Widget Business Training Company
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Training and business development with a primary emphasis on agricultural (rural, urban agriculture and forestry), computer software training, medical observation training, credit repair assistance and training, credit repair assistance and training and other entrepreneurial endeavors.
- Income
- $518,389
- Spending
- $459,155
- Spent on programs
- 72%
- Reserves
- 3.1 months of spending
- Largest source of income
- government grants, 95%
- Employees
- 3
- Volunteers
- 0
- Highest pay
- $90,812, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 82 out of 100.
Reserves
20 of 35Spendable reserves would cover 3.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 11% of income.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 77 out of 100.
Independent board
5 of 252 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $106,850 spent. Farmer Training & Education: The Widget Business Training Company provided hands-on training workshops to beginning and small-scale farmers. Topics included soil management, sustainable production techniques, farm recordkeeping, and regulatory compliance. These programs helped farmers adopt sustainable practices and improve productivity.
- $130,951 spent. Administrative Oversight and Program Management: The organization maintained a core staff including executive leadership and administrative personnel to oversee compliance, program coordination, reporting, and stakeholder communication. Compensation was provided to key contractors and officers responsible for implementing grant deliverables, coordinating relationships, and ensuring financial accountability.
- $93,068 spent. Farmer Training Workshops, Travel & Outreach: The organization facilitated regional training events and site visits to small farms and historically underserved communities. Program staff traveled to rural areas, delivered in-person training on recordkeeping, marketing, tax structuring, and crop insurance, and distributed printed educational materials. Expenses also included meals, supplies, and travel reimbursements related to outreach.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.