Civic Intelligence

Westminster Economic Development Initiative Inc.

990 • Fiscal year 2020 • EIN 20-4230463

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileWWW.WEDIBUFFALO.ORG

Refreshing map…

436 Grant StreetBuffalo, NY 14213

(716) 393-4088

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.45x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$85,312

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

60th percentile

9.6%

Faster asset growth than 60% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

23%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$2,609,168

Up $229,540 (+9.6%) from 2019

Net Assets

Up

$1,653,629

Up $355,591 (+27%) from 2019

Liabilities

Down

$955,539

Down $126,051 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin67th percentile

Revenue

Up

$2,118,673

Up $402,880 (+23%) from 2019

Expenses

Up

$1,763,082

Up $162,525 (+10%) from 2019

Net Income

Up

$355,591

Up $240,355 (+209%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$15M$10M$5.0M$0Assets 2011: $279,102Liabilities 2011: $5,300Net Assets 2011: $273,8022011Assets 2012: $336,761Liabilities 2012: $8,5262012Assets 2013: $311,889Liabilities 2013: $1,010Net Assets 2013: $310,8792013Assets 2014: $576,375Liabilities 2014: $52,710Net Assets 2014: $523,6652014Assets 2015: $472,754Liabilities 2015: $74,833Net Assets 2015: $397,9212015Assets 2016: $1,040,821Liabilities 2016: $522,489Net Assets 2016: $518,3322016Assets 2017: $1,744,123Liabilities 2017: $884,389Net Assets 2017: $859,7342017Assets 2018: $2,024,093Liabilities 2018: $841,291Net Assets 2018: $1,182,8022018Assets 2019: $2,379,628Liabilities 2019: $1,081,590Net Assets 2019: $1,298,0382019Assets 2020: $2,609,168Liabilities 2020: $955,539Net Assets 2020: $1,653,6292020Assets 2021: $5,287,806Liabilities 2021: $879,669Net Assets 2021: $4,408,1372021Assets 2022: $10,403,298Liabilities 2022: $4,794,416Net Assets 2022: $5,608,8822022Assets 2023: $12,601,013Liabilities 2023: $2,551,962Net Assets 2023: $10,049,0512023Assets 2024: $11,712,530Liabilities 2024: $1,675,296Net Assets 2024: $10,037,2342024

Highlighted filing

2020

Assets$2,609,168
Liabilities$955,539
Net Assets$1,653,629
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $86,003Expenses 2011: $96,478Net Income 2011: -$10,4752011Revenue 2012: $163,271Expenses 2012: $108,838Net Income 2012: $54,4332012Revenue 2013: $140,767Expenses 2013: $158,123Net Income 2013: -$17,3562013Revenue 2014: $538,487Expenses 2014: $330,825Net Income 2014: $207,6622014Revenue 2015: $335,318Expenses 2015: $464,606Net Income 2015: -$129,2882015Revenue 2016: $659,391Expenses 2016: $538,980Net Income 2016: $120,4112016Revenue 2017: $1,095,067Expenses 2017: $753,665Net Income 2017: $341,4022017Revenue 2018: $1,313,235Expenses 2018: $990,167Net Income 2018: $323,0682018Revenue 2019: $1,715,793Expenses 2019: $1,600,557Net Income 2019: $115,2362019Revenue 2020: $2,118,673Expenses 2020: $1,763,082Net Income 2020: $355,5912020Revenue 2021: $4,824,412Expenses 2021: $2,069,904Net Income 2021: $2,754,5082021Revenue 2022: $3,247,167Expenses 2022: $2,295,731Net Income 2022: $951,4362022Revenue 2023: $6,918,706Expenses 2023: $2,473,537Net Income 2023: $4,445,1692023Revenue 2024: $2,171,800Expenses 2024: $2,183,617Net Income 2024: -$11,8172024

Highlighted filing

2020

Revenue$2,118,673
Expenses$1,763,082
Net Income$355,591
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$2,136,237
Mission and Program Overview

Mission

Wedi empowers economically disadvantaged people in buffalo, ny with a primary focus on the west side community.

