Civic Intelligence

Wps2 Fund

990 • Fiscal year 2023 • EIN 86-3249698

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

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

6th percentile

0.00x

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

2023 filings • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

6th percentile

0.00x

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

2023 filings • $250M-$1B nonprofits • Source year 2023

Net Margin

1st percentile

-466%

Higher net margin than 1% of similar nonprofits.

2023 filings • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • $250M-$1B nonprofits • Source year 2023

Asset Growth

21st percentile

-1.6%

Faster asset growth than 21% of similar nonprofits.

2023 filings • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$266,602,480

Down $4,265,727 (-1.6%) from 2022

Net Assets

Down

$266,602,480

Down $4,265,727 (-1.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin1st percentile

Revenue

Down

$915,804

Down $275,166,833 (-100%) from 2022

Expenses

Down

$5,181,531

Down $177,382 (-3.3%) from 2022

Net Income

Down

-$4,265,727

Down $274,989,451 (-102%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2023

Assets$266,602,480
Liabilities$0
Net Assets$266,602,480
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

2023

Revenue$915,804
Expenses$5,181,531
Net Income-$4,265,727
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$28,087,635
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
Rtn Earn Endowment Incm Other Fnds$270,868,207$266,602,480▼ $4,265,727
Investments Other Securities$205,807,960$228,943,051▲ $23,135,091
Investments in Publicly Traded Securities$63,451,693$36,279,862▼ $27,171,831
Savings and Temporary Cash Investments$1,608,554$1,379,567▼ $228,987
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$270,868,207$266,602,480▼ $4,265,727
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$270,868,207$266,602,480▼ $4,265,727
Total Liabilities and Net Assets / Fund Balance$270,868,207$266,602,480▼ $4,265,727

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$75,830,916--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
-Director, President, Treasurer
-Director (from 10/15/23)
-Director (until 10/15/23)
-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$915,804
Other Revenue
$0
Change in Net Assets
$-4,265,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,181,531
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 Accounting-$16,983-$16,983
Fees for Service Investment Mgmnt Fees-$4,904-$4,904
Fees for Services Legal-$1,760-$1,760
Other Expenses$5,157,656$228-$228
Total Functional Expenses$5,157,656$23,875$0$5,181,531
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$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
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
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
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
4

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Luke C Mitchell
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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AFTER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization's Certificate of Incorporation is available from the Delaware Secretary of State. Financial information is available on the Organization's Form 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6 Classes of members or stockholders
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b Review of form 990 by governing body
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1512227
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH - CONTRIBUTION OF CAPITAL
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Bentonville
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072712
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Buddy Philpot
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04794641500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WPS2 Fund
ReturnHeader/Filer/BusinessNameControlTxt0WPS2
ReturnHeader/Filer/EIN0863249698
ReturnHeader/Filer/PhoneNum04794641500
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621665434
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALTON ENTERPRISES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1860
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BENTONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072712
ReturnHeader/PreparerPersonGrp/PhoneNum04794641500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUKE C MITCHELL
ReturnHeader/ReturnTs02024-11-08T14:50:20+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$266,602,480
Liabilities
$0
Net assets
$266,602,480
Revenue
$915,804
Expenses
$5,181,531
Net income
-$4,265,727
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