Wam Inc
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Keller, TX
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 46-2364153
Organization Overview
Wam Inc is located in Keller, TX. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wam Inc 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 12/2023, Wam Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 21.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WAM IS A FAITH BASED CHARITY STRIVING TO MEET THE SPIRITUAL, PHYSICAL AND EMOTIONAL NEEDS OF FAMILIES IN THE MIDDLE EAST REGION IMPACTED BY THE LEBANESE, SYRIAN AND IRAQI CRISIS WHERE WE DELIVER EMERGENCY AID TO SURVIVORS OF WAR AND ECONOMIC CRISIS WHO ARE IN NEED OF FOOD, WATER, MEDICINE, CLOTHING AND SHELTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN WAM ISSUES GRANTS TO PARTNERING AGENCIES IN THE MIDDLE EAST REGION FOR THE PURPOSE OF PURCHASING LOCAL FOOD, WARM CLOTHING, BLANKETS, ETC. TO REFUGEE SURVIVORS OF WAR AND DESTITUTE LOCAL POPULATION, WHO ARE UNDERSERVED BY LOCAL AND INTERNATIONAL ORGANIZATIONS AND GOVERNMENTS. WAM STAFF MAKE FREQUENT VISITS TO IDENTIFY AREAS OF UNDERSERVED POPULATIONS, BUILD RELATIONSHIPS WITH PARTNERING ORGANIZATIONS AND CHURCHES AND ARE FREQUENTLY ON SITE DURING DISTRIBUTION OF LIFE SAVING FOOD & SUPPLIES.IN 2023, OVER 25,000 INDIVIDUALS HAVE BEEN FED AND PROVIDED WITH WARM CLOTHING AND SHELTER AT AN APPROXIMATE COST OF $45 PER PERSON.
CHURCH MINISTRYWAM STAFF ORGANIZE HUMANITATIAN RELIEF EFFORTS WITH OTHER ORGANIZATIONS/CHURCHES TO PROVIDE FOOD, WATER, MEDICINES, MEDICAL SUPPLIES, DIAPERS, HYGIENE KITS, BLANKETS, AND EMERGENCY SUPPLIES WHICH ARE THEN SHIPPED TO LEBANON PRODUCRED IN SUPPORT OF OUR MISSION TO SERVE THE LOCAL POPULATION DISPLACED BY WAR, AND THOSE SEEKING SHELTER IN LEBANON FROM WAR RAVAGED COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Bouchebell Board Member | OfficerTrustee | 40 | $150,000 |
Jean Bouchebell Lhd President | OfficerTrustee | 30 | $0 |
Dr Peter Larson Board Member | OfficerTrustee | 5 | $0 |
Dr Michael Clark Chairman | Trustee | 10 | $0 |
Mr Andrew Paris Board Member | Trustee | 10 | $0 |
Mrs Roshani Schaefer Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,102,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,102,272 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,102,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,416,880 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,571 |
| Payroll taxes | $12,325 |
| Fees for services: Management | $18,500 |
| Fees for services: Legal | $862 |
| Fees for services: Accounting | $7,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,655 |
| Advertising and promotion | $226 |
| Office expenses | $10,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,493 |
| Total functional expenses | $1,856,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,184,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,376 |
| Total liabilities | $12,376 |
| Net assets without donor restrictions | $489,518 |
| Net assets with donor restrictions | $682,801 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,184,695 |