Nonprofit · EIN 87-1149599
WAY ENTERPRISES INC
Tax-exempt · SAN MARCOS, CA 92069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $354,246 | $321,508 | $32,738 | $69,524 | $0 | $69,524 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,879
- Program service revenue
- $328,360
- Investment income
- $7
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $80
- Compensation of officers, directors and key employees
- $46,000
- Other salaries and wages
- $134,965
- Salaries, compensation and benefits (total)
- $197,475
- Professional fundraising fees
- $0
- Legal fees
- $3,289
- Accounting fees
- $618
- Occupancy
- $30,824
- Travel
- $221
- Program services (functional)
- $305,486
- Management and general (functional)
- $16,022
Balance sheet and other
- Total assets, start of year
- $36,805
- Total assets, end of year
- $69,524
- Total liabilities, end of year
- $0
- Net assets, end of year
- $69,524
- Net assets without donor restrictions
- $69,524
- Gross receipts
- $354,246
- Employees
- 4
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Gregory Denham II | CEO Trustee or director, Officer | 35 | $46,000 |
| Robert Colucci | CFO Trustee or director, Officer | 1 | $0 |
| Norman Thompson | Secretary Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1915 N TWIN OAKS VALLEY RD, SAN MARCOS, CA 92069-9617
- Principal officer (990 for 2024)
- Gregory Garner Denham II, 1915 N Twin Oaks Valley Rd, San Marcos, CA 92069
- Signed the 990
- Gregory Garner Denham II, CEO
- Phone
- (760) 566-5675
- Website
- www.thewaypreschool.com
- Return prepared by
- Foundation Group Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 87-1149599 or by the name WAY ENTERPRISES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To provide excellence in early childhood education and care. Resourcing and equipping families on whole child formation.
Program accomplishments
- Provide private school education and care to 3-5 year old. Provide excellence and quality education and care above state standards.Expenses $305,486 · grants $80 · revenue $328,360
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 | Check at the IRS |
IRS record
- EIN
- 87-1149599
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21)
- Assets (IRS master file)
- $69,524
- Income (IRS master file)
- $354,246
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $354,246 | $321,508 | $69,524 | XML |
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 87-1149599).
Questions about WAY ENTERPRISES INC
- What is the EIN of WAY ENTERPRISES INC?
- The employer identification number (EIN) of WAY ENTERPRISES INC is 87-1149599.
- Is WAY ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to WAY ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAY 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 WAY 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 WAY 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 WAY ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 names Gregory Garner Denham II.
- Who are the officers and directors of WAY ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $46,000 (Gregory Denham II, CEO).
- How much revenue does WAY ENTERPRISES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $354,246, expenses of $321,508 and total assets of $69,524 at year end.
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