Way Foundation International
- Assets
- $25.9k
- Revenue
- $224.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arcadia, OK
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-5484611
Organization Overview
Way Foundation International is located in Arcadia, OK. The organization was established in 2014. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, 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. Way Foundation International 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, Way Foundation International generated $224.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $216.1k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 5 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
CHRISTIAN ORGANIZATION DEDICATED TO EMPOWERING FUTURE GENERATIONS THRU GOOD WORKS EDUCATION. OUR PRIMARY PURPOSE IS TO SUPPORT CHURCHES BY SPONSORING CHURCH PERSONNEL CHURCH ACTIVITIES PROVIDING EDUCATION TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE SENT TO NICARAGUA TO SPONSOR LOCAL CHURCH PERSONNEL IN THE PROMOTION OF CHRISTIAN EDUCATION AND ACTIVITIES. PERSONNEL INCLUDES 15 MISSIONARIES ACROSS 12 CONGREGATIONS SERVING 600 MEMBERS.
FUNDS ARE SENT TO NICARAGUA TO SPONSOR 21 STUDENTS IN ELEMENTARY, HIGH SCHOOL, TRADE SCHOOL, AND UNIVERSITY. THE SUPPORT ALLOWS EACH STUDENT TO PAY FOR TUITION, UNIFORMS, SCHOOL SUPPLIES, AND OTHER ITEMS RELATED TO THEIR EDUCATION.
FUNDS ARE SENT TO NICARAGUA TO SUPPORT CHURCH ACTIVITIES, INCLUDING 4 BIBLE CAMPS SERVING 400 TEENS YOUNG ADULTS, 2 RETREATS, 3 EVANGELISTIC CAMPAIGNS, BIBLE SEMINARS, BENEVOLENCE TO HELP CHURCH MEMBERS, AND FACILITIES IMPROVEMENTS IN PLACES OF MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Ferguson Vice President | Officer | 1 | $0 |
Kim Romero Secretary | Officer | 1 | $0 |
Audrey Mauck Treasurer | Officer | 4 | $0 |
Preston Watterson President | Officer | 1 | $0 |
Kyle Mauck Executive Director | Officer | 5 | $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 | $224,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,360 |
| 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 | $224,360 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120 |
| Office expenses | $2,253 |
| Information technology | $360 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $216,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,871 |
| 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 | $25,871 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $25,871 |
| Net assets with donor restrictions | $0 |
| 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 | $25,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas International Education Consortium Austin, TX | $21,485,052 | $4,968,587 |
No Barriers Usa Fort Collins, CO | $1,334,762 | $1,512,489 |
International Leadership Of Texas - Global Richardson, TX | $1,906,983 | $1,543,841 |
People To People International Kansas City, MO | $729,898 | $924,886 |
Way Foundation International Arcadia, OK | $25,871 | $224,360 |
International Cultural Exchange Inc Cypress, TX | $69,489 | $0 |
Association Of Owerri Girls Secondary School Ogss Alumnae Usa Katy, TX | $41,170 | $5,189 |
International Scope In Education Inc St Charles, MO | $44,691 | $0 |
Foundation For Global Scholars Boulder, CO | $179,336 | $798 |
Thai-American Physicians Foundation St Louis, MO | $1,006,138 | $55,441 |
Chase Educational Foundation Springfield, MO | $6,435 | $0 |
Usa United Students Association Program Inc Mansfield, TX | $510 | $37,377 |
Japan Studies Association Inc Saint Joseph, MO | $14,487 | $0 |
Arbitrary Hill Foundation San Antonio, TX | $122,003 | $0 |
Texas Global Education And Cultural Exchange Houston, TX | $500 | $0 |
Academic And Cultural Exchange Richardson, TX | $0 | $0 |