Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
EIN 37-1704890 • 501(c)3 • Bowie, MD
Profile
WETATi Academy is a practical entrepreneurship education nonprofit organization, located at and in partnership with Nyumburu Cultural Center, University of Maryland, College Park. Our mission is to educate and empower low- to-moderate income students, K-12 focus 10-25 years old through practical and experiential activities. Continued Sched O.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
67th percentile
Higher debt load relative to revenue than 67% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 24.9% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Assets
Up$152,029
Up $12,734 (+9.1%) from 2023
Liabilities
Down$2,250
Down $250 (-10%) from 2023
Net Assets
Up$149,779
Up $12,984 (+9.5%) from 2023
Revenue
Up$360,093
Up $156,431 (+77%) from 2023
Expenses
Up$347,979
Up $91,961 (+36%) from 2023
Net Income
Up$12,114
Up $64,470 (+123%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Women Enpowerment
WETATi Academy is a non-profit community-based educational and economic empowerment network organization.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $111,061 | $152,029 | ▲ $40,968 |
| Accounts Receivable | $28,234 | - | - |
| Total Assets | $139,295 | $152,029 | ▲ $12,734 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $2,500 | $2,250 | ▼ $250 |
| Total Liabilities | $2,500 | $2,250 | ▼ $250 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $136,795 | $149,779 | ▲ $12,984 |
| Total Net Assets Fund Balance | $136,795 | $149,779 | ▲ $12,984 |
| Total Liabilities and Net Assets / Fund Balance | $139,295 | $152,029 | ▲ $12,734 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Ambassador Dr Margaret Dureke | Founder, President, CEO | FT | $89,500 | $89,500 |
| Name | Title |
|---|---|
| Alphonso N Pearson Jr | Board Member |
| Angela Seay | Board Member |
| Anne Reese Carswell | Board Member |
| Courtney Green-Finklea | Board Member |
| Deepa Deshpande MS MBIOT PMP | Board Member |
| Gabrielle Furr | Board Member |
| Jeanna Pryor | Board Member |
| Jimmie Jones | Board Member |
| Kelly Vaughn | Board Member |
| Richard Ojuri | Board Member |
| Joanna Chambers | Chief Financial Officer |
| Line Item | Amount |
|---|---|
| Other Expenses | $177,878 |
| Salaries, Compensation, and Employee Benefits | $170,101 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $89,500 | - | - | $89,500 |
| Other Salaries and Wages | $80,601 | - | - | $80,601 |
| Fees for Services Other | $59,813 | - | - | $59,813 |
| Conferences and Meetings | $22,765 | - | - | $22,765 |
| Office Expenses | - | $12,480 | - | $12,480 |
| Other Expenses | $6,750 | - | - | $6,750 |
| Occupancy | - | $6,750 | - | $6,750 |
| Information Technology | - | $6,120 | - | $6,120 |
| Insurance | $4,909 | - | - | $4,909 |
| Advertising | $200 | $2,565 | - | $2,765 |
| Fees for Services Accounting | - | $2,000 | - | $2,000 |
| Total Functional Expenses | $318,064 | $29,915 | $0 | $347,979 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Student Recruitment, scholarships and awards. WETATi provides entrepreneurship education, idea pitch competition, leadership and creative thinking programs to K-12 students, college students and millennials. WETATi targets youth and young adults who lack the resources to succeed in mainstream society.”
“In 2024, WETATi Academy continued its mission to empower youth, young adults, communities, and small businesses through education, entrepreneurship, and leadership development. Since its founding in 2012, the Academy has served more than 27,400 individuals, with significant progress made in expanding our impact over the past year.”
“This year, we successfully expanded our programs into more community schools, deepening our engagement with underserved youth and extending access to our signature training and mentoring services. We also refined our business model, allowing us to operate more efficiently and position the organization for future growth and sustainability.”
“Since its inception, WETATi Academy has awarded over 115,000 in scholarships, seed funding for student-led businesses, and internship stipends. A testament to our commitment to removing financial barriers to success and fostering real-world economic opportunities for our participants.”
“In 2024, our Executive Director was featured on Voice of America, representing WETATi Academy on a global platform and bringing national attention to our mission and impact. Additionally, we welcomed two new strategic funding and business partners, strengthening our network of supporters and collaborators. We also onboarded two exceptional new board members, whose expertise and passion will help guide WETATi vision forward.”
