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Wlvt Re INC

Not tax-deductible

Bethlehem, PAMutual-benefit / member-servingSince 2010Public & Societal BenefitEIN 27-4185043

To hold title to property, collecting the income therefrom and turning over the entire amount therof, less expenses, exclusively to lehigh valley public telecommunications corporation ("lvpt").

100¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $131K a year · 55% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$1K
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
0% vs prior year
Spent
$371K
To programs
100%
Net assets
$10.7M
By yearFY2020–FY2024
Revenue
$240K
FY20240%
Revenue by fiscal year
FY2020$240K
FY2021$240K
FY2022$241K
FY2023$240K
FY2024$240K
FY2024$240K
Expenses
$371K
FY2024-0.04%
Expenses by fiscal year
FY2020$371K
FY2021$371K
FY2022$371K
FY2023$371K
FY2024$372K
FY2024$371K
Net assets
$10.7M
FY2024▼ -1%
Net assets by fiscal year
FY2020$11.4M
FY2021$11.2M
FY2022$11.1M
FY2023$11.0M
FY2024$10.8M
FY2024$10.7M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $371K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Timothy Fallon
President/CEO, Thru 6/24
$0Pt VII · Sec A
Arthur Troccoli
CFO, Thru 3/24
$0Pt VII · Sec A
$0Pt VII · Sec A
Laks Srinivasan
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Luis Campos
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wlvt Re 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages property, collects income, and transfers net funds to its related entity.

Provided by the organization

This section is blank until Wlvt Re INC claims this page.

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1 program service account for $371K of program spending, described in the organization's own filed words · FY2024.
01

To hold title to property, collecting the income therefrom and turning over the entire amount therof, less expenses, exclusively to lehigh valley public telecommunications corporation ("LVPT").

$371Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$240K
Money outPt IX
$371K
Ln 25
Programscol B$371K
Owns and owesPt X
$10.7M
net assets · Ln 32
Total assetsLn 16$10.7M
LiabilitiesLn 26$1K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$240K
Total revenueLn 12$240K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$8.8M
Other assetsLn 15$1.9M
Total assetsLn 16$10.7M
LiabilitiesLn 26$1K
Net assetsLn 32$10.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Land, buildings, equipmentLn 10c$9.2M$8.8M
Total assetsLn 16$10.8M$10.7M
LiabilitiesLn 26$2K$1K
Net assetsLn 32$10.8M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K
Depreciation, depletion and amortizationLn 22$369K
Total functional expensesLn 25$371K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $240K$372K−$132K$10.8M 990 PDF
FY2023 $240K$371K−$131K$11.0M 990 PDF
FY2022 $241K$371K−$130K$11.1M 990 PDF
FY2021 $240K$371K−$131K$11.2M 990 PDF
FY2020 $240K$371K−$131K$11.4M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $240,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $240,000$240,000
VIII-12 Total revenueRelated to mission $240,000 · Unrelated business $0 · Excluded from tax $0$240,000
Part IX · Statement of functional expenses $371,417 across 2 lines filed
IX-11c Accounting fees$2,265
IX-22 Depreciation, depletion and amortization$369,152
IX-25 Total functional expenses$371,417
Part X · Balance sheet $10,703,227 assets, 8 lines filed
X-10c Land, buildings and equipment, netStart of year $9,190,672$8,821,521
X-15 Other assetsStart of year $1,644,585$1,881,706
X-16 Total assetsStart of year $10,835,257$10,703,227
X-17 Accounts payable and accrued expensesStart of year $1,665$1,052
X-26 Total liabilitiesStart of year $1,665$1,052
X-27 Net assets without donor restrictionsStart of year $10,833,592$10,702,175
X-32 Total net assets or fund balancesStart of year $10,833,592$10,702,175
X-33 Total liabilities and net assetsStart of year $10,835,257$10,703,227
Part XI · Reconciliation of net assets $10,702,175 net assets at year end
XI-1 Total revenue$240,000
XI-2 Total expenses$371,417
XI-3 Revenue less expenses−$131,417
XI-4 Net assets at start of year$10,833,592
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,702,175

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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