Overview
What is Wilton Student Financial Aid Committee Inc?
Wilton Student Financial Aid Committee Inc is a nonprofit organization situated in Wilton, Connecticut. Their primary mission is to aid students with financial needs, offering them grants and interest-free loans for their post-secondary education. During their undergraduate years, these loans do not accrue interest. Interest begins to accumulate post-graduation, and the principal and interest payments commence six months after graduation. Late payment fees encourage prompt repayments. As loans are repaid, the funds become available for new loans. Fundraising and interest earned on the bank's cash also contribute to the funds available for student support. The organization's goal is to help high school graduates in Wilton, Connecticut, who may struggle to pursue further education due to financial constraints by providing them with financial assistance in the form of grants and loans.
Official website here: www.wsfac.org
Is Wilton Student Financial Aid Committee Inc legitimate?
Wilton Student Financial Aid Committee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilton Student Financial Aid Committee 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.wsfac.org
What is the mission statement of Wilton Student Financial Aid Committee Inc?
The Wilton Student Financial Aid Committee Inc's mission is centered around providing financial aid to students who demonstrate a need for assistance. This is accomplished through the provision of both loans and grants, with the loans being interest-free during undergraduate years and accruing interest post-graduation. The committee encourages timely loan repayments, imposing late fees to motivate prompt payments. As payments are received, the funds become available for dispensing to new eligible students. In addition, the committee raises funds and earns interest on its savings to augment the funds available for financial aid. The primary aim is to support high school graduates who might otherwise be unable to pursue higher education due to financial constraints.
Official website here: www.wsfac.org
Who is the CEO of Wilton Student Financial Aid Committee Inc?
Christine Oliver is the Treasurer of Wilton Student Financial Aid Committee Inc.
Official website here: www.wsfac.org
What is the revenue of Wilton Student Financial Aid Committee Inc?
Wilton Student Financial Aid Committee Inc's revenue in 2022 was $20,165.
Official website here: www.wsfac.org
Who are the executives of Wilton Student Financial Aid Committee Inc and what are their salaries?
There 5 volunteers at Wilton Student Financial Aid Committee Inc.
Here are 6 key members and their salaries:
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Official website here: www.wsfac.org
Where can I find the form 990 for Wilton Student Financial Aid Committee Inc?
Wilton Student Financial Aid Committee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wsfac.org
Learn more at the official website: www.wsfac.org
Mission Statement of Wilton Student Financial Aid Committee Inc
Wilton Student Financial Aid Committee Inc, a nonprofit organization, is dedicated to assisting high school graduates in need of financial aid for their post-secondary education. The committee's mission is to provide these students with grants and interest-free loans to help them pursue their higher education goals. During their undergraduate years, the loans do not accrue interest. However, interest begins to accumulate once they have completed their undergraduate studies. Loan repayments, comprising both principal and interest, commence six months after graduation.
Prompt payment is encouraged through the implementation of late fees. As loan repayments are made, the funds freed up can be utilized to provide new loans to students in need. Additionally, fundraising efforts and interest earned on the cash in the bank contribute to the overall financial resources available for disbursing loans. This nonprofit's mission aims to alleviate financial barriers that may hinder deserving students from pursuing their post-secondary education.
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Impact
August, 2024
The impact of Wilton Student Financial Aid Committee Inc is significant in providing financial assistance to high school graduates in Wilton, CT who may not be able to further their education due to financial need. By offering grants and interest-free loans to students based on financial need, the organization enables them to pursue post-secondary education opportunities that may otherwise be out of reach. This support not only helps students achieve their academic goals but also contributes to the overall advancement and success of individuals within the community.
This information is meant to be a general summary of Wilton Student Financial Aid Committee 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: $1,007
- Program Service Revenue: $3,677
- Gross Receipts: $20,165
Assets and Liabilities:
- Total Assets: $1,169,580
- Total Liabilities: $0
- Net Assets: $1,169,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$3,677
Organization Details
Founding Year
1959
Phone
(203) 762-9950Principal Officer
Christine Oliver
Main Address
P O Box 142, WILTON, CT, 068971914
Website
www.wsfac.orgNTEE Category
Code: B820 - Education
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