Wrap Project INC FY2023 filing

Tax-deductible

Tahlequah, OK501(c)(3)Since 2022Community DevelopmentEIN 88-1193141

Wrap project INC. Is dedicated to increasing access to transportation, healthy foods, health care, literacy, protective factors, culture, substance abuse prevention, education, training, career development, community resources, poverty, drug abuse, recovery, suicide prevention, k

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 3
years in the black
Pt I · Ln 19 · 3 filings
How much reaches the programs?
95%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$29K
to officers and key staff · 6% of spending
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
3
named funders · $61K
Funders’ Sch. I, 990-PF
Do they carry debt?
$306K
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$615K
×18 vs prior year
Spent
$500K
To programs
95%
Net assets
$133K
By yearFY2022–FY2025
Revenue
$615K
FY2023▲ ×18
Revenue by fiscal year
FY2022$33K
FY2023$615K
FY2024$1.4M
FY2025$2.1M
Expenses
$500K
FY2023
Expenses by fiscal year
FY2022Not on file
FY2023$500K
FY2024$1.5M
FY2025$2.1M
Net assets
$133K
FY2023▲ +534%
Net assets by fiscal year
FY2022$21K
FY2023$133K
FY2024$113K
FY2025$160K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CWrap Project INC
EINHdr · item D88-1193141
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2023
Year of formationHdr · item L2022
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CTahlequah, OK
NTEE classificationIRS BMFCommunity Development (S12)
WebsiteHdr · item Jwww.wrapproject.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$476K
Management & general5%$24K
Total functional expensesLn 25$500K

Financial health

Is it on solid ground?

Program efficiency
95%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$439K
FY2023
Total assets by fiscal year
FY2022Not on file
FY2023$439K
FY2024$742K
FY2025$609K
Total liabilities
$306K
FY2023
Total liabilities by fiscal year
FY2022Not on file
FY2023$306K
FY2024$629K
FY2025$449K
Revenue less expensesPt I · Ln 19$115K
Total assetsPt X · Ln 16$439K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$174K
Total assetsLn 16$439K
Total liabilitiesLn 26$306K
Total net assetsLn 32$133K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Contributions & grants$351K · 57%
Program service revenue$202K · 33%
Other revenue$62K · 10%
Contributions & grants57%$351K
Program service revenue33%$202K
Other revenue10%$62K
— government grantsLn 1e$350K
Total revenueLn 12$615K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $174K · Operating expenses/yr $500K
4.2 months
Where the money goes
Program services
Program services $476K · Total expenses $500K
95%
Management & General
Management & general $24K · Total expenses $500K
5%
Fundraising
Fundraising $0 · Total expenses $500K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $700
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $351K · Total revenue $615K
57%
Government reliance
Government grants $350K · Total revenue $615K
57%
Earned-income share
Program service revenue $202K · Total revenue $615K
33%
Investment reliance
Investment income $0 · Total revenue $615K
0%
Program self-sufficiency
Program service revenue $202K · Total expenses $500K
40%
Growth & trend
Revenue growth (YoY)
This year $615K · Prior year $33K
×18
Net-asset trend (YoY)
End of year $133K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $615K · Expenses $500K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $439K
—
Net-asset ratio
Net assets $133K · Total assets $439K
30%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $439K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Arnold Todd Riggs · Reported title PRESIDENT · Highest reported compensation $16K · Total expenses $500K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $276K · Total expenses $500K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Revenue growth ×18——
Accounting fee ratio 1.0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$16,346Pt VII · Sec A
Executive Director
$12,492Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Special Projects Officer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Terri Garrett’s $85K as Executive Director is at the 13th percentile of top reported officer pay among 2832 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2023
Terri Garrett$85,115$12,492
Arnold Todd Riggs$22,747$16,346

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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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Provides access to essential resources like food, healthcare, education, and support for recovery.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $476K of program spending, described in the organization's own filed words · FY2023.
01

We serve around 250 in tahlequah and 200 in wagoner for the adult programs that increase access to transportation, healthy foods, healthcare, literacy, protection, culture, prevention, education, training, career dev, recovery, and community resources. We also serve 300 within our boys and girls programs.

$476Kprogram expense

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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 · FY2024
Total grants receivedfrom 3 funders$61K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $2.1M$2.1M+48% 990 PDF
FY2024 $1.4M$1.5M+134% 990 PDF
FY2023 Viewing $615K$500K×18 990 PDF
FY2022 $33K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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