Civic Intelligence

Westminster Economic Development Initiative Inc.

990 • Fiscal year 2023 • EIN 20-4230463

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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

43rd percentile

0.20x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.37x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

64%

Higher net margin than 90% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$96,150

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • NTEE S • $10M-$25M nonprofits • Source year 2023

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

113%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Flat

$12,601,013

Flat from 2023

Net Assets

Flat

$10,049,051

Flat from 2023

Liabilities

Flat

$2,551,962

Flat from 2023

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin90th percentile

Revenue

Flat

$6,918,706

Flat from 2023

Expenses

Flat

$2,473,537

Flat from 2023

Net Income

Flat

$4,445,169

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth79th 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 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

2023

Assets$12,601,013
Liabilities$2,551,962
Net Assets$10,049,051
Open 2023 Filing

Operations Trend

Revenue Growth91st 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 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

2023

Revenue$6,918,706
Expenses$2,473,537
Net Income$4,445,169
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$6,944,027
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
Pledges and Grants Receivable$1,293,857$3,221,126▲ $1,927,269
Cash and Non-Interest-Bearing Accounts$2,136,997$933,710▼ $1,203,287
Other Notes and Loans Receivable, Net$197,323$302,684▲ $105,361
Land, Buildings, and Equipment, Net$52,414$52,425▲ $11
Prepaid Expenses and Deferred Charges$15,296$11,876▼ $3,420
Accounts Receivable$114,240$4,310▼ $109,930
Total Assets$10,403,298$12,601,013▲ $2,197,715
Other Assets Total$6,593,171$8,074,882▲ $1,481,711
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,382,523$2,313,193▼ $1,069,330
Accounts Payable and Accrued Expenses$403,915$131,250▼ $272,665
Other Liabilities$952,840$76,643▼ $876,197
Deferred Revenue$55,138$30,876▼ $24,262
Total Liabilities$4,794,416$2,551,962▼ $2,242,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$548,391$9,356,101▲ $8,807,710
Net Assets With Donor Restrictions$5,060,491$692,950▼ $4,367,541
Total Net Assets Fund Balance$5,608,882$10,049,051▲ $4,440,169
Total Liabilities and Net Assets / Fund Balance$10,403,298$12,601,013▲ $2,197,715

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,525$34,575$46,100
Equipment$23,192$19,979$43,171
Other Land Buildings$17,708-$17,708
Other Assets Org$376,004--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolynn WelchExecutive DirectorFT$83,045$13,105$96,150

Board Members and Trustees

NameTitle
Stephen ZengerBoard Member/president
Krista SchwartzottBoard Member/vice President
Betsy MitchellBoard Member
Catherine MarchBoard Member
Concetta FergusonBoard Member
Donna GeneskyBoard Member
Gustavo LimaBoard Member
India DewanBoard Member
Joann BelliottiBoard Member
KATIE O'CONNORBoard Member
Louise SanoBoard Member
Michael KenlineBoard Member
Mimi SteadmanBoard Member
Zelalem GemmedaBoard Member
Melissa WoodsBoard Member (to 6/30/23)
Luke DoniganBoard Member/assist Secretary
Melanie JaskolkaBoard Member/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,714,496
Program Service Revenue
$186,939
Investment Income
$24,756
Other Revenue
$-7,485
All Other Contributions
$3,123,242
Change in Net Assets
$4,445,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,375,970
Other Expenses$1,095,804
Total Fundraising Expense$276,698
Grants and Similar Amounts Paid$1,763
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$768,187$169,500$172,312$1,109,999
Fees for Services Other$132,027$99,769$17,521$249,317
Interest$200,500--$200,500
Office Expenses$60,333$16,700$18,095$95,128
Current Officers, Directors, Trustees, and Key Employees$57,472$12,681$12,892$83,045
Other Employee Benefits$49,967$12,046$12,246$74,259
Occupancy$70,351$1,895$552$72,798
Payroll Taxes$45,500$9,523$9,681$64,704
Travel$53,697$1,025$1,213$55,935
Insurance$37,168$8,961$9,110$55,239
Pension Plan Contributions$29,581$7,132$7,250$43,963
Fees for Services Accounting$20,030$15,137$2,658$37,825
Other Expenses$26,558$2,920$1,072$30,550
Depreciation Depletion$13,047$1,631$1,631$16,309
Fees for Services Legal$5,732$4,332$761$10,825
All Other Expenses$7,353$1,535$1,134$10,022
Information Technology$5,053$1,218$1,238$7,509
Advertising$3,397-$800$4,197
Grants to Domestic Orgs$1,763--$1,763
Total Functional Expenses$1,830,834$366,005$276,698$2,473,537
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,321
Fundraising Gross Income$11,561
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wedifest$98,139$11,561$16,226$-4,665
Total Events$98,139$11,561$25,321$-13,760
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$66,667
Deposits$9,976
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an outside, independent accounting firm. A draft of the form 990 is provided to all voting members of the governing body (board of directors) before filing. The finance committee reviews and approves the form 990 before filing.”

