Wayne Action Group For Economic Solvency Inc
- Assets
- $6.2m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 256
- Location
- Goldsboro, NC
- Founding
- 06/1967
- Data as of
- 06/2021
- EIN
- 56-6070824
Organization Overview
Wayne Action Group For Economic Solvency Inc is located in Goldsboro, NC. The organization was established in 1967. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Wayne Action Group For Economic Solvency Inc employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Action Group For Economic Solvency 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 06/2021, Wayne Action Group For Economic Solvency Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $14.2m during the year ending 06/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER GOVERNMENT POVERTY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START / EARLY HEAD START - PRESCHOOL FOR 3-4 YEAR OLDS
FOSTER GRANDPARENTS / SENIOR COMPANIONS PROGRAMS - VOLUNTEER SERVICE OPPORTUNITIES FOR LOW INCOME SENIORS.
NUTRITION - SERVES MEALS AT CONGREGATE SITES TO AGE-ELIGIBLE CITIZENS. PRIORITY IS BASED ON AGE, INCOME, AND DISABILITY. THE RECIPIENTS MUST BE PHYSICALLY ABLE TO PARTICIPATE AT A CONGREGATE SITE WHERE THEY GET A HOT MEAL, HAVE EDUCATIONAL OPPORTUNITIES AND GET SOCIAL INTERACTION. THERE ARE ALSO HOME DELIVERED MEALS WHICH ARE DELIVERED BY VOLUNTEERS TO RECIPIENTS WHO ARE AGE, INCOME, AND DISABILITY ELIGIBLE AND NOT ABLE TO PREPARE AT LEAST ONE MEAL PER DAY.
HEAD START / EARLY HEAD START - PRESCHOOL FOR 3-4 YEAR OLDS.
FOSTER GRANDPARENT / SENIOR COMPANION PROGRAMS - VOLUNTEER SERVICE OPPORTUNITIES FOR LOW INCOME PERSONS.
NUTRITION - SERVES MEALS AT CONGREGATE SITES TO AGE-ELIGIBLE CITIZENS. PRIORITY IS BASED ON AGE, INCOME, AND DISABILITY. THE RECIPIENTS MUST BE PHYSICALLY ABLE TO PARTICIPATE AT A CONGREGATE SITE WHERE THEY GET A HOT MEAL, HAVE EDUCATIONAL OPPORTUNITIES AND GET SOCIAL INTERACTION. THERE ARE ALSO HOME DELIVERED MEALS WHICH ARE DELIVERED BY VOLUNTEERS TO RECIPIENTS WHO ARE AGE, INCOME AND DISABILITY ELIGIBLE AND NOT ABLE TO PREPARE AT LEAST ONE MEAL PER DAY.
WEATHERIZATION FOR LOW INCOME PERSONS / HEATING APPLIANCE REPAIR & REPLACEMENT PROGRAM; USDA; COMMUNITY SERVICES BLOCK GRANT; NC MORE AT FOUR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Edwards President | Trustee | $0 | |
Don Chatman Board Treasu | OfficerTrustee | $0 | |
Comatha Johnson 2nd V.P. | OfficerTrustee | $0 | |
Michelle Estrada Secretary | Trustee | $0 | |
Patricia Beier Executive Di | Officer | 40 | $0 |
Adrian Worrell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,873,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,137,344 |
| Total Program Service Revenue | $1,834,430 |
| Investment income | $170 |
| 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 | $14,971,774 |
| 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 | $5,879,853 |
| Pension plan accruals and contributions | $230,577 |
| Other employee benefits | $1,604,423 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $459,546 |
| Travel | $310,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,180 |
| Insurance | $0 |
| All other expenses | $1,323,631 |
| Total functional expenses | $14,202,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,118,181 |
| Savings and temporary cash investments | $201,533 |
| Pledges and grants receivable | $984,941 |
| Accounts receivable, net | $45,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,037 |
| Prepaid expenses and deferred charges | $992 |
| Net Land, buildings, and equipment | $3,797,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,557 |
| Total assets | $6,163,393 |
| Accounts payable and accrued expenses | $525,031 |
| 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 | $25,891 |
| Total liabilities | $550,922 |
| Net assets without donor restrictions | $4,771,971 |
| Net assets with donor restrictions | $840,500 |
| 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 | $6,163,393 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wayne Action Group For Economic Solvency Inc has recieved totaling $753,437.
| Awarding Organization | Amount |
|---|---|
The Partnership For Children Of Wayne County Inc Goldsboro, NC PURPOSE: NC Pre-K | $604,057 |
United Way Of Wayne Co Inc Goldsboro, NC PURPOSE: PROVIDING COMMUNITY | $88,805 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: CHILD ADVOCACY NETWORK PROJECT | $30,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: CHILD ADVOCACY NETWORK PROJECT | $30,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |
Society Of St Vincent De Paul Georgia Inc Atlanta, GA | $8,206,515 | $23,990,110 |