Civic Intelligence

Wps2 Fund

990 • Fiscal year 2021 • EIN 86-3249698

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 04, 2022

Organization Profile
PO Box 1860Bentonville, AR 72712

(479) 464-1500

Siviq Scores

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

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

39.21x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Net Margin

45th percentile

9.7%

Higher net margin than 45% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $50M-$100M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

$58,394,483

No earlier filing loaded for comparison.

Net Assets

$144,483

No earlier filing loaded for comparison.

Liabilities

$58,250,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin45th percentile

Revenue

$1,485,640

No earlier filing loaded for comparison.

Expenses

$1,341,157

No earlier filing loaded for comparison.

Net Income

$144,483

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300M$200M$100M$0Assets 2021: $58,394,483Liabilities 2021: $58,250,000Net Assets 2021: $144,4832021Assets 2022: $270,868,207Liabilities 2022: $0Net Assets 2022: $270,868,2072022Assets 2023: $266,602,480Liabilities 2023: $0Net Assets 2023: $266,602,4802023Assets 2024: $262,754,515Liabilities 2024: $0Net Assets 2024: $262,754,5152024

Highlighted filing

2021

Assets$58,394,483
Liabilities$58,250,000
Net Assets$144,483
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300M$200M$100M$0-$100MRevenue 2021: $1,485,640Expenses 2021: $1,341,157Net Income 2021: $144,4832021Revenue 2022: $276,082,637Expenses 2022: $5,358,913Net Income 2022: $270,723,7242022Revenue 2023: $915,804Expenses 2023: $5,181,531Net Income 2023: -$4,265,7272023Revenue 2024: $1,114,380Expenses 2024: $4,962,345Net Income 2024: -$3,847,9652024

Highlighted filing

2021

Revenue$1,485,640
Expenses$1,341,157
Net Income$144,483
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 4, 2022
Return Version
2021v4.2
Gross Receipts
$1,485,640
Mission and Program Overview

Mission

WPS2 Fund is organized, and shall be operated exclusively, for civic and social welfare purposes. In particular, the purpose of the Corporation is to support innovations and reforms to improve public and private K-12 education for the benefit of all students. The Corporation will support and foster such innovations and reforms through mission-related investments, grants to nonprofit organizations, and conducting such other activities as determined by the Corporation's Board of Directors.

The organization's mission is to support innovations and reforms to improve public and private K-12 education for the benefit of all students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$0$58,394,483▲ $58,394,483
Loans From Officers Directors-$58,250,000-
Rtn Earn Endowment Incm Other Fnds-$144,483-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Total Assets$0$58,394,483▲ $58,394,483
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$58,250,000▲ $58,250,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$144,483▲ $144,483
Total Liabilities and Net Assets / Fund Balance$0$58,394,483▲ $58,394,483

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$58,394,844--
Compensation and Service Providers
Top Officer Pay16th percentile

Board Members and Trustees

NameTitle
-Director/president/treasurer (04/14/2021 - 08/19/2021)
-Director
-Director/secretary (director as of 8/19/21)
-Director/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,485,575
Program Service Revenue
$0
Investment Income
$65
Other Revenue
$0
All Other Contributions
$1,485,575
Change in Net Assets
$144,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,341,157
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
Other Expenses$1,340,796--$1,340,796
Fees for Service Investment Mgmnt Fees-$361-$361
Total Functional Expenses$1,340,796$361$0$1,341,157
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$58,250,000-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
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, Part VI, Line 6 Classes of members or stockholders

“The Corporation has one class of members.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The Organization's members have the power to elect the Organization's Board of Directors.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“After preparation and review of the form 990 has been completed, the form is submitted to the board of directors for final approval prior to filing of the return.”

Form 990, Part VI, Line 12C Conflict of interest policy

“A director who is directly or indirectly a party to a potential transaction with the Organization is required to disclose the material facts and interest in the transaction prior to action by the Organization on the transaction. Approval of the transaction is by a majority of the disinterested directors.”

Form 990, Part VI, Line 19 Required documents available to the public

“The Organization's Certificate of Incorporation is available from the Delaware Secretary of State. Financial information is available on the Organization's Form 990.”

Filing and Contact Details

Filer

Filer Name
WPS2 Fund
EIN
86-3249698
Phone
4794641500
Address
PO Box 1860, Bentonville, AR 72712

Signing Officer

Name
Buddy Philpot
Title
President
Phone
4794641500
Signed
2022-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Kent C Crouch
Phone
4794641500
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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/MissionDesc0WPS2 Fund is organized, and shall be operated exclusively, for civic and social welfare purposes. In particular, the purpose of the Corporation is to support innovations and reforms to improve public and private K-12 education for the benefit of all students. The Corporation will support and foster such innovations and reforms through mission-related investments, grants to nonprofit organizations, and conducting such other activities as determined by the Corporation's Board of Directors.
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$58,394,483
Liabilities
$58,250,000
Net assets
$144,483
Revenue
$1,485,640
Expenses
$1,341,157
Net income
$144,483
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$263$0.00$263$1.11$4.96$3.85
2023Detailed filing. Detailed filing data is available for this year.$267$0.00$267$0.92$5.18$4.27
2022Detailed filing. Detailed filing data is available for this year.$271$0.00$271$276$5.36$271
2021Detailed filing. Detailed filing data is available for this year.$58.4$58.3$0.14$1.49$1.34$0.14