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Wesley at Murray INC FY2020 filing

Tax-deductible

Cordova, TN501(c)(3)Housing EIN 31-1779474Revenue $218K in FY2020

On file with the IRSwesleyliving.com1615 Appling Rd, 38016-4907 · Cordova, TNTax-exempt since Feb 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To provide housing and services to very low and extremely low income elderly.

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

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FY2020 · 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
2 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
132% of total assets
Concern: liabilities are 132% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
Spent
$255K
To programs
78%
Net assets
−$418K
By yearFY2020–FY2024
Revenue
$218K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$218K
FY2021$239K
FY2022$262K
FY2023$312K
FY2024$319K
Expenses
$255K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$255K
FY2021$273K
FY2022$274K
FY2023$286K
FY2024$294K
Net assets
−$418K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$418K
FY2021−$452K
FY2022−$464K
FY2023−$438K
FY2024−$413K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Feb 2002.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $198K Management & general 22% · $57K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Scott Blount
Chairperson
$0Pt VII · Sec A
Mary Lou Cushing
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rev Andrew Thompson
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wesley at Murray 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

Offers housing and support services to seniors with very low incomes.

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Provided by the organization

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1 program · $198K · in their own filed words · FY2020
01

Wesley at murray, inc. Is a not-for-profit general welfare corporation formed in february 2001, in accordance with the not-for-profit statutes of the commonwealth of kentucky. The corporation was formed for the purpose of operating a 27-UNIT community located in murray, kentucky known as wesley at murray, which provides housing and…

$198Kprogram 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
Woodmenlife Outreach FoundationFY2024$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$124K
Fees for servicesLn 2g$94K
Investment incomeLn 3$24
Money outPt IX
$255K
Ln 25
Programscol B$198K
Managementcol C$57K
Owns and owesPt X
−$418K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Government grantsLn 1e$124K
Fees for servicesLn 2g$94K
Investment incomeLn 3$24
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$119K
Cash and savings togetherLn 1–2$134K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$17K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32−$418K
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
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 FY20End FY20
Cash and savingsLn 1–2$115K$134K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$1.7M$1.7M
Net assetsLn 32−$381K−$418K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$34K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$24K$24K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$472$472
Office expensesLn 13$22K$22K
OccupancyLn 16$81K$81K
Conferences, conventions and meetingsLn 19$591$591
Depreciation, depletion and amortizationLn 22$60K$60K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$255K$198K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $319K$294K$25K−$413K 990 PDF
FY2023 $312K$286K$26K−$438K 990 PDF
FY2022 $262K$274K−$12K−$464K 990 PDF
FY2021 $239K$273K−$34K−$452K 990 PDF
FY2020 Viewing $218K$255K−$37K−$418K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $218,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $130,894$123,889
I-9 Program service revenuePrior year $86,441$94,260
I-10 Investment incomePrior year $746$24
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $218,081$218,173
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $44,164$45,530
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $204,085$209,721
I-18 Total expensesPrior year $248,249$255,251
I-19 Revenue less expensesPrior year −$30,168−$37,078
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $218,173 across 5 lines filed
VIII-1e Government grants$123,889
VIII-1h Total contributions, gifts and grants$123,889
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,260$94,260
VIII-3 Investment incomeExcluded from tax $24$24
VIII-12 Total revenueRelated to mission $94,260 · Unrelated business $0 · Excluded from tax $24$218,173
Part IX · Statement of functional expenses $255,251 across 11 lines filed
IX-7 Other salaries and wagesPrograms $33,559$33,559
IX-9 Other employee benefitsPrograms $10,513$10,513
IX-10 Payroll taxesPrograms $1,458$1,458
IX-11a Management feesManagement $24,289$24,289
IX-11c Accounting feesManagement $9,327$9,327
IX-12 Advertising and promotionManagement $472$472
IX-13 Office expensesManagement $22,128$22,128
IX-16 OccupancyPrograms $81,386$81,386
IX-19 Conferences, conventions and meetingsManagement $591$591
IX-22 Depreciation, depletion and amortizationPrograms $59,854$59,854
IX-24 Other expenses (24a–d)Programs $11,674$11,674
IX-25 Total functional expensesPrograms $198,444 · Management $56,807 · Fundraising $0$255,251
Part X · Balance sheet $1,326,920 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $13,997$14,891
X-2 Savings and temporary cash investmentsStart of year $101,086$119,317
X-4 Accounts receivableStart of year $355$558
X-9 Prepaid expenses and deferred chargesStart of year $17,120$23,132
X-10c Land, buildings and equipment, netStart of year $1,204,362$1,152,480
X-15 Other assetsStart of year $17,103$16,542
X-16 Total assetsStart of year $1,354,023$1,326,920
X-17 Accounts payable and accrued expensesStart of year $16,188$27,110
X-19 Deferred revenueStart of year $1,156$570
X-25 Other liabilitiesStart of year $8,373$8,012
X-26 Total liabilitiesStart of year $1,735,017$1,744,992
X-27 Net assets without donor restrictionsStart of year −$380,994−$418,072
X-32 Total net assets or fund balancesStart of year −$380,994−$418,072
X-33 Total liabilities and net assetsStart of year $1,354,023$1,326,920
Part XI · Reconciliation of net assets −$418,072 net assets at year end
XI-1 Total revenue$218,173
XI-2 Total expenses$255,251
XI-3 Revenue less expenses−$37,078
XI-4 Net assets at start of year−$380,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$418,072

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

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