Wagilabs EIN 81-2914215

Wagilabs

EIN  81-2914215 Public charity (501(c)(3)) Charlottesville, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers children worldwide to create innovative solutions and become changemakers through education and mentorship.
Leadership
Charles Thompson · Exec Directo
Money in and out
$186K revenue, $46K expenses
Bottom line
92% program efficiency

Empowers children worldwide to create innovative solutions and become changemakers through education and mentorship. For fiscal year 2025 it reported $186K in revenue, $46K in expenses, and $741K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$741K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $140K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs0% vs prior filing year
Operating runway
193.3mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+75%
revenue over expenses, this year▼ -18% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$186K
FY2025▼ -43%
Expenses
$46K
FY2025▲ +80%
Total assets
$741K
FY2025▲ +23%
Total liabilities
$0
FY2025
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$741K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$140K
Total assetsPt X · Ln 16$741K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $42K of program spending, described in the organization's own filed words · FY2024.
01

Key Accomplishments

Fiscal year 2024 (july 1, 2024-JUNE 30, 2025) keynote addresses: wagilabs was featured at major conferences on entrepreneurship and innovation, including: cornell university life changing labs conference young entrepreneurship institute conference university of virginia e-cup competition asu thunderbird social innovation conference…

$42Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWagilabs
EINHdr · item D81-2914215
Principal addressHdr · item CCharlottesville, VA
WebsiteHdr · item Jwww.wagilabs.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Directo
$0Pt VII · Sec A
CFO / Treasu
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wagilabs executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$150K · 80%
Investment income$26K · 14%
Program service revenue$10K · 5%
Contributions & grants80%$150K
Investment income14%$26K
Program service revenue5%$10K
Total revenueLn 12$186K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$42K
Management & general7%$3K
Fundraising1%$439
Total functional expensesLn 25$46K

Balance Sheet

Part X · end of year
CashLn 1$741K
Total assetsLn 16$741K
Total liabilitiesLn 26$0
Total net assetsLn 32$741K
Months of cash on handcomputed193.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $741K · Operating expenses/yr $46K
193.3 months
Where the money goes
Program services
Program services $42K · Total expenses $46K
92%
Management & General
Management & general $3K · Total expenses $46K
7%
Fundraising
Fundraising $439 · Total expenses $46K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $300 · Solicited contributions (2-yr avg) $214K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $150K · Total revenue $186K
80%
Government reliance
Government grants — · Total revenue $186K
Earned-income share
Program service revenue $10K · Total revenue $186K
5%
Investment reliance
Investment income $26K · Total revenue $186K
+14%
Program self-sufficiency
Program service revenue $10K · Total expenses $46K
22%
Growth & trend
Revenue growth (YoY)
This year $186K · Prior year $327K
-43%
Net-asset trend (YoY)
End of year $741K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $186K · Expenses $46K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $741K
Net-asset ratio
Net assets $741K · Total assets $741K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $741K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Thompson · Reported title EXEC DIRECTO · Highest reported compensation $0 · Total expenses $46K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $46K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -43%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$300K

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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
FY2025 (Latest)$186K revenue · viewing · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$53K revenue · ⤓ 990 PDF
FY2022$20K revenue · ⤓ 990 PDF
FY2021$10K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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