Civic Intelligence

Wake Enterprises Inc.

990 • Fiscal year 2021 • EIN 56-1248778

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

Organization ProfileWWW.WAKE-ENTERPRISES.ORG

View Organization Page

3548 Bush StreetRaleigh, NC 27609

(919) 714-6100

Siviq Scores

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

Liabilities / Assets

64th percentile

0.18x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.28x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$872,543

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Asset Growth

4th percentile

-22%

Faster asset growth than 4% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$4,174,485

Down $1,162,789 (-22%) from 2020

Net Assets

Up

$3,407,135

Up $832,127 (+32%) from 2020

Liabilities

Down

$767,350

Down $1,994,916 (-72%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin77th percentile

Revenue

Up

$2,774,198

Up $425,897 (+18%) from 2020

Expenses

Down

$2,094,794

Down $559,363 (-21%) from 2020

Net Income

Up

$679,404

Up $985,260 (+322%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,230,571Liabilities 2011: $3,591,943Net Assets 2011: $1,638,6282011Assets 2012: $5,084,257Liabilities 2012: $3,489,440Net Assets 2012: $1,594,8172012Assets 2013: $4,994,848Liabilities 2013: $3,359,682Net Assets 2013: $1,635,1662013Assets 2014: $4,855,823Liabilities 2014: $3,251,098Net Assets 2014: $1,604,7252014Assets 2015: $4,923,322Liabilities 2015: $2,849,471Net Assets 2015: $2,073,8512015Assets 2016: $4,702,064Liabilities 2016: $2,834,569Net Assets 2016: $1,867,4952016Assets 2017: $4,418,646Liabilities 2017: $2,745,748Net Assets 2017: $1,672,8982017Assets 2018: $4,201,737Liabilities 2018: $2,652,660Net Assets 2018: $1,549,0772018Assets 2019: $5,727,491Liabilities 2019: $2,989,868Net Assets 2019: $2,737,6232019Assets 2020: $5,337,274Liabilities 2020: $2,762,266Net Assets 2020: $2,575,0082020Assets 2021: $4,174,485Liabilities 2021: $767,350Net Assets 2021: $3,407,1352021Assets 2022: $4,171,392Liabilities 2022: $701,985Net Assets 2022: $3,469,4072022Assets 2023: $4,227,033Liabilities 2023: $657,024Net Assets 2023: $3,570,0092023Assets 2024: $3,661,079Liabilities 2024: $39,527Net Assets 2024: $3,621,5522024

Highlighted filing

2021

Assets$4,174,485
Liabilities$767,350
Net Assets$3,407,135
Open 2021 Filing

Operations Trend

Revenue Growth73rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,180,0572011Expenses 2012: $3,317,2032012Expenses 2013: $3,073,1092013Revenue 2014: $2,962,241Expenses 2014: $2,992,682Net Income 2014: -$30,4412014Revenue 2015: $3,396,869Expenses 2015: $2,927,743Net Income 2015: $469,1262015Revenue 2016: $2,464,562Expenses 2016: $2,670,918Net Income 2016: -$206,3562016Revenue 2017: $2,413,865Expenses 2017: $2,608,462Net Income 2017: -$194,5972017Revenue 2018: $2,606,822Expenses 2018: $2,732,224Net Income 2018: -$125,4022018Revenue 2019: $2,571,692Expenses 2019: $2,971,510Net Income 2019: -$399,8182019Revenue 2020: $2,348,301Expenses 2020: $2,654,157Net Income 2020: -$305,8562020Revenue 2021: $2,774,198Expenses 2021: $2,094,794Net Income 2021: $679,4042021Revenue 2022: $2,163,605Expenses 2022: $2,078,161Net Income 2022: $85,4442022Revenue 2023: $2,398,027Expenses 2023: $2,302,435Net Income 2023: $95,5922023Revenue 2024: $2,669,860Expenses 2024: $2,623,503Net Income 2024: $46,3572024

Highlighted filing

2021

Revenue$2,774,198
Expenses$2,094,794
Net Income$679,404
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.2
Gross Receipts
$4,095,563
Mission and Program Overview

Mission

Founded in 1979, Wake Enterprises, Inc.("WE")provides vocational and social opportunities for adults with intellectual and developmental disabilities, and became the first agency in North Carolina offering supported employment in 1982. WE serves adults with intellectual and developmental disabilities including autism, Down Syndrome, traumatic brain injuries and seizure disorders.

