Wcv INC EIN 11-3400678

Wcv INC

EIN  11-3400678 Public charity (501(c)(3)) Brooklyn, NY
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Size
<$100K
What they do
An arts and culture nonprofit based in Brooklyn, NY. It reported about $71K in revenue for 2024.
Leadership
Wally Cardona · Treasurer · $29K
Money in and out
$71K revenue, $70K expenses
Bottom line
5.2mo operating runway

An arts and culture nonprofit based in Brooklyn, NY. It reported about $71K in revenue for 2024. For fiscal year 2024 it reported $71K in revenue, $70K in expenses, and $31K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$71K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.95
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +107% vs prior filing year
Donor-funded
71%
of revenue is gifts & grants▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$71K
FY2024▲ +76%
Total revenue
$71K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$31K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$31K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWcv INC
EINHdr · item D11-3400678
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwcvismorphing.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A620)
Ruling yearIRS BMFMar 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$28,800Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Wally Cardona’s $29K as Treasurer is at the 84th percentile of top reported officer pay among 249 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023
Wally Cardona$28,800$28,800$28,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue100%$71K
Total revenueLn 12$71K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95
Program services95%$67K
Total functional expensesLn 25$70K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$31K
Total liabilitiesLn 26$0
Total net assetsLn 32$31K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $70K
5.2 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $51K · Total revenue $71K
71%
Government reliance
not reported
Earned-income share
Program service revenue $20K · Total revenue $71K
29%
Investment reliance
Investment income $42 · Total revenue $71K
0%
Program self-sufficiency
Program service revenue $20K · Total expenses $70K
29%
Growth & trend
Revenue growth (YoY)
This year $71K · Prior year $40K
+76%
Net-asset trend (YoY)
End of year $31K · Beginning of year $29K
+5%
Balance sheet
Surplus Margin
Revenue $71K · Expenses $70K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $31K
Net-asset ratio
Net assets $31K · Total assets $31K
100%
People & payroll
Highest Reported Total Compensation
Individual Wally Cardona · Reported title TREASURER · Highest reported compensation $29K · Total expenses $70K
41%
Personnel share
Salaries & benefits $29K · Total expenses $70K
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Revenue growth 76%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$40K revenue · ⤓ 990 PDF
FY2023$37K revenue · ⤓ 990 PDF
FY2022$39K revenue · ⤓ 990 PDF
FY2021$39K revenue · ⤓ 990 PDF
FY2020$11K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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