The Wily Network Inc
- Assets
- $6.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Newton, MA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2434992
Organization Overview
The Wily Network Inc is located in Newton, MA. The organization was established in 2015. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2023, Wily Network Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wily Network 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, Wily Network Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. 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
TO ENSURE OUR SCHOLARS HAVE THE TOOLS AND NETWORKS NECESSARY TO THRIVE IN FOUR-YEAR RESIDENTIAL COLLEGES.TO EMPOWER OUR SCHOLARS TO TRANSITION SUCCESSFULLY INTO POST-COLLEGE LIFE AND BECOME VIBRANT MEMBERS OF THEIR COMMUNITIES.THE WILY NETWORK PROVIDES A CRITICAL SAFETY NET FOR THESE SCHOLARS AS THEY NAVIGATE COLLEGE ON THEIR OWN. THE WILY PROGRAM OFFERS WEEKLY CLINICAL COACHING, FINANCIAL ASSISTANCE, COMMUNITY-BUILDING SUPPORT, AND NETWORKING OPPORTUNITIES TO HELP THEM MOVE FROM SURVIVING TO THRIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILY NETWORK PARTNERS WITH COLLEGE STUDENTS IN THE GREATER BOSTON AREA WHO ARE WORKING TOWARDS THEIR DEGREES WITHOUT EMOTIONAL OR FINANCIAL SUPPORT FROM FAMILY. WILY PROVIDES A CRITICAL SAFETY NET FOR SCHOLARS AS THEY NAVIGATE COLLEGE INDEPENDENTLY. WILY'S PROGRAM OFFERS WEEKLY CLINICAL COACHING, FINANCIAL ASSISTANCE, COMMUNITY-BUILDING SUPPORT, AND NETWORKING OPPORTUNITIES TO HELP SCHOLARS MOVE FROM SURVIVING TO THRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Alperin King Executive Director | OfficerTrustee | 40 | $146,655 |
Katie Bramley Board Chair | OfficerTrustee | 10 | $0 |
Allison Polley Hirsch Treasurer & Director | OfficerTrustee | 2 | $0 |
Michael Julian Clerk & Director (until 9/2023) | OfficerTrustee | 2 | $0 |
Andrew Rudzinski Director (until 9/2023) | Trustee | 1 | $0 |
Don Bramley Director | Trustee | 2 | $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 | $2,601,493 |
| Noncash contributions included in lines 1a–1f | $96,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,601,493 |
| Total Program Service Revenue | $0 |
| Investment income | $74,620 |
| 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 | $2,676,113 |
| 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. | $160,661 |
| Compensation of current officers, directors, key employees. | $32,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,092 |
| Payroll taxes | $86,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $106,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,727 |
| Advertising and promotion | $0 |
| Office expenses | $130,312 |
| Information technology | $0 |
| 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 | $6,655 |
| Insurance | $10,766 |
| All other expenses | $0 |
| Total functional expenses | $2,145,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650,504 |
| Savings and temporary cash investments | $79,480 |
| Pledges and grants receivable | $1,842,496 |
| 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 | $34,203 |
| Net Land, buildings, and equipment | $29,338 |
| Investments—publicly traded securities | $3,515,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,475 |
| Total assets | $6,577,240 |
| Accounts payable and accrued expenses | $110,810 |
| Grants payable | $0 |
| Deferred revenue | $4,639 |
| 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 | $416,928 |
| Total liabilities | $532,377 |
| Net assets without donor restrictions | $3,178,546 |
| Net assets with donor restrictions | $2,866,317 |
| 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 | $6,577,240 |