Civic Intelligence

Waypoint Services for Women Children and Families

990 • Fiscal year 2017 • EIN 42-0680307

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 29, 2018

318 Fifth Street SECedar Rapids, IA 52401

(319) 365-1458

Siviq Scores

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

Liabilities / Assets

40th percentile

0.09x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.13x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

35th percentile

-0.5%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

47th percentile

2.9%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

2.4%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,893,659

Up $247,739 (+2.9%) from 2016

Net Assets

Up

$8,073,535

Up $207,623 (+2.6%) from 2016

Liabilities

Up

$820,124

Up $40,116 (+5.1%) from 2016

Revenue

Up

$6,099,137

Up $145,414 (+2.4%) from 2016

Expenses

Down

$6,130,457

Down $121,758 (-1.9%) from 2016

Net Income

Up

-$31,320

Up $267,172 (+90%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,228,298Liabilities 2011: $997,542Net Assets 2011: $6,230,7562011Assets 2012: $8,363,923Liabilities 2012: $1,317,525Net Assets 2012: $7,046,3982012Assets 2014: $8,964,357Liabilities 2014: $854,176Net Assets 2014: $8,110,1812014Assets 2015: $9,013,308Liabilities 2015: $820,776Net Assets 2015: $8,192,5322015Assets 2016: $8,645,920Liabilities 2016: $780,008Net Assets 2016: $7,865,9122016Assets 2017: $8,893,659Liabilities 2017: $820,124Net Assets 2017: $8,073,5352017Assets 2018: $9,270,955Liabilities 2018: $780,453Net Assets 2018: $8,490,5022018Assets 2019: $8,791,644Liabilities 2019: $389,146Net Assets 2019: $8,402,4982019Assets 2020: $12,622,554Liabilities 2020: $1,596,633Net Assets 2020: $11,025,9212020Assets 2021: $14,189,053Liabilities 2021: $1,550,689Net Assets 2021: $12,638,3642021Assets 2022: $13,237,865Liabilities 2022: $591,324Net Assets 2022: $12,646,5412022Assets 2023: $12,059,884Liabilities 2023: $305,384Net Assets 2023: $11,754,5002023Assets 2024: $12,123,902Liabilities 2024: $248,322Net Assets 2024: $11,875,5802024

Highlighted filing

2017

Assets$8,893,659
Liabilities$820,124
Net Assets$8,073,535

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,484,9232011Expenses 2012: $4,574,4442012Revenue 2014: $6,117,934Expenses 2014: $5,569,369Net Income 2014: $548,5652014Revenue 2015: $5,854,722Expenses 2015: $5,835,117Net Income 2015: $19,6052015Revenue 2016: $5,953,723Expenses 2016: $6,252,215Net Income 2016: -$298,4922016Revenue 2017: $6,099,137Expenses 2017: $6,130,457Net Income 2017: -$31,3202017Revenue 2018: $6,236,234Expenses 2018: $6,025,624Net Income 2018: $210,6102018Revenue 2019: $5,775,526Expenses 2019: $5,992,000Net Income 2019: -$216,4742019Revenue 2020: $8,444,488Expenses 2020: $5,885,035Net Income 2020: $2,559,4532020Revenue 2021: $7,795,520Expenses 2021: $6,925,948Net Income 2021: $869,5722021Revenue 2022: $8,326,073Expenses 2022: $7,847,765Net Income 2022: $478,3082022Revenue 2023: $6,606,142Expenses 2023: $7,791,384Net Income 2023: -$1,185,2422023Revenue 2024: $9,194,280Expenses 2024: $9,443,853Net Income 2024: -$249,5732024

Highlighted filing

2017

Revenue$6,099,137
Expenses$6,130,457
Net Income-$31,320
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 29, 2018
Return Version
2016v3.1
Gross Receipts
$6,142,536
Mission and Program Overview

