Way Ahead Tr Uad 10-13-2011
- Assets
- $2.0m
- Revenue
- $247.0k
- Investments
- $496.9k
- Employees
- 0
- Location
- Westhoff, TX
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 45-6533936
Organization Overview
Way Ahead Tr Uad 10-13-2011 is located in Westhoff, TX. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Way Ahead Tr Uad 10-13-2011 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Way Ahead Tr Uad 10-13-2011 generated $247.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $298.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Way Ahead Tr Uad 10-13-2011 has awarded 73 individual grants totaling $1,798,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted W Aven Trustee | 1 | $12,000 | |
Frances J Aven Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,016 |
| Dividends & Interest | $3,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,163 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $253,386 |
| Total Revenue | $247,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162 |
| Total operating and administrative expenses | $38,323 |
| Contributions, gifts, grants paid | $260,200 |
| Total expenses and disbursements | $298,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,582 |
| Savings and temporary cash investments | $1,071,914 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,486 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $369,716 |
| Total assets | $1,963,626 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Way Ahead Tr Uad 10-13-2011 has awarded $260,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PALMER HOME FOR CHILDREN PURPOSE: SUPPORT ORPHANED CHILDREN | $40,000 |
COVENANT COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP TO COVENANT COLLEGE | $125,000 |
PRESBYTERIAN EVAN FELLOWSHIP PURPOSE: MISSIONARY SUPPORT | $10,000 |
COVENANT COLLEGE PURPOSE: SUPPORT TO COLLEGE | $20,000 |
SALVATION ARMY PURPOSE: HOMELESS AND EMERGENCY SUPPORT | $15,000 |
LIGONIER MINISTRIES PURPOSE: PROMOTE CHRISTIAN MINISTRY | $35,000 |