Local Initiative For Transformation - Wc Inc
- Assets
- $66.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Webster City, IA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-4220326
Organization Overview
Local Initiative For Transformation - Wc Inc is located in Webster City, IA. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Initiative For Transformation - Wc 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, Local Initiative For Transformation - Wc Inc generated $109.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $128.0k during the year ending 12/2023. While expenses have increased by 27.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary S Chizek Treasurer | 5 | $0 | |
Lindsay Henderson President | 5 | $0 | |
John Hawkins Vice President | 5 | $0 | |
Darcy Swon Secretary | 5 | $0 | |
Jacob Pulis Director | 2 | $0 | |
Shannon Swon Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $109,417 |
| Total Revenue | $109,417 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $127,975 |
| Total expenses | $127,975 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,512 |
| Other assets | $0 |
| Total assets | $66,419 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,419 |