For all residents of wny to succeed and thrive in a culturally inclusive community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$568,000$949,628▲ $381,628
Pledges and Grants Receivable$624,426$702,636▲ $78,210
Land, Buildings, and Equipment, Net$463,468$569,530▲ $106,062
Other Notes and Loans Receivable, Net$278,695$211,040▼ $67,655
Savings and Temporary Cash Investments$426,511$157,991▼ $268,520
Accounts Receivable$11,892$10,187▼ $1,705
Prepaid Expenses and Deferred Charges$6,636$8,156▲ $1,520
Total Assets$2,379,628$2,609,168▲ $229,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$806,322$738,701▼ $67,621
Accounts Payable and Accrued Expenses$85,781$137,841▲ $52,060
Deferred Revenue$189,487$78,997▼ $110,490
Total Liabilities$1,081,590$955,539▼ $126,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$577,132$1,070,706▲ $493,574
Net Assets With Donor Restrictions$720,906$582,923▼ $137,983
Total Net Assets Fund Balance$1,298,038$1,653,629▲ $355,591
Total Liabilities and Net Assets / Fund Balance$2,379,628$2,609,168▲ $229,540

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$398,680$86,756$485,436
Equipment$9,405$117,126$126,531
Other Land Buildings$122,445-$122,445
Land$39,000-$39,000
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolynn WelchExecutive DirectorFT$80,848$4,464$85,312

Board Members and Trustees

NameTitle
Stephen ZengerPresident
Krista SchwartzottVice President
Catherine MarchDirector
Gustavo LimaDirector
Joann K BelliottiDirector
Jonathan WillcoxDirector
Louise SanoDirector
Melanie JaskolkaDirector
Michael KenlineDirector
Michael KnappDirector
Zelalem GemmedaDirector
Luke DoniganAssistant Secretary
Emily OaksSecretary
Melissa WoodsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cjs ArchitectsConsulting Services755 SENECA ST 1409, Buffalo, NY 14210$110,578
Revenue and Support

Revenue Composition

Contributions and Grants
$1,994,526
Program Service Revenue
$118,699
Investment Income
$0
Other Revenue
$5,448
All Other Contributions
$927,711
Change in Net Assets
$355,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,136,237
Revenue Not Reported on Financial Statements
$-17,564
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-17,564
Total Revenue per Audited Statements
$2,136,237
Total Revenue per Form 990
$2,118,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,121,047
Other Expenses$642,035
Total Fundraising Expense$179,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$671,323$151,234$46,925$869,482
Fees for Services Other$103,376$34,438$60,256$198,070
Current Officers, Directors, Trustees, and Key Employees$34,125$25,594$25,594$85,313
Other Employee Benefits$61,696$15,465$6,342$83,503
Payroll Taxes$61,139$15,325$6,285$82,749
Occupancy$68,471$8,534$4,274$81,279
All Other Expenses$24,959$1,082$7,569$33,610
Insurance$20,995$5,263$2,158$28,416
Office Expenses$20,616$6,051$1,076$27,743
Depreciation Depletion$24,559$1,364$1,364$27,287
Other Expenses$25,194$2,415$2,071$25,194
Information Technology$15,709$3,938$1,615$21,262
Interest$12,371--$12,371
Travel$7,647$1,282$66$8,995
Conferences and Meetings$6,458$1,619$664$8,741
Advertising$3,414-$3,414$6,828
Total Functional Expenses$1,299,541$283,604$179,937$1,763,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,780,646
Expenses per Audited Statements$1,763,082
Total Expenses per Form 990$1,763,082
Expenses Not Reported on Form 990$17,564
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,336
Fundraising Direct Expenses$17,564
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winterfest$139,527$21,336$4,619$16,717
Total Events$139,527$21,336$17,564$3,772
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Part VI, Section B, Line 11B

“The irs form 990 is reviewed in detail by the finance and administration committee of the board of directors. The finance and administration committee then reports at the following directors meeting where a copy is available for inspection. If no meeting is scheduled between the preparation date and the due date, the complete form is distributed through email to all directors for comment.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest disclosures are signed annually by all directors as well as new members joining the board during interim periods. This procedure is a regular agenda item at the annual meeting.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is compared to other local organizations, scaled for appropriate size, and adjusted according to performance reviews. All other employee salaries are at the discretion of the executive director.”

Form 990, Part VI, Section C, Line 19

“Documents are made available for inspections at the administrative offices. Copies can be obtained at the requesting party's expense.”

