Civic Intelligence

Wespac Foundation Inc.

990 • Fiscal year 2017 • EIN 13-3109400

Sep 01, 2016 to Aug 31, 2017 • Filed on Dec 11, 2017

77 Tarrytown Rd Suite 2WWhite Plains, NY 10607

(914) 449-6514

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

17th percentile

-8.3%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$581,711

Down $52,529 (-8.3%) from 2016

Net Assets

Down

$579,940

Down $54,580 (-8.6%) from 2016

Liabilities

Up

$1,771

Up $2,051 (+733%) from 2016

Revenue

Down

$360,122

Down $187,980 (-34%) from 2016

Expenses

Down

$414,702

Down $189,918 (-31%) from 2016

Net Income

Up

-$54,580

Up $1,938 (+3.4%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $47,020Liabilities 2010: $1,324Net Assets 2010: $45,6962010Assets 2011: $54,041Liabilities 2011: $1,131Net Assets 2011: $52,9102011Assets 2012: $100,481Liabilities 2012: $1,131Net Assets 2012: $99,3502012Assets 2013: $105,411Liabilities 2013: $1,527Net Assets 2013: $103,8842013Assets 2014: $401,982Liabilities 2014: $1,299Net Assets 2014: $400,6832014Assets 2015: $691,850Liabilities 2015: $812Net Assets 2015: $691,0382015Assets 2016: $634,240Liabilities 2016: -$280Net Assets 2016: $634,5202016Assets 2017: $581,711Liabilities 2017: $1,771Net Assets 2017: $579,9402017Assets 2018: $657,043Liabilities 2018: $2,179Net Assets 2018: $654,8642018Assets 2019: $651,098Liabilities 2019: $406Net Assets 2019: $650,6922019Assets 2020: $742,908Liabilities 2020: $776Net Assets 2020: $742,1322020Assets 2021: $1,056,610Liabilities 2021: $387Net Assets 2021: $1,056,2232021Assets 2022: $1,067,676Liabilities 2022: $2,868Net Assets 2022: $1,064,8082022Assets 2023: $1,665,048Liabilities 2023: $2,959Net Assets 2023: $1,662,0892023Assets 2024: $2,042,691Liabilities 2024: $1,114,169Net Assets 2024: $928,5222024

Highlighted filing

2017

Assets$581,711
Liabilities$1,771
Net Assets$579,940

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $115,5172010Revenue 2011: $136,894Expenses 2011: $129,364Net Income 2011: $7,5302011Expenses 2012: $180,1412012Revenue 2013: $311,213Expenses 2013: $306,679Net Income 2013: $4,5342013Revenue 2014: $677,548Expenses 2014: $380,749Net Income 2014: $296,7992014Revenue 2015: $1,126,472Expenses 2015: $836,117Net Income 2015: $290,3552015Revenue 2016: $548,102Expenses 2016: $604,620Net Income 2016: -$56,5182016Revenue 2017: $360,122Expenses 2017: $414,702Net Income 2017: -$54,5802017Revenue 2018: $423,299Expenses 2018: $349,974Net Income 2018: $73,3252018Revenue 2019: $417,953Expenses 2019: $423,897Net Income 2019: -$5,9442019Revenue 2020: $411,082Expenses 2020: $319,642Net Income 2020: $91,4402020Revenue 2021: $635,678Expenses 2021: $321,589Net Income 2021: $314,0892021Revenue 2022: $1,071,720Expenses 2022: $1,063,135Net Income 2022: $8,5852022Revenue 2023: $2,379,650Expenses 2023: $1,783,917Net Income 2023: $595,7332023Revenue 2024: $3,988,831Expenses 2024: $3,709,621Net Income 2024: $279,2102024

Highlighted filing

2017

Revenue$360,122
Expenses$414,702
Net Income-$54,580
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$360,122
Mission and Program Overview

Mission

Current affairs education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$634,520$579,940▼ $54,580
Investments Other Securities$309,564$336,627▲ $27,063
Cash and Non-Interest-Bearing Accounts$324,376$244,784▼ $79,592
Accounts Receivable$300$300→ $0
Total Assets$634,240$581,711▼ $52,529
Liabilities
Other Liabilities$-280$1,771▲ $2,051
Total Liabilities$-280$1,771▲ $2,051
Net Assets / Fund Balance
Total Net Assets Fund Balance$634,520$579,940▼ $54,580
Total Liabilities and Net Assets / Fund Balance$634,240$581,711▼ $52,529

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$336,627--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Teresa DelgadoPresident
Ema FroningBoard Member
Gayle DunkelbergerBoard Member
Jeanne ShawBoard Member
Latifa WilliamsBoard Member
Marina GuvencBoard Member
Roberta SiegelbaumBoard Member
Roger DrewBoard Secretary
Delia MarxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,782
Program Service Revenue
$-7,778
Investment Income
$5,134
Other Revenue
$109,984
All Other Contributions
$252,782
Change in Net Assets
$-54,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$360,122
Total Revenue per Audited Statements
$360,122
Total Revenue per Form 990
$360,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,128
Salaries, Compensation, and Employee Benefits$56,574
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$32,329$102,700-$135,029
Conferences and Meetings$104,246--$104,246
Other Salaries and Wages$39,565$13,188-$52,753
Office Expenses$28,379$9,460-$37,839
Other Expenses$10,075$2,625-$12,700
Fees for Services Accounting-$4,600-$4,600
Payroll Taxes$2,865$956-$3,821
Total Functional Expenses$279,853$134,849$0$414,702

