Wireless Zone Foundation for Giving INC

IRS exemption revoked

Rocky Hill, CTUnknown exempt organizationEIN 03-0515666Revenue $637K in FY2020

On file with the IRSwirelesszone.com/about-foundation.php795 Brook Street · Rocky Hill, CT

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To provide grants and to qualified 501(c)(3) charitable organizations in our contributors' communities and the continental U.S.

98¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $723
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$62K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 12 voting members
Worth a look: 5 of 12 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$637K
Spent
$691K
To programs
98%
Net assets
$395K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $679K Management & general 2% · $11K Fundraising 0% · $400

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Pres. /Director
$0Pt VII · Sec A
Secretary/Dir.
$0Pt VII · Sec A
Treasurer/Direc
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wireless Zone Foundation for Giving INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to qualified charities in contributors' communities and across the U.S.

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Provided by the organization

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1 program · $679K · in their own filed words · FY2020
01

Grants to qualified 501(c)(3) organizations as selected by Board of Directors from Wireless Zone employee and franchisee suggestions. 156 organizations received grants of $2,000. 22 of these organizations received additional grants of at least $4,000 up to $10,000. 10 grants of $5,000 were awarded based on director recommendations.

$679Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 2 funders$723
Grants paid · 23 grants · $335K · 2020–2020
No Kid HungryDC · FY2020$25,000
Homes for Our Troops INCMA · FY2020$25,000
Childrens Tumor FoundationNY · FY2020$25,000
Autism Speaks INCDC · FY2020$25,000
Loaves and Fishes TooMN · FY2020$12,000
Kids' Food Basket INCMI · FY2020$10,000
Pacific House INCCT · FY2020$7,000
Kid MuseumMD · FY2020$7,000
See all 23 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$637K
Ln 12
Gifts and grantsLn 1h$635K
Investment incomeLn 3$2K
Money outPt IX
$691K
Ln 25
Programscol B$679K
Managementcol C$11K
Fundraisingcol D$400
Owns and owesPt X
$395K
net assets · Ln 32
Cash and savingsLn 1–2$302K
Total assetsLn 16$456K
LiabilitiesLn 26$62K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$635K
Investment incomeLn 3$2K
Gains on assetsLn 7$241
Total revenueLn 12$637K
Assets in detailPt X, end of year
CashLn 1$302K
SavingsLn 2$0
Cash and savings togetherLn 1–2$302K
InvestmentsLn 11–13$68K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$456K
LiabilitiesLn 26$62K
Net assetsLn 32$395K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$325K$302K
InvestmentsLn 11–13$66K$68K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$448K$456K
LiabilitiesLn 26$0$62K
Net assetsLn 32$448K$395K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$679K$679K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$471$471
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$838$838
Other expenses (24a–d)Ln 24$3K$3K$400
All other expensesLn 24e$0
Total functional expensesLn 25$691K$679K$11K$400

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $637K$691K−$53K$395K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $637,418 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $649,357$635,255
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,732$2,163
I-11 Other revenuePrior year −$15,735$0
I-12 Total revenuePrior year $637,354$637,418
I-13 Grants and similar amounts paidPrior year $666,896$679,268
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,120$11,613
I-18 Total expensesPrior year $690,016$690,881
I-19 Revenue less expensesPrior year −$52,662−$53,463
Part VI · Governance 5 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $637,418 across 9 lines filed
VIII-1d Related organizations$451,000
VIII-1f All other contributions, gifts and grants$184,255
VIII-1h Total contributions, gifts and grants$635,255
VIII-3 Investment incomeExcluded from tax $1,922$1,922
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $241$241
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $2,163$637,418
Part IX · Statement of functional expenses $690,881 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $679,268$679,268
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,250$7,250
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $471$471
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $838$838
IX-24 Other expenses (24a–d)Management $2,654 · Fundraising $400$3,054
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $679,268 · Management $11,213 · Fundraising $400$690,881
Part X · Balance sheet $456,397 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $324,978$301,620
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $56,708$85,956
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $838$1,000
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $65,535$67,821
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $448,059$456,397
X-18 Grants payable$36,500
X-19 Deferred revenue$25,143
X-26 Total liabilitiesStart of year $0$61,643
X-27 Net assets without donor restrictionsStart of year $438,059$394,754
X-32 Total net assets or fund balancesStart of year $448,059$394,754
X-33 Total liabilities and net assetsStart of year $448,059$456,397
Part XI · Reconciliation of net assets $394,754 net assets at year end
XI-1 Total revenue$637,418
XI-2 Total expenses$690,881
XI-3 Revenue less expenses−$53,463
XI-4 Net assets at start of year$448,059
XI-5 Net unrealized gains (losses) on investments$158
XI-10 Net assets at end of year$394,754

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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