Filing and Contact Details

Filer

Filer Name
Westminster Economic Development
EIN
20-4230463
Phone
7163934088
Address
436 GRANT STREET, BUFFALO, NY 14213

Signing Officer

Name
Carolynn Welch
Title
Executive Director
Phone
7163934088
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolynn Welch
Formed
2006
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
38
Volunteers
250

Preparer

Firm
Lumsden & Mccormick Llp
Address
369 FRANKLIN STREET, BUFFALO, NY 14202
Preparer
Sarah M Hopkins
Phone
7168563300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 103,376. Management and general expenses 34,438. Fundraising expenses 60,256. Total expenses 198,070.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising events expenses -17,564.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events expenses 17,564.”

Raw XML AppendixShowing 400 of 551 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR - SMALL BUSINESS INCUBATOR LOCATED IN AN ETHNICALLY DIVERSE NEIGHBORHOOD IN A COMMERCIAL DISTRICT IN BUFFALO, NEW YORK. WESTMINISTER ECONOMIC DEVELOPMENT INITIATIVE (WEDI) IS DEDICATED TO OFFERING MERCHANTS A SAFE, NURTURING, AND AFFORDABLE ENVIRONMENT TO GROW THEIR "GRASSROOTS" BUSINESSES. WEDI IS COMMITTED TO OFFERING CLIENTS BUSINESS COACHING, FINANCIAL MENTORING, LOW INTEREST LOANS, NETWORKING/MARKETING OPPORTUNITIES, AND STEADY CUSTOMER TRAFFIC.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0118191
IRS990/FundraisingDirectExpensesAmt017564
IRS990/FundraisingGrossIncomeAmt021336
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0948624
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02136237
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01615
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03938
IRS990/InformationTechnologyGrp/ProgramServicesAmt015709
IRS990/InformationTechnologyGrp/TotalAmt021262
IRS990/InsuranceGrp/FundraisingAmt02158
IRS990/InsuranceGrp/ManagementAndGeneralAmt05263
IRS990/InsuranceGrp/ProgramServicesAmt020995
IRS990/InsuranceGrp/TotalAmt028416
IRS990/InterestGrp/ProgramServicesAmt012371
IRS990/InterestGrp/TotalAmt012371
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt063
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0203882
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0463468
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0569530
IRS990/LandBldgEquipCostOrOtherBssAmt0773412
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt01676
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01676
IRS990/MissionDesc0WEDI STRENGTHENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESCOURCES, REMOVING SYSTEMIC BARRIERS TO ECONOMIC EQUITY FOR ALL WESTERN NEW YORKERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0806322
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0738701
IRS990/NetAssetsOrFundBalancesBOYAmt01298038
IRS990/NetAssetsOrFundBalancesEOYAmt01653629
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03772
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03772
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0577132
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01070706
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04274
IRS990/OccupancyGrp/ManagementAndGeneralAmt08534
IRS990/OccupancyGrp/ProgramServicesAmt068471
IRS990/OccupancyGrp/TotalAmt081279
IRS990/OfficeExpensesGrp/FundraisingAmt01076
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06051
IRS990/OfficeExpensesGrp/ProgramServicesAmt020616
IRS990/OfficeExpensesGrp/TotalAmt027743
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06342
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015465
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt061696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt083503
IRS990/OtherExpensesGrp/Desc0GRANTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/FundraisingAmt010264
IRS990/OtherExpensesGrp/FundraisingAmt12071
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12415
IRS990/OtherExpensesGrp/ProgramServicesAmt0100000
IRS990/OtherExpensesGrp/ProgramServicesAmt111880
IRS990/OtherExpensesGrp/ProgramServicesAmt225609
IRS990/OtherExpensesGrp/ProgramServicesAmt325194
IRS990/OtherExpensesGrp/TotalAmt0100000
IRS990/OtherExpensesGrp/TotalAmt132144
IRS990/OtherExpensesGrp/TotalAmt230095
IRS990/OtherExpensesGrp/TotalAmt325194
IRS990/OtherRevenueTotalAmt01676
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046925
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0151234
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0671323
IRS990/OtherSalariesAndWagesGrp/TotalAmt0869482
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0278695
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0211040
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06285
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015325
IRS990/PayrollTaxesGrp/ProgramServicesAmt061139
IRS990/PayrollTaxesGrp/TotalAmt082749
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0624426
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0702636
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06636
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08156