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 15A

“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 18

“The organization's form 990 and form 1023 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Documents are made available for inspection 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
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolynn Welch
Formed
2006
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
58
Volunteers
60

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 132,027. Management and general expenses 99,769. Fundraising expenses 17,521. Total expenses 249,317.”

Form 990, Part XII, Line 2C

“There was no change from the prior year in the audit oversight process or the independent accountant selection process.”

Raw XML AppendixShowing 400 of 647 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0403915
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0131250
IRS990/AccountsReceivableGrp/BOYAmt0114240
IRS990/AccountsReceivableGrp/EOYAmt04310
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FOR ALL RESIDENTS OF WNY TO SUCCEED AND THRIVE IN A CULTURALLY INCLUSIVE COMMUNITY.
IRS990/AdvertisingGrp/FundraisingAmt0800
IRS990/AdvertisingGrp/ProgramServicesAmt03397
IRS990/AdvertisingGrp/TotalAmt04197
IRS990/AllOtherContributionsAmt03123242
IRS990/AllOtherExpensesGrp/FundraisingAmt01134
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01535
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07353
IRS990/AllOtherExpensesGrp/TotalAmt010022
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07163934088
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0436 GRANT STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014213
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02136997
IRS990/CashNonInterestBearingGrp/EOYAmt0933710
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt012892
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt012681
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt057472
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt083045
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt086578
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06714496
IRS990/CYGrantsAndSimilarPaidAmt01763
IRS990/CYInvestmentIncomeAmt024756
IRS990/CYOtherExpensesAmt01095804
IRS990/CYOtherRevenueAmt0-7485
IRS990/CYProgramServiceRevenueAmt0186939
IRS990/CYRevenuesLessExpensesAmt04445169
IRS990/CYSalariesCompEmpBnftPaidAmt01375970
IRS990/CYTotalExpensesAmt02473537
IRS990/CYTotalFundraisingExpenseAmt0276698
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06918706
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt055138
IRS990/DeferredRevenueGrp/EOYAmt030876
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01631
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01631
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013047
IRS990/DepreciationDepletionGrp/TotalAmt016309
IRS990/Desc0COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR AND DOWNTOWN 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05060491
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0692950
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt058
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0796189
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt02658
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015137
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt020030
IRS990/FeesForServicesAccountingGrp/TotalAmt037825
IRS990/FeesForServicesLegalGrp/FundraisingAmt0761
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04332
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05732
IRS990/FeesForServicesLegalGrp/TotalAmt010825
IRS990/FeesForServicesOtherGrp/FundraisingAmt017521
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt099769
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0132027
IRS990/FeesForServicesOtherGrp/TotalAmt0249317
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1713105
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN ZENGER
IRS990/Form990PartVIISectionAGrp/PersonNm1KRISTA SCHWARTZOTT
IRS990/Form990PartVIISectionAGrp/PersonNm2CONCETTA FERGUSON
IRS990/Form990PartVIISectionAGrp/PersonNm3MELANIE JASKOLKA
IRS990/Form990PartVIISectionAGrp/PersonNm4LUKE DONIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOANN BELLIOTTI
IRS990/Form990PartVIISectionAGrp/PersonNm6INDIA DEWAN
IRS990/Form990PartVIISectionAGrp/PersonNm7ZELALEM GEMMEDA
IRS990/Form990PartVIISectionAGrp/PersonNm8DONNA GENESKY
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL KENLINE
IRS990/Form990PartVIISectionAGrp/PersonNm10GUSTAVO LIMA
IRS990/Form990PartVIISectionAGrp/PersonNm11CATHERINE MARCH
IRS990/Form990PartVIISectionAGrp/PersonNm12BETSY MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm13KATIE O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm14LOUISE SANO
IRS990/Form990PartVIISectionAGrp/PersonNm15MIMI STEADMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16MELISSA WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm17CAROLYNN WELCH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1783045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER/ASSIST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER (TO 6/30/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt086578
IRS990/FundraisingDirectExpensesAmt025321
IRS990/FundraisingGrossIncomeAmt011561
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt03504676
IRS990/GrantAmt01763
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01763
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01763
