Civic Intelligence

Women Empowered to Achieve the Impo

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.

4808 Briercrest CTBowie, MD 20720

wetati.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.01x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

53rd percentile

3.4%

Higher net margin than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$89,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 24.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

67th percentile

9.1%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

77%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2013: $443Liabilities 2013: $0Net Assets 2013: $4432013Assets 2018: $30,077Liabilities 2018: $0Net Assets 2018: $30,0772018Assets 2019: $16,461Liabilities 2019: $0Net Assets 2019: $16,4612019Assets 2020: $45,207Liabilities 2020: $0Net Assets 2020: $45,2072020Assets 2021: $106,224Liabilities 2021: $0Net Assets 2021: $106,2242021Assets 2022: $202,505Liabilities 2022: $750Net Assets 2022: $201,7552022Assets 2023: $139,295Liabilities 2023: $2,500Net Assets 2023: $136,7952023Assets 2024: $152,029Liabilities 2024: $2,250Net Assets 2024: $149,7792024

Highlighted filing

2024

Assets$152,029
Liabilities$2,250
Net Assets$149,779

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2013: $56,603Expenses 2013: $47,246Net Income 2013: $9,3572013Revenue 2018: $101,866Expenses 2018: $71,021Net Income 2018: $30,8452018Revenue 2019: $88,602Expenses 2019: $98,719Net Income 2019: -$10,1172019Revenue 2020: $103,339Expenses 2020: $74,593Net Income 2020: $28,7462020Revenue 2021: $155,203Expenses 2021: $94,186Net Income 2021: $61,0172021Revenue 2022: $255,506Expenses 2022: $159,975Net Income 2022: $95,5312022Revenue 2023: $203,662Expenses 2023: $256,018Net Income 2023: -$52,3562023Revenue 2024: $360,093Expenses 2024: $347,979Net Income 2024: $12,1142024

Highlighted filing

2024

Revenue$360,093
Expenses$347,979
Net Income$12,114

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 26, 2025
Return Version
2024v5.2
Gross Receipts
$360,093
Mission and Program Overview

Mission

Women Enpowerment

WETATi Academy is a non-profit community-based educational and economic empowerment network organization.

Balance Sheet Detail
LineBeginningEndChange
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ambassador Dr Margaret DurekeFounder, President, CEOFT$89,500$89,500

Board Members and Trustees

NameTitle
Alphonso N Pearson JrBoard Member
Angela SeayBoard Member
Anne Reese CarswellBoard Member
Courtney Green-FinkleaBoard Member
Deepa Deshpande MS MBIOT PMPBoard Member
Gabrielle FurrBoard Member
Jeanna PryorBoard Member
Jimmie JonesBoard Member
Kelly VaughnBoard Member
Richard OjuriBoard Member
Joanna ChambersChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$360,093
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$337,593
Change in Net Assets
$12,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Wetati Academy Inc
EIN
37-1704890
Phone
3013266468
Address
4808 BRIERCREST CT, BOWIE, MD 20720
Doing Business As
Wetati Academy Inc

Signing Officer

Name
Margaret N Dureke
Title
President
Phone
3013266468
Signed
2025-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret N Dureke
Formed
2012
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Denise Hovington LLC CPA
Address
15435 BALD EAGLE LANE, WOODBRIDGE, VA 22191
Preparer
Ellen D Hovington
Phone
7032098112
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

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.

Form 990, Part III, Line 4D

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.

Form 990, Part III, Line 4D

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.

Form 990, Part III, Line 4D

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.

Form 990, Part III, Line 4D

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.

Form 990, Part III, Line 4D

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.

Form 990, Part IX, Line 11G

Other fees include contractor fees

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program 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/ExplanationTxt1In 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/ExplanationTxt2This 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/ExplanationTxt3Since 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/ExplanationTxt4In 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/ExplanationTxt5Together, 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/ExplanationTxt6OTHER FEES INCLUDE CONTRACTOR FEES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11G
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