Village Of Wisdom Inc
- Assets
- $4.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Durham, NC
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2060936
Organization Overview
Village Of Wisdom Inc is located in Durham, NC. The organization was established in 2015. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Village Of Wisdom Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of Wisdom 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 12/2022, Village Of Wisdom Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 59.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE WORK WITH FAMILIES TO PROTECT BLACK GENIUS, BY ORGANIZING AND MOBILIZING A COMMUNITY OF FAMILIES COMMITTED TO THE HEALTHY DEVELOPMENT AND REFLECTION OF BLACK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK PARENT RESTORATION
COMMUNITY AND CULTURAL ORGANIZING
COMMUNITY DRIVEN RESEARCH
ALL OTHER PROGRAMMING ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Henderson Strategy Directorops | 35 | $101,261 | |
William Jackson Executive Director | Officer | 35 | $73,150 |
Leah Adeniji Board Member At Large | Officer | 5 | $0 |
Cornell Watson Board Member | Officer | 5 | $0 |
Malika Graham-Bailey Board Member | Officer | 5 | $0 |
Gerald Harris Secretary | 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 | $3,842,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,842,748 |
| Total Program Service Revenue | $23,153 |
| Investment income | $923 |
| 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 | $3,866,824 |
| 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 | $744,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $203,976 |
| Payroll taxes | $59,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $912,739 |
| Advertising and promotion | $0 |
| Office expenses | $109,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,845 |
| Travel | $32,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,297 |
| All other expenses | $257 |
| Total functional expenses | $2,137,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,511,011 |
| Savings and temporary cash investments | $2,918,073 |
| 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 | $4,429,084 |
| 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 | $0 |
| 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 | $4,429,084 |
| Total liabilities and net assets/fund balances | $4,429,084 |