Wedc Foundation Inc
- Assets
- $1.3m
- Revenue
- $354.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Huntsville, AL
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 63-1207448
Organization Overview
Wedc Foundation Inc is located in Huntsville, AL. The organization was established in 1999. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wedc Foundation 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, Wedc Foundation Inc generated $354.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $235.8k during the year ending 12/2021. While expenses have increased by 8.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL, FINANCIAL AND MENTORING SUPPORT FOR ECONOMICALLY DISADVANTAGED WOMEN STRIVING TO IMPROVE THEIR LIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL, FINANCIAL, AND MENTORING SUPPORT FOR ECONOMICALLY DISADVANTAGED WOMEN STRIVING TO IMPROVE THEIR LIVES. ALL FUNDS DISBURSED TO INDIVIDUALS ARE CANDIDATES FOR A DEGREE AT A QUALIFIED EDUCATIONAL ORGANIZATION, WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF STUDENTS IN ATTENDENCE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Linton Executive Director | Officer | 40 | $71,625 |
Lauren Smith Vice President | OfficerTrustee | 4 | $0 |
Tamra Ozbolt Secretary | OfficerTrustee | 4 | $0 |
Kandy Gardner Treasurer | OfficerTrustee | 4 | $0 |
Lynn Motley President | OfficerTrustee | 4 | $0 |
Karen Morris Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $227,767 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,450 |
| Total Program Service Revenue | $0 |
| Investment income | $55,979 |
| 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 | $354,429 |
| 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. | $71,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,403 |
| Office expenses | $314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,198 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500 |
| 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 | $1,125,190 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,347,845 |
| Accounts payable and accrued expenses | $14,135 |
| 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 | $14,135 |
| Net assets without donor restrictions | $1,327,971 |
| Net assets with donor restrictions | $5,739 |
| 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 | $1,347,845 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wedc Foundation Inc has recieved totaling $2,564.
| Awarding Organization | Amount |
|---|---|
Foundation 1781 Huntsville, AL PURPOSE: ANNUAL WOMEN HONORING WOMEN EVENT - SPONSORSHIP | $2,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Florida Cares Health System Inc Orlando, FL | $26,850,905 | $93,939,616 |
Family Support Services Of North Florida Inc Jacksonville, FL | $6,700,580 | $67,905,456 |
Metropolitan Charities Inc St Petersburg, FL | $19,170,032 | $35,048,023 |
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Kids Wish Network Inc Palm Harbor, FL | $3,451,102 | $12,542,226 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Tampa Hillsborough Homeless Initiative Tampa, FL | $4,250,151 | $9,737,223 |
Marion Senior Services Inc Ocala, FL | $7,181,619 | $7,456,492 |