Waycross Inc
- Assets
- $3.5m
- Revenue
- $926.2k
- Investments
- $150.3k
- Employees
- 33
- Location
- Morgantown, IN
- Founding
- 06/1961
- Data as of
- 12/2021
- EIN
- 35-1000665
Organization Overview
Waycross Inc is located in Morgantown, IN. The organization was established in 1961. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Waycross Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waycross 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 12/2021, Waycross Inc generated $926.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $889.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES CONFERENCE CENTER AND CAMPING FACILITIES FOR RELIGIOUS, EDUCATIONAL AND CHARITABLE GROUPS IN CENTRAL AND SOUTHERN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYCROSS INC. IS A CAMPING AND CONFERENCE FACILITY USED FOR RELIGIOUS, EDUCATIONAL AND CHARITABLE GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Farmer Board Member | Trustee | 3 | $0 |
The Rev Jeffrey Bower Board Member | Trustee | 1 | $0 |
Rose Lane President | OfficerTrustee | 5 | $0 |
Alan Geisler Board Member | Trustee | 1 | $0 |
Tom Wood Board Member | Trustee | 1 | $0 |
David Ramsey Exec. Director (non-Voting | OfficerTrustee | 55 | $64,117 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $320,977 |
| Government grants | $239,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,317 |
| Total Program Service Revenue | $252,258 |
| Investment income | $3,454 |
| 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 | $926,194 |
| 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. | $64,117 |
| Compensation of current officers, directors, key employees. | $16,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,859 |
| Payroll taxes | $22,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,767 |
| Advertising and promotion | $2,794 |
| Office expenses | $25,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,297 |
| Travel | $4,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,719 |
| Insurance | $76,128 |
| All other expenses | $9,957 |
| Total functional expenses | $889,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,356,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $150,255 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,539,299 |
| Accounts payable and accrued expenses | $315,926 |
| Grants payable | $0 |
| Deferred revenue | $45,482 |
| 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 | $361,408 |
| Net assets without donor restrictions | $3,126,698 |
| Net assets with donor restrictions | $51,193 |
| 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 | $3,539,299 |