Wagilabs
- Assets
- $600.6k
- Revenue
- $326.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 08/2017
- Data as of
- 06/2024
- EIN
- 81-2914215
Organization Overview
Wagilabs is located in Charlottesville, VA. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wagilabs 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 06/2024, Wagilabs generated $326.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $25.5k during the year ending 06/2024. While expenses have increased by 14.3% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WAGILABS PURPOSES INCLUDE: 1. TO PROVIDE ENGAGING AND INCLUSIVE EDUCATIONAL PROGRAMS FOR CHILDREN WORLDWIDE, WITH A FOCUS ON UNDERSERVED COMMUNITIES; 2. TO EMPOWER KIDS TO DEVELOP AND IMPLEMENT INNOVATIVE IDEAS THAT POSITIVELY IMPACT SOCIETY; 3. TO PROMOTE CREATIVITY, CRITICAL THINKING, AND SOCIAL ENTREPRENEURSHIP THROUGH MENTORSHIP, FUNDING, AND A COLLABORATIVE GLOBAL COMMUNITY; 4. TO CULTIVATE A NEW GENERATION OF CHANGEMAKERS BY SUPPORTING CHILDREN'S PASSIONS, TALENTS, AND LEADERSHIP; 5. TO ENGAGE YOUTH AS PARTNERS IN CREATING GRASSROOTS SOLUTIONS TO GLOBAL CHALLENGES; 6. TO UNDERTAKE ANY LAWFUL ACTIVITIES THAT FURTHER OUR CHARITABLE MISSION OF NURTURING CHILDREN'S POTENTIAL TO BUILD A MORE JUST, SUSTAINABLE, AND PEACEFUL WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES DURING 6-30-2024 FISCAL YEAR KEYNOTE ADDRESSES: 1. CORNELL UNIVERSITY LIFE CHANGING LABS CONFERENCE 2. OHIO AFTERSCHOOL ASSOCIATION CONFERENCE 3. YOUNG ENTREPRENEURSHIP INSTITUTE CONFERENCE 4. OREGON AFTER SCHOOL ANNUAL CONFERENCE 5. ASU THUNDERBIRD CONFERENCE WAGILABS PROGRAM LAUNCHES: 1. NORTH WEST ARKANSAS SCHOOLS (4 SCHOOLS, 4 SESSIONS, 120 STUDENTS) 2. COLUMBUS, OHIO YMCA (8 SESSIONS, 144 STUDENTS) 3. YEI YIPPEE SCHOOLS (14 SCHOOLS, 8 SESSIONS, 300+ STUDENTS) 4. REPUBLIC OF CONGO (1 SCHOOL, 20 SESSIONS, 21 STUDENTS) INTERNATIONAL EXPANSION: 1. TANZANIA TWENDE SCHOOLS (1 PROGRAM, 10 SESSIONS, 15 STUDENTS) 2. LONDON FOLA FOUNDA3ON (1 PROGRAM, 13 SESSIONS, 12 STUDENTS) 3. GHANA COCOA360 (1 PROGRAM, 13 SESSIONS, 18 STUDENTS PER PROGRAM) WAGILABS PROVIDED PRESENTATIONS TO GOVERNMENT AGENCIES AND INDUSTRY TO EXPLAIN SOCIAL ENTREPRENEURSHIP AND HOW THEIR EMPLOYEES CAN GET INVOLVED IN PROGRAMS HELPING SCHOOL-AGE CHILDREN. THESE TRAINING PRESENTAIONS GENERATED 27,821 IN REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Thompson Exec Directo | OfficerTrustee | 60 | $0 |
Mary Power CFO / Treasu | OfficerTrustee | 5 | $0 |
Emmanuel Abebrese Secretary | OfficerTrustee | 2 | $0 |
Mary Porter 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 | $277,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,628 |
| Total Program Service Revenue | $31,340 |
| Investment income | $17,903 |
| 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 | $326,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $100 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,898 |
| Advertising and promotion | $6,731 |
| Office expenses | $3,389 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $25,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $590,550 |
| 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 | $600,550 |
| 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 | $600,550 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $600,550 |