My Way Out Inc
- Assets
- $156.0k
- Revenue
- $271.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2023
- EIN
- 87-1385421
Organization Overview
My Way Out Inc is located in Milwaukee, WI. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, My Way Out Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Way Out 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, My Way Out Inc generated $271.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $206.7k during the year ending 12/2023. 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
USING THE VOICE AND EXPERTISE OF 'CREDIBLE MESSENGERS' WE EMPOWER, INSPIRE AND ENRICH THE LIVES OF JUSTICE-IMPACTED INDIVIDUALS BY BRINGING TOGETHER CUSTOMIZED COMMUNITY RESOURCES, SUPPORTIVE SERVICE PROVIDERS, AND SECOND-CHANCE EMPLOYERS. BY REDUCING RECIDIVISM, BUILDING STRONG COMMUNITIES THROUGH PEER NETWORKS, AND KEEPING FAMILIES TOGETHER, WE WILL HELP BRING HOPE AND PROSPERITY TO MARGINALIZED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACHING IN-HELPING OUT: PERSONALIZED PRE- AND POST-RELEASE REENTRY PLANNING FOR JUSTICE-IMPACTED INDIVIDUALS IN WIS. CORRECTIONAL INSTITUTIONS.ONBOARDING JUSTICE-IMPACTED INDIVIDUALS POST-RELEASE TO MY WAY OUT'S CRM TECHNOLOGY PLATFORM TO PROVIDE 24/7 ACCESS TO AN ASSIGNED SUPPORTIVE SERVICE PROVIDER FOR UP TO 3 YEARS POST RELEASE AND ACCESS TO MULTI-FACETED SUPPORT SERVICES. LAUNCHED 'BUILDING A PATH TO SUCCESS'- CERTIFICATE PROGRAM, A COLLABORATIVE PARTNERSHIP BETWEEN MY WAY OUT, THE MILKY WAY TECH HUB, AND THE U.W. MADISON EXTENSION TO PROVIDE A 6-WEEK TRAINING PROGRAM FOR INCARCERATED INDIVIDUALS TO PROVIDE ESSENTIAL HANDS-ON SKILLS TRAINING FEATURING RENT SMART, FINANCIAL LITERACY, BRIDGING THE TECH GAP TECH TO NAVIGATE ONLINE SEARCHES FOR RESOURCES AND EMPLOYMENT, RESUME WRITING & INTERVIEWING SKILLS, AND EXPOSURE TO AI-VIRTUAL REALITY TRAINING IN KEY CAREERS. PARTNERED WITH UNITED WAY SAFE & STABLE HOMES INITIATIVE TO PROVIDE RENT ASSISTANCE AND SUPPORT SERVICES FOR RETURNING CITIZENS FOR 3 MONTHS WHILE SEEKING EMPLOYMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Coy-Romano President | OfficerTrustee | 40 | $27,000 |
Avelina Poppert Secretary | OfficerTrustee | 1 | $0 |
John Chidester Treasurer | OfficerTrustee | 1 | $0 |
Nyra Jordan Director | Trustee | 1 | $0 |
Peter Welch Director | Trustee | 1 | $0 |
Patrick Synder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,103 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,583 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $36,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249 |
| Fees for services: Accounting | $1,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,592 |
| Advertising and promotion | $876 |
| Office expenses | $1,561 |
| Information technology | $657 |
| Royalties | $0 |
| Occupancy | $2,306 |
| Travel | $2,777 |
| 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 | $2,886 |
| All other expenses | $0 |
| Total functional expenses | $206,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,510 |
| 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 | $5,791 |
| 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 | $156,010 |
| Accounts payable and accrued expenses | $6,810 |
| 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 | $6,810 |
| Net assets without donor restrictions | $68,528 |
| Net assets with donor restrictions | $80,672 |
| 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 | $156,010 |