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Wake the World FY2023 filing

Tax-deductible

Asheboro, NC501(c)(3)Recreation & SportsEIN 27-4618346Revenue $95K in FY2023

On file with the IRSwaketheworld.org339 Legend Dr, 27205-7530 · Asheboro, NCTax-exempt since Sep 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Providing love & encouragement through watersports for underprivileged children and handicapable persons.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 5
filings with a surplus
Average surplus $7K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95K
+31% vs prior year
Spent
$110K
To programs
87%
Net assets
$193K
By yearFY2020–FY2024
Revenue
$95K
FY2023▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$102K
FY2022$72K
FY2023$95K
FY2024$157K
Expenses
$110K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$33K
FY2021$90K
FY2022$113K
FY2023$110K
FY2024$99K
Net assets
$193K
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$237K
FY2021$249K
FY2022$208K
FY2023$193K
FY2024$251K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $96K Management & general 13% · $14K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
K Greg Hodgin
President/Board Member
$0Pt VII · Sec A
Scott Dunn
Board Member
$0Pt VII · Sec A
Eddie Trogdon
Treasurer/Board Member
$0Pt VII · Sec A
Shaun Brinkle
Board Member
$0Pt VII · Sec A
Reynolds Lisk
Board Member
$0Pt VII · Sec A
Lois Hodgin
Secretary/Board Member
$0Pt VII · Sec A
Ryan Caroll
Board Member
$0Pt VII · Sec A
See Wake the World 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

Offers watersports to bring joy and support to children and people with disabilities.

Questions for Wake the World

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Provided by the organization

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1 program · $96K · in their own filed words · FY2023
01

Wake the World events

$96Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Jm Jobe Family Foundation INCFY2024$1K
Burns Family FoundationFY2024$450
Total grants receivedfrom 2 funders$2K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$95K
Ln 12
Gifts and grantsLn 1h$95K
Money outPt IX
$110K
Ln 25
Programscol B$96K
Managementcol C$14K
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$193K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Total revenueLn 12$95K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$70K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$193K
LiabilitiesLn 26$0
Net assetsLn 32$193K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$95K$70K
Land, buildings, equipmentLn 10c$113K$122K
Total assetsLn 16$208K$193K
LiabilitiesLn 26$0$0
Net assetsLn 32$208K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$117$0$117$0
Office expensesLn 13$1K$0$1K$0
TravelLn 17$12K$12K$0$0
Depreciation, depletion and amortizationLn 22$29K$29K$0$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$62K$54K$8K$0
Total functional expensesLn 25$110K$96K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $157K$99K$58K$251K 990 PDF
FY2023 Viewing $95K$110K−$15K$193K 990 PDF
FY2022 $72K$113K−$41K$208K 990 PDF
FY2021 $102K$90K$12K$249K 990 PDF
FY2020 $52K$33K$20K$237K 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 FY2023 990 (6 parts)
Part I · Summary $94,751 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,140$94,751
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $72,140$94,751
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $113,474$109,808
I-18 Total expensesPrior year $113,474$109,808
I-19 Revenue less expensesPrior year −$41,334−$15,057
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $94,751 across 3 lines filed
VIII-1f All other contributions, gifts and grants$94,751
VIII-1h Total contributions, gifts and grants$94,751
VIII-12 Total revenueUnrelated business $0$94,751
Part IX · Statement of functional expenses $109,808 across 6 lines filed
IX-11c Accounting feesPrograms $0 · Management $117 · Fundraising $0$117
IX-13 Office expensesPrograms $0 · Management $1,035 · Fundraising $0$1,035
IX-17 TravelPrograms $12,500 · Management $0 · Fundraising $0$12,500
IX-22 Depreciation, depletion and amortizationPrograms $29,153 · Management $0 · Fundraising $0$29,153
IX-23 InsurancePrograms $0 · Management $4,743 · Fundraising $0$4,743
IX-24 Other expenses (24a–d)Programs $54,354 · Management $7,906 · Fundraising $0$62,260
IX-25 Total functional expensesPrograms $96,007 · Management $13,801 · Fundraising $0$109,808
Part X · Balance sheet $192,572 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $52,269$29,906
X-2 Savings and temporary cash investmentsStart of year $42,807$40,306
X-10c Land, buildings and equipment, netStart of year $112,553$122,360
X-16 Total assetsStart of year $207,629$192,572
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $207,629$192,572
X-33 Total liabilities and net assetsStart of year $207,629$192,572
Part XI · Reconciliation of net assets $192,572 net assets at year end
XI-1 Total revenue$94,751
XI-2 Total expenses$109,808
XI-3 Revenue less expenses−$15,057
XI-4 Net assets at start of year$207,629
XI-10 Net assets at end of year$192,572

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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