Nonprofit · EIN 47-1170703
THE WAY RETREAT CENTER
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $395,165 | $620,427 | -$225,262 | $7,130,778 | $43,634 | $7,087,144 |
| December 31, 2023 | 990 | $346,292 | $635,454 | -$289,162 | $7,167,715 | $11,853 | $7,155,862 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $295,165
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $31,809
- Salaries, compensation and benefits (total)
- $31,809
- Professional fundraising fees
- $0
- Accounting fees
- $9,203
- Occupancy
- $32,403
- Depreciation
- $254,819
- Program services (functional)
- $280,101
- Management and general (functional)
- $340,326
Balance sheet and other
- Total assets, start of year
- $7,167,715
- Total assets, end of year
- $7,130,778
- Total liabilities, end of year
- $43,634
- Net assets, end of year
- $7,087,144
- Land, buildings and equipment
- $6,841,702
- Net assets without donor restrictions
- $7,087,144
- Gross receipts
- $395,165
- Employees
- 2
- Volunteers
- 12
- Year formed
- 2014
- State of legal domicile
- TX
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donna Hernandez | Treasurer Trustee or director | 0 | $0 |
| Mark Gully | Vice President Trustee or director | 1.5 | $0 |
| Susan Sweeny | President Trustee or director | 1.5 | $0 |
| Drew Hendricks | Board Member Trustee or director | 1.5 | $0 |
| Dan Varner | Secretary Trustee or director | 1.5 | $0 |
| Bill Berry | Board Member Trustee or director | 1.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Donna Hernandez | Treasurer Trustee or director | 0 | $0 |
| Mark Gully | Vice President Trustee or director | 1.5 | $0 |
| Susan Sweeny | President Trustee or director | 1.5 | $0 |
| Drew Hendricks | Board Member Trustee or director | 1.5 | $0 |
| Dan Varner | Secretary Trustee or director | 1.5 | $0 |
| Bill Berry | Board Member Trustee or director | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4014 TODD DR, MIDLAND, TX 79705-9701
- Mailing address (990-N for 2023)
- 4014 Todd Dr, Midland TX 79705
- Principal officer (990-N for 2023)
- Susan Sweeny, 4014 Todd Dr, Midland TX 79705
- Signed the 990
- Dan Varner, President
- Phone
- (432) 756-0550
- Website
- www.thewayrc.com
- Return prepared by
- FLADER & WILLIAMS INC
Mission
To create an environment that promotes spiritual and personal growth for individuals, families and groups on life's journey towards Christ.
Program accomplishments
- Our facilities hosted 41 events in 2023 with over 1,400 total guests.Expenses $280,101
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 47-1170703
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $7,130,778
- Income (IRS master file)
- $395,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $395,165 | $620,427 | $7,130,778 | XML |
| 990-N for 2023 Officer: Susan Sweeny | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $346,292 | $635,454 | $7,167,715 | XML |
| 990 | December 2022 | $260,076 | $468,152 | $7,459,439 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 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 47-1170703).
Questions about THE WAY RETREAT CENTER
- What is the EIN of THE WAY RETREAT CENTER?
- The employer identification number (EIN) of THE WAY RETREAT CENTER is 47-1170703.
- Is THE WAY RETREAT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THE WAY RETREAT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE WAY RETREAT CENTER 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 THE WAY RETREAT CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WAY RETREAT CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE WAY RETREAT CENTER?
- The 990-N for 2023 names Susan Sweeny.
- Who are the officers and directors of THE WAY RETREAT CENTER?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE WAY RETREAT CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $395,165, expenses of $620,427 and total assets of $7,130,778 at year end.
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