Overview
What is Wmeg Inc?
Wmeg Inc is a nonprofit organization that organizes a street festival to celebrate the achievements and advance education about the LGBT community. Their primary mission is to offer resources and information related to cultural events within this community. Through their festival, they aim to promote understanding and support for the LGBT community, while providing valuable resources and opportunities for cultural engagement.
Official website here: www.wmeg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Wmeg Inc has received a low score of 39%, resulting in a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Missing policies related to conflict of interest, whistleblower protection, and document retention further contribute to the organization's lack of transparency.
Despite these criticisms, Wmeg Inc shows a strong commitment to its programmatic spending, with a program expense ratio of 87.61%. This suggests that a substantial portion of its funds is directed towards its mission-related activities rather than administrative costs. However, the high liabilities to assets ratio of 402.66% highlights severe financial instability, putting its operational viability at risk.
Overall, the lack of essential governance structures and financial information, such as missing financial statements and tax documents on its website, raises serious concerns about Wmeg Inc's ability to effectively manage resources and maintain donor trust. Potential donors should exercise caution and seek further information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Wmeg Inc legitimate?
Wmeg Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wmeg Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wmeg.org
What is the mission statement of Wmeg Inc?
Wmeg Inc, through its activities, is committed to celebrating the accomplishments of the LGBT community and promoting education about their experiences. The organization provides a platform for this through a street festival. Furthermore, Wmeg Inc serves as a resource center, offering information about the resources available to the LGBT community. In essence, the mission of Wmeg Inc is to support and uplift the LGBT community by celebrating their achievements, fostering education, and offering valuable resources.
Official website here: www.wmeg.org
Who is the CEO of Wmeg Inc?
Jeffrey Sterling is the Chief Executive Officer of Wmeg Inc. The CEO's salary of Wmeg Inc is $0 and their total compensation is $0.
Official website here: www.wmeg.org
What is the revenue of Wmeg Inc?
Wmeg Inc's revenue in 2022 was $1,085,809.
Official website here: www.wmeg.org
Who are the executives of Wmeg Inc and what are their salaries?
There are 4 employees and 64 volunteers at Wmeg Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wmeg.org
Where can I find the form 990 for Wmeg Inc?
Wmeg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmeg.org
Learn more at the official website: www.wmeg.org
Mission Statement of Wmeg Inc
Wmeg Inc, an organization dedicated to cultural events, takes on a mission to celebrate the accomplishments of the LGBT community and educate the public about the resources available to this community. Their primary activity is the provision of a street festival, serving as a platform to showcase the achievements of the LGBT community and disseminate information about the resources that support this community. By organizing such events, Wmeg Inc contributes to the promotion of cultural diversity and the empowerment of the LGBT community.
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Impact
July, 2024
WMeg Inc, through its provision of resources for cultural events, has made a significant impact on the LGBT community in Wilton Manors, FL. By organizing a street festival that celebrates the achievements of the LGBT community and educates the public about their experiences, WMeg Inc has created a platform for increased awareness and understanding. Additionally, by providing information on resources available to the community, WMeg Inc is helping to support and empower individuals within the LGBT community. Through its commitment to cultural events and the arts, WMeg Inc plays a vital role in fostering inclusivity and appreciation for diversity in the community.
This information is meant to be a general summary of Wmeg Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,085,809
- Gross Receipts: $1,085,809
Assets and Liabilities:
- Total Assets: $127,261
- Total Liabilities: $512,433
- Net Assets: -$385,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resources Cultural Evts
Revenue
$1,085,809
Organization Details
Founding Year
2014
Principal Officer
Jeffrey Sterling
Main Address
2435 N Dixie Hwy, Wilton Manors, FL, 33305
Website
www.wmeg.orgNTEE Category
Code: A20 - Arts
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