Village Of Wisdom Inc
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Durham, NC
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-2060936
Organization Overview
Village Of Wisdom Inc is located in Durham, NC. The organization was established in 2015. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Village Of Wisdom Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of Wisdom 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, Village Of Wisdom Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.8% each year . All expenses for the organization totaled $956.3k during the year ending 12/2021. 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
WE WORK WITH FAMILIES TO PROTECT BLACK GENIUS, BY ORGANIZING AND MOBILIZING A COMMUNITY OF FAMILIES COMMITTED TO THE HEALTHY DEVELOPMENT AND REFLECTION OF BLACK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DRIVEN RESEARCH
COMMUNITY AND CULTURAL ORGANIZING
BLACK PARENT RESTORATION
OTHER PROGRAMMING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Henderson Strategy Directorops | 35 | $96,900 | |
William Jackson Executive Director | Officer | 40 | $70,000 |
Randi Towns Board Treasurer | Officer | 5 | $0 |
Brittney Bennett Board Chair | Officer | 5 | $0 |
Gerald Harris Secretary | Officer | 5 | $0 |
Rashida James Board Member At Large | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,474,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,479,169 |
| Total Program Service Revenue | $20,396 |
| Investment income | $393 |
| 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 | $2,499,958 |
| 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 | $394,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,569 |
| Payroll taxes | $29,764 |
| 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 | $0 |
| Fees for services: Other | $4,636 |
| Advertising and promotion | $0 |
| Office expenses | $36,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,407 |
| All other expenses | $0 |
| Total functional expenses | $956,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,498,900 |
| Savings and temporary cash investments | $1,200,549 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,699,449 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,699,449 |
| Total liabilities and net assets/fund balances | $2,699,449 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Village Of Wisdom Inc has recieved totaling $3,005,321.
| Awarding Organization | Amount |
|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $1,250,000 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $750,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $250,000 |
Tntp Inc New York, NY PURPOSE: TO SUPPORT COMMUNITY-DRIVEN EFFORTS AND CHANGE BY CREATING A BLUEPRINT THAT WILL IMPROVE K-12 EDUCATION IN UNIQUE COMMUNITIES | $150,000 |
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $144,134 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $76,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Youth Leadership Inc Vass, NC | $7,695,228 | $7,596,341 |
Great Falls-Reston Soccer Club Great Falls, VA | $1,898,429 | $2,810,731 |
Southwestern Youth Association Inc Centreville, VA | $3,423,364 | $1,936,325 |
Coalition For Kids Inc Johnson City, TN | $1,061,508 | $1,620,502 |
Boys & Girls Clubs Of York County Inc Rock Hill, SC | $405,637 | $1,018,043 |
Boys And Girls Club Of Transylvania County Inc Brevard, NC | $5,160,904 | $1,796,583 |
Lionheart Incorporated Fredericksburg, VA | $461,193 | $1,334,314 |
In The City Camp Inc Atlanta, GA | $210,512 | $1,428,732 |
Boys & Girls Clubs Of The Piedmont Inc Statesville, NC | $4,265,356 | $1,450,077 |
Youth Encouragement Services Inc Nashville, TN | $3,874,177 | $2,149,460 |
Coastal Futbol Alliance Inc Murrells Inlet, SC | $530,031 | $1,157,275 |
Boys & Girls Clubs Of North Georgia Jasper, GA | $3,145,033 | $1,484,721 |