Wayfinding Academy EIN 47-2943786

Wayfinding Academy FY2021 filing

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Offers an alternative model for higher and post-secondary education. For fiscal year 2021 it reported $493K in revenue, $560K in expenses, and $-170K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Portland, OR
Website
www.wayfindingacademy.org
Filings
4 on file (2020–2021)
Revenue
$493KFY2021
Expenses
$560K
Net assets
$-170K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-2943786 Unknown exempt organization Portland, OR
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →
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Size
$100K–1M
What they do
Offers an alternative model for higher and post-secondary education.
Leadership
Michelle Jones · President · $30K
Money in and out
$493K revenue, $560K expenses
Bottom line
-14% surplus margin
Reported financial activity · FY2021
Total revenue
$493K
Pt VIII · Ln 12
Total expenses
$560K
Pt IX · Ln 25
Net assets
$-170K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.18 Fundraising $0.06
Surplus margin
-14%
revenue over expenses, this year
Program spending
76%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$493K
FY2021▲ +32%
Expenses
$560K
FY2021▲ +18%
Total assets
$140K
FY2021▼ -51%
Total liabilities
$310K
FY2021▼ -21%
Total revenue
$493K
Pt VIII · Ln 12
Total expenses
$560K
Pt IX · Ln 25
Net assets
$-170K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$140K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $294K of program spending, described in the organization's own filed words · FY2020.
01

Core Curriculum

Delivering instructions to the students.

$105Kprogram expense
02

Guide Program

Our advising and portfolio development activities for the students.

$100Kprogram expense
03

Our matchmaking is focused on identifying prospective students and enrolling them into our two year program.

$89Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWayfinding Academy
EINHdr · item D47-2943786
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.wayfindingacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$29,849Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Michelle Jones$33,083$34,649$29,849$29,848

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
Contributions & grants$254K · 51%
Program service revenue$236K · 48%
Other revenue$4K · 1%
Contributions & grants51%$254K
Program service revenue48%$236K
Other revenue1%$4K
Total revenueLn 12$493K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.18 Fundraising $0.06
Program services76%$426K
Management & general18%$101K
Fundraising6%$33K
Total functional expensesLn 25$560K

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$140K
Total liabilitiesLn 26$310K
Total net assetsLn 32$-170K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $48K · Operating expenses/yr $560K
1.0 months
Where the money goes
Program services
Program services $426K · Total expenses $560K
76%
Management & General
Management & general $101K · Total expenses $560K
18%
Fundraising
Fundraising $33K · Total expenses $560K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $32K · Solicited contributions (2-yr avg) $204K
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $254K · Total revenue $493K
51%
Government reliance
Government grants — · Total revenue $493K
Earned-income share
Program service revenue $236K · Total revenue $493K
48%
Investment reliance
Investment income $0 · Total revenue $493K
0%
Program self-sufficiency
Program service revenue $236K · Total expenses $560K
42%
Growth & trend
Revenue growth (YoY)
This year $493K · Prior year $374K
+32%
Net-asset trend (YoY)
End of year $-170K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $493K · Expenses $560K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $140K
Net-asset ratio
Net assets $-170K · Total assets $140K
-121%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $140K
0%
People & payroll
Highest Reported Total Compensation
Individual Michelle Jones · Reported title President · Highest reported compensation $30K · Total expenses $560K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $214K · Total expenses $560K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 18%
Fundraising cost ratio 13%
Revenue growth 32%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$174
Grants paid · 4 grants · $114K · 2019–2021
Unitemized GrantFY2021$28,878
Unitemized GrantFY2020$66,668
Unitemized GrantFY2019$9,100
Unitemized GrantFY2019$9,100

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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
FY2023 (Latest)$597K revenue · ⤓ 990 PDF
FY2022$315K revenue · ⤓ 990 PDF
FY2021$493K revenue · viewing · ⤓ 990 PDF
FY2020$374K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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