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Nonprofit · EIN 56-1089285

WATAUGA OPPORTUNITIES INC

Tax-exempt · BOONE, NC 28607

Financials

$6.8M$5.8M2023$7.8M$6.4M2024
Revenue Expenses · by fiscal year end
Financials of WATAUGA OPPORTUNITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$7,842,002$6,395,765$1,446,237$10,825,694$1,531,213$9,294,481
June 30, 2024990$6,819,844$5,810,351$1,009,493$8,975,408$1,340,467$7,634,941
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$739,112
Program service revenue
$7,055,046
Investment income
$128,480
Net income from sales of inventory
-$80,636
Other revenue
-$80,636

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$659,095
Other salaries and wages
$3,930,701
Salaries, compensation and benefits (total)
$5,493,578
Professional fundraising fees
$0
Depreciation
$202,385
Program services (functional)
$5,360,270
Management and general (functional)
$1,035,495

Balance sheet and other

Total assets, start of year
$8,975,408
Total assets, end of year
$10,825,694
Total liabilities, end of year
$1,531,213
Net assets, end of year
$9,294,481
Land, buildings and equipment
$1,301,946
Publicly traded securities
$2,776,249
Net assets without donor restrictions
$9,291,311
Net assets with donor restrictions
$3,170
Gross receipts
$8,698,825
Employees
148
Volunteers
12
Year formed
1974
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL MAYBEEPRESIDENT, CEO
Officer, Highest-paid employee
40$254,281
KIMBERLY HASHFINANCE OFFICER
Key employee
40$206,003
VIRGINIA WALKERCHIEF OPERATIONS OFFICER
Key employee
40$198,811
DAVID JACKSONCHAIR
Trustee or director, Officer
5$0
EDDIE ALEJANDROBOARD MEMBER
Trustee or director, Officer
5$0
TASHA ROUNTREETREASURER
Trustee or director, Officer
5$0
PAT BALLBOARD MEMBER
Trustee or director
5$0
DAYTON COLEBOARD MEMBER
Trustee or director
5$0
TIM HODGESBOARD MEMBER
Trustee or director
5$0
ROACHEL LANEYBOARD MEMBER
Trustee or director
5$0
RYAN POSTLETHWAITBOARD MEMEBER
Trustee or director
5$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
MICHAEL MAYBEEPRESIDENT, CEO
Officer, Highest-paid employee
40$203,381
KIMBERLY HASHFINANCE OFFICER
Key employee
40$161,766
VIRGINIA WALKERCHIEF OPERATIONS OFFICER
Key employee
40$153,367
RON HENRIESCHAIR
Trustee or director, Officer
5$0
TASHA ROUNTREEVICE CHAIR
Trustee or director, Officer
5$0
MIKE HALLTREASURER
Trustee or director, Officer
5$0
PAT BALLBOARD MEMBER
Trustee or director
5$0
DAYTON COLEBOARD MEMBER
Trustee or director
5$0
DAVID JACKSONBOARD MEMBER
Trustee or director
5$0
LARRY TURNBOWBOARD MEMBER
Trustee or director
5$0

Address and contacts

Address (IRS master file)
PO BOX 2330, BOONE, NC 28607-0695
Principal officer (990 for 2024)
F MICHAEL MAYBEE, PO BOX 2330, BOONE, NC 28607
Signed the 990
FREDRICK M MAYBEE, EXECUTIVE DIRECTOR
Phone
(828) 264-5009
Return prepared by
Combs Tennant & Carpenter PC

Mission

SHELTERED WORKSHOP/GROUP HOMES

990 for the year ended June 30, 2025

Program accomplishments

  • RESIDENTIAL SERVICES: TO PROVIDE COMMUNITY-BASED LIVING AND SUPPORTS IN TRADITIONAL HOUSING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. PROVIDED GROUP HOME SERVICES IN NORMALIZED COMMUNITY HOMES FOR 12 INDIVIDUALS INCLUDING BASIC SKILLS OF DAILY LIVING, NUTRITION, AND OTHER SUPPORT SERVICES.
    Expenses $837,603 · revenue $170,768
  • COMMUNITY EMPLOYMENT: EVALUATION, JOB DEVLOPMENT, JOB TRAINING, AND EMPLOYMENT FOLLOW-ALONG SERVICES FOR INDIVIDUALS WITH DISABILITIES. 346 PEOPLE WERE SERVED IN EVALUATION, JOB DEVELOPMENT, JOB TRAINING, AND SHORT & LONG TERM EMPLOYMENT FOLLOW-ALONG SERVICES. 65 INDIVIDUALS WERE PLACED IN JOBS.
    Expenses $1,220,342 · revenue $4,640,236
  • INNOVATIONS: PROVIDES INDIVIDUALIZED ONE-ON-ONE COMMUNITY BASED SUPPORTS FOR INDIVIDUALS WHO WOULD OTHERWISE NEED INSTITUTIONAL SUPPORT. THE PROGRAM HAS PROVIDED UP TO 20 HOURS PER WEEK OF ONE-ON-ONE COMMUNITY BASED SUPPORT FOR 15 INDIVIDUALS WITH DISABILITIES.
    Expenses $94,827 · revenue $887,076
  • TRAINING/SUPPORTS FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT AND COMMUNITY INVOLVEMENT.
    Expenses $3,207,498 · revenue $1,356,966

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1089285
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1974
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J33Z)
Assets (IRS master file)
$10,825,694
Income (IRS master file)
$8,698,825

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$7,842,002$6,395,765$10,825,694XML
990June 2024$6,819,844$5,810,351$8,975,408XML
990June 2023$5,864,008$5,176,893$7,270,111IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––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 56-1089285).

Questions about WATAUGA OPPORTUNITIES INC

What is the EIN of WATAUGA OPPORTUNITIES INC?
The employer identification number (EIN) of WATAUGA OPPORTUNITIES INC is 56-1089285.
Is WATAUGA OPPORTUNITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to WATAUGA OPPORTUNITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WATAUGA OPPORTUNITIES 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 WATAUGA OPPORTUNITIES INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WATAUGA OPPORTUNITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of WATAUGA OPPORTUNITIES INC?
The 990 for the year ended June 30, 2025 names F MICHAEL MAYBEE.
Who are the officers and directors of WATAUGA OPPORTUNITIES INC?
The 990 for the year ended June 30, 2025 lists 11 people; 3 received compensation from the organization, the highest $254,281 (MICHAEL MAYBEE, PRESIDENT, CEO).
How much revenue does WATAUGA OPPORTUNITIES INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $7,842,002, expenses of $6,395,765 and total assets of $10,825,694 at year end.

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