Wise Road Empowerment Initiative
- Assets
- $1.1m
- Revenue
- $383.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3779639
Organization Overview
Wise Road Empowerment Initiative is located in Huntington Beach, CA. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wise Road Empowerment Initiative 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, Wise Road Empowerment Initiative generated $383.0 in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND EMPOWER MINORITIES, FEMALES, UNDERSERVED AND STRUGGLING BUSINESSES SO THAT THEY CAN ULTIMATELY PROVIDE JOBS FOR THE COMMUNITY, PRESERVE JOBS, AND ELEVATE THE OWNERS, THEIR EMPLOYEES AND THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION AND EMPOWERMENT OF MINORITIES, FEMALES, UNDERSERVED AND STRUGGLING BUSINESSES. THE NONPROFIT CONTINUES TO SEARCH FOR WAYS TO ASSIST THE COMMUNITY IN THIS MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Wise President, Asst Sec, Asst | OfficerTrustee | 5 | $0 |
Orion Wise Vice President, Treasurer, | OfficerTrustee | 5 | $0 |
Chris Brackemyer Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $43,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,215 |
| Fees for services: Accounting | $1,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,957 |
| Fees for services: Other | $244 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $8,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,788 |
| Savings and temporary cash investments | $16,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $550,000 |
| 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 | $514,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,124,434 |
| 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 | $0 |
| 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 | $1,124,434 |
| Total liabilities and net assets/fund balances | $1,124,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Workforce Association Sacramento, CA | $954,226 | $3,290,948 |
Digital Organizing Power-Building And Engagement Labs-Dope Labs Oakland, CA | $789,005 | $330,087 |
Cooperationworks Berkeley, CA | $230,113 | $0 |
Tcc And Cpi Contract Admin And Labor Management Committee Emeryville, CA | $184,301 | $0 |
Lincoln County Employees Association Newport, OR | $42,006 | $48,050 |
Wise Road Empowerment Initiative Huntington Beach, CA | $1,124,434 | $383 |
Infinite Learning And Resource Center Santa Rosa, CA | $0 | $0 |
Sicham San Ramon, CA | $500 | $0 |