Civic Intelligence

Waypoint Services for Women Children and Families

990 • Fiscal year 2023 • EIN 42-0680307

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

318 5th St 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

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.05x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$118,380

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

9th percentile

-8.9%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,059,884

Down $1,177,981 (-8.9%) from 2022

Net Assets

Down

$11,754,500

Down $892,041 (-7.1%) from 2022

Liabilities

Down

$305,384

Down $285,940 (-48%) from 2022

Revenue

Down

$6,606,142

Down $1,719,931 (-21%) from 2022

Expenses

Down

$7,791,384

Down $56,381 (-0.7%) from 2022

Net Income

Down

-$1,185,242

Down $1,663,550 (-348%) from 2022

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

2023

Assets$12,059,884
Liabilities$305,384
Net Assets$11,754,500

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

2023

Revenue$6,606,142
Expenses$7,791,384
Net Income-$1,185,242
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$6,664,599
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 400 children daily of all socio-economic levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,808,021$7,506,329▼ $301,692
Investments in Publicly Traded Securities$2,824,197$3,070,699▲ $246,502
Pledges and Grants Receivable$1,259,732$885,084▼ $374,648
Savings and Temporary Cash Investments$1,159,686$407,921▼ $751,765
Prepaid Expenses and Deferred Charges$48,519$49,702▲ $1,183
Accounts Receivable$45,721$12,098▼ $33,623
Cash and Non-Interest-Bearing Accounts$1,200$1,200→ $0
Total Assets$13,237,865$12,059,884▼ $1,177,981
Other Assets Total$90,789$126,851▲ $36,062
Liabilities
Accounts Payable and Accrued Expenses$591,099$272,659▼ $318,440
Other Liabilities-$32,600-
Deferred Revenue$225$125▼ $100
Total Liabilities$591,324$305,384▼ $285,940
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,787,557$9,125,095▼ $662,462
Net Assets With Donor Restrictions$2,858,984$2,629,405▼ $229,579
Total Net Assets Fund Balance$12,646,541$11,754,500▼ $892,041
Total Liabilities and Net Assets / Fund Balance$13,237,865$12,059,884▼ $1,177,981

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,745,939$4,849,354$11,595,293
Equipment$436,246$491,953$928,199
Land$324,144-$324,144

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,911,981-▲ $333,283$82,835$3,162,429
2021$3,429,675$1,210▼ $438,904$80,000$2,911,981
2020$2,705,862$10,346▲ $767,654$54,187$3,429,675
2019$2,686,228-▲ $104,878$85,244$2,705,862
2018$2,873,599-▲ $167,782$355,153$2,686,228
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaye KennedyCEOFT$112,679$5,701$118,380
Autumn PaineDev & MktingFT$92,099$460$92,559
Mike WeaverlingCFOFT$86,322$4,800$91,122
Revenue and Support

Revenue Composition

Contributions and Grants
$4,407,020
Program Service Revenue
$2,073,424
Investment Income
$51,697
Other Revenue
$74,001
All Other Contributions
$858,740
Change in Net Assets
$-1,185,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,591,960
Revenue Not Reported on Financial Statements
$14,182
Revenue Not Reported on Form 990
$304,989
Other Revenue Adjustments
$14,182
Total Revenue per Audited Statements
$6,896,949
Total Revenue per Form 990
$6,606,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,587,437
Other Expenses$2,203,947
Total Fundraising Expense$422,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,863,397$448,778$197,019$4,509,194
Other Employee Benefits$336,816$54,667$1,244$392,727
Payroll Taxes$297,769$54,143$10,514$362,426
Depreciation Depletion$302,185$3,294$39,317$344,796
Current Officers, Directors, Trustees, and Key Employees$107,764$153,386$61,940$323,090
Fees for Services Other$59,092$112,403$35,278$206,773
Occupancy$130,789$72,731$1,357$204,877
Information Technology$72,080$32,790$43,135$148,005
Office Expenses$59,153$24,907$16,016$100,076
Insurance$37,815$23,734$514$62,063
Other Expenses$34,009$34,677$4,951$34,009
Travel$22,543$9,580$573$32,696
Advertising$8,494$2,024$7,341$17,859
Fees for Service Investment Mgmnt Fees-$14,182-$14,182
All Other Expenses$4,539$7,889$430$12,858
Conferences and Meetings$444$4,068$943$5,455
Total Functional Expenses$6,307,884$1,060,971$422,529$7,791,384

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,791,384
Total Expenses per Audited Statements$7,788,990
Expenses per Audited Statements$7,777,202
Expenses Not Reported on Financial Statements$14,182
Other Expense Adjustments$14,182
Expenses Not Reported on Form 990$11,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,522
Fundraising Direct Expenses$49,325
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
1911 Society Ev$43,428$43,428$9,862$33,566
Tribute to Wome$43,094$43,094$18,518$24,576
Total Events$86,522$86,522$49,325$37,197
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Lease Liabilities$24,556
Lease Liabilities$8,044
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
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 5TH ST SE, CEDAR RAPIDS, IA 52401

Signing Officer

Name
Jaye Kennedy
Title
CEO
Phone
3193651458
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaye Kennedy
Formed
1894
Legal Domicile
Ia
Voting Board Members
20
Independent Board Members
20
Employees
175
Volunteers
270

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
Supplemental Narrative

Additional Explanations

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

Rapid rehousing and homeless prevention services: this program provides nearly homeless or homeless households support to keep them in their homes or find other affordable housing. The funds are not intended to provide long-term financial support, but short-term and medium-term assistance in order to maintain stability. In the 2023 fiscal year, waypoint supported 3,300 individuals in securing affordable housing through rapid re-housing services and homeless prevention services. Survivors: this program provides support to individuals who have lost a family member or friend through homicide or vehicular homicide. The program also supports victims of violent felony crimes such as kidnapping, robbery, and attempted murder. Services include emergency crisis intervention, legal and criminal justice system navigation, advocacy, support groups and information and referrals based on needs. For fy23, 521 individuals were served

Form 990, Part XI, Line 9

Investment fees -14,182 investment fees 14,182

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 4B

INVESTMENT FEES 14,182

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

INVESTMENT FEES 14,182

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8FORMER PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
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