Overview
What is Alan F Wohlstetter Scholarship Fund Inc?
The Alan F Wohlstetter Scholarship Fund Inc is a nonprofit organization that focuses on education in the fields of transportation, physical distribution, and logistics. It achieves this by granting scholarships to deserving individuals, enabling them to pursue higher studies at accredited colleges and universities. In the fiscal year 2022, the Fund awarded six scholarships worth $5,000 each and an additional scholarship of $7,500. This funding aims to foster talent in these critical sectors and contribute to their growth.
Official website here: www.afwscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Alan F Wohlstetter Scholarship Fund Inc has received a solid Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. With an overall score of 76%, the organization demonstrates strong governance practices, notably achieving full marks for having a majority of independent board members and a low liabilities to assets ratio of 5.24%. Additionally, a high program expense ratio of 83.56% suggests that a significant portion of its funds is directed toward its mission.
However, the organization has some areas for improvement, particularly related to policy documentation. The lack of conflict of interest, whistleblower, and document retention policies indicates gaps in governance that could be addressed to enhance transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website and other document-related shortcomings may hinder public access to essential information regarding the organization’s operations.
Overall, while the Alan F Wohlstetter Scholarship Fund Inc shows positive financial management and governance strengths, addressing the noted deficiencies in policy documentation could significantly bolster its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Alan F Wohlstetter Scholarship Fund Inc legitimate?
Alan F Wohlstetter Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alan F Wohlstetter Scholarship Fund 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.
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Official website here: www.afwscholarship.org
What is the mission statement of Alan F Wohlstetter Scholarship Fund Inc?
The Alan F Wohlstetter Scholarship Fund focuses on advancing education in the fields of transportation, physical distribution, and logistics. It achieves this by providing financial aid in the form of scholarships to eligible individuals, enabling them to pursue higher education at accredited colleges and universities. In the fiscal year 2022, the fund awarded six scholarships worth $5,000 each and an additional scholarship worth $7,500, contributing to the academic growth of future professionals in these sectors.
Official website here: www.afwscholarship.org
Who is the CEO of Alan F Wohlstetter Scholarship Fund Inc?
Maria Andrea Rodriguez is the President of Alan F Wohlstetter Scholarship Fund Inc.
Official website here: www.afwscholarship.org
What is the revenue of Alan F Wohlstetter Scholarship Fund Inc?
Alan F Wohlstetter Scholarship Fund Inc's revenue in 2022 was $30,487.
Official website here: www.afwscholarship.org
Who are the executives of Alan F Wohlstetter Scholarship Fund Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.afwscholarship.org
Where can I find the form 990 for Alan F Wohlstetter Scholarship Fund Inc?
Alan F Wohlstetter Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afwscholarship.org
Learn more at the official website: www.afwscholarship.org
Mission Statement of Alan F Wohlstetter Scholarship Fund Inc
The Alan F. Wohlstetter Scholarship Fund is a nonprofit organization committed to advancing education in the fields of transportation, physical distribution, and logistics. It achieves this mission by granting scholarships to deserving individuals, enabling them to pursue higher education at accredited colleges and universities. In the fiscal year 2022, this noble fund awarded six scholarships worth $5,000 each and an additional scholarship of $7,500, demonstrating its significant financial support for aspiring professionals in these sectors.
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Impact
August, 2024
The Alan F Wohlstetter Scholarship Fund Inc has a significant impact on furthering education in the areas of transportation, physical distribution, and logistics. In FY 2022, the Scholarship Fund awarded six $5,000 scholarships and one $7,500 scholarship to qualified individuals to attend accredited colleges and universities. These scholarships play a crucial role in supporting students pursuing education in these specialized fields, helping them achieve their academic and career goals. Through its support, the Scholarship Fund is actively contributing to the development of future professionals in the transportation industry, making a tangible difference in the lives of the recipients and the advancement of knowledge and skills in this sector.
This information is meant to be a general summary of Alan F Wohlstetter Scholarship Fund 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: -$30,256
- Gross Receipts: $30,487
Assets and Liabilities:
- Total Assets: $480,326
- Total Liabilities: $37,500
- Net Assets: $442,826
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Organization Details
Founding Year
2003
Phone
(703) 317-9950Principal Officer
Maria Andrea Rodriguez
Main Address
1600 DUKE STREET 440, ALEXANDRIA, VA, 22314
Website
www.afwscholarship.orgNTEE Category
Code: B82 - Education
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