Wakway Inc
- Assets
- $263.1k
- Revenue
- $394.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-3860666
Organization Overview
Wakway Inc is located in Scottsdale, AZ. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakway 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, Wakway Inc generated $394.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $163.5k during the year ending 12/2023. While expenses have increased by 10.4% 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.
Since 2019, Wakway Inc has awarded 11 individual grants totaling $489,670. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTS LIVES THROUGH INNOVATIVE FOOD REPURPOSING PROGRAMS. WE REDISTRIBUTE UGLY FRESH FRUITS AND VEGETABLES INTO FOOD-DESERT AREAS. WE WORK WITH FOR- PROFIT COMPANIES TO TURN WASTE INTO HEALTHY PRODUCTS THAT CAN BE DISTRIBUTED TO AT-RISK POPULATIONS LIKE INNER CITY KIDS AND FAMILIES AND THE ELDERLY. WE WORK WITH UNIVERSITIES TO CREATE NEW FOOD INNOVATIONS TO REDUCE FOOD WASTE. WE LOOK AT BEST PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAKWAY FOUNDATION HAS PIVOTED TO SUPPORT SMALL FARMS AND THE EXPENSE INTO PRODUCING OUR FOOD. UNDERSTANDING THE WASTE AND LOSS OF SMALL FARMS, WAKWAY HAS INTRODUCED A PROGRAM FOCUSED ON TECHNOLOGY AIMED AT CREATING JOB PATHWAYS FOR HIGH SCHOOL AGRICULTURE STUDENTS, WHICH INCLUDES DRONE APPLICATION AND TECHNOLOGY. THE WAKWAY FOUNDATION WILL CONTINUE TO PARTNER WITH SMALL FARMS TO PRODUCE JAMS AND OTHER PRODUCTS TO CREATE FUNDRAISING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Campbell-Truman Treasurer | OfficerTrustee | 40 | $0 |
Wilbur Don Wakamatsu President | OfficerTrustee | 20 | $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 | $4,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,337 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $390,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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 | $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 | $5,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,769 |
| Office expenses | $62,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,153 |
| 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 | $5,584 |
| Insurance | $0 |
| All other expenses | $13,249 |
| Total functional expenses | $163,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $197,859 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $263,090 |
| Accounts payable and accrued expenses | $14,386 |
| 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 | $14,386 |
| Net assets without donor restrictions | $248,704 |
| 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 | $263,090 |
Grants Awarded
Over the last fiscal year, Wakway Inc has awarded $28,609 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORNERSTONE CHURCH PURPOSE: Provide Food to the Needy | $21,000 |
MEALS ON WHEELS INC PURPOSE: Provide Food to the Needy | $7,609 |