Mission

Waypoint inspires people to move forward

Waypoint provides shelter and support for those in crisis due to homelessness, poverty, or domestic violence. It also provides quality child care to over 500 children daily of all socio-economic levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,996,668$4,882,593▼ $114,075
Investments in Publicly Traded Securities$2,517,356$2,880,074▲ $362,718
Pledges and Grants Receivable$903,368$869,672▼ $33,696
Cash and Non-Interest-Bearing Accounts$121,920$117,121▼ $4,799
Accounts Receivable$17,002$35,730▲ $18,728
Prepaid Expenses and Deferred Charges$17,568$33,532▲ $15,964
Total Assets$8,645,920$8,893,659▲ $247,739
Other Assets Total$72,038$74,937▲ $2,899
Liabilities
Unsecured Notes Loans Payable$425,839$413,661▼ $12,178
Accounts Payable and Accrued Expenses$326,394$385,623▲ $59,229
Deferred Revenue$27,775$20,840▼ $6,935
Total Liabilities$780,008$820,124▲ $40,116
Net Assets / Fund Balance
Unrestricted Net Assets$5,811,637$5,717,545▼ $94,092
Temporarily Rstr Net Assets$1,102,505$1,224,283▲ $121,778
Permanently Rstr Net Assets$951,770$1,131,707▲ $179,937
Total Net Assets Fund Balance$7,865,912$8,073,535▲ $207,623
Total Liabilities and Net Assets / Fund Balance$8,645,920$8,893,659▲ $247,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,436,273$3,581,935$8,018,208
Equipment$122,176$435,567$557,743
Land$324,144-$324,144

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,952,226$105,000▲ $355,877$49,817$2,363,286
2015$2,023,241-▼ $7,492$63,523$1,952,226
2014$1,994,205$1,700▲ $101,899$74,563$2,023,241
2013$1,698,113$200▲ $325,079$29,187$1,994,205
2012$1,508,329$950▲ $221,610$32,776$1,698,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaye KennedyCEOFT$96,434$1,395$97,829
Diane DaubenmeirCFOFT$70,537$6,577$77,114

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,657,391
Program Service Revenue
$3,398,589
Investment Income
$50,638
Other Revenue
$-7,481
All Other Contributions
$666,281
Change in Net Assets
$-31,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,090,932
Revenue Not Reported on Financial Statements
$8,205
Revenue Not Reported on Form 990
$301,462
Other Revenue Adjustments
$8,205
Total Revenue per Audited Statements
$6,392,394
Total Revenue per Form 990
$6,099,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,358,991
Other Expenses$1,771,466
Total Fundraising Expense$183,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,978,108$323,899$79,198$3,381,205
Other Employee Benefits$438,562$64,658$22,178$525,398
Payroll Taxes$227,738$27,843$8,915$264,496
Fees for Services Other$202,272$51,412$1,749$255,433
Depreciation Depletion$173,218$81,758$424$255,400
Current Officers, Directors, Trustees, and Key Employees$79,264$64,978$43,650$187,892
Occupancy$140,091$37,142$881$178,114
Information Technology$36,599$23,619$5,493$65,711
Office Expenses$32,296$20,305$10,119$62,720
Insurance$24,744$14,723$248$39,715
All Other Expenses$23,988$4,154$1,094$29,236
Other Expenses$29,149$12,353$359$29,149
Travel$27,036$380$375$27,791
Advertising$20,474$2,325$318$23,117
Interest-$15,574-$15,574
Fees for Service Investment Mgmnt Fees-$8,205-$8,205
Conferences and Meetings$1,036$1,105$64$2,205
Total Functional Expenses$5,183,444$763,583$183,430$6,130,457

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,184,771
Total Expenses per Form 990$6,130,457
Expenses per Audited Statements$6,122,252
Expenses Not Reported on Form 990$62,519
Expenses Not Reported on Financial Statements$8,205
Other Expense Adjustments$8,205
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,649
Fundraising Gross Income$27,718
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tribute to Wome$31,787$14,400$7,236$7,164
GENTLEMEN'S EVE$26,808$10,919$9,064$1,855
Total Events$77,161$27,718$37,649$-9,931
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee of the board of directors receives and reviews the federal 990 tax return prior to filing the return. The chief financial officer leads the review process with the committee highlighting the material items and any areas of change. Then, the federal 990 tax return is given to the entire board of directors for review. The cfo leads the review pointing out areas that have changed to the board. The board of directors then take a vote to approve the federal 990 tax return. After approval, the return is signed by the board president and filed.

Form 990, Page 6, Part VI, Line 12C

The board of directors and board of trustees annually fill out and sign the conflict of interest policy. The chief financial officer reviews each form and summarizes the conflicts of interest for the board president. The waypoint chief executive officer and chief financial officer are also aware and require for any potential conflict that the board member be excused from discussion and vote on the topic.

