THE WIRELESS FOUNDATION

EIN: 521708229 501(c)(3)

WASHINGTON, DC

Total Revenue
$1,803,885
Total Expenses
$1,250,248
Total Assets
$34,178,321
Net Assets
$34,103,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
MEREDITH ATTWELL BAKER
Phone
2027363257
Tax Period
2023-01-01 to 2023-12-31

THE WIRELESS FOUNDATION, founded in 1991, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $554K, a strong 31% operating margin.

Mission

THE WIRELESS FOUNDATION INITIATES AND OVERSEES PHILANTHROPIC PROGRAMS THAT UTILIZE WIRELESS TECHNOLOGY TO HELP AMERICANS AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $659,021 Revenue: $0

CATALYST - CATALYST IS A COMPETITIVE GRANTS PROGRAM THAT ACCELERATES THE WORK OF SOCIAL ENTREPRENEURS USING WIRELESS TO TACKLE PRESSING HEALTH AND WELLNESS CHALLENGES ACROSS AMERICAN COMMUNITIES...

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CATALYST - CATALYST IS A COMPETITIVE GRANTS PROGRAM THAT ACCELERATES THE WORK OF SOCIAL ENTREPRENEURS USING WIRELESS TO TACKLE PRESSING HEALTH AND WELLNESS CHALLENGES ACROSS AMERICAN COMMUNITIES. CATALYST AWARD RECIPIENTS USE THE POWER OF WIRELESS TO CREATE INNOVATIVE, COMPASSIONATE SOLUTIONS TO INCREASE ACCESS TO PERSONALIZED CARE AND STRENGTHEN THE HUMAN CONNECTION. CATALYST SEEKS TO PUSH THE BOUNDARIES OF WHAT IS POSSIBLE THROUGH WIRELESS TECHNOLOGY.

Program 2
Expenses: $119,173 Revenue: $0

ACCELERATOR - ACCELERATOR PARTNERSHIPS IS A PROGRAM SUPPORTING NONPROFIT AND MISSION-DRIVEN ENTERPRISES THAT FACILITATE TECH SOCIAL ENTREPRENEURS' WORK. WITH AN EMPHASIS ON IMPACT AT SCALE, THE...

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ACCELERATOR - ACCELERATOR PARTNERSHIPS IS A PROGRAM SUPPORTING NONPROFIT AND MISSION-DRIVEN ENTERPRISES THAT FACILITATE TECH SOCIAL ENTREPRENEURS' WORK. WITH AN EMPHASIS ON IMPACT AT SCALE, THE FOUNDATION PARTNERS WITH ORGANIZATIONS THAT NURTURE AND DEVELOP THE POTENTIAL OF SOCIAL ENTREPRENEURS TO DELIVER POSITIVE OUTCOMES MADE POSSIBLE BY WIRELESS TECHNOLOGY.

Program 3
Expenses: $85,458 Revenue: $0

CHANGEMAKER AWARD - CHANGEMAKER AWARDS SUPPORT CTIA - THE WIRELESS ASSOCIATION'S ("THE ASSOCIATION") WORK TO HIGHLIGHT THE WIRELESS INDUSTRY'S EFFORTS TO ADDRESS SOCIAL CHALLENGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $232,467
Program Service Revenue $0
Investment Income $1,671,324
Other Revenue $-99,906
TOTAL REVENUE $1,803,885

Expense Breakdown

Grants Paid $440,000
Salaries & Benefits $0
Fundraising Expenses $30,027
Program Expenses $1,038,560
Other Expenses $810,248
TOTAL EXPENSES $1,250,248

Year-over-Year Comparison

2023 2022 Change
Revenue $1,803,885 $1,955,746 -0.1%
Expenses $1,250,248 $1,084,919 +0.2%
Net Income $553,637 $870,827 -0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$5,159,174
Total Directors
11
$5,159,174
Key Employees
1
$353,412
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEREDITH A BAKER PRESIDENT 1.0
Officer Director
$0 $602,203 $4,282,024
JAMIE HASTINGS SECRETARY 1.0
Officer Director
$0 $77,719 $877,150
DOLORES KREIGER EXECUTIVE DIRECTOR 40.0
Key Emp
$0 $66,702 $353,412
EDUARDO ARTHUR CHAIRMAN 1.0
Officer Director
$0 $0 $0
BARBARA BAFFER DIRECTOR 1.0
Director
$0 $0 $0
BLAKE TYE DIRECTOR 1.0
Director
$0 $0 $0
MICHAEL O'BRIEN DIRECTOR 1.0
Director
$0 $0 $0
CARRIE HUGHES VICE CHAIRWOMAN 1.0
Officer Director
$0 $0 $0
RAQUEL NORIEGA DIRECTOR 1.0
Director
$0 $0 $0
ANDREA HOGAN TREASURER 1.0
Officer Director
$0 $0 $0
MICHELE THOMAS DIRECTOR (AS OF 10/2023) 1.0
Officer Director
$0 $0 $0
CLINT ODOM DIRECTOR (UNTIL 9/2023) 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,803,885 $1,250,248 $34,178,321 $553,637
2022 $1,955,746 $1,084,919 $31,599,585 $870,827
2021 $2,185,328 $1,267,927 $35,119,176 $917,401
2020 $1,392,886 $885,038 $33,107,896 $507,848
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