Overview
What is Wilton Scholarship Foundation?
The Wilton Scholarship Foundation is a nonprofit organization based in Wilton, Maine. Their primary mission, as outlined in their by-laws, is to provide scholarships to high school graduates, aiding them in furthering their education. By offering financial assistance, this foundation seeks to empower young individuals, enabling them to pursue higher education and potentially shape their future careers. The foundation maintains its operations from a post office box located in Wilton, ME.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating. The Wilton Scholarship Foundation's overall score reflects a strong performance in accountability and finance, with a particular emphasis on its fully independent board and effective governance policies. This rating indicates that the organization demonstrates a commitment to transparency and responsible financial management.
The foundation has achieved a perfect score in several key areas, such as having 100% independent board members and maintaining a low liabilities to assets ratio of 0.00%. Additionally, it has effective policies in place for conflict of interest and document retention, contributing to its solid governance structure.
However, the program expense ratio stands at 63.14%, suggesting that while a significant portion of funds is directed towards programs, there could be room for improvement in programmatic spending relative to total expenses. Overall, the Wilton Scholarship Foundation shows good financial accountability, but potential donors may want to consider the efficiency of its program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Wilton Scholarship Foundation legitimate?
Wilton Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilton Scholarship Foundation 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
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What is the mission statement of Wilton Scholarship Foundation?
The Wilton Scholarship Foundation, as stated in its mission, is committed to providing financial assistance to high school graduates, enabling them to further their education. This is carried out in accordance with the foundation's by-laws. The primary objective of the foundation is to offer scholarships, thereby facilitating the educational pursuits of these graduates.
Who is the CEO of Wilton Scholarship Foundation?
Kendall Sawyer is the President of Wilton Scholarship Foundation.
What is the revenue of Wilton Scholarship Foundation?
Wilton Scholarship Foundation's revenue in 2022 was $46,580.
Who are the executives of Wilton Scholarship Foundation and what are their salaries?
There 12 volunteers at Wilton Scholarship Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wilton Scholarship Foundation?
Wilton Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wilton Scholarship Foundation
The Wilton Scholarship Foundation, as outlined in its mission statement, is dedicated to aiding high school graduates in their educational pursuits. This nonprofit organization fulfills its mission by providing scholarships to these individuals, as stipulated in its by-laws. Essentially, the Wilton Scholarship Foundation serves to support the academic advancement of high school graduates, offering them financial assistance to further their education.
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Impact
August, 2024
The Wilton Scholarship Foundation has a significant impact on the lives of high school graduates in Wilton, ME. By providing scholarships to these individuals, the foundation helps them further their education and achieve their academic goals. This support not only benefits the recipients directly but also contributes to the overall educational development and advancement of the community. Through its mission of offering assistance to students pursuing higher education, the Wilton Scholarship Foundation plays a vital role in fostering a more educated and skilled workforce for the future.
This information is meant to be a general summary of Wilton Scholarship Foundation. 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: $2,568
- Gross Receipts: $46,580
Assets and Liabilities:
- Total Assets: $836,314
- Total Liabilities: $0
- Net Assets: $836,314
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Organization Details
Founding Year
1963
Principal Officer
Kendall Sawyer
Main Address
PO BOX 337, WILTON, ME, 04294
NTEE Category
Code: B82 - Education
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