GREENWAY EDUCATIONAL INITIATIVE INC

EIN: 881950846 501(c)(3) Religion

LEESBURG, VA

Total Revenue
$1,126,539
Total Expenses
$941,322
Total Assets
$220,318
Net Assets
$185,317
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Principal Officer
GREG WIGFIELD
Phone
7038407409
Tax Period
2023-01-01 to 2023-12-31

GREENWAY EDUCATIONAL INITIATIVE INC, founded in 2022, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $185K, a strong 16% operating margin.

Mission

OUR MISSION AT DESTINY SCHOOL OF THE ARTS IS TO ACHIEVE ACADEMIC EXCELLENCE THROUGH ARTS INTEGRATION. AS AN ORGANIZATION WE STRIVE TO OBTAIN EXCELLENCE IN ALL WE DO AS WE SERVE OUR STUDENTS AND OUR COMMUNITY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $264,536
Program Service Revenue $849,744
Investment Income $4,786
Other Revenue $7,473
TOTAL REVENUE $1,126,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538,692
Fundraising Expenses $30,413
Program Expenses $696,787
Other Expenses $402,630
TOTAL EXPENSES $941,322

Year-over-Year Comparison

2023 2022 Change
Revenue $1,126,539 N/A N/A
Expenses $941,322 N/A N/A
Net Income $185,217 $0 N/A
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
3
Independent Members
N/A
Employees
44
Volunteers
35

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
3
$63,974
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG WIGFIELD PRESIDENT 0.00
Officer
$0 $0 $0
JENNIFER WIGFIELD SECRETARY 40.00
Officer
$0 $0 $63,974
RYAN WIGFIELD TREASURER 0.00
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 $1,126,539 $941,322 $220,318 $185,217
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