Civic Intelligence

W L C Management Company Inc.

990 • Fiscal year 2018 • EIN 04-3333863

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 03, 2019

45 BrackettQuincy, MA 02169

(617) 773-5483

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$182,898

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 35.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.5%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,007,754

Up $79,001 (+8.5%) from 2017

Net Assets

Up

$985,115

Up $59,001 (+6.4%) from 2017

Liabilities

Up

$22,639

Up $20,000 (+758%) from 2017

Revenue

Up

$518,696

Up $70,574 (+16%) from 2017

Expenses

Up

$459,695

Up $51,561 (+13%) from 2017

Net Income

Up

$59,001

Up $19,013 (+48%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $889,972Liabilities 2011: $4,393Net Assets 2011: $885,5792011Assets 2012: $902,153Liabilities 2012: $5,975Net Assets 2012: $896,1782012Assets 2013: $899,376Liabilities 2013: $1,868Net Assets 2013: $897,5082013Assets 2014: $912,997Liabilities 2014: $1,532Net Assets 2014: $911,4652014Assets 2015: $912,309Liabilities 2015: $228Net Assets 2015: $912,0812015Assets 2016: $899,174Liabilities 2016: $13,048Net Assets 2016: $886,1262016Assets 2017: $928,753Liabilities 2017: $2,639Net Assets 2017: $926,1142017Assets 2018: $1,007,754Liabilities 2018: $22,639Net Assets 2018: $985,1152018Assets 2019: $1,183,297Liabilities 2019: $180,044Net Assets 2019: $1,003,2532019Assets 2020: $1,367,925Liabilities 2020: $575,155Net Assets 2020: $792,7702020Assets 2021: $835,990Liabilities 2021: $18,362Net Assets 2021: $817,6282021Assets 2022: $852,431Liabilities 2022: $32,302Net Assets 2022: $820,1292022Assets 2023: $1,243,685Liabilities 2023: $24,235Net Assets 2023: $1,219,4502023Assets 2024: $1,638,447Liabilities 2024: $37,577Net Assets 2024: $1,600,8702024

Highlighted filing

2018

Assets$1,007,754
Liabilities$22,639
Net Assets$985,115

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $326,019Expenses 2011: $314,555Net Income 2011: $11,4642011Revenue 2012: $350,946Expenses 2012: $340,347Net Income 2012: $10,5992012Revenue 2013: $366,603Expenses 2013: $365,273Net Income 2013: $1,3302013Revenue 2014: $385,294Expenses 2014: $371,337Net Income 2014: $13,9572014Revenue 2015: $399,189Expenses 2015: $398,573Net Income 2015: $6162015Revenue 2016: $415,490Expenses 2016: $441,445Net Income 2016: -$25,9552016Revenue 2017: $448,122Expenses 2017: $408,134Net Income 2017: $39,9882017Revenue 2018: $518,696Expenses 2018: $459,695Net Income 2018: $59,0012018Revenue 2019: $483,438Expenses 2019: $465,300Net Income 2019: $18,1382019Revenue 2020: $802,244Expenses 2020: $1,012,727Net Income 2020: -$210,4832020Revenue 2021: $626,121Expenses 2021: $601,263Net Income 2021: $24,8582021Revenue 2022: $574,723Expenses 2022: $572,222Net Income 2022: $2,5012022Revenue 2023: $681,034Expenses 2023: $681,557Net Income 2023: -$5232023Revenue 2024: $1,410,810Expenses 2024: $1,029,390Net Income 2024: $381,4202024

Highlighted filing

2018

Revenue$518,696
Expenses$459,695
Net Income$59,001
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 3, 2019
Return Version
2018v3.1
Gross Receipts
$518,696
Mission and Program Overview