Wake enterprise, inc.'s mission is to assist people with disabilities to achieve their maximum level of independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,949,723$2,545,741▼ $1,403,982
Savings and Temporary Cash Investments$649,348$434,133▼ $215,215
Cash and Non-Interest-Bearing Accounts$296,668$370,665▲ $73,997
Accounts Receivable$338,388$197,478▼ $140,910
Prepaid Expenses and Deferred Charges$4,034$2,572▼ $1,462
Total Assets$5,337,274$4,174,485▼ $1,162,789
Other Assets Total$99,113$623,896▲ $524,783
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,502,242$696,369▼ $1,805,873
Other Liabilities$195,388$53,036▼ $142,352
Accounts Payable and Accrued Expenses$58,973$17,945▼ $41,028
Deferred Revenue$5,663--
Total Liabilities$2,762,266$767,350▼ $1,994,916
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,575,008$3,407,135▲ $832,127
Total Net Assets Fund Balance$2,575,008$3,407,135▲ $832,127
Total Liabilities and Net Assets / Fund Balance$5,337,274$4,174,485▼ $1,162,789

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,777,882$149,730$1,927,612
Land$736,700-$736,700
Equipment$31,159$41,109$72,268
Other Assets Org$623,896--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$38,513-▲ $11,892-$50,405
2019$38,065-▲ $1,874-$39,881
2018$37,010-▲ $1,241-$38,065
2017$35,110-▲ $2,252-$37,010
2016$31,961-▲ $3,487-$35,110
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer GassenSecretary N/v--$115,126$115,126
Oshana WatkinsPresidentFT$96,902$989$97,891

Board Members and Trustees

NameTitle
Deborah Holt NoelChairperson
Lorrie Gregg HargreavesSecond Vice Chair
Betty CampDirector
Dixie BlackmonDirector
Richard GrebDirector
Susan Scott DalyDirector
Wyatt BuckinghamDirector
Jay Deppeler IvDirector Until 2/2021
Joe LeoneTreasurer N/v
Revenue and Support

Revenue Composition

Contributions and Grants
$474,981
Program Service Revenue
$1,742,456
Investment Income
$538,935
Other Revenue
$17,826
All Other Contributions
$86,265
Change in Net Assets
$679,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,094,794
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,135,343--$1,135,343
Fees for Services Management-$286,988-$286,988
Interest$97,901--$97,901
Depreciation Depletion$87,838--$87,838
Travel$53,429--$53,429
Occupancy$50,979--$50,979
Insurance$34,520--$34,520
Other Expenses$33,257--$33,257
Advertising$16,336--$16,336
Total Functional Expenses$1,807,806$286,988$0$2,094,794
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$42,536
Rental Security Deposits$10,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Wake enterprises entered into a management and services agreement with apis services. All employees of wake enterprises are now employees of apis services.”

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

“The organization provides a completed copy to all members of the governing body at the board meeting in which the audited financial statements are presented. In the event that the return is not completed at the time of said meeting, a special meeting is called in order to receive the approval needed for filing of the 990.”

Form 990, Part VI, Section B, Line 12C

“Yearly conflict of interest questionnaires are given to board members and key employees. The questionnaires are reviewed by the executive director. The executive director reports to the board any potential conflicts.”

Form 990, Part VI, Section B, Line 15

“All compensation is determined by the executive director except for executive director compensation. Our by-laws give the board the power to appoint the executive director and to determine compensation. The board of directors determine the executive director's compensation based on review, comparability data, and contemporaneous sustantiation.”

Form 990, Part VI, Section C, Line 18

“Documents are available upon request.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Wake Enterprises Inc
EIN
56-1248778
Phone
9197146100
Address
3548 BUSH STREET, RALEIGH, NC 27609

Signing Officer

Name
Oshana Watkins
Title
President
Phone
9197146100
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oshana Watkins
Formed
1979
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
MAHER DUESSEL CPA'S
Address
1800 LINGLESTOWN ROAD SUITE 306, HARRISBURG, PA 17110
Phone
7172321230
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted personnel: program service expenses 956,413. Management and general expenses 0. Fundraising expenses 0. Total expenses 956,413. Contracted professional services: program service expenses 178,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 178,930.”

FORM 990, PART XI, LINE 9:

“Ppp loan revenue was forgiven in current year and recognized on tax return -143,241. Ppp loan cannot be recognized until forgiveness is received from sba 295,964.”

Financial Statement Notes

PART V, LINE 4:

“The board designated endowment fund is devoted to the support of wake enterprises, inc. General operating support.”

PART X, LINE 2:

“The organization is exempt from both federal and state income taxes for all program related income under section 501(c)(3) of the internal revenue service code, except on net income derived from unrelated business activities. The organization does not have any revenue that is subject to tax on unrelated business income. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSE”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSES”

Raw XML AppendixShowing 400 of 771 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.

