W3 PHILANTHROPIC VENTURES INC

EIN: 813035978 501(c)(3) Education

BOWIE, MD

Total Revenue
$15,860
Total Expenses
$13,752
Total Assets
$20,648
Net Assets
$20,648
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MD
Principal Officer
WEYDEN WEDDERBURN
Tax Period
2023-01-01 to 2023-12-31

W3 PHILANTHROPIC VENTURES INC, founded in 2016, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $14K left a modest 13% surplus.

Mission

TO PROMOTE AND SUPPORT HOLISTIC DEVELOPMENT OF PEOPLE AND COMMUNITIES THAT MAY BE CHALLENGED

Program Service Accomplishments

Program 1
Expenses: $11,157 Revenue: $6,605

MOVING HAITI FORWARD IS THE INAUGURAL GLOBAL AND SOCIAL CAUSE INITIATIVE UNDERTAKEN BY W3PV, INC. THIS VENTURE WAS INITIATED IN RESPONSE TO THE MASSIVE DEVASTATION THAT THE HAITIAN PEOPLE EXPERIENCE...

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MOVING HAITI FORWARD IS THE INAUGURAL GLOBAL AND SOCIAL CAUSE INITIATIVE UNDERTAKEN BY W3PV, INC. THIS VENTURE WAS INITIATED IN RESPONSE TO THE MASSIVE DEVASTATION THAT THE HAITIAN PEOPLE EXPERIENCE FROM THE EARTHQUAKE IN 2010 AND HURRICANE MATTHEW IN 2016. THE AIM IS TO ASSIST WITH MATERIALS AND SUPPLIES TO OVERCOME IMPEDIMENTS TO SELF-SUFFICIENCY. THE LONG-TERM GOAL OF THIS EFFORT IS TO BUILD A SHELTER AND FACILITY THAT CAN BE USED AS TEMPORARY ACCOMMODATIONS BEFORE AND AFTER THE OCCURRENCE OF NATURAL DISASTERS.

Program 2

THE TURIANI PROJECT (TANZANIA LIBRARY)

Program 3
Revenue: $225

TROY E. QUINN SCHOLARSHIP FUND IS THE INAUGURAL EDUCATIONAL INITIATIVE ESTABLISHED BY W3PV, INC. IN ITS EFFORTS TO SUPPORT CONTINUED ACCESS TO QUALITY EDUCATION AT OUR HISTORICALLY BLACK COLLEGES AND...

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TROY E. QUINN SCHOLARSHIP FUND IS THE INAUGURAL EDUCATIONAL INITIATIVE ESTABLISHED BY W3PV, INC. IN ITS EFFORTS TO SUPPORT CONTINUED ACCESS TO QUALITY EDUCATION AT OUR HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS). THIS SCHOLARSHIP PROGRAM HOUSED AT MORGAN STATE UNIVERSITY IN BALTIMORE, MARYLAND, DESIGNATED A NATIONAL TREASURE BY THE NATIONAL TRUST FOR HISTORIC PLACES, WILL ASSIST DESERVING STUDENTS TO CLAIM THEIR RIGHTFUL PLACE ON THE CONTINUUM OF HIGHER EDUCATION OBTAINMENT AND ECONOMIC IMPACT. THE FUND DIRECTLY ADDRESSES THE ISSUE OF PROVIDING TEXTBOOKS AND OTHER CRITICAL NEEDS TO CURRENT AND FUTURE SCHOLARS.

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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 $0
Program Service Revenue $15,860
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,157
Other Expenses $13,752
TOTAL EXPENSES $13,752

Year-over-Year Comparison

2023 2022 Change
Revenue $15,860 $14,682 +0.1%
Expenses $13,752 $21,365 -0.4%
Net Income $2,108 $-6,683 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WEYDEN WEDDERBURN CEO AND PRESIDENT 40.00
Officer
$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 $15,860 $13,752 $20,648 $2,108
2022 $14,682 $21,365 $18,066 $-6,683
2021 $36,977 $17,230 $25,493 $19,747
2020 $15,957 $12,159 $5,746 $3,798
2019 $12,227 $14,303 $1,948 $-2,076
2018 $19,672 $16,276 $4,024 $3,396
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