IRS990/PrincipalOfficerNm0CAROLYNN WELCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt092233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt092233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126466
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT - PROVIDES A COMPREHENSIVE MODEL FOR GENERATING WEALTH FOR MOTIVATED INDIVIDUALS THROUGH THE CREATION OR EXPANSION OF A SMALL BUSINESS. WEDI'S PROGRAM IS UNIQUE IN ITS ABILITY TO PROVIDE A BROAD RANGE OF SERVICES, UTILIZING EXISTING COMMUNITY RESOURCES WHEN AVAILABLE, AND MOLD THE PROCESS TO EACH INDIVIDUAL. THIS IS DONE THROUGH MENTORS, WHO WORK WITH CLIENTS INDIVIDUALLY AND THROUGH PARTNERSHIPS WITH LOCAL ORGANIZATIONS. WEDI CAN PROVIDE A RANGE OF SERVICE FROM BASIC FINANCIAL LITERACY TO SPECIALIZED TRAINING AND TECHNICAL ASSISTANCE. WEDI OFFERS A MICRO LOAN PROGRAM THAT OFFERS SMALL, TARGETED LOANS FOR BUSINESS CREATION OR EXPANSION IN WEDI'S TARGET AREA THAT CAN DIRECTLY RESULT IN INCREASED INCOME AND WEALTH GENERATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0656482
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt026466
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION, NURTURE, ENCOURAGEMENT, READINESS, AND GROWTH FOR YOUTH (ENERGY), LAUNCH, AND FOCUSED LEARNING FOR YOUTH (FLY) - FOCUS OF THESE PROGRAMS IS TO HELP ENGLISH LANGUAGE LEARNERS (ELLS) SPECIFICIALLY STUDENTS WITH INTERRUPTED FORMAL EDUCATION (SIFE) TO IMPROVE MORE QUICKLY ACADEMICALLY AND SOCIALLY THAN THEY WOULD WITHOUT ENERGY, LAUNCH, OR FLY'S INPUT OUTSIDE OF SCHOOL. CHILDREN RECEIVE HOMEWORK AND ACADEMIC SUPPORT, ENJOY A SHARED FAMILY STYLE MEAL AND GAIN ACCESS TO INDIVIDUAL ADULT MENTORS AND TUTORS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0226716
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01476014
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0671858
IRS990/PYOtherRevenueAmt0203127
IRS990/PYProgramServiceRevenueAmt036652
IRS990/PYRevenuesLessExpensesAmt0115236
IRS990/PYSalariesCompEmpBnftPaidAmt0928699
IRS990/PYTotalExpensesAmt01600557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01715793
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0355591
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt092233
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0426511
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0157991
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2016 AMOUNT: $ 41,732. 2017 AMOUNT: $ 88,399. 2018 AMOUNT: $ 124,181. 2019 AMOUNT: $ 96,075. 2020 AMOUNT: $ 5,448.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01994526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01476014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01127760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0900677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0535144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06034121
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0669162
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05448
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt096075
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0124181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt088399
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt041732
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0355835
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78220
IRS990ScheduleA/PublicSupportPY170Pct00.65650
IRS990ScheduleA/PublicSupportTotal170Amt04998485
IRS990ScheduleA/SubstantialContributorsTotAmt01035636
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01994526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01476014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01127760
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0900677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0535144
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06034121
IRS990ScheduleA/TotalSupportAmt06389956
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,609,168
Liabilities
$955,539
Net assets
$1,653,629
Revenue
$2,118,673
Expenses
$1,763,082
Net income
$355,591
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$1.68$10.0$2.17$2.18$0.01
2023Summary only. Only limited summary data is available for this year.$12.6$2.55$10.0$6.92$2.47$4.45
2022Summary only. Only limited summary data is available for this year.$10.4$4.79$5.61$3.25$2.30$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$0.88$4.41$4.82$2.07$2.75
2020Detailed filing. Detailed filing data is available for this year.$2.61$0.96$1.65$2.12$1.76$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.08$1.30$1.72$1.60$0.12
2018Summary only. Only limited summary data is available for this year.$2.02$0.84$1.18$1.31$0.99$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.88$0.86$1.10$0.75$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.52$0.52$0.66$0.54$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.34$0.46$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.05$0.52$0.54$0.33$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.14$0.16$0.02
2012Summary only. Only limited summary data is available for this year.$0.34$0.01$0.16$0.11$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.27$0.09$0.10$0.01