Civic Intelligence

Wabe Foundation Inc.

990 • Fiscal year 2021 • EIN 84-3475573

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

Organization Profilewww.wabe.org
740 bismark road neatlanta, GA 30324

(678) 686-0353

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-123%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$261,728

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 418.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

63rd percentile

16%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-28%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,290,881

Up $464,532 (+16%) from 2020

Net Assets

Up

$3,290,881

Up $464,532 (+16%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin2nd percentile

Revenue

Down

$62,491

Down $23,910 (-28%) from 2020

Expenses

Up

$139,585

Up $1,241 (+0.9%) from 2020

Net Income

Down

-$77,094

Down $25,151 (-48%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $2,826,349Liabilities 2020: $0Net Assets 2020: $2,826,3492020Assets 2021: $3,290,881Liabilities 2021: $0Net Assets 2021: $3,290,8812021Assets 2022: $2,922,710Liabilities 2022: $0Net Assets 2022: $2,922,7102022Assets 2023: $2,765,538Liabilities 2023: $71,039Net Assets 2023: $2,694,4992023Assets 2024: $2,706,242Liabilities 2024: $71,039Net Assets 2024: $2,635,2032024

Highlighted filing

2021

Assets$3,290,881
Liabilities$0
Net Assets$3,290,881
Open 2021 Filing

Operations Trend

Revenue Growth10th percentile

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

$500K$0-$500KRevenue 2020: $86,401Expenses 2020: $138,344Net Income 2020: -$51,9432020Revenue 2021: $62,491Expenses 2021: $139,585Net Income 2021: -$77,0942021Revenue 2022: $87,777Expenses 2022: $152,425Net Income 2022: -$64,6482022Revenue 2023: $77,475Expenses 2023: $452,718Net Income 2023: -$375,2432023Revenue 2024: $81,203Expenses 2024: $378,456Net Income 2024: -$297,2532024

Highlighted filing

2021

Revenue$62,491
Expenses$139,585
Net Income-$77,094
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.1
Gross Receipts
$62,491
Mission and Program Overview

Mission

The public broadcasting foundation of atlanta is a supporting organization of the atlanta educational telecommunications collaborative, inc (58-2126423). The foundation promotes, preserves, supports and enhances the mission, vision, values, operations, management and further growth and development of the atlanta educational telecommunications collaborative, inc. By securing and investing support from various sources.

to promote, preserve, support and enhance the mission, vision, values, operations, management, growth & development of the atlanta educational telecommunications collabortive

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,760,956$3,239,303▲ $478,347
Cash and Non-Interest-Bearing Accounts$65,393$51,578▼ $13,815
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,826,349$3,290,881▲ $464,532
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,826,349$3,290,881▲ $464,532
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,826,349$3,290,881▲ $464,532
Total Liabilities and Net Assets / Fund Balance$2,826,349$3,290,881▲ $464,532
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Charles E TaylorChairman
WONYA LUCAS - Aug '20President & CEO
Andrea MontagVice Chairman
Barry Berlinboard member
Mac Holladayboard member
Jennifer Dorian AUG '20-PresCEO
Scott WoelfelChief Content Officer
Sadie Jo DennardSecretary
Milton Jones jrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$62,491
Other Revenue
$0
Change in Net Assets
$-77,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,641
Other Expenses$11,944
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$127,641--$127,641
Office Expenses-$11,944-$11,944
Total Functional Expenses$127,641$11,944$0$139,585
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Section B Line 11B

“The organization provides a copy of the draft 990 to each member of the board's finance and audit committees for review prior to finalizing the tax forms. The document is refined based upon input from the finance and audit committees and the final document is provided to each member of the board of directors prior to submission to the irs.”

Part VI Section B Line 12C

“The executive assistant to the president/ceo is responsible for obtaining from each board member annually a signed conflict of interest declaration and reports to the president/ceo any conflicts or issues that are noted.”

Part VI Section C Line 19

“The organization's financial information is available upon request.”

Part VI Section B Line 15

“The foundation does not compensate any employees or board members.”

Filing and Contact Details

Filer

Filer Name
Wabe Foundation Inc
EIN
84-3475573
In Care Of
% SHAWN PACK
Phone
6786860353
Address
740 bismark road ne, atlanta, GA 30324

Signing Officer

Name
Shawn Pack
Title
CFO
Phone
6786860353
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Pack
Formed
2019
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Smith & Howard Pc
Address
271 17TH STREET NW SUITE 1600, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Financial Statement Notes

Part X LIne 2

“The Organization qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded on the accompanying combined financial statements. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). GAAP requires the Organization's management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The Organization's management has analyzed the tax positions taken and has concluded that, as of June 30, 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In general, the Organization is subject to income tax examinations since inception.”

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IRS990/MissionDesc0THE PUBLIC BROADCASTING FOUNDATION OF ATLANTA IS A SUPPORTING ORGANIZATION OF THE ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE, INC (58-2126423). THE FOUNDATION PROMOTES, PRESERVES, SUPPORTS AND ENHANCES THE MISSION, VISION, VALUES, OPERATIONS, MANAGEMENT AND FURTHER GROWTH AND DEVELOPMENT OF THE ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE, INC. BY SECURING AND INVESTING SUPPORT FROM VARIOUS SOURCES.
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SHAWN PACK
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt0119891
IRS990/PYInvestmentIncomeAmt086401
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IRS990/PYOtherExpensesAmt018453
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-51943
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0138344
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt086401
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-77094
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0582126423
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0127641
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0127641
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded on the accompanying combined financial statements. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). GAAP requires the Organization's management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The Organization's management has analyzed the tax positions taken and has concluded that, as of June 30, 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In general, the Organization is subject to income tax examinations since inception.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X LIne 2
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0242308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1204992
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt14808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017135
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt11616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WONYA LUCAS - Aug '20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Scott Woelfel
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chief Content Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0261728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1211416
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE DRAFT 990 TO EACH MEMBER OF THE BOARD'S FINANCE AND AUDIT COMMITTEES FOR REVIEW PRIOR TO FINALIZING THE TAX FORMS. THE DOCUMENT IS REFINED BASED UPON INPUT FROM THE FINANCE AND AUDIT COMMITTEES AND THE FINAL DOCUMENT IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE ASSISTANT TO THE PRESIDENT/CEO IS RESPONSIBLE FOR OBTAINING FROM EACH BOARD MEMBER ANNUALLY A SIGNED CONFLICT OF INTEREST DECLARATION AND REPORTS TO THE PRESIDENT/CEO ANY CONFLICTS OR ISSUES THAT ARE NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's financial information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The foundation does not compensate any employees or board members.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI SECTION B LINE 15
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ATLANTA EDUCATIONAL TELECOMMUNICATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0582126423
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INFORMATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0740 BISMARK ROAD NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030324
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,290,881
Liabilities
$0
Net assets
$3,290,881
Revenue
$62,491
Expenses
$139,585
Net income
-$77,094
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.71$0.07$2.64$0.08$0.38$0.30
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.07$2.69$0.08$0.45$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.09$0.15$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.06$0.14$0.08
2020Summary only. Only limited summary data is available for this year.$2.83$0.00$2.83$0.09$0.14$0.05