Wam Impact Partners INC

Dover, DEUnknown exempt organization EIN 85-1734577Revenue $800K in FY2022

On file with the IRSwam.academy1221 College Park Drive · Dover, DE

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To provide revolutionary mentoring experience to Black, Brown and traditionally underserved youth via a digital platform that tracks student social emotional grown and character development

57¢ of each $1 spent went to programs.
Run by 125 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $800K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$800K
Spent
$698K
To programs
57%
Net assets
$271K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $396K Management & general 19% · $133K Fundraising 24% · $169K

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; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Executive Director
$167,455Pt VII · Sec A
Chief Operating Officer
$45,434Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wam Impact Partners INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underserved youth through digital mentoring, tracking social-emotional growth and character development.

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Provided by the organization

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3 programs · $396K · in their own filed words · FY2022
01

WAM Impact Partners designed the programmatic experience with the assistance of experts, partners, and additional research. Modules were created during this time. The scope and sequence is now aligned with school based practices due to this cultivated expert driven research.

$195Kprogram expense
02

Starting this endeavor meant building from the ground up, researching what we needed and how to best serve our eventual audience which would be learners in 5-12th grade. We needed to hire consultants to research the latest SEL developments, how to capture data,

$126Kprogram expense
03

Attended various conferences, meetings with protential donors and platform users. This line was also used to convene consultants plan out quarterly and yearly goals. Attending these conferences and building a name was essential in learing what would be most helpful for educators as they navigate the needs of 5-12th grade learners, as…

$75Kprogram 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 · FY2022
Impactassets INCFY2022$800K
Total grants receivedfrom 1 funder$800K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$800K
Ln 12
Gifts and grantsLn 1h$800K
Money outPt IX
$698K
Ln 25
Programscol B$396K
Managementcol C$133K
Fundraisingcol D$169K
Owns and owesPt X
$271K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$800K
Total revenueLn 12$800K
Assets in detailPt X, end of year
CashLn 1$271K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$0
Net assetsLn 32$271K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6125
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$169K$271K
Total assetsLn 16$169K$271K
LiabilitiesLn 26$0$0
Net assetsLn 32$169K$271K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$213K$18K$85K$111K
Management feesLn 11a$98K$98K$0$0
Legal feesLn 11b$10K$7K$3K$0
Accounting feesLn 11c$6K$0$6K$0
Professional fundraising feesLn 11e$35K$35K
Advertising and promotionLn 12$10K$7K$0$2K
Office expensesLn 13$23K$6K$18K$0
Information technologyLn 14$58K$58K$0$0
OccupancyLn 16$10K$0$10K$0
TravelLn 17$20K$0$6K$13K
Conferences, conventions and meetingsLn 19$64K$55K$0$8K
Other expenses (24a–d)Ln 24$152K$147K$5K$0
Total functional expensesLn 25$698K$396K$133K$169K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $800K$698K$102K$271K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $800,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,000$800,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $250,000$800,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$212,889
I-16a Professional fundraising fees$35,000
I-17 Other expensesPrior year $80,877$449,886
I-18 Total expensesPrior year $80,877$697,775
I-19 Revenue less expensesPrior year $169,123$102,225
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $800,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$800,000
VIII-1h Total contributions, gifts and grants$800,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$800,000
Part IX · Statement of functional expenses $697,775 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $17,500 · Management $84,869 · Fundraising $110,520$212,889
IX-11a Management feesPrograms $97,802 · Management $0 · Fundraising $0$97,802
IX-11b Legal feesPrograms $7,000 · Management $3,000 · Fundraising $0$10,000
IX-11c Accounting feesPrograms $0 · Management $5,700 · Fundraising $0$5,700
IX-11e Professional fundraising feesFundraising $35,000$35,000
IX-12 Advertising and promotionPrograms $7,452 · Management $0 · Fundraising $2,200$9,652
IX-13 Office expensesPrograms $5,700 · Management $17,630 · Fundraising $0$23,330
IX-14 Information technologyPrograms $58,000 · Management $0 · Fundraising $0$58,000
IX-16 OccupancyPrograms $0 · Management $9,975 · Fundraising $0$9,975
IX-17 TravelPrograms $0 · Management $6,325 · Fundraising $13,248$19,573
IX-19 Conferences, conventions and meetingsPrograms $55,400 · Management $0 · Fundraising $8,303$63,703
IX-24 Other expenses (24a–d)Programs $147,051 · Management $5,100 · Fundraising $0$152,151
IX-25 Total functional expensesPrograms $395,905 · Management $132,599 · Fundraising $169,271$697,775
Part X · Balance sheet $271,348 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $169,123$271,348
X-16 Total assetsStart of year $169,123$271,348
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $169,123$271,348
X-33 Total liabilities and net assetsStart of year $169,123$271,348
Part XI · Reconciliation of net assets $271,348 net assets at year end
XI-1 Total revenue$800,000
XI-2 Total expenses$697,775
XI-3 Revenue less expenses$102,225
XI-4 Net assets at start of year$169,123
XI-10 Net assets at end of year$271,348

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

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