Witan Corp EIN 83-2817231 Form 990 (PDF) Claim this org

Witan Corp FY2022 filing

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Encourages women's volunteerism, civic education, and fundraising for community needs. For fiscal year 2022 it reported $128K in revenue, $248K in expenses, and $499K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Fairlawn, OH
Filings
4 on file (2022–2022)
Revenue
$128KFY2022
Expenses
$248K
Net assets
$499K
People
22
Filings
4
Updates
0
More identity details & actions ⌄
EIN  83-2817231 Public charity (501(c)(3)) Fairlawn, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Encourages women's volunteerism, civic education, and fundraising for community needs.
Leadership
Mega Rankin · Communications
Money in and out
$128K revenue, $248K expenses
Bottom line
73% program efficiency
Where the money goes · FY2022
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$120K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27 Fundraising $0.00
Program efficiency
73%
of spending reaches programs
Operating runway
24.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-93%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$128K
FY2022
Expenses
$248K
FY2022
Total assets
$499K
FY2022
Total liabilities
$0
FY2022
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$248K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$120K
Total assetsPt X · Ln 16$499K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWitan Corp
EINHdr · item D83-2817231
Principal addressHdr · item CFairlawn, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S81)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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 (FY2021); the FY2022 filing did not itemize Part VII
Communications
$0Pt VII · Sec A
Volunteers
$0Pt VII · Sec A
French Market Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Meetings & Events
$0Pt VII · Sec A
See Witan Corp executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $181K of program spending, described in the organization's own filed words · FY2021.
01

Grants- Civic- In its history, WITAN Corp has given money and hours of volunteer service to the greater Akron Community

$181Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$64K · 50%
Other revenue$64K · 50%
Contributions & grants50%$64K
Other revenue50%$64K
Total revenueLn 12$128K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27 Fundraising $0.00
Program services73%$181K
Management & general27%$66K
Fundraising$582
Total functional expensesLn 25$248K

Balance Sheet

Part X · end of year
CashLn 1$499K
Total assetsLn 16$499K
Total liabilitiesLn 26$0
Total net assetsLn 32$499K
Months of cash on handcomputed24.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $499K · Operating expenses/yr $248K
24.2 months
Where the money goes
Program services
Program services $181K · Total expenses $248K
73%
Management & General
Management & general $66K · Total expenses $248K
27%
Fundraising
Fundraising $582 · Total expenses $248K
0.2%
Cost to raise $1
Fundraising expense $582 · Solicited contributions $64K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $128K
50%
Government reliance
Government grants — · Total revenue $128K
Earned-income share
Program service revenue $0 · Total revenue $128K
0%
Investment reliance
Investment income $0 · Total revenue $128K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $248K
0%
Growth & trend
Revenue growth (YoY)
This year $128K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $128K · Expenses $248K
-93%
Liabilities-to-Assets
Total liabilities — · Total assets $499K
Net-asset ratio
Net assets $499K · Total assets $499K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $499K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mega Rankin · Reported title Communications · Highest reported compensation $0 · Total expenses $248K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $248K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0.9%
Investment management fee ratio 1%
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 · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$55K
See all 3 funders →
Grants paid · 30 grants · $294K · 2021–2024
Open MOH · FY2024$10,000
Open MOH · FY2023$10,000
Peter Maurin Center of AkronOH · FY2023$10,000
Vincent House INCNY · FY2023$7,500
Limitless Ambition INCOH · FY2023$7,000
Core Furniture BankOH · FY2023$7,000
Blessings in a Backpack INCKY · FY2023$7,000
Crossings AkronOH · FY2023$6,336
Core Furniture BankOH · FY2022$10,000
Open MOH · FY2022$10,000
The Rape Crisis CenterOH · FY2022$10,000
Battered Womens ShelterOH · FY2022$10,000
Blessings in a Backpack INCKY · FY2022$8,000
See all 30 grants →

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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)$210K revenue · ⤓ 990 PDF
FY2024$177K revenue · ⤓ 990 PDF
FY2023$171K revenue · ⤓ 990 PDF
FY2022$128K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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