Words Beats And Life Inc
- Assets
- $235.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 01/2004
- Data as of
- 08/2022
- EIN
- 27-0062812
Organization Overview
Words Beats And Life Inc is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Words Beats And Life Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Words Beats And Life Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.3m during the year ending 08/2022. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE UNAPOLOGETIC ADVOCATES FOR THE TRANSFORMATIVE POWER OF HIP-HOP CULTURE IN ALL ITS FORM, EMPOWERING ARTISTS TO RELENTLESSLY CREATE AND DEFINE SYSTEMS THAT DEMONSTRATE POSITIVE CHANGE THROUGH OUR INDIVIDUAL AND COLLECTIVE BRILLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS EDUCATION: THE WBL ACADEMY ENGAGES YOUTH IN ARTS EDUCATION COURSES LED BY LOCAL ADULT HIP-HOP ARTISTS, PERFORMERS, AND TEACHERS WHO CARE ABOUT THE PARTICIPANTS PROGRAM OUTCOMES, AS THEY ARE TIED TO LIFE OUTCOMES. ACADEMY PROGRAMS CONSIST OF CLASSES IN, EMCEEING, DJING, STREET ART, SPOKEN WORD POETRY, DANCE, BEAT PRODUCTION, AND ARTS MANAGEMENT. THE DESIGN OF THE ACADEMY CURRICULUM IS HIGHLY EXPERIENTIAL AND HANDSON. BY CREATING THIS PRE-VOCATIONAL ARTS PROGRAM DEDICATED TO SKILLSET MASTERY, EMPLOYABILITY, THE PURSUIT OF A POST SECONDARY EDUCATION, AND COMMUNITY, APPRENTICE STUDENTS WILL BE LIVING EXAMPLES OF SELF-MASTERY. THEY WILL HAVE ACCESS TO THE RESOURCES, EXPERIENCES AND THE SUPPORT NETWORK NECESSARY TO BE THE DRIVING FORCE BEHIND WHAT IS POSSIBLE FOR THEIR LIVES. OUR ACADEMY PROGRAMMING RUNS ON TWO TRACKS: THE ARTS MANAGEMENT AND THE ARTIST TRACK. IN BOTH CASES, STUDENTS PARTICIPATE IN WORKSHOPS DESIGNED TO EXPOSE THEM TO NEW KNOWLEDGE, TECHNIQUES, AND METHODS. STUDENTS ARE PROVIDED OPPORTUNITIES TO GROW THEIR KNOWLEDGE AND NETWORK. WE ALSO PROVIDE OPPORTUNITIES TO PRACTICE WHAT WE TEACH YOUNG TO ARTISTS, IN THE SUMMER, THROUGH PERFORMANCES, AND PUBLIC ART MAKING. ADDITIONALLY, WE PROVIDE OPPORTUNITIES TO PRACTICE AS MANAGERS OF THOSE PROJECTS AND EVENTS BY THE PARTICIPANTS IN THE ARTS MANAGEMENT PROGRAM. SEE SCHEDULE O CONTINUE
CREATIVE EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lawrence Chair | OfficerTrustee | 3 | $0 |
Ptosha Davis Corresponding Secretary | OfficerTrustee | 3 | $0 |
Jamila Sams First Vice Chair | OfficerTrustee | 3 | $0 |
Helen Bryant Second Vice Chair | OfficerTrustee | 3 | $0 |
Naima Mcintosh Secretary | OfficerTrustee | 3 | $0 |
Bennie Heron Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $536,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $650,723 |
| Noncash contributions included in lines 1a–1f | $432,217 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,187,229 |
| Total Program Service Revenue | $253,146 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,440,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $794,098 |
| Advertising and promotion | $115,133 |
| Office expenses | $2,930 |
| Information technology | $2,766 |
| Royalties | $0 |
| Occupancy | $29,410 |
| Travel | $8,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,448 |
| Insurance | $16,809 |
| All other expenses | $61,103 |
| Total functional expenses | $1,250,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,330 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,404 |
| Accounts payable and accrued expenses | $14,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,658 |
| Net assets without donor restrictions | $81,497 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $235,404 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Words Beats And Life Inc has recieved totaling $108,727.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $35,000 |
Nike Foundation Beaverton, OR PURPOSE: OPERATING SUPPORT | $25,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $19,594 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $17,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,449 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Washington Performing Arts Society Washington, DC | $12,549,147 | $4,886,462 |
Lyric Foundation Inc Baltimore, MD | $19,508,427 | $4,826,860 |
Hippodrome Foundation Inc Baltimore, MD | $13,272,762 | $8,345,176 |
Maryland Hall For The Creative Arts Inc Annapolis, MD | $14,959,941 | $1,722,678 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Atlas Performing Arts Center Washington, DC | $17,353,205 | $2,355,130 |
Maryland Theatre Association Inc Hagerstown, MD | $20,853,735 | $2,408,622 |
The National Theatre Foundation Washington, DC | $6,261,563 | $1,353,760 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
Avalon Theatre Project Inc Washington, DC | $5,281,918 | $2,173,735 |