Mission

Serve and support non-profit organizations through the provision of management and other services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$481,225$481,225→ $0
Accounts Receivable$326,964$339,327▲ $12,363
Cash and Non-Interest-Bearing Accounts$118,051$115,509▼ $2,542
Savings and Temporary Cash Investments-$40,342-
Prepaid Expenses and Deferred Charges$2,513$2,156▼ $357
Total Assets$928,753$1,007,754▲ $79,001
Other Assets Total-$29,195-
Liabilities
Accounts Payable and Accrued Expenses$2,639$22,639▲ $20,000
Total Liabilities$2,639$22,639▲ $20,000
Net Assets / Fund Balance
Unrestricted Net Assets$926,114$985,115▲ $59,001
Total Net Assets Fund Balance$926,114$985,115▲ $59,001
Total Liabilities and Net Assets / Fund Balance$928,753$1,007,754▲ $79,001

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$9,987$9,987
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy WismarPresident/trPT$45,771$137,127$182,898
Steve LawDirector/vicPT$61,278$9,935$71,213
Timothy WismarPresident/treas/Director-$45,771$446$46,217
Rev Richard LawDirector--$10,571$10,571
Rev Adolph WismarDirector--$9,704$9,704

Board Members and Trustees

NameTitle
Aaron BurkeDirector
Jon SkovDirector
Komborero ShokoDirector
Marcia BaileyDirector
Rev James KimmellDirector
Lola TomDirector/ Se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$488,060
Investment Income
$30,636
Other Revenue
$0
Change in Net Assets
$59,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$518,696
Total Revenue per Audited Statements
$518,696
Total Revenue per Form 990
$518,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$415,523
Other Expenses$23,536
Grants and Similar Amounts Paid$20,636
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$178,973$110,663-$289,636
Other Employee Benefits$59,199$18,419-$77,618
Pension Plan Contributions$18,675$5,716-$24,391
Payroll Taxes$14,886$8,992-$23,878
Grants to Domestic Orgs$20,636--$20,636
Office Expenses$1,582$3,037-$4,619
Fees for Services Accounting-$4,400-$4,400
Fees for Services Other-$1,844-$1,844
Insurance$355$156-$511
Other Expenses$367$3,466-$367
All Other Expenses-$314-$314
Total Functional Expenses$295,390$164,305$0$459,695

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$459,695
Total Expenses per Audited Statements$459,695
Total Expenses per Form 990$459,695
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Quincy Asian Resources IncQuincy, MA501 C3General Support$8,000
Wollaston Lutheran ChurchQuincy, MA501 C3Ministry Support$5,870
Wollaston Lutheran Church ApartmentQuincy, MA501 C3Obtain Rent Subsidy$5,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Timothy wismar rev. Adolph h. Wismar, jr. Director director father / son rev. Steve law rev. Richard law director director father / son

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the president and treasurer of the board before the return is signed and filed. A complete copy of the form 990 is provided to all other members of the board before the form 990 is filed. However, the timing of their review is at their personal discretion which may be before or after the filing date. Comments and questions are encouraged and could be directed to any other members of the board and/or the paid preparer as desired or deemed necessary.

Form 990, Page 6, Part VI, Line 12C

The board of directors annually review the status of all directors for conflict of interest but the directors are also requested to provide immediate notice of any new conflict of interest during the year.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves the budget of the organization annually. This process includes a detail review and approval of all employee salary and benefits - which represent a material portion of the organizational expenses. The budget approval is recorded within the board minutes.

Form 990, Page 6, Part VI, Line 15B

Same process as the organization's top official.

Form 990, Page 6, Part VI, Line 18

Governing documents and policies, form 990, and financial statements are available upon request.

