Nonprofit · EIN 56-1248778
WAKE ENTERPRISES INC
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,548,266 | $2,708,061 | $840,205 | $4,778,100 | $312,704 | $4,465,396 |
| June 30, 2024 | 990 | $2,669,860 | $2,623,503 | $46,357 | $3,661,079 | $39,527 | $3,621,552 |
| June 30, 2023 | 990 | $2,398,027 | $2,302,435 | $95,592 | $4,227,033 | $657,024 | $3,570,009 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,165
- of which government grants
- $5,000
- Program service revenue
- $2,604,809
- Investment income
- $925,737
- Net gain from sales of assets
- $921,177
- Other revenue
- $5,555
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,967
- Accounting fees
- $7,725
- Occupancy
- $92,244
- Depreciation
- $62,026
- Program services (functional)
- $2,263,914
- Management and general (functional)
- $444,147
Balance sheet and other
- Total assets, start of year
- $3,661,079
- Total assets, end of year
- $4,778,100
- Total liabilities, end of year
- $312,704
- Net assets, end of year
- $4,465,396
- Land, buildings and equipment
- $25,627
- Net assets without donor restrictions
- $4,465,396
- Gross receipts
- $5,902,714
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1979
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ryan D Smith | Director Trustee or director | 1 | $0 | $1,462,047 | $26,963 |
| Thomas S Papa | Treasurer until 12/5/24 Officer | 1 | $0 | $569,566 | $25,842 |
| Jennifer P Gassen | Secretary Officer | 1 | $0 | $485,971 | $47,963 |
| Lisa M Mostoller | Treasurer Officer | 1 | $0 | $366,850 | $627 |
| Nicholas Hobbs | Executive Director Trustee or director, Officer | 8 | $0 | $87,196 | $36,121 |
| Laura Radulescu | Executive Director until 5/2/25 Trustee or director, Officer | 40 | $57,825 | $0 | $0 |
| Eliot Green | President Trustee or director | 1 | $0 | $0 | $0 |
| Avery Scales | Director Trustee or director | 1 | $0 | $0 | $0 |
| Angel Menendez | Director Trustee or director | 1 | $0 | $0 | $0 |
| Wendy Presecan | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ryan D Smith | Director Trustee or director | 1 | $621 | $1,384,464 | $20,114 |
| Thomas S Papa | Treasurer Officer | 1 | $0 | $681,526 | $18,710 |
| Joseph F Leone Jr | Former Treasurer Former | 0 | $0 | $462,583 | $1,739 |
| Jennifer P Gassen | Secretary Officer | 1 | $0 | $312,126 | $34,395 |
| Oshana M Watkins | President until 7/18/23 Trustee or director, Officer | 40 | $74,393 | $0 | $1,465 |
| Laura Radulescu | Executive Director Trustee or director, Officer | 40 | $56,959 | $0 | $737 |
| Eliot Green | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Deborah Holt Noel | President until 7/31/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lorrie Gregg Hargreaves | Vice President until 8/22/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dixie Blackmon | Director until 1/23/24 Trustee or director | 1 | $0 | $0 | $0 |
| Wyatt Buckingham | Director until 1/23/24 Trustee or director | 1 | $0 | $0 | $0 |
| Richard Greb | Director until 1/23/24 Trustee or director | 1 | $0 | $0 | $0 |
| Avery Scales | Director Trustee or director | 1 | $0 | $0 | $0 |
| Susan Scott Daly | Director until 1/23/24 Trustee or director | 1 | $0 | $0 | $0 |
| Wendy Starnes | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ryan D Smith | Director Trustee or director | 1 | $2,567 | $1,294,253 | $10,605 |
| Jeffrey Giovino | Executive VP and COO Highest-paid employee | 0.5 | $7,008 | $956,999 | $8,597 |
| Joseph F Leone Jr | Treasurer Officer | 1 | $0 | $406,972 | $13,478 |
| Elizabeth M Shea | Sr VP of Human Resources Highest-paid employee | 1 | $3,302 | $354,250 | $7,692 |
| Jennifer P Gassen | Secretary Officer | 1 | $0 | $243,511 | $13,016 |
| Kristin DeForest | VP, Quality & Compliance, APIS Highest-paid employee | 1 | $1,524 | $232,247 | $13,165 |
| Oshana M Watkins | President Trustee or director, Officer | 40 | $124,297 | $0 | $1,278 |
| Deborah Holt Noel | Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lorrie Gregg Hargreaves | Vice Chairperson Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dixie Blackmon | Director Trustee or director | 1 | $0 | $0 | $0 |
| Wyatt Buckingham | Director Trustee or director | 1 | $0 | $0 | $0 |
| Susan Scott Daly | Director Trustee or director | 1 | $0 | $0 | $0 |
| Richard Greb | Director Trustee or director | 1 | $0 | $0 | $0 |
| Wendy Starnes | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1601 MIDTOWN PL, RALEIGH, NC 27609-7553
- In care of
- % SHANNON DURBIN
- Principal officer (990 for 2024)
- Nicholas Hobbs, 3548 Bush Street, Raleigh, NC 276097509
- Signed the 990
- Joseph F Leone Jr, CFO
- Phone
- (919) 714-6100
- Website
- www.wake-enterprises.org
- Return prepared by
- RSM US LLP
Mission
Founded in 1979, Wake Enterprises, Inc. ("WE") provides vocational and social opportunities for adults with intellectual and developmental disabilities and became the first agency in North Carolina offering supported employment in 1982. We serve adults with intellectual and developmental disabilities including autism, Down syndrome, traumatic brain injuries, and seizure disorders.
Program accomplishments
- Provide adults with developmental disabilities vocational or social opportunities.Expenses $2,263,914 · revenue $2,604,809
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1248778
- 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
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J30Z)
- Assets (IRS master file)
- $4,778,100
- Income (IRS master file)
- $5,902,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,548,266 | $2,708,061 | $4,778,100 | IRS |
| 990 | June 2024 | $2,669,860 | $2,623,503 | $3,661,079 | IRS |
| 990 | June 2023 | $2,398,027 | $2,302,435 | $4,227,033 | XML |
| 990 | June 2022 | $2,163,605 | $2,078,161 | $4,171,392 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1248778).
Questions about WAKE ENTERPRISES INC
- What is the EIN of WAKE ENTERPRISES INC?
- The employer identification number (EIN) of WAKE ENTERPRISES INC is 56-1248778.
- Is WAKE ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to WAKE ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAKE ENTERPRISES 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 WAKE ENTERPRISES 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 WAKE ENTERPRISES 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 WAKE ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 names Nicholas Hobbs.
- Who are the officers and directors of WAKE ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization.
- How much revenue does WAKE ENTERPRISES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,548,266, expenses of $2,708,061 and total assets of $4,778,100 at year end.
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