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Wade Edwards Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561970957 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Wade Edwards Foundation?

The Wade Edwards Foundation, situated in Raleigh, North Carolina, is a nonprofit organization that serves high school students in Wake County. Its primary objective is to empower these students by offering academic support, post-secondary planning, and enrichment programs. This includes access to a computer lab, workshops on positive youth development, and community service opportunities. During the 2022-2023 school year, the foundation served over 200 students from 16 different high schools. The foundation's mission is to provide opportunities for achievement, enrichment, and service, thereby enabling lifelong academic, professional, and personal success. During the school year, the foundation offers tutoring and academic assistance, assists with post-secondary planning, prepares students for ACT/SAT tests, and helps build workforce development skills. Additionally, the Hi-Tech Teens program offers monthly workshops on STEM subjects. The Wade Edwards Foundation fills a critical gap in the community, offering essential opportunities that may not otherwise be available to these high school students.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87%, Three-Star out of Four Star Rating. The Wade Edwards Foundation has achieved a commendable score of 87%, primarily based on its accountability and finance practices. This rating signifies a strong commitment to transparency and responsible financial management within the organization.

The foundation boasts a fully independent board, with all 10 members meeting the criteria for independence, which reflects well on its governance structure. Additionally, it has no material diversion of assets and maintains a solid conflict of interest policy. The organization also has a whistleblower policy in place and consistently documents board meeting minutes, underscoring its dedication to ethical practices.

One of the standout metrics for the Wade Edwards Foundation is its program expense ratio of 87.18%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs. This focus on program efficiency enhances its reputation, although further information on its specific programs and outcomes could provide a more comprehensive understanding of its impact.


This AI summary has been generated from information found on Charity Navigator.

Is Wade Edwards Foundation legitimate?

Wade Edwards Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wade Edwards 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

What is the mission statement of Wade Edwards Foundation?

The Wade Edwards Foundation's mission is to empower the high school community by offering opportunities for achievement, enrichment, and service. This aim is to enable lifelong academic, professional, and personal success. The foundation accomplishes this by providing after-school academic support, post-secondary planning, and summer technology and enrichment programs. They offer access to a computer lab, positive youth development workshops, and community service programs. The foundation fills a critical gap for high school students with limited opportunities in their community. Their core services include tutoring and academic assistance, post-secondary planning, ACT/SAT test prep, workforce development skill building, and opportunities for community service. Additionally, their HI-Tech Teens program offers monthly workshops on STEM subjects. During the 2022-2023 school year, the foundation served over 200 students from 16 different high schools.

Who is the CEO of Wade Edwards Foundation?

Ruth Heuer is the Chair of Wade Edwards Foundation.

What is the revenue of Wade Edwards Foundation?

Wade Edwards Foundation's revenue in 2022 was $118,344.

Who are the executives of Wade Edwards Foundation and what are their salaries?

There 55 volunteers at Wade Edwards Foundation.


Here are 12 key members and their salaries:


Betsey Mcfarland (Executive Di)
  • Compensation: $0
  • Related: $85,857
  • Other: $12,496
Ruth Heuer (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hillary Emer (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Capo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Dauchert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine E Edwards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Gulewich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Muhammed Ibrahim (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ina Nyko (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Rezelli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mackenzie Slaney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wade Edwards Foundation?

Wade Edwards Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wade Edwards Foundation

The Wade Edwards Foundation is dedicated to empowering the high school community by providing opportunities for achievement, enrichment, and service. This mission aims to enable lifelong academic, professional, and personal success for the students it serves. To fulfill this goal, the foundation offers a variety of programs, including after-school academic support, post-secondary planning, and summer technology and enrichment activities. These initiatives provide students with access to resources such as computer labs, positive youth development workshops, and community service programs.

The foundation plays a crucial role in addressing the lack of opportunities available to many high school students in the community. Its core services, including tutoring and academic assistance, ACT/SAT test preparation, workforce development skill-building, and community service opportunities, help students excel academically and prepare for their future careers. Furthermore, the HI-Tech Teens program offers monthly workshops on STEM subjects, providing students with valuable exposure to these fields. During the 2022-2023 school year, the Wade Edwards Foundation served over 200 students from 16 different high schools, demonstrating its commitment to empowering the high school community.

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Impact




October, 2024

The Wade Edwards Foundation significantly impacts the high school community by providing essential resources and support that foster academic, professional, and personal success for students in Wake County. Through after-school academic assistance, post-secondary planning, and summer technology programs, the foundation directly addresses the needs of high school students who may otherwise have limited opportunities.

With a focus on empowering students, the foundation offers tutoring, SAT/ACT test preparation, and workforce development skills, ensuring that participants are well-equipped for future challenges. Furthermore, the Hi-Tech Teens program introduces students to STEM subjects through monthly workshops, promoting interest and proficiency in crucial fields.

During the 2022-2023 school year, the foundation served over 200 students from 16 different high schools, illustrating its broad reach and the critical role it plays in bridging gaps in education and support within the community. Through positive youth development workshops and community service initiatives, the Wade Edwards Foundation not only enhances academic achievement but also encourages personal growth and civic engagement, ultimately enabling students to thrive both in school and beyond.




This information is meant to be a general summary of Wade Edwards 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.

Revenue
$118,344 (2022)
Expenses
$168,245 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $544
  • Program Service Revenue: $7,690
  • Gross Receipts: $119,589

Assets and Liabilities:

  • Total Assets: $353,071
  • Total Liabilities: $54,730
  • Net Assets: $298,341

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ACT/SAT PREP

Revenue

$5,705

SUMMER PROGRAM

Revenue

$1,985

Organization Details

Founding Year

1996

Principal Officer

Ruth Heuer

Main Address

714 SAINT MARYS STREET, RALEIGH, NC, 27605

NTEE Category

Code: B90 - Education

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