Civic Intelligence

Westminster Economic Development Initiative Inc.

990 • Fiscal year 2021 • EIN 20-4230463

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

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

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.18x

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

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Net Margin

96th percentile

57%

Higher net margin than 96% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$99,462

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Asset Growth

97th percentile

103%

Faster asset growth than 97% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

128%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$5,287,806

Up $2,678,638 (+103%) from 2020

Net Assets

Up

$4,408,137

Up $2,754,508 (+167%) from 2020

Liabilities

Down

$879,669

Down $75,870 (-7.9%) from 2020

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin96th percentile

Revenue

Up

$4,824,412

Up $2,705,739 (+128%) from 2020

Expenses

Up

$2,069,904

Up $306,822 (+17%) from 2020

Net Income

Up

$2,754,508

Up $2,398,917 (+675%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2021

Assets$5,287,806
Liabilities$879,669
Net Assets$4,408,137
Open 2021 Filing

Operations Trend

Revenue Growth96th 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

2021

Revenue$4,824,412
Expenses$2,069,904
Net Income$2,754,508
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$4,854,301
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$949,628$2,721,536▲ $1,771,908
Pledges and Grants Receivable$702,636$1,446,527▲ $743,891
Land, Buildings, and Equipment, Net$569,530$805,497▲ $235,967
Savings and Temporary Cash Investments$157,991$173,043▲ $15,052
Other Notes and Loans Receivable, Net$211,040$120,626▼ $90,414
Prepaid Expenses and Deferred Charges$8,156$14,210▲ $6,054
Accounts Receivable$10,187$6,367▼ $3,820
Total Assets$2,609,168$5,287,806▲ $2,678,638
Liabilities
Mortgage Notes Payable Secured by Investment Property$738,701$649,969▼ $88,732
Accounts Payable and Accrued Expenses$137,841$147,080▲ $9,239
Deferred Revenue$78,997$82,620▲ $3,623
Total Liabilities$955,539$879,669▼ $75,870
Net Assets / Fund Balance
Net Assets With Donor Restrictions$582,923$3,434,374▲ $2,851,451
Net Assets Without Donor Restrictions$1,070,706$973,763▼ $96,943
Total Net Assets Fund Balance$1,653,629$4,408,137▲ $2,754,508
Total Liabilities and Net Assets / Fund Balance$2,609,168$5,287,806▲ $2,678,638

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$376,291$102,215$478,506
Other Land Buildings$377,192-$377,192
Equipment$13,014$105,067$118,081
Land$39,000-$39,000
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolynn WelchExecutive DirectorFT$90,600$8,862$99,462

Board Members and Trustees

NameTitle
Stephen ZengerPresident
Krista SchwartzottVice President
Betsy MitchellDirector
Cameron AirhartDirector
Catherine MarchDirector
Gustavo LimaDirector
Herb CourtneyDirector
Joann K BelliottiDirector
Jonathan WillcoxDirector
KATIE O'CONNERDirector
Louise SanoDirector
Melanie JaskolkaDirector
Michael KenlineDirector
Michael KnappDirector
Mimi SteadmanDirector
Nadine YousefDirector
Zelalem GemmedaDirector
Luke DoniganAssistant Secretary
Emily OaksSecretary
Melissa WoodsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cjs ArchitectsArchitecture Services755 SENECA ST 1409, Buffalo, NY 14210$107,070
Revenue and Support

Revenue Composition

Contributions and Grants
$4,714,674
Program Service Revenue
$138,400
Investment Income
$-7,091
Other Revenue
$-21,571
All Other Contributions
$3,836,164
Change in Net Assets
$2,754,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,847,210
Revenue Not Reported on Financial Statements
$-22,798
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-22,798
Total Revenue per Audited Statements
$4,847,210
Total Revenue per Form 990
$4,824,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,457,167
Other Expenses$612,737
Total Fundraising Expense$367,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$857,515$149,970$155,967$1,163,452
Fees for Services Other$124,200$10,726$69,590$204,516
Payroll Taxes$78,976$14,704$16,021$109,701
Current Officers, Directors, Trustees, and Key Employees$49,731$19,892$29,839$99,462
Other Employee Benefits$62,820$10,749$10,983$84,552
Occupancy$68,263$5,844$1,867$75,974
Office Expenses$38,525$9,344$9,269$57,138
Advertising$26,880-$5,927$32,807
Information Technology$19,445$4,472$3,093$27,010
Travel$25,398-$1,553$26,951
Depreciation Depletion$24,104$2,678-$26,782
Insurance$14,315$3,292$2,277$19,884
Interest$16,840--$16,840
All Other Expenses$16,197--$16,197
Other Expenses$13,157$1,462$7,886$14,619
Conferences and Meetings$3,465$797$551$4,813
Total Functional Expenses$1,465,833$236,901$367,170$2,069,904