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06944027
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01238
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01218
IRS990/InformationTechnologyGrp/ProgramServicesAmt05053
IRS990/InformationTechnologyGrp/TotalAmt07509
IRS990/InsuranceGrp/FundraisingAmt09110
IRS990/InsuranceGrp/ManagementAndGeneralAmt08961
IRS990/InsuranceGrp/ProgramServicesAmt037168
IRS990/InsuranceGrp/TotalAmt055239
IRS990/InterestGrp/ProgramServicesAmt0200500
IRS990/InterestGrp/TotalAmt0200500
IRS990/InvestmentIncomeGrp/ExclusionAmt024756
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024756
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt054554
IRS990/LandBldgEquipBasisNetGrp/BOYAmt052414
IRS990/LandBldgEquipBasisNetGrp/EOYAmt052425
IRS990/LandBldgEquipCostOrOtherBssAmt0106979
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WEDI STRENGTHENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESOURCES, REMOVING SYSTEMIC BARRIERS TO ECONOMIC EQUITY FOR ALL WESTERN NEW YORKERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03382523
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02313193
IRS990/NetAssetsOrFundBalancesBOYAmt05608882
IRS990/NetAssetsOrFundBalancesEOYAmt010049051
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-13760
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-13760
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0548391
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09356101
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0552
IRS990/OccupancyGrp/ManagementAndGeneralAmt01895
IRS990/OccupancyGrp/ProgramServicesAmt070351
IRS990/OccupancyGrp/TotalAmt072798
IRS990/OfficeExpensesGrp/FundraisingAmt018095
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016700
IRS990/OfficeExpensesGrp/ProgramServicesAmt060333
IRS990/OfficeExpensesGrp/TotalAmt095128
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06593171
IRS990/OtherAssetsTotalGrp/EOYAmt08074882
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012246
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012046
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt049967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt074259
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt06532
IRS990/OtherExpensesGrp/FundraisingAmt11072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02920
IRS990/OtherExpensesGrp/ProgramServicesAmt0109133
IRS990/OtherExpensesGrp/ProgramServicesAmt175187
IRS990/OtherExpensesGrp/ProgramServicesAmt258798
IRS990/OtherExpensesGrp/ProgramServicesAmt326558
IRS990/OtherExpensesGrp/TotalAmt0109133
IRS990/OtherExpensesGrp/TotalAmt175187
IRS990/OtherExpensesGrp/TotalAmt265330
IRS990/OtherExpensesGrp/TotalAmt330550
IRS990/OtherLiabilitiesGrp/BOYAmt0952840
IRS990/OtherLiabilitiesGrp/EOYAmt076643
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt06275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06275
IRS990/OtherRevenueTotalAmt06275
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0172312
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0169500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0768187
IRS990/OtherSalariesAndWagesGrp/TotalAmt01109999
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0197323
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0302684
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09681
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09523
IRS990/PayrollTaxesGrp/ProgramServicesAmt045500
IRS990/PayrollTaxesGrp/TotalAmt064704
IRS990/PensionPlanContributionsGrp/FundraisingAmt07250
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07132
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029581
IRS990/PensionPlanContributionsGrp/TotalAmt043963
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01293857
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03221126
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015296
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011876
IRS990/PrincipalOfficerNm0CAROLYNN WELCH
IRS990/PriorPeriodAdjustmentsAmt0-5000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155398
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225613
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT - PROVIDED 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/ExpenseAmt0708623
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025613
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION, NURTURE, ENCOURAGEMENT, READINESS, AND GROWTH FOR YOUTH (ENERGY), LAUNCH, AND FOCUSED LEARNING FOR YOUTH (FLY) - THE 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/ExpenseAmt0326022
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02979811
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021640
IRS990/PYInvestmentIncomeAmt0-21906
IRS990/PYOtherExpensesAmt0678805
IRS990/PYOtherRevenueAmt0116384
IRS990/PYProgramServiceRevenueAmt0172878
IRS990/PYRevenuesLessExpensesAmt0951436
IRS990/PYSalariesCompEmpBnftPaidAmt01595286
IRS990/PYTotalExpensesAmt02295731
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03247167
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04445169
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,601,013
Liabilities
$2,551,962
Net assets
$10,049,051
Revenue
$6,918,706
Expenses
$2,473,537
Net income
$4,445,169
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
2023Detailed filing. Detailed filing data is available for this year.$12.6$2.55$10.0$6.92$2.47$4.45
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
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