Form 990, Page 6, Part VI, Line 19

Governing documents and policies, form 990, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Wlc Management Company Inc
EIN
04-3333863
Phone
6177735483
Address
45 BRACKETT, QUINCY, MA 02169

Signing Officer

Name
Timothy Wismar
Title
President/treas/Director
Phone
6177735483
Signed
2019-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Wismar
Formed
1996
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
8
Employees
5
Volunteers
5

Preparer

Firm
Cocio & Richardson
Address
21 FRANKLIN ST 16, QUINCY, MA 02169-4951
Preparer
Brent Richardson
Phone
6177735875
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IRS990/ProgramServiceRevenueGrp/Desc1SOCIAL SERVICES COORDINATOR
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT SERVICES - OTHER
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0399189
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09987
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IRS990ScheduleD/RevenueSubtotalAmt0518696
IRS990ScheduleD/TotalExpensesPerForm990Amt0459695
IRS990ScheduleD/TotalRevenuePerForm990Amt0518696
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MINISTRY SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2OBTAIN RENT SUBSIDY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WOLLASTON LUTHERAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1QUINCY ASIAN RESOURCES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WOLLASTON LUTHERAN CHURCH APARTMENT
IRS990ScheduleI/RecipientTable/RecipientEIN0046000965
IRS990ScheduleI/RecipientTable/RecipientEIN1010556446
IRS990ScheduleI/RecipientTable/RecipientEIN2237036017
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0550 HANCOCK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11509 HANCOCK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2540 HANCOCK STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0QUINCY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1QUINCY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2QUINCY
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0446
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019521
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY WISMAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/TREAS/DIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt046217
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0136681
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0HEALTH CLUB (YMCA) ANNUAL DUES ARE PAID FOR ALL EMPLOYEES OF WLC MANAGEMENT COMPANY INCLUDING THIS EMPLOYEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ANNUAL FORMAL BUDGETS INCLUDING COMPENSATION AND BENEFIT PLANS ARE REVIEWED AND APPROVED BY A COMMON BOARD OF DIRECTORS OF THE ORGANIZATIONS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TIMOTHY WISMAR REV. ADOLPH H. WISMAR, JR. DIRECTOR DIRECTOR FATHER / SON REV. STEVE LAW REV. RICHARD LAW DIRECTOR DIRECTOR FATHER / SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE BOARD BEFORE THE RETURN IS SIGNED AND FILED. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD BEFORE THE FORM 990 IS FILED. HOWEVER, THE TIMING OF THEIR REVIEW IS AT THEIR PERSONAL DISCRETION WHICH MAY BE BEFORE OR AFTER THE FILING DATE. COMMENTS AND QUESTIONS ARE ENCOURAGED AND COULD BE DIRECTED TO ANY OTHER MEMBERS OF THE BOARD AND/OR THE PAID PREPARER AS DESIRED OR DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ANNUALLY REVIEW THE STATUS OF ALL DIRECTORS FOR CONFLICT OF INTEREST BUT THE DIRECTORS ARE ALSO REQUESTED TO PROVIDE IMMEDIATE NOTICE OF ANY NEW CONFLICT OF INTEREST DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE BUDGET OF THE ORGANIZATION ANNUALLY. THIS PROCESS INCLUDES A DETAIL REVIEW AND APPROVAL OF ALL EMPLOYEE SALARY AND BENEFITS - WHICH REPRESENT A MATERIAL PORTION OF THE ORGANIZATIONAL EXPENSES. THE BUDGET APPROVAL IS RECORDED WITHIN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAME PROCESS AS THE ORGANIZATION'S TOP OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND POLICIES, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND POLICIES, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.60$1.41$1.03$0.38
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.22$0.68$0.68$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.03$0.82$0.57$0.57$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.02$0.82$0.63$0.60$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.58$0.79$0.80$1.01$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.18$1.00$0.48$0.47$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$0.52$0.46$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.00$0.93$0.45$0.41$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.01$0.89$0.42$0.44$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.40$0.40$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.39$0.37$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.90$0.00$0.90$0.37$0.37$0.00
2012Summary only. Only limited summary data is available for this year.$0.90$0.01$0.90$0.35$0.34$0.01
2011Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.33$0.31$0.01