“Together, these accomplishments reflect a year of continued growth, innovation, and impact as WETATi Academy remains committed to transforming lives through practical education and empowerment.”
“Other fees include contractor fees”
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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2250 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 28234 |
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| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | WETATi Academy is a non-profit community-based educational and economic empowerment network organization. |
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| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 2565 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 200 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2765 |
| IRS990/AllOtherContributionsAmt | 0 | 337593 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 0 |
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| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3013266468 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6304 SOMERSET ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RIVERDALE |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 22765 |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 360093 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 177878 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 12114 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 170101 |
| IRS990/CYTotalExpensesAmt | 0 | 347979 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 360093 |
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| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | WETATi Entrepreneurship STEM - E-STEM education explores and teaches the entrepreneurial aspect of STEM E-STEM, so that the students STEMPRENEURS can begin early to learn how to monetize and leverage their scientific ideas or and prepare them for the 21st century workforce in any field of their choosing. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | WETATI ACADEMY INC |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 2000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2000 |
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| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 59813 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 59813 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 001.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Jimmie Jones |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Deepa Deshpande MS MBIOT PMP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Anne Reese Carswell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Jeanna Pryor |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Courtney Green-Finklea |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Gabrielle Furr |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Kelly Vaughn |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Alphonso N Pearson Jr |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Richard Ojuri |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Angela Seay |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JOANNA CHAMBERS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 89500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Founder, President, CEO |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | CHIEF FINANCIAL OFFICER |
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| IRS990/FormationYr | 0 | 2012 |
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| IRS990/MissionDesc | 0 | WETATi Academy is a practical entrepreneurship education nonprofit organization, located at and in partnership with Nyumburu Cultural Center, University of Maryland, College Park. Our mission is to educate and empower low- to-moderate income students, K-12 focus 10-25 years old through practical and experiential activities. Continued Sched O. |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 149779 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 149779 |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 12480 |
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| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM STEM, CYBER, ETC |
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| IRS990/OtherExpensesGrp/Desc | 2 | PROGRAM EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | MARKETING AND OUTREACH |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 23782 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 24975 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4769 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 6750 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 23782 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 24975 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4769 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 6750 |
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| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 80601 |
| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | MARGARET N DUREKE |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 870 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 15240 |
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| IRS990/PYOtherExpensesAmt | 0 | 93685 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -52356 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 145463 |
| IRS990/PYTotalExpensesAmt | 0 | 256018 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 1630 |
| IRS990/PYTotalRevenueAmt | 0 | 203662 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Program Service Expenses 0, Grants and allocations 0, Revenue 0 Student Recruitment, scholarships and awards. WETATi provides entrepreneurship education, idea pitch competition, leadership and creative thinking programs to K-12 students, college students and millennials. WETATi targets youth and young adults who lack the resources to succeed in mainstream society. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | In 2024, WETATi Academy continued its mission to empower youth, young adults, communities, and small businesses through education, entrepreneurship, and leadership development. Since its founding in 2012, the Academy has served more than 27,400 individuals, with significant progress made in expanding our impact over the past year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | This year, we successfully expanded our programs into more community schools, deepening our engagement with underserved youth and extending access to our signature training and mentoring services. We also refined our business model, allowing us to operate more efficiently and position the organization for future growth and sustainability. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Since its inception, WETATi Academy has awarded over 115,000 in scholarships, seed funding for student-led businesses, and internship stipends. A testament to our commitment to removing financial barriers to success and fostering real-world economic opportunities for our participants. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | In 2024, our Executive Director was featured on Voice of America, representing WETATi Academy on a global platform and bringing national attention to our mission and impact. Additionally, we welcomed two new strategic funding and business partners, strengthening our network of supporters and collaborators. We also onboarded two exceptional new board members, whose expertise and passion will help guide WETATi vision forward. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Together, these accomplishments reflect a year of continued growth, innovation, and impact as WETATi Academy remains committed to transforming lives through practical education and empowerment. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | OTHER FEES INCLUDE CONTRACTOR FEES |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part III, Line 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, Line 11G |
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