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IRS990/MissionDesc0FOUNDED IN 1979, WAKE ENTERPRISES, INC. ("WE") PROVIDES VOCATIONAL AND SOCIAL OPPORTUNITIES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, AND BECAME THE FIRST AGENCY IN NORTH CAROLINA OFFERING SUPPORTED EMPLOYMENT IN 1982. WE SERVES ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES INCLUDING AUTISM, DOWN SYNDROME, TRAUMATIC BRAIN INJURIES, AND SEIZURE DISORDERS.
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02502242
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0696369
IRS990/NetAssetsOrFundBalancesBOYAmt02575008
IRS990/NetAssetsOrFundBalancesEOYAmt03407135
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0528635
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0528635
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02575008
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03407135
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt050979
IRS990/OccupancyGrp/TotalAmt050979
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt099113
IRS990/OtherAssetsTotalGrp/EOYAmt0623896
IRS990/OtherChangesInNetAssetsAmt0152723
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt0298203
IRS990/OtherExpensesGrp/ProgramServicesAmt133257
IRS990/OtherExpensesGrp/TotalAmt0298203
IRS990/OtherExpensesGrp/TotalAmt133257
IRS990/OtherLiabilitiesGrp/BOYAmt0195388
IRS990/OtherLiabilitiesGrp/EOYAmt053036
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017826
IRS990/OtherRevenueTotalAmt017826
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04034
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02572
IRS990/PrincipalOfficerNm0OSHANA WATKINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/BusinessCd1561300
IRS990/ProgramServiceRevenueGrp/Desc0ADULT DAY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01542597
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1199859
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01542597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1199859
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0111336
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012289
IRS990/PYOtherExpensesAmt02654157
IRS990/PYOtherRevenueAmt028325
IRS990/PYProgramServiceRevenueAmt02196351
IRS990/PYRevenuesLessExpensesAmt0-305856
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02654157
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02348301
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0679404
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01760282
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0649348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0434133
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0474981
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0111336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt056318
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt077951
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060132
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0780718
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0538935
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012289
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04938
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07044
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0570006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01742956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02196351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02455189
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02510832
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02316427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011221755
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0538935
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012289
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04938
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0570006
IRS990ScheduleA/InvestmentIncomeCYPct00.04520
IRS990ScheduleA/InvestmentIncomePYPct00.00280
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017826
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt028325
IRS990ScheduleA/OtherIncome509Grp/TotalAmt046151
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95120
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt012002473
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02217937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02307687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02511507
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02588783
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02376559
IRS990ScheduleA/Total509Grp/TotalAmt012002473
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02774698
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02348301
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02516445
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02595583
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02383603
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012618630
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01777882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0149730
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01927612
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt038513
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050405
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt011892
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt058
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt038065
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt039881
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01874
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0186
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt037010
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt038065
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01241
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0352
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt035110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt037010
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02252
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0338
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt031961
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt035110
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03487
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt031159
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041109
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072268
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0736700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0736700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0623896
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM APIS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENTAL SECURITY DEPOSITS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD DESIGNATED ENDOWMENT FUND IS DEVOTED TO THE SUPPORT OF WAKE ENTERPRISES, INC. GENERAL OPERATING SUPPORT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM BOTH FEDERAL AND STATE INCOME TAXES FOR ALL PROGRAM RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION DOES NOT HAVE ANY REVENUE THAT IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02545741
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0623896
IRS990ScheduleD/TotalLiabilityAmt053036
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,174,485
Liabilities
$767,350
Net assets
$3,407,135
Revenue
$2,774,198
Expenses
$2,094,794
Net income
$679,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.66$0.04$3.62$2.67$2.62$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.23$0.66$3.57$2.40$2.30$0.10
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.70$3.47$2.16$2.08$0.09
2021Detailed filing. Detailed filing data is available for this year.$4.17$0.77$3.41$2.77$2.09$0.68
2020Detailed filing. Detailed filing data is available for this year.$5.34$2.76$2.58$2.35$2.65$0.31
2019Detailed filing. Detailed filing data is available for this year.$5.73$2.99$2.74$2.57$2.97$0.40
2018Detailed filing. Detailed filing data is available for this year.$4.20$2.65$1.55$2.61$2.73$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.42$2.75$1.67$2.41$2.61$0.19
2016Detailed filing. Detailed filing data is available for this year.$4.70$2.83$1.87$2.46$2.67$0.21
2015Detailed filing. Detailed filing data is available for this year.$4.92$2.85$2.07$3.40$2.93$0.47
2014Detailed filing. Detailed filing data is available for this year.$4.86$3.25$1.60$2.96$2.99$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$3.36$1.64$3.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$3.49$1.59$3.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$3.59$1.64$3.18