Way Back Inn Foundation FY2020 filing

Renton, WAUnknown exempt organization EIN 91-1548418Revenue $254K in FY2020

On file with the IRSway-back-inn.orgPo Box 621 · Renton, WA

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Way Back Inn provides transitional housing, up to 2 years, to homeless families. In addition, we provide rent, utility, and commute assistance to those in danger of losing their current residence.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $19K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $98K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$254K
Spent
$229K
To programs
96%
Net assets
$625K
By yearFY2020–FY2024
Revenue
$254K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$254K
FY2021$285K
FY2022$189K
FY2023$140K
FY2024$166K
Expenses
$229K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$229K
FY2021$246K
FY2022$243K
FY2023$247K
FY2024$165K
Net assets
$625K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$625K
FY2021$641K
FY2022$587K
FY2023$480K
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $218K Management & general 0% · $943 Fundraising 4% · $9K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Way Back Inn Foundation 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 15aYes

Programs and updates

Offers transitional housing and financial aid to homeless families and those at risk of losing their homes.

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Provided by the organization

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2 programs · $218K · in their own filed words · FY2020
01

Way Back Inn's main program is to provide transitional housing for homeless families with children. Ranging in time from 30 days to 2 years, this housing provides security, a home address to assist with education and/or occupation searches, and stability.

$202Kprogram expense
02

Helping to prevent homelessness by providing utility, moving and housing assistance to those in danger of losing their home.

$17Kprogram 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 · FY2024
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$254K
Ln 12
Gifts and grantsLn 1h$229K
Fees for servicesLn 2g$25K
Investment incomeLn 3$788
Money outPt IX
$229K
Ln 25
Programscol B$218K
Managementcol C$943
Fundraisingcol D$9K
Owns and owesPt X
$625K
net assets · Ln 32
Cash and savingsLn 1–2$275K
Total assetsLn 16$632K
LiabilitiesLn 26$7K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$229K
Government grantsLn 1e$17K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$25K
Investment incomeLn 3$788
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$188K
Cash and savings togetherLn 1–2$275K
Land, buildings, equipmentLn 10c$357K
Total assetsLn 16$632K
LiabilitiesLn 26$7K
Net assetsLn 32$625K
OperationsPt I, VI
EmployeesI 54
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$221K$275K
Land, buildings, equipmentLn 10c$364K$357K
Total assetsLn 16$585K$632K
LiabilitiesLn 26$9K$7K
Net assetsLn 32$576K$625K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$17K$17K
Grants and assistance to foreign recipientsLn 3$0$0
Other salaries and wagesLn 7$106K$106K$0$0
Other employee benefitsLn 9$5K$5K$0$0
Payroll taxesLn 10$11K$11K$0$0
Professional fundraising feesLn 11e$6K$6K
Advertising and promotionLn 12$512$512
Office expensesLn 13$2K$2K
OccupancyLn 16$53K$53K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$595$595
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$5K$4K$943
Total functional expensesLn 25$229K$218K$943$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $166K$165K$123$0 990 PDF
FY2023 $140K$247K−$107K$480K 990 PDF
FY2022 $189K$243K−$54K$587K 990 PDF
FY2021 $285K$246K$39K$641K 990 PDF
FY2020 Viewing $254K$229K$26K$625K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $254,287 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,569$228,837
I-9 Program service revenuePrior year $16,290$24,662
I-10 Investment incomePrior year $1,654$788
I-11 Other revenuePrior year $28,645$0
I-12 Total revenuePrior year $189,158$254,287
I-13 Grants and similar amounts paidPrior year $5,482$16,811
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $121,565$121,715
I-16a Professional fundraising feesPrior year $2,969$6,315
I-17 Other expensesPrior year $96,487$83,704
I-18 Total expensesPrior year $226,503$228,545
I-19 Revenue less expensesPrior year −$37,345$25,742
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $254,287 across 12 lines filed
VIII-1a Federated campaigns$12,507
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$16,689
VIII-1f All other contributions, gifts and grants$199,641
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$228,837
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,662 · Unrelated business $0 · Excluded from tax $0$24,662
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $788$788
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $24,662 · Unrelated business $0 · Excluded from tax $788$254,287
Part IX · Statement of functional expenses $228,545 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $16,811$16,811
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-7 Other salaries and wagesPrograms $105,724 · Management $0 · Fundraising $0$105,724
IX-9 Other employee benefitsPrograms $5,321 · Management $0 · Fundraising $0$5,321
IX-10 Payroll taxesPrograms $10,670 · Management $0 · Fundraising $0$10,670
IX-11e Professional fundraising feesFundraising $6,315$6,315
IX-12 Advertising and promotionFundraising $512$512
IX-13 Office expensesFundraising $2,284$2,284
IX-16 OccupancyPrograms $53,055$53,055
IX-17 TravelPrograms $4,994$4,994
IX-19 Conferences, conventions and meetingsPrograms $595$595
IX-22 Depreciation, depletion and amortizationPrograms $17,375$17,375
IX-23 InsurancePrograms $3,946 · Management $943$4,889
IX-25 Total functional expensesPrograms $218,491 · Management $943 · Fundraising $9,111$228,545
Part X · Balance sheet $632,105 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $94,554$86,372
X-2 Savings and temporary cash investmentsStart of year $126,925$188,282
X-10c Land, buildings and equipment, netStart of year $363,947$357,451
X-16 Total assetsStart of year $585,426$632,105
X-17 Accounts payable and accrued expensesStart of year $9,427$6,743
X-26 Total liabilitiesStart of year $9,427$6,743
X-27 Net assets without donor restrictionsStart of year $565,225$604,079
X-28 Net assets with donor restrictionsStart of year $10,774$21,283
X-32 Total net assets or fund balancesStart of year $575,999$625,362
X-33 Total liabilities and net assetsStart of year $585,426$632,105
Part XI · Reconciliation of net assets $625,362 net assets at year end
XI-1 Total revenue$254,287
XI-2 Total expenses$228,545
XI-3 Revenue less expenses$25,742
XI-4 Net assets at start of year$575,999
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$23,621
XI-10 Net assets at end of year$625,362

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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