Wesley Alumni Association

Los Angeles, CAUnknown exempt organizationEIN 95-3674863Revenue $218K in FY2021

On file with the IRS550 Loring Avenue · Los Angeles, CA

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Provide financial assistance to the united methodist church (umc) campus ministry at UCLA and financial assistance to the education of youth through fine arts supporting judeo-christian beliefs. Funds generated by investing endowment funds and donations for members and friends.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $146K a year · 63% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
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
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
-13% vs prior year
Spent
$93K
To programs
100%
Net assets
$2.1M
By yearFY2020–FY2021
Revenue
$218K
FY2021▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$249K
FY2021$218K
Expenses
$93K
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$82K
FY2021$93K
Net assets
$2.1M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.1M

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $93K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President/Treas
$0Pt VII · Sec A
See Wesley Alumni Association 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 15aNo

Programs and updates

Supports United Methodist campus ministry and youth fine arts education with financial aid.

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Provided by the organization

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2 programs · $93K · in their own filed words · FY2021
01

Westwood foundation serving ucla. Fund for program of the foundation's outreach to students at ucla and scholarship of seminary students.

$74Kprogram expense
02

Westwood united methodist church's children and youth music program.

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $143K · 2020–2021
Westwood United MethodistFY2021$15,000
Individual RecipientFY2020$53,000
Westwood United MethodistFY2020$15,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Investment incomeLn 3$218K
Money outPt IX
$93K
Ln 25
Programscol B$93K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$218K
Gains on assetsLn 7$0
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$0
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2K$2K
InvestmentsLn 11–13$2.0M$2.1M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$93K$93K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $218K$93K$124K$2.1M 990 PDF
FY2020 $249K$82K$167K$2.0M 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 FY2021 990 (6 parts)
Part I · Summary $217,522 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $249,392$217,522
I-11 Other revenue$0
I-12 Total revenuePrior year $249,392$217,522
I-13 Grants and similar amounts paidPrior year $68,000$75,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,995$18,036
I-18 Total expensesPrior year $81,995$93,036
I-19 Revenue less expensesPrior year $167,397$124,486
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $217,522 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $217,522$217,522
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $217,522$217,522
Part IX · Statement of functional expenses $93,036 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $15,813$15,813
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 Insurance$0
IX-24 Other expenses (24a–d)Programs $2,223$2,223
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $93,036 · Management $0 · Fundraising $0$93,036
Part X · Balance sheet $2,118,807 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,039$1,843
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,992,282$2,116,963
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $1,994,321$2,118,807
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,039$1,843
X-28 Net assets with donor restrictionsStart of year $1,992,282$2,116,964
X-32 Total net assets or fund balancesStart of year $1,994,321$2,118,807
X-33 Total liabilities and net assetsStart of year $1,994,321$2,118,807
Part XI · Reconciliation of net assets $2,118,807 net assets at year end
XI-1 Total revenue$217,522
XI-2 Total expenses$93,036
XI-3 Revenue less expenses$124,486
XI-4 Net assets at start of year$1,994,321
XI-10 Net assets at end of year$2,118,807

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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