Waycraft INC FY2022 filing

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Provides competitive and value added services to our customers and produce income to our employees who are disabled

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $74K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $163K in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-8% vs prior year
Spent
$1.0M
To programs
95%
Net assets
$705K
By yearFY2020–FY2025
Revenue
$1.1M
FY2022▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$668K
FY2025$1.1M
Expenses
$1.0M
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$888K
FY2021$964K
FY2022$1.0M
FY2023$1.0M
FY2024$826K
FY2025$977K
Net assets
$705K
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$533K
FY2021$716K
FY2022$705K
FY2023$798K
FY2024$657K
FY2025$828K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1969.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $992K Management & general 5% · $47K

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; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director/CEO
$19,437Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tabitha Smith’s $60K as Director/CEO is at the 7th percentile of top reported officer pay among 1245 $1–10M employment 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tabitha Smith$59,641$57,612$51,704$19,437——
Vincent Ponziani————$50,197$50,616

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.

See Waycraft INC executive salaries →

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 jobs and training to people with disabilities, providing them with income and valuable skills.

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1 program · $992K · in their own filed words · FY2022
01

Waycraft provides competitive, value added services for our customers, acclimate the employees vocational opportunities to foster financial independence, producing income to support individual employees.

$992Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$33

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$511
Investment incomeLn 3$9
Money outPt IX
$1.0M
Ln 25
Programscol B$992K
Managementcol C$47K
Owns and owesPt X
$705K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$741K
LiabilitiesLn 26$36K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$511
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$9
Gains on assetsLn 7−$7K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$99K
Accounts receivableLn 4$116K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$358K
InvestmentsLn 11–13$163K
Total assetsLn 16$741K
LiabilitiesLn 26$36K
Net assetsLn 32$705K
OperationsPt I, VI
EmployeesI 570
VolunteersI 68
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 FY22End FY22
Cash and savingsLn 1–2$73K$99K
InvestmentsLn 11–13$193K$163K
Land, buildings, equipmentLn 10c$383K$358K
Total assetsLn 16$753K$741K
LiabilitiesLn 26$37K$36K
Net assetsLn 32$716K$705K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$19K
Other salaries and wagesLn 7$710K$710K
Other employee benefitsLn 9$42$42
Payroll taxesLn 10$69K$69K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$3K$3K
Information technologyLn 14$9K$9K
OccupancyLn 16$39K$39K
TravelLn 17$316$316
Conferences, conventions and meetingsLn 19$40$40
InterestLn 20$78$78
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$68K$47K$20K
All other expensesLn 24e$71K$65K$6K
Total functional expensesLn 25$1.0M$992K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $1.1M$977K$145K$828K 990 PDF
FY2024Filed with the IRS May 12, 2025 $668K$826K−$158K$657K 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.1M$1.0M$55K$798K 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $1.1M$1.0M$13K$705K 990 PDF
FY2021Filed with the IRS May 16, 2022 $1.1M$964K$182K$716K 990 PDF
FY2020Filed with the IRS Jul 29, 2021 $1.1M$888K$207K$533K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,052,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $827$511
I-9 Program service revenuePrior year $1,001,664$1,056,609
I-10 Investment incomePrior year $1,093−$7,293
I-11 Other revenuePrior year $142,675$2,181
I-12 Total revenuePrior year $1,146,259$1,052,008
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $737,761$797,521
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $226,287$241,806
I-18 Total expensesPrior year $964,048$1,039,327
I-19 Revenue less expensesPrior year $182,211$12,681
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $1,052,008 across 8 lines filed
Lines not itemized here account for $20,969 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$511
VIII-1h Total contributions, gifts and grants$511
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,035,640$1,035,640
VIII-3 Investment incomeExcluded from tax $9$9
VIII-7 Net gain or loss on sales of assetsRelated to mission −$7,302−$7,302
VIII-8 Net income from fundraising events$1,350
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $831$831
VIII-12 Total revenueRelated to mission $1,050,138 · Excluded from tax $9$1,052,008
Part IX · Statement of functional expenses $1,039,327 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $19,437$19,437
IX-7 Other salaries and wagesPrograms $709,532$709,532
IX-9 Other employee benefitsPrograms $42$42
IX-10 Payroll taxesPrograms $68,510$68,510
IX-11f Investment management feesManagement $2,473$2,473
IX-12 Advertising and promotionPrograms $6,435$6,435
IX-13 Office expensesManagement $3,157$3,157
IX-14 Information technologyPrograms $8,800$8,800
IX-16 OccupancyPrograms $39,132$39,132
IX-17 TravelPrograms $316$316
IX-19 Conferences, conventions and meetingsPrograms $40$40
IX-20 InterestPrograms $78$78
IX-22 Depreciation, depletion and amortizationPrograms $27,604$27,604
IX-23 InsuranceManagement $15,679$15,679
IX-24 Other expenses (24a–d)Programs $47,382 · Management $20,180$67,562
IX-24e All other expensesPrograms $64,825 · Management $5,705$70,530
IX-25 Total functional expensesPrograms $992,133 · Management $47,194 · Fundraising $0$1,039,327
Part X · Balance sheet $740,742 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $72,100$97,973
X-2 Savings and temporary cash investmentsStart of year $1,060$1,064
X-4 Accounts receivableStart of year $101,380$115,508
X-9 Prepaid expenses and deferred chargesStart of year $2,653$5,062
X-10c Land, buildings and equipment, netStart of year $383,337$358,456
X-11 Publicly traded securitiesStart of year $192,511$162,679
X-16 Total assetsStart of year $753,041$740,742
X-17 Accounts payable and accrued expensesStart of year $37,339$35,931
X-26 Total liabilitiesStart of year $37,339$35,931
X-27 Net assets without donor restrictionsStart of year $715,702$704,811
X-32 Total net assets or fund balancesStart of year $715,702$704,811
X-33 Total liabilities and net assetsStart of year $753,041$740,742
Part XI · Reconciliation of net assets $704,811 net assets at year end
XI-1 Total revenue$1,052,008
XI-2 Total expenses$1,039,327
XI-3 Revenue less expenses$12,681
XI-4 Net assets at start of year$715,702
XI-5 Net unrealized gains (losses) on investments−$23,572
XI-10 Net assets at end of year$704,811

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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