Form 990, Page 6, Part VI, Line 15A

Waypoint requested its human resource consultant to gather data on compensation for other chief executive officers of non-profit agencies in the same regional area of waypoint. The consultant also listed the number of employees, total assets and total revenues for each of the organizations. The consultant prepared a summary analysis and presented to the executive committe of the board of directors. After their review and consultation with the consultant they recommend to the entire board of directors the compensation to be given to the chief exectutive officer. After discussion, a motion is made and seconded and the board of directors votes on the motion. The compensation approved by the board of directors is recorded in the minutes as recorded by the secretary.

Form 990, Page 6, Part VI, Line 19

All of these documents are available upon request. In addition, waypoint includes on its website a copy of the audited financial statements each year.

Filing and Contact Details

Filer

Filer Name
Waypoint Services
EIN
42-0680307
Phone
3193651458
Address
318 FIFTH STREET SE, CEDAR RAPIDS, IA 52401

Signing Officer

Name
Sam Houston
Title
President
Phone
3193651458
Signed
2018-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaye Kennedy
Formed
1894
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
21
Employees
244
Volunteers
190

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Amanda L Lane CPA
Phone
3193932374
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To strenthen and empower individuals who are homeless, living in poverty, or victims of domestic violence; and give childern access to gaining the essential skills vital to reaching their full potential through quality child care.

Form 990, Page 2, Part III, Line 4C

Daytime resource program: a weekday drop-in resource program for women and children who are homeless, or living in poverty that provides access to food, toiletries, laundry services, guidance and support to help participants maintain self-sufficiency. In fiscal year 2017, the program served 4,064 women and children who were homeless, nearly homeless, or living in poverty.

Form 990, Page 2, Part III, Line 4D

Rapid rehousing and homeless prevention services: waypoint is the leading distributor of homeless prevention and rapid re-housing program (hprp) funds in the community. This program provides nearly homeless families and individuals support to keep them in their homes or find other affordable housing. The funds are not intended to provide long-term support, but short-term and medium-term assistance in order to maintain stability. In the 2017 fiscal year, waypoint services provided 674 individuals with rapid re-housing services and supported 337 individuals in securing affordable housing through homeless prevention services, utilizing 207,248 of financial assistance to support these efforts.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The overriding purpose of the unrestricted endowment shall be to fund, protect and sustain the ever changing and expanding needs of the organization in order to meet its mission. A secondary purpose of the unrestricted endowment fund shall be to provide some level of support as a source of income to support current operations and programs of the organization. Restricted funds for designated waypoint services will be managed and distributed according to the instructions.

Schedule D, Page 3, Part X

Waypoint services for women, children and families is exempt from income taxes under section 501(c)(3) of the internal revenue code and a similar section of the iowa income tax law, which provides income tax exemption for corporations organized and operated exclusively for religious, charitable, or educational purposes. The organization is not classified as a private foundation. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Schedule D, Page 4, Part XI, Line 2D

Fundraising expense 21,032

Schedule D, Page 4, Part XI, Line 4B

INVESTMENT FEES 8,205

Schedule D, Page 4, Part XII, Line 2D

Fundraising expense 21,032

Schedule D, Page 4, Part XII, Line 4B

INVESTMENT FEES 8,205

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IRS990/ProgSrvcAccomActy2Grp/Desc0DOMESTICE VIOLENCE VICTIM SERVICES PROGRAM: PROVIDES SUPPORT SERVICES TO HELP VICTIMS/SURVIVORS AND THEIR FAMILIES DEAL WITH THE TRAUMA OF DOMESTIC VIOLENCE. SERVICES INCLUDE 24-HOUR DOMESTIC VIOLENCE CRISIS AND SUPPORT LINE; ONE-ON-ONE PEER COUNSELING; MEDICAL, LEGAL, AND CRIMINAL JUSTICE ADVOCACY; WEEKLY SUPPORT GROUPS; SAFETY AND BASIC NEEDS; AND COMMUNITY PREVENTION EDUCATION. IN FISCAL YEAR 2017, WAYPOINT SERVED 2,699 VICTIMS OF VIOLENCE AND ANSWERED THE 24/7 RESOURCE AND SUPPORT LINE 8,640 TIMES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0928741

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