Way Enterprises INC

Tax-deductible

San Marcos, CA501(c)(3)EducationEIN 87-1149599

To provide excellence in early childhood education and care. Resourcing and equipping families on whole child formation.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 2 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 14% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
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
$354K
Spent
$322K
To programs
95%
Net assets
$70K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2025.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $305K Management & general 5% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$46,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gregory Denham II’s $46K as CEO is at the 37th percentile of top reported officer pay among 1613 $100K–1M education 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.

See Way Enterprises 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers excellent early childhood education and equips families for whole child development.

Provided by the organization

This section is blank until Way Enterprises INC claims this page.

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1 program service account for $305K of program spending, described in the organization's own filed words · FY2024.
01

Provide private school education and care to 3-5 year old. Provide excellence and quality education and care above state standards.

$305Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$328K
Gifts and grantsLn 1h$26K
Investment incomeLn 3$7
Money outPt IX
$322K
Ln 25
Programscol B$305K
Managementcol C$16K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$70K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Noncash giftsLn 1g$26K
Fees for servicesLn 2g$328K
Investment incomeLn 3$7
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Total assetsLn 16$70K
LiabilitiesLn 26$0
Net assetsLn 32$70K
OperationsPt I, VI
EmployeesI 54
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$37K$68K
Total assetsLn 16$37K$70K
LiabilitiesLn 26$19$0
Net assetsLn 32$37K$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80$80
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$46K$46K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$135K$135K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$17K$17K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$618$618
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$11K$1K$10K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$31K$31K
TravelLn 17$221$221
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$2K$2K
Other expenses (24a–d)Ln 24$68K$68K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$322K$305K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $354K$322K$33K$70K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $354,246 across 6 lines filed
VIII-1f All other contributions, gifts and grants$25,879
VIII-1g Noncash contributions (included above)$25,879
VIII-1h Total contributions, gifts and grants$25,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $328,360$328,360
VIII-3 Investment incomeExcluded from tax $7$7
VIII-12 Total revenueRelated to mission $328,360 · Excluded from tax $7$354,246
Part IX · Statement of functional expenses $321,508 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $80$80
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $46,000$46,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $134,965$134,965
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $16,510$16,510
IX-11a Management fees$0
IX-11b Legal feesManagement $3,289$3,289
IX-11c Accounting feesManagement $618$618
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $4,854$4,854
IX-12 Advertising and promotionManagement $1,178$1,178
IX-13 Office expensesPrograms $1,350 · Management $9,633$10,983
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $30,824$30,824
IX-17 TravelPrograms $221$221
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,207$2,207
IX-24 Other expenses (24a–d)Programs $68,475$68,475
IX-24e All other expensesManagement $1,304$1,304
IX-25 Total functional expensesPrograms $305,486 · Management $16,022 · Fundraising $0$321,508
Part X · Balance sheet $69,524 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $36,805$67,969
X-4 Accounts receivable$1,555
X-16 Total assetsStart of year $36,805$69,524
X-26 Total liabilitiesStart of year $19$0
X-27 Net assets without donor restrictionsStart of year $36,786$69,524
X-32 Total net assets or fund balancesStart of year $36,786$69,524
X-33 Total liabilities and net assetsStart of year $36,805$69,524
Part XI · Reconciliation of net assets $69,524 net assets at year end
XI-1 Total revenue$354,246
XI-2 Total expenses$321,508
XI-3 Revenue less expenses$32,738
XI-4 Net assets at start of year$36,786
XI-10 Net assets at end of year$69,524

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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