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Wolves Scholarship Charitable Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113698310 ✦ Boardman, OH ✦ Designated as a 501(c)(3)

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Overview

What is Wolves Scholarship Charitable Trust?

The Wolves Scholarship Charitable Trust is a nonprofit organization based in Boardman, Ohio. Their primary mission is to offer financial aid in the form of scholarships to graduating high school seniors from Mahoning County, who are commencing their freshman year at Youngstown State University. The trust raises funds through various events and allocates these resources towards their scholarship program. Their goal is to support the higher education of local students, thereby contributing to their community's future.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (73%)

The Wolves Scholarship Charitable Trust has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. With an overall score of 73%, it demonstrates some strengths in accountability and finance, particularly with its independent board and the absence of material diversion of assets. However, the low scores in policy documentation highlight significant areas for development.

Strengths of the organization include a fully independent board and a solid program expense ratio of 92.85%, suggesting that the majority of funds are used for its intended charitable purposes. Nonetheless, the Trust falls short in areas of transparency and governance, as it lacks critical policies such as conflict of interest and whistleblower protections, which are important for ensuring ethical management.

Overall, while Wolves Scholarship Charitable Trust has a commendable program expense ratio and a well-structured board, it must address its governance policies and improve transparency in order to enhance its standing and effectiveness as a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Wolves Scholarship Charitable Trust legitimate?

Wolves Scholarship Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wolves Scholarship Charitable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Wolves Scholarship Charitable Trust?

The Wolves Scholarship Charitable Trust's primary mission is to offer financial aid in the form of scholarships to graduating seniors from high schools within Mahoning County, who are commencing their freshman year at Youngstown State University. The organization's main objective is to provide assistance in this regard, aiming to support the educational aspirations of these students. Fundraising events contribute to the trust's revenue, which in turn is utilized to cover the expenses associated with these scholarships.

What is the revenue of Wolves Scholarship Charitable Trust?

Wolves Scholarship Charitable Trust's revenue in 2024 was $94,781.

Who are the executives of Wolves Scholarship Charitable Trust and what are their salaries?

Here are 9 key members and their salaries:


Louis Dipaolo (President/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Monaco (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Vennetti (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Cerni (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Cerni (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Russo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Onesti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gino Rondinelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wolves Scholarship Charitable Trust?

Wolves Scholarship Charitable Trust's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Wolves Scholarship Charitable Trust

The Wolves Scholarship Charitable Trust, as its primary mission, aims to extend financial aid in the form of scholarships to graduating seniors hailing from the high schools within Mahoning County. These students are set to embark on their freshman year at Youngstown State University. The organization's objective is to alleviate some of the financial burden associated with higher education, thereby enabling these students to pursue their academic aspirations. The Trust accomplishes this by utilizing revenue generated from various fundraisers, which are then allocated for the purpose of awarding scholarships.

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Impact




August, 2024

The impact of the Wolves Scholarship Charitable Trust is significant in providing financial assistance to graduating seniors from high schools in Mahoning County who are entering their freshman year at Youngstown State University. By offering scholarships, the trust helps alleviate the financial burden on students pursuing higher education and supports their academic endeavors. This support contributes to the educational advancement of youth in the community, enhancing their opportunities for future success and positively impacting the workforce and society as a whole.




This information is meant to be a general summary of Wolves Scholarship Charitable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$94,781 (2024)
Expenses
$27,320 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $26,596
  • Gross Receipts: $207,579

Assets and Liabilities:

  • Total Assets: $1,029,055
  • Total Liabilities: $0
  • Net Assets: $1,029,055

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Organization Details

Founding Year

1999

Principal Officer

Anthony Monaco

NTEE Category

Code: B82 - Education

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