Overview
What is The Wilson Foundationinc?
The Wilson Foundationinc, based in Boonton, New Jersey, is a charitable organization that prioritizes education. Its mission is to provide financial assistance to students and educators of all ages, aiming to alleviate expenses associated with various educational programs. This encompasses tuition fees as well as extracurricular activities such as educational travel programs, camps, and college classes. The Foundation serves as a valuable resource for individuals seeking financial support to further their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Wilson Foundation Inc has received an overall score of 87%, which indicates a strong level of accountability and financial management. This score is derived entirely from the Accountability & Finance beacon, showcasing the organization's commitment to ethical practices. The charity has achieved notable scores across various metrics, including a 100% independent board, no material diversion of assets, and well-documented policies on conflict of interest and document retention.
Strengths of the Wilson Foundation include its independence and oversight, with all board members being independent, and a low liabilities-to-assets ratio of 0.56%. Additionally, the organization allocates a significant portion of its budget to program expenses, with an impressive program expense ratio of 82.68%. This suggests that the foundation is effectively utilizing its resources towards achieving its mission.
While the rating reflects strong performance in accountability and financial practices, it is important to note that the score is based on a single beacon assessment. This could imply a need for further evaluation of other operational aspects, such as impact and effectiveness in achieving program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is The Wilson Foundationinc legitimate?
The Wilson Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wilson Foundationinc 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.
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What is the mission statement of The Wilson Foundationinc?
The Wilson Foundationinc's mission is centered around providing financial assistance to students and educators of all ages. It aims to help cover expenses associated with various educational programs, including tuition and extracurricular activities such as education travel programs, camps, and college classes. The foundation offers a chance for individuals to apply for funds, thereby alleviating financial burdens and ensuring equal opportunities for learning experiences.
Who is the CEO of The Wilson Foundationinc?
Melissa Burnside is the President of The Wilson Foundationinc.
What is the revenue of The Wilson Foundationinc?
The Wilson Foundationinc's revenue in 2022 was $83,826.
Who are the executives of The Wilson Foundationinc and what are their salaries?
There 9 volunteers at The Wilson Foundationinc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Wilson Foundationinc?
The Wilson Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Wilson Foundationinc
The Wilson Foundationinc, a nonprofit organization, is committed to providing a valuable opportunity for students and educators of all ages. Its mission lies in offering financial aid to help cover the expenses required for various educational programs. This encompasses tuition fees as well as extracurricular activities such as educational travel programs, camps, and college classes. By doing so, The Wilson Foundationinc seeks to bridge the financial gap and make these opportunities more accessible to a wider range of individuals, thereby enhancing their learning experiences.
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Impact
October, 2024
The Wilson Foundationinc significantly impacts students and educators by providing crucial financial support for educational programs. By offering funds that help offset expenses associated with tuition and various extracurricular activities, the foundation enables individuals of all ages to pursue learning opportunities that might otherwise be unaffordable. This support extends to a wide range of educational experiences, including educational travel programs, camps, and college classes, thus fostering personal and academic growth. In doing so, the foundation not only enhances educational access but also promotes the importance of continuous learning and exploration within the community of Boonton, NJ, and beyond.
This information is meant to be a general summary of The Wilson Foundationinc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $83,655
- Gross Receipts: $90,083
Assets and Liabilities:
- Total Assets: $2,014,376
- Total Liabilities: $10,355
- Net Assets: $2,004,021
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Organization Details
Founding Year
1909
Phone
(973) 476-2805Principal Officer
Melissa Burnside
Main Address
226 CORNELIA STREET, BOONTON, NJ, 07005
NTEE Category
Code: L00 - Housing
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