Overview
What is Wpma Scholarship Foundation?
The Wpma Scholarship Foundation, situated in Taylorsville, Utah at 4393 South Riverboat Road STE 380, is a charitable organization. Its primary mission is to grant scholarships to the children of members affiliated with WPMA, enabling them to pursue higher education or vocational/technical training. This financial aid serves as a vital resource, helping deserving students to further their education and secure a brighter future.
Official website here: www.wpma.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Wpma Scholarship Foundation has received a 76% rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. This score is derived solely from their performance in the Accountability & Finance beacon, where the organization demonstrates strong governance practices, including a fully independent board and no material diversion of assets.
The foundation excels in significant areas, such as maintaining a high program expense ratio of 83.18%, showing that a substantial portion of its funds is directed toward its programs. Additionally, it boasts a strong independent board structure, with all members being independent, which is a positive indicator of governance.
However, the organization has notable limitations, including the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which detracts from its overall accountability. Despite these shortcomings, the foundation’s commitment to its mission and financial management is evident from its rating and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Wpma Scholarship Foundation legitimate?
Wpma Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wpma 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
For more financial information, click here
Official website here: www.wpma.com
What is the mission statement of Wpma Scholarship Foundation?
The Wpma Scholarship Foundation's mission is centered around providing educational support. Specifically, it aims to offer scholarships to the children of members belonging to the Wpma, enabling them to pursue higher education or vocational/technical training. This initiative is instrumental in fostering the continuation of their academic journeys. The organization has been active in providing financial assistance for college, university education, or technical training, thereby contributing to the future prospects of these children.
Official website here: www.wpma.com
What is the revenue of Wpma Scholarship Foundation?
Wpma Scholarship Foundation's revenue in 2024 was $83,650.
Official website here: www.wpma.com
Who are the executives of Wpma Scholarship Foundation and what are their salaries?
There 6 volunteers at Wpma Scholarship Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $245,781
- Other: $41,092
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wpma.com
Where can I find the form 990 for Wpma Scholarship Foundation?
Wpma Scholarship Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wpma.com
Learn more at the official website: www.wpma.com
Mission Statement of Wpma Scholarship Foundation
The Wpma Scholarship Foundation, in its mission, aims to extend financial aid to the children of its members, enabling them to pursue higher education or vocational/technical training. The organization's primary objective is to alleviate the financial burden associated with furthering education, thereby providing opportunities for the children of WPMA members to achieve academic success. By offering scholarships, the Wpma Scholarship Foundation plays a crucial role in empowering these young individuals, helping them to build a solid foundation for their future.
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Impact
August, 2024
The Wpma Scholarship Foundation's impact lies in providing tangible support to the children of WPMA members as they pursue higher education. By awarding scholarships, the foundation is directly contributing to the educational advancement and career prospects of these students. This assistance helps alleviate the financial burden of pursuing a college or vocational/technical education, opening up opportunities that might not have been accessible otherwise. Through its focused mission, the foundation is fostering a culture of learning and growth within the community, ultimately empowering individuals to reach their full potential.
This information is meant to be a general summary of Wpma 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 2024.
- Investment Income: $12,192
- Gross Receipts: $133,528
Assets and Liabilities:
- Total Assets: $687,702
- Total Liabilities: $12,516
- Net Assets: $675,186
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Organization Details
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