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,092,702
Expenses per Audited Statements$2,069,904
Total Expenses per Form 990$2,069,904
Expenses Not Reported on Form 990$22,798
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 Direct Expenses$22,798
Fundraising Gross Income$896
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winterfest$85,531$896-$896
Total Events$85,531$896$22,798$-21,902
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
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolynn Welch
Formed
2006
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
50
Volunteers
76

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 XII, LINE 2C:

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

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising events expenses -22,798.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events expenses 22,798.”

Raw XML AppendixShowing 400 of 592 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2090600
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt084635
IRS990/FundraisingDirectExpensesAmt022798
IRS990/FundraisingGrossIncomeAmt0896
IRS990/GainOrLossGrp/OtherAmt0-7091
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt0793875
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04854301
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03093
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04472
IRS990/InformationTechnologyGrp/ProgramServicesAmt019445
IRS990/InformationTechnologyGrp/TotalAmt027010
IRS990/InsuranceGrp/FundraisingAmt02277
IRS990/InsuranceGrp/ManagementAndGeneralAmt03292
IRS990/InsuranceGrp/ProgramServicesAmt014315
IRS990/InsuranceGrp/TotalAmt019884
IRS990/InterestGrp/ProgramServicesAmt016840
IRS990/InterestGrp/TotalAmt016840
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0146
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0207282
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0569530
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0805497
IRS990/LandBldgEquipCostOrOtherBssAmt01012779
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07091
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0331
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0331
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/BOYAmt0738701
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0649969
IRS990/NetAssetsOrFundBalancesBOYAmt01653629
IRS990/NetAssetsOrFundBalancesEOYAmt04408137
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7091
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7091
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-21902
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-21902
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01070706
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0973763
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01867
IRS990/OccupancyGrp/ManagementAndGeneralAmt05844
IRS990/OccupancyGrp/ProgramServicesAmt068263
IRS990/OccupancyGrp/TotalAmt075974
IRS990/OfficeExpensesGrp/FundraisingAmt09269
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09344
IRS990/OfficeExpensesGrp/ProgramServicesAmt038525
IRS990/OfficeExpensesGrp/TotalAmt057138
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010983
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010749
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062820
IRS990/OtherEmployeeBenefitsGrp/TotalAmt084552
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt051337
IRS990/OtherExpensesGrp/FundraisingAmt11010
IRS990/OtherExpensesGrp/FundraisingAmt27886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01195
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11776
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21462
IRS990/OtherExpensesGrp/ProgramServicesAmt0-3793
IRS990/OtherExpensesGrp/ProgramServicesAmt121158
IRS990/OtherExpensesGrp/ProgramServicesAmt28637
IRS990/OtherExpensesGrp/ProgramServicesAmt313157
IRS990/OtherExpensesGrp/TotalAmt047544
IRS990/OtherExpensesGrp/TotalAmt123363
IRS990/OtherExpensesGrp/TotalAmt218299
IRS990/OtherExpensesGrp/TotalAmt314619
IRS990/OtherRevenueTotalAmt0331
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0155967
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0149970
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0857515
IRS990/OtherSalariesAndWagesGrp/TotalAmt01163452
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0211040
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0120626
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016021
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014704
IRS990/PayrollTaxesGrp/ProgramServicesAmt078976
IRS990/PayrollTaxesGrp/TotalAmt0109701
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0702636
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01446527
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014210
IRS990/PrincipalOfficerNm0CAROLYNN WELCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111585
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126815
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/ExpenseAmt0728198
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt026815
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/ExpenseAmt0315884
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01994526
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0642035
IRS990/PYOtherRevenueAmt05448
IRS990/PYProgramServiceRevenueAmt0118699
IRS990/PYRevenuesLessExpensesAmt0355591
IRS990/PYSalariesCompEmpBnftPaidAmt01121047
IRS990/PYTotalExpensesAmt01763082
IRS990/PYTotalProfFndrsngExpnsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,287,806
Liabilities
$879,669
Net assets
$4,408,137
Revenue
$4,824,412
Expenses
$2,069,904
Net income
$2,754,508
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
2021Detailed filing. Detailed filing data is available for this year.$5.29$0.88$4.41$4.82$2.07$2.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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