Overview
What is William Penn Fraternal Association Scholarship Foundation Inc?
The William Penn Fraternal Association Scholarship Foundation Inc, situated in Pittsburgh, Pennsylvania, is a nonprofit organization with a focus on granting scholarships. Established with the aim of supporting qualified individuals, this foundation primarily serves members of the William Penn Association. During the fiscal year ending on December 31, 2022, they awarded scholarships to 122 students enrolled in or accepted by accredited colleges, universities, or nursing schools. This foundation's mission is to empower its members through educational support, contributing positively to their lives and the broader community.
Official website here: www.wpalife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The William Penn Fraternal Association Scholarship Foundation Inc has received a 77% rating, reflecting a solid performance in accountability and finance. The rating is derived from a comprehensive assessment of various elements, showcasing the organization's commitment to transparency and responsible financial management, evidenced by a perfect score in several key areas, including the absence of material diversion of assets and the presence of critical policies.
Strengths of the organization include a high program expense ratio of 95.54%, indicating that a significant portion of its funds is directed towards its scholarship initiatives. The organization also demonstrates robust governance practices, with all necessary policies such as conflict of interest and whistleblower policies in place, contributing to its strong accountability rating. However, it’s worth noting that the executive compensation for key personnel is on the higher side, which may raise questions about salary allocation in relation to organizational funding.
Overall, while the foundation exhibits strong financial practices and sound governance, potential donors may want to consider the compensation levels of its leadership when evaluating the charity's operational efficiency and long-term impact.
This AI summary has been generated from information found on Charity Navigator.
Is William Penn Fraternal Association Scholarship Foundation Inc legitimate?
William Penn Fraternal Association Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. William Penn Fraternal Association Scholarship Foundation Inc 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
Official website here: www.wpalife.org
What is the mission statement of William Penn Fraternal Association Scholarship Foundation Inc?
The William Penn Fraternal Association Scholarship Foundation Inc's primary mission is to grant scholarships to eligible individuals. More specifically, these individuals must be members of the William Penn Association. The foundation's goal is to support the educational pursuits of these members by awarding scholarships to those who have been accepted into or are currently attending an accredited college, university, or nursing school. As per the provided data, in the fiscal year ending on December 31, 2022, scholarships were awarded to 122 such students.
Official website here: www.wpalife.org
Who is the CEO of William Penn Fraternal Association Scholarship Foundation Inc?
Diane M Torma is the President of William Penn Fraternal Association Scholarship Foundation Inc.
Official website here: www.wpalife.org
What is the revenue of William Penn Fraternal Association Scholarship Foundation Inc?
William Penn Fraternal Association Scholarship Foundation Inc's revenue in 2022 was $55,678.
Official website here: www.wpalife.org
Who are the executives of William Penn Fraternal Association Scholarship Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $222,407
- Other: $30,951
- Compensation: $0
- Related: $17,356
- Other: $3,863
- Compensation: $0
- Related: $18,438
- Other: $6,734
- Compensation: $0
- Related: $27,906
- Other: $8,504
- Compensation: $0
- Related: $22,618
- Other: $8,696
- Compensation: $0
- Related: $24,577
- Other: $8,504
- Compensation: $0
- Related: $23,034
- Other: $7,564
- Compensation: $0
- Related: $19,682
- Other: $7,916
- Compensation: $0
- Related: $27,475
- Other: $7,720
- Compensation: $0
- Related: $153,027
- Other: $19,708
- Compensation: $0
- Related: $133,465
- Other: $11,273
- Compensation: $0
- Related: $133,383
- Other: $21,000
- Compensation: $0
- Related: $131,426
- Other: $37,038
Official website here: www.wpalife.org
Where can I find the form 990 for William Penn Fraternal Association Scholarship Foundation Inc?
William Penn Fraternal Association Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wpalife.org
Learn more at the official website: www.wpalife.org
Mission Statement of William Penn Fraternal Association Scholarship Foundation Inc
The William Penn Fraternal Association Scholarship Foundation Inc, as its mission statement indicates, is dedicated to awarding scholarships to qualified individuals who are members of the William Penn Association. This esteemed organization focuses on providing financial assistance to deserving individuals, thereby enabling them to pursue their higher education at accredited colleges, universities, or schools of nursing. During the fiscal year ending on December 31, 2022, the foundation awarded scholarships to 122 such students, demonstrating its commitment to furthering the educational aspirations of its members.
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Impact
August, 2024
The William Penn Fraternal Association Scholarship Foundation Inc has made a significant impact by awarding scholarships to 122 students accepted by or attending accredited colleges, universities, or schools of nursing. These scholarships provide crucial financial support to qualified individuals who are members of the William Penn Association, helping them pursue their educational goals and ultimately contribute to their personal and professional development. By investing in education, this organization is empowering individuals to achieve academic success and build a brighter future for themselves and their communities.
This information is meant to be a general summary of William Penn Fraternal Association Scholarship Foundation Inc. 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: $23,961
- Gross Receipts: $55,678
Assets and Liabilities:
- Total Assets: $735,074
- Total Liabilities: $0
- Net Assets: $735,074
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Organization Details
Founding Year
1969
Phone
(412) 231-2979Principal Officer
Diane M Torma
Main Address
709 BRIGHTON ROAD, PITTSBURGH, PA, 152331821
Website
www.wpalife.orgNTEE Category
Code: B82 - Education
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