Ums-Wright Corporation
- Assets
- $48.9m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 221
- Location
- Mobile, AL
- Founding
- 07/1949
- Data as of
- 05/2023
- EIN
- 63-0310782
Organization Overview
Ums-Wright Corporation is located in Mobile, AL. The organization was established in 1949. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 05/2023, Ums-Wright Corporation employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ums-Wright Corporation 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 05/2023, Ums-Wright Corporation generated $22.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $21.3m during the year ending 05/2023. While expenses have increased by 4.3% per year over the past 8 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
THE ORGANIZATION PROVIDES EDUCATION FOR PRESCHOOL THROUGH 12TH GRADE -- INCLUDING ACADEMIC INSTRUCTION, STUDENT ACTIVITIES, ATHLETICS, AND CAFETERIA SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UMS-WRIGHT HAD APPROXIMATELY 1,285 STUDENTS ENROLLED IN PRESCHOOL THROUGH 12TH GRADES DURING THE '22-'23 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paige B Plash Trustee - Chairman | OfficerTrustee | 1 | $0 |
Ashleigh C Leland Trustee - Co-Chairman | OfficerTrustee | 1 | $0 |
Frank J Lott III Trustee - Co-Chairman | OfficerTrustee | 1 | $0 |
Walsh L Arendall Trustee | Trustee | 1 | $0 |
Robert C Baird III Trustee | Trustee | 1 | $0 |
Joel B Bullard III Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $560,393 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,647,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,207,846 |
| Total Program Service Revenue | $17,278,780 |
| Investment income | $39,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,500 |
| 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 | $1,362 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,132,785 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,564,691 |
| Pension plan accruals and contributions | $375,472 |
| Other employee benefits | $821,342 |
| Payroll taxes | $755,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,393 |
| Fees for services: Accounting | $59,435 |
| 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 | $26,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $845,755 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,664,468 |
| Insurance | $440,400 |
| All other expenses | $1,678,921 |
| Total functional expenses | $21,335,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,879,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $395,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,398 |
| Prepaid expenses and deferred charges | $45,404 |
| Net Land, buildings, and equipment | $39,977,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,382,842 |
| Other assets | $171,033 |
| Total assets | $48,854,502 |
| Accounts payable and accrued expenses | $1,533,310 |
| 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 | $4,296,653 |
| Total liabilities | $5,829,963 |
| Net assets without donor restrictions | $39,136,602 |
| Net assets with donor restrictions | $3,887,937 |
| 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 | $48,854,502 |