Waycraft Inc
- Assets
- $740.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 88
- Location
- Bucyrus, OH
- Founding
- 09/1969
- Data as of
- 12/2022
- EIN
- 34-1040550
Organization Overview
Waycraft Inc is located in Bucyrus, OH. The organization was established in 1969. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2022, Waycraft Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waycraft 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 12/2022, Waycraft Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 5 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
PROVIDES COMPETITIVE AND VALUE ADDED SERVICES TO OUR CUSTOMERS AND PRODUCE INCOME TO OUR EMPLOYEES WHO ARE DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYCRAFT PROVIDES COMPETITIVE, VALUE ADDED SERVICES FOR OUR CUSTOMERS, ACCLIMATE THE EMPLOYEES VOCATIONAL OPPORTUNITIES TO FOSTER FINANCIAL INDEPENDENCE, PRODUCING INCOME TO SUPPORT INDIVIDUAL EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Tinkey Member | Trustee | 1 | $0 |
Susan Fogle President | OfficerTrustee | 1 | $0 |
Sebastian Berger Vice Preside | OfficerTrustee | 1 | $0 |
Laura Orewiler Treasurer | OfficerTrustee | 1 | $0 |
Travis Smith Member | Trustee | 1 | $0 |
Tina Edison Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511 |
| Total Program Service Revenue | $1,056,609 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,302 |
| Net Income from Fundraising Events | $1,350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,052,008 |
| 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. | $19,437 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $709,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42 |
| Payroll taxes | $68,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,473 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,435 |
| Office expenses | $3,157 |
| Information technology | $8,800 |
| Royalties | $0 |
| Occupancy | $39,132 |
| Travel | $316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $78 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,604 |
| Insurance | $15,679 |
| All other expenses | $70,530 |
| Total functional expenses | $1,039,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,973 |
| Savings and temporary cash investments | $1,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,508 |
| 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 | $5,062 |
| Net Land, buildings, and equipment | $358,456 |
| Investments—publicly traded securities | $162,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,742 |
| Accounts payable and accrued expenses | $35,931 |
| 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 | $35,931 |
| Net assets without donor restrictions | $704,811 |
| 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 | $740,742 |