Is Wayland Public Schools Parent Teacher Organization Inc Legit?

Wayland Public Schools Parent Teacher Organization Inc demonstrates consistent financial health, maintaining a stable asset base and generally operating with a surplus. In the latest filing (202308), the organization reported revenues of $267,530 against expenses of $259,218, indicating responsible financial management. The organization's assets have remained robust, standing at $406,276 in 202308, with relatively low liabilities of $11,481, suggesting a strong balance sheet. Spending efficiency appears high, as the organization consistently reports 0% officer compensation, indicating that all leadership roles are likely volunteer-based, which maximizes funds available for programs. While specific program spending percentages are not detailed in the provided summary, the absence of paid executive compensation is a strong indicator of efficient use of funds. The organization's consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency. Overall, the PTO appears to be a well-managed and financially sound organization, effectively utilizing its resources to support its mission without incurring significant administrative overhead from executive salaries. Its consistent growth in revenue and assets over the past few years, such as the increase from $151,662 in revenue in 202108 to $267,530 in 202308, further underscores its stability and community support.