Is it real?
Yes. Exemption reinstated (2025-11-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in Mar 2026.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
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
4 people listed on the 990; $82K paid to officers and key staff.
Rachel Davis’s $107K as CEO is at the 76th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|
| Rachel Davis | $106,621 | $78,783 | $82,000 | $84,567 |
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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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
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Empowers low-income individuals, women, minorities, and veterans with entrepreneurial training for economic independence.
Questions for Greater Wealth Works
Your first name shows with your question. Greater Wealth Works answers here, for everyone.
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Promotion of Self Sufficiency through entrepreneurial training
Womens Business Enterprise Center to Develop New and Existing Businesses Owned by Female Entrepreneurs
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $24K | $15K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $47K | $15K |
| LiabilitiesLn 26 | $46K | $47K |
| Net assetsLn 32 | $1K | −$32K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $82K | $62K | $20K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $56K | $46K | $9K | |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $7K | $6K | $1K | |
| Payroll taxesLn 10 | $9K | $8K | $2K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $14K | $12K | $2K | |
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $30K | $28K | $2K | |
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $20K | $17K | $3K | |
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $3K | $3K | $519 | |
| Other expenses (24a–d)Ln 24 | $20K | $16K | $3K | |
| All other expensesLn 24e | $19K | $16K | $3K | |
| Total functional expensesLn 25 | $260K | $213K | $47K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest | $186K | $20K | 990 PDF | ||
| FY2021 | $198K | −$59K | 990 PDF | ||
| FY2020 Viewing | $227K | $260K | −$34K | −$32K | 990 PDF |
| FY2019 | $250K | $266K | −$16K | −$3K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $226,652 revenue, 12 lines filed
Part VI · Governance 12 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $226,652 across 10 lines filed
Part IX · Statement of functional expenses $260,408 across 31 lines filed
Part X · Balance sheet $14,919 assets, 20 lines filed
Part XI · Reconciliation of net assets −$32,374 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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