2024-07-16T04:52:40-00:00 2021-12-31 752898506 CHERRY LIGHT AND RIDLEY 1117 65TH DR LUBBOCK TX 79412 990 2021-01-01 475551283 WESLEY FOUNDATION AT TEXAS TECH WESL 8067628479 2420 15TH ST LUBBOCK TX 79401 Joshua Hurst Executive Director 8067628479 2024-07-16 true Joshua Hurst XXX-XX-XXXX SARAH NALL P01566937 8067472542 2024-07-16 2 AAL1 IAL1 2021 2023-04-26 12:10:37Z Joshua Hurst 2420 15th St Lubbock TX 79401 598181 false X www.ttuwesley.org X 2015 TX Wesley Foundation at Texas Tech is a non-profit campus ministry dedicated to raising up generations of dynamic Christians, through missions, internships, community outreach and religious classes and training. 23 23 12 25 0 522185 582667 18618 13243 1200 2271 -1765 0 540238 598181 0 0 339165 365199 0 0 216317 206900 555482 572099 -15244 26082 555328 647522 19770 21932 535558 625590 X Wesley Foundation at Texas Tech is a non-profit campus ministry dedicated to raising up generations of dynamic Christians, through missions, internships, community outreach and religious study, classes and training. false false 550578 International Mission to the country of Haiti Since 2010, the Wesley Foundation has led mission trips to Haiti. Over 175 students participated on the trips. While in Haiti, we interact with anywhere between 400 and 600 people. Out main purpose is to serve the people that live there and help out in any way possible. We have hosted medical clinics, youth conferences, educational seminars and childrens vacation bible schools. We have also taken on several construction projects ranging from building an orphanage to digging trenches for the foundation of a building. We also work with the children at the orphanage that we helped to build. We travel to several different villages in the Northwest part of Haiti. Many of them are very remote and can only be reached by boat. This mission trip is one of our primary discipleship tools that we have at the Wesley Foundation. 10317 Internship Program Since the early 1980s the Wesley Foundation has a had a very active intern program. We have both full time interns are students that have recently graduated and have decided to join our Intern Academy. The intern academy would be very similar to a supervised ministry class in graduate school or seminary. The interns are instructed in various topics and given homework and reading assignments. They are also empowered to lead certain areas of the ministry. The interns range from 1-15 per year depending on the quality and numbers of applicants. The student intern program is very similar to the full time program but back dramatically. We find that the student academy is a great way to empower students and let them learn if vocational ministry might be something that they need to pursue further. The number of student interns range from 8-12 per year. 560895 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 true 12 true false false false false false false false false false false false false false false X 23 23 false false false true false false false true true false false false true false false false false true true false TX X Albert Martin 8067628749 2420 15th Street Lubbock TX 79401 Albert Martin Executive Director 040.00 X X 68251 0 0 Penny Wilson Director of Development Administration 040.00 X 37433 0 0 Madison Proctor Trustee 001.00 X 0 0 0 Chuck Russell Trustee 001.00 X 0 0 0 Dale Rankin Trustee 001.00 X 0 0 0 Earl Haralson Trustee 001.00 X 0 0 0 Daniel Echols Trustee 001.00 X 0 0 0 Rod Smith Trustee 001.00 X 0 0 0 Zach Manning Trustee 001.00 X 0 0 0 Mike Cox Trustee 001.00 X 0 0 0 Chrissy Haralson Trustee 001.00 X 0 0 0 Rich Jones Trustee 001.00 X 0 0 0 Bailey Barkley Trustee 001.00 X 0 0 0 Don Boren Trustee 001.00 X 0 0 0 Toni Hancock Trustee 001.00 X 0 0 0 Lyndol Loyd Trustee 001.00 X 0 0 0 Kacey Stevens Trustee 001.00 X 0 0 0 Weston Waldo Trustee 001.00 X 0 0 0 Josh Hurst Executive Director 040.00 X 0 0 0 105684 true true false 6013 58750 517904 582667 Event and hosting revenue 624100 13243 13243 2271 6013 598181 0 0 0 0 0 0 365199 365199 0 0 0 0 0 39722 38822 900 0 0 2000 2000 4529 4529 1331 1331 4979 4979 0 48842 45679 3163 1481 690 791 0 0 0 0 10317 10317 20963 20963 Misc, Bank CC charges 4247 3300 947 Food, kitchen, supplies 20337 20337 Mission outreach costs 31131 31131 Printing, Publications, Postage 16578 12533 4045 443 416 27 572099 560895 11204 0 254084 232773 16663 28337 1400 44075 154823 562632 332443 240506 230189 555328 647522 19770 21932 19770 21932 X 442060 576468 93498 49122 535558 625590 555328 647522 26082 63950 X false false false X 0 0.00000 535745 544536 615496 539038 595910 2830725 535745 544536 615496 539038 595910 2830725 2830725 575 2622 1591 1200 2271 8259 0 575 2622 1591 1200 2271 8259 0 0 536320 547158 617087 540238 598181 2838984 0.99710 0.00290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 12750 12750 433228 241620 191608 35500 10654 24846 59101 59101 22053 21068 985 230189 Financial derivatives and other financial products Closely-held equity interests Federal income taxes false false false false false false Albert Martin Executive Director Form 990, Part III, Line 4d Program Service Expenses 0, Grants and allocations 0, Revenue 0 All other program expenses not included in the previous three, primary activities of Wesley Foundation Form 990, Part VI, Section B, Line 15a/15b Personnel Committee and Finance Committee work together to determine compensation Form 990, Part VI, Section C, Line 19 Hard copies and electronic documents are made available to the public upon written request Form 990, Part VI, Section A, Line 5 While preparing the financials for the 2022 filing it was discovered that a significant diversion of assets occurred in the 2020 and 2021 calendar year. An independent contractor was paid for services rendered but in further review the work done was significantly less than the amount paid and in many cases has proven to be incorrect, incomplete and at worst, fraudulent. The amount paid in 2020 was 44,075. In 2021 the amount was 110,748. Upon discovery the Board immediately cut off all work with the contractor and began reviewing all work performed for security concerns. The contractor is being pursued for fraud and to receive repayment of the lost funds. The Board retained a forensic accounting firm to review and correct the financial records, all committees are reviewing their procedures and payment policies to protect donor funds. Further segregation of duties is being put in place, background checks are being required of all contractors and employees. We had reasonable cause for filing late because our contracted bookkeeper was defrauding us, was hiding records and hiding that the tax return had not been filed. During this time the executive director had taken a sabatical and had been alerted by the accountant that the return was late but the rest of the existing board was uanaware that the filing had not been made. The accountant made multiple requests for books and records and received many excuses from the bookkeeper ranging from personal tragedies to software malfunctioning. A new Executive Director was hired in 2023 and at that point the accountant reached out to the new director with concerns. The fraud was discovered, a forensic accounting firm was hired to uncover the fraud and produce accurate records. All this took many months and so the tax return is finally behing filed. In addition, policies and proceedures have been updated to be sure this does not happen again. The subsequent returns have been filed timely and the board is well advised and supervising the preparation of accurate financials as well as timly filing of the annual 990 return.