Nonprofit · EIN 37-1704890
WETATI ACADEMY INC
Tax-exempt · BOWIE, MD 20720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $406,410 | $402,603 | $3,807 | $200,337 | $5,250 | $195,087 |
| December 31, 2024 | 990 | $360,093 | $347,979 | $12,114 | $152,029 | $2,250 | $149,779 |
| December 31, 2023 | 990 | $203,662 | $256,018 | -$52,356 | $139,295 | $2,500 | $136,795 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $204,910
- of which government grants
- $60,000
- Program service revenue
- $201,500
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $112,900
- Other salaries and wages
- $100,029
- Salaries, compensation and benefits (total)
- $228,604
- Professional fundraising fees
- $1,035
- Accounting fees
- $5,420
- Occupancy
- $6,106
- Travel
- $1,984
- Program services (functional)
- $188,399
- Management and general (functional)
- $213,169
- Fundraising (functional)
- $1,035
Balance sheet and other
- Total assets, start of year
- $200,229
- Total assets, end of year
- $200,337
- Total liabilities, end of year
- $5,250
- Net assets, end of year
- $195,087
- Net assets without donor restrictions
- $195,087
- Gross receipts
- $406,410
- Employees
- 5
- Year formed
- 2012
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ambassador Dr Margaret Dureke | Founder, President, CEO Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $89,500 |
| Joanna Chambers | Chief Operating Officer Trustee or director, Officer, Key employee | 40 | $23,500 |
| Deepa Deshpande MS MBIOT PMP | Board Member Trustee or director | 1 | $0 |
| Anne Reese Carswell | Board Member Trustee or director | 1 | $0 |
| Courtney Green-Finklea | Board Member Trustee or director | 1 | $0 |
| Gabrielle Furr | Board Member Trustee or director | 1 | $0 |
| Alphonso N Pearson Jr | Board Member Trustee or director | 1 | $0 |
| Richard Ojuri | Board Member Trustee or director | 1 | $0 |
| Angela Seay | Board Member Trustee or director | 1 | $0 |
| Alain Wescott | Board Member Trustee or director | 1 | $0 |
| Inga Adams | Board Member Trustee or director | 1 | $0 |
| Jimmie Jones | Board Member Trustee or director | 1 | $0 |
| India Brown | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ambassador Dr Margaret Dureke | Founder, President, CEO Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $89,500 |
| Jimmie Jones | Board Member Trustee or director | 1 | $0 |
| Deepa Deshpande MS MBIOT PMP | Board Member Trustee or director | 1 | $0 |
| Anne Reese Carswell | Board Member Trustee or director | 1 | $0 |
| Jeanna Pryor | Board Member Trustee or director | 1 | $0 |
| Courtney Green-Finklea | Board Member Trustee or director | 1 | $0 |
| Gabrielle Furr | Board Member Trustee or director | 1 | $0 |
| Kelly Vaughn | Board Member Trustee or director | 1 | $0 |
| Alphonso N Pearson Jr | Board Member Trustee or director | 1 | $0 |
| Richard Ojuri | Board Member Trustee or director | 1 | $0 |
| Angela Seay | Board Member Trustee or director | 1 | $0 |
| JOANNA CHAMBERS | CHIEF FINANCIAL OFFICER Trustee or director | 40 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ambassador Dr Margaret Dureke | Founder, President, CEO Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $0 |
| Jimmie Jones | Board Member Trustee or director | 1 | $0 |
| Deepa Deshpande MS MBIOT PMP | Board Member Trustee or director | 1 | $0 |
| Lucretia Freeman-Buster | Board Member Trustee or director | 1 | $0 |
| Anne Reese Carswell | Board Member Trustee or director | 1 | $0 |
| Jeanna Pryor | Board Member Trustee or director | 1 | $0 |
| Courtney Green-Finklea | Board Member Trustee or director | 1 | $0 |
| Gabrielle Furr | Board Member Trustee or director | 1 | $0 |
| Kelly Vaughn | Board Member Trustee or director | 1 | $0 |
| Alphonso N Pearson Jr | Board Member Trustee or director | 1 | $0 |
| Richard Ojuri | Board Member Trustee or director | 1 | $0 |
| Angela Seay | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4808 BRIERCREST CT, BOWIE, MD 20720-4839
- In care of
- % MARGARET DUREKE
- Mailing address (990-N for 2018)
- 6304 SOMERSET ROAD, Riverdale MD 20737
- Principal officer (990 for 2025)
- MARGARET N DUREKE, 4808 BRIERCREST CT, BOWIE, MD 20720
- Principal officer (990-N for 2018)
- Margaret Dureke, 6304 Somerset Rd, Riverdale MD 20737
- Signed the 990
- MARGARET N DUREKE, PRESIDENT
- Phone
- (301) 326-6468
- Website
- https://wetati.com
- Return prepared by
- DENISE HOVINGTON LLC CPA
Mission
WETATi Academy mission is to educate, empower, and equip low to moderate income youth with the practical financial, entrepreneurial, workforce, and STEM skills needed to achieve long term economic independence. We prepare students to navigate real world challenges confidently in the workforce, pursuing higher education, or launching a business.
Program accomplishments
- Served 949 students through WETATi Academy Practical Entrepreneurship Education programs and related educational activities during 2025. Expanded program by adding courses focused on personal development and leadership, further strengthening students entreprenurial, professional and life skills.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1704890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $200,337
- Income (IRS master file)
- $406,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $406,410 | $402,603 | $200,337 | XML |
| 990 | December 2024 | $360,093 | $347,979 | $152,029 | XML |
| 990 | December 2023 | $203,662 | $256,018 | $139,295 | XML |
| 990 | December 2022 | $255,506 | $159,975 | $202,505 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Margaret Dureke | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1704890).
Questions about WETATI ACADEMY INC
- What is the EIN of WETATI ACADEMY INC?
- The employer identification number (EIN) of WETATI ACADEMY INC is 37-1704890.
- Is WETATI ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to WETATI ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WETATI ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WETATI ACADEMY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WETATI ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WETATI ACADEMY INC?
- The 990 for the year ended December 31, 2025 names MARGARET N DUREKE.
- Who are the officers and directors of WETATI ACADEMY INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $89,500 (Ambassador Dr Margaret Dureke, Founder, President, CEO).
- How much revenue does WETATI ACADEMY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $406,410, expenses of $402,603 and total assets of $200,337 at year end.
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