W A M Y Community Action Inc
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 51
- Location
- Boone, NC
- Founding
- 01/1965
- Data as of
- 06/2022
- EIN
- 56-0816296
Organization Overview
W A M Y Community Action Inc is located in Boone, NC. The organization was established in 1965. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, W A M Y Community Action Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W A M Y Community Action 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 06/2022, W A M Y Community Action Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING WITH FAMILIES AND COMMUNITIES TO PROVIDE THE DISADVANTAGED THE SUPPORT AND TOOLS THEY NEED TO BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
21ST CENTURY COMMUNITY LEARNING CENTER PROGRAM PROVIDED A QUALITY AFTER SCHOOL PROGRAM IN A SAFE, DRUG-FREE, NURTURING ENVIRONMENT. THE PROGRAM OPERATED AFTER SCHOOL DURING THE SCHOOL YEAR AND ON FULL-DAY SCHEDULE ON TEACHER WORK DAYS AND DURING THE SUMMER MONTHS. THE FOCUS OF THE PROGRAM IS TO RAISE STUDENTS' END OF GRADE SCORES AND TO BROADEN THEIR HORIZONS SOCIALLY.
OTHER SOCIAL PROGRAMS THAT IMPROVE ECONOMIC AND SOCIAL CONDITIONS.
WEATHERIZATION/HARRP PROGRAMS ENABLE LOW-INCOME FAMILIES TO PERMANENTLY REDUCE THEIR ENERGY BILLS BY MAKING THEIR HOMES MORE ENERGY EFFICIENT.
CSBG PROVIDES A VARIETY OF SERVICES DESIGNED TO ASSIST LOW-INCOME FAMILIES IN ATTAINING THE SKILLS, KNOWLEDGE, AND MOTIVATION NECESSARY TO ACHIEVE SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hughes Chair | OfficerTrustee | 2 | $0 |
Ted Ollis 1st Vice Chair | OfficerTrustee | 1 | $0 |
Vanessa Letterman 2nd Vice Chair, Secretary | OfficerTrustee | 2 | $0 |
Arlene Weiner 3rd Vice Chair, Treasurer | OfficerTrustee | 2 | $0 |
Natalie Bovino 4th Vice Chair | OfficerTrustee | 1 | $0 |
Cameron Moser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,138,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,294,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,432,843 |
| Total Program Service Revenue | $16,264 |
| Investment income | $21,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,540 |
| 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 | $2,511,481 |
| 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. | $127,730 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,345 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,318 |
| Advertising and promotion | $17,648 |
| Office expenses | $58,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,673 |
| Travel | $51,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,534 |
| Interest | $17,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,955 |
| Insurance | $4,676 |
| All other expenses | $0 |
| Total functional expenses | $2,421,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,298 |
| Savings and temporary cash investments | $9,798 |
| Pledges and grants receivable | $309,093 |
| Accounts receivable, net | $26,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $315,712 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $675,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,810,721 |
| Accounts payable and accrued expenses | $68,515 |
| Grants payable | $0 |
| Deferred revenue | $21,212 |
| 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 | $691,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $781,525 |
| Net assets without donor restrictions | $901,118 |
| Net assets with donor restrictions | $128,078 |
| 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 | $1,810,721 |