Local Initiative For Transformation - Wc Inc
- Assets
- $49.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Webster City, IA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-4220326
Organization Overview
Local Initiative For Transformation - Wc Inc is located in Webster City, IA. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Initiative For Transformation - Wc 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, Local Initiative For Transformation - Wc Inc generated $41.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Pulis Director | 2 | $0 | |
John Hawkins Vice President | 5 | $0 | |
Darcy Swon Secretary | 5 | $0 | |
Shannon Swon Director | 2 | $0 | |
Zachary S Chizek Treasurer | 5 | $0 | |
Lindsay Henderson President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $160 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $41,322 |
| Total Revenue | $41,482 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,280 |
| Occupancy, rent, utilities, and maintenance | $1,443 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,357 |
| Total expenses | $38,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,152 |
| Other assets | $0 |
| Total assets | $49,059 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,059 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Local Initiative For Transformation - Wc Inc has recieved totaling $23,500.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $17,500 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,000 |
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|---|---|---|
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Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |
Experimental Station Chicago, IL | $1,624,397 | $2,920,468 |
Midwest Consruction & Distribution Industry Benefit Trust Eagan, MN | $4,510,406 | $1,947,839 |