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$414,702
Total Expenses per Audited Statements$414,702
Total Expenses per Form 990$414,702
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payable$1,771
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

Members have the right to elect or appoint additional members of the governing body

Governing body decisions Part VI line 7B

Members have the right to approve governing body decisions

Form 990 governing body review Part VI line 11

Governing body review-done

Governing documents etc available to public Part VI line 19

Governing documents available to public

Filing and Contact Details

Filer

Filer Name
Wespac Foundation Inc
EIN
13-3109400
Address
77 TARRYTOWN RD SUITE 2W, White Plains, NY 10607

Signing Officer

Name
Teresa Delgado
Title
President
Phone
9144496514
Signed
2017-12-11
Discuss with paid preparer
No

Organization Details

Formed
1974
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
1

Preparer

Firm
Bala Krishnamurti Inc
Address
7 Nedley Lane, Greenwich, CT 06831
Preparer
Bala Krishnamurti CPA
Phone
4135223366
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Pt iii, line 2 - nopt v, line 3b - nopt vi, line 3b - nopt xii, line 1 cashpt xii, line 2c - nopt vi, line 7b - yespt vi, line 4 - nopt xii, line 3b - nopt vi, line 11b - audited by hudson valley cpas

List of other expenses Part IX line 24E

Pt vi, line 11b - audited by hudson valley cpas

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03483
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013440
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99390
IRS990ScheduleA/PublicSupportPY509Pct00.99610
IRS990ScheduleA/PublicSupportTotal509Amt02180587
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0252782
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0411850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0733099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0491032
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0291824
IRS990ScheduleA/Total509Grp/TotalAmt02180587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0257917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0415333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0736848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0492105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0291824
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02194027
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0414702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0336627
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS- AXIOM CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt0360122
IRS990ScheduleD/TotalBookValueSecuritiesAmt0336627
IRS990ScheduleD/TotalExpensesPerForm990Amt0414702
IRS990ScheduleD/TotalLiabilityAmt01771
IRS990ScheduleD/TotalRevenuePerForm990Amt0360122
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0360122
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0414702
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS HAVE THE RIGHT TO ELECT OR APPOINT ADDITIONAL MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE RIGHT TO APPROVE GOVERNING BODY DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BODY REVIEW-DONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PT III, LINE 2 - NOPT V, LINE 3B - NOPT VI, LINE 3B - NOPT XII, LINE 1 CASHPT XII, LINE 2C - NOPT VI, LINE 7B - YESPT VI, LINE 4 - NOPT XII, LINE 3B - NOPT VI, LINE 11B - AUDITED BY HUDSON VALLEY CPAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PT VI, LINE 11B - AUDITED BY HUDSON VALLEY CPAS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0634240
IRS990/TotalAssetsEOYAmt0581711
IRS990/TotalAssetsGrp/BOYAmt0634240
IRS990/TotalAssetsGrp/EOYAmt0581711
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0252782
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0134849
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279853
IRS990/TotalFunctionalExpensesGrp/TotalAmt0414702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-280
IRS990/TotalLiabilitiesEOYAmt01771
IRS990/TotalLiabilitiesGrp/BOYAmt0-280
IRS990/TotalLiabilitiesGrp/EOYAmt01771
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0634520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579940
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0279853
IRS990/TotalProgramServiceRevenueAmt0-7778
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0360122
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0634240
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0581711
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA DELGADO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09144496514
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESPAC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WESP
ReturnHeader/Filer/EIN0133109400
ReturnHeader/Filer/USAddress/AddressLine1Txt077 TARRYTOWN RD SUITE 2W
ReturnHeader/Filer/USAddress/CityNm0White Plains
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010607
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01521A47E652BA4C44866A9AF33E899E4020B0F00
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01521A47E652BA4C44866A9AF33E899E4020B0F00
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId006260220173462j52bat
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-12-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.226.132.230
ReturnHeader/FilingSecurityInformation/IPDt02017-12-12
ReturnHeader/FilingSecurityInformation/IPTm010:44:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472722445
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bala Krishnamurti Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 Nedley Lane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenwich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006831
ReturnHeader/PreparerPersonGrp/PhoneNum04135223366
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bala Krishnamurti CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-11T13:10:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$1.11$0.93$3.99$3.71$0.28
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.66$2.38$1.78$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.06$1.07$1.06$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.64$0.32$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.41$0.32$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.42$0.42$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.65$0.42$0.35$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.36$0.41$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.00$0.63$0.55$0.60$0.06
2015Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$1.13$0.84$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.68$0.38$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.10$0.31$0.31$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.18
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.14$0.13$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.12