Wainwright Cooperative Association
- Assets
- $1.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Wainwright, AK
- Founding
- 10/1948
- Data as of
- 12/2021
- EIN
- 92-0009739
Organization Overview
Wainwright Cooperative Association is located in Wainwright, AK. The organization was established in 1948. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wainwright Cooperative Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wainwright Cooperative Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Wainwright Cooperative Association generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIAN TRIBAL GOVERNMENT PROVIDING GROCERY STORE
COMMUNITY SERVICE
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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 | $3,212,335 |
| 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 | $3,626,498 |
| 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 | $338,648 |
| Pension plan accruals and contributions | $22,579 |
| Other employee benefits | $6,784 |
| Payroll taxes | $19,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $52,445 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $97,102 |
| Travel | $2,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,580 |
| Insurance | $49,240 |
| All other expenses | $109,567 |
| Total functional expenses | $3,486,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$10,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $792,581 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $89,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,000 |
| Total assets | $1,332,722 |
| Accounts payable and accrued expenses | $84,623 |
| 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 | $84,623 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $521,718 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $726,381 |
| Total liabilities and net assets/fund balances | $1,332,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sudden Valley Comm Assoc Bellingham, WA | $20,952,447 | $5,164,417 |
Wainwright Cooperative Association Wainwright, AK | $1,332,722 | $3,626,498 |
Desert Aire Owners Association Mattawa, WA | $7,989,613 | $2,793,140 |
Snoqualmie Ridge Residential Owners Association Snoqualmie, WA | $2,466,155 | $1,515,533 |
Building Owners And Managers Association Of Seattle Seattle, WA | $1,124,627 | $1,499,763 |
Redmond Ridge Residential Owners Redmond, WA | $1,854,713 | $1,503,480 |
The Ontario Center Owners Association Nine Mile Falls, WA | $1,547,495 | $1,593,017 |
Northwest Landing Residential Property Owners Association DuPont, WA | $2,222,432 | $1,366,604 |
Central Washington Home Builders Association Inc Yakima, WA | $1,318,141 | $960,293 |
Highlands Council Issaquah, WA | $2,418,933 | $1,078,489 |
Tenants Union Of Washington Seattle, WA | $651,295 | $984,022 |
North Olympic Regional Veterans Housing Network Forks, WA | $2,012,724 | $1,292,167 |