Overview
What is Walker College Foundation?
The Walker College Foundation, situated in Jasper, Alabama, serves as a nonprofit organization dedicated to managing and administering donations and investments. Its primary mission is to provide scholarships and support to students from the local area who are planning to attend college. The foundation, with a modest workforce of two individuals, plays a significant role in assisting aspiring college students within its community.
Official website here: www.wcfdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Walker College Foundation has received an 83% rating from Charity Navigator, which indicates a solid level of performance in accountability and finance. With a strong program expense ratio of 96.02%, the foundation demonstrates a commitment to allocating a significant portion of its resources directly to its programs, which is a positive sign of efficiency in fulfilling its mission.
The foundation shows strengths in governance, with an independent board comprised entirely of independent members. It has also scored high marks for transparency in its financial practices, having no material diversion of assets and proper documentation of board meeting minutes. However, there are notable gaps in its policies, specifically the absence of a whistleblower policy and a document retention and destruction policy, which impacted its overall accountability score.
While the foundation exhibits remarkable financial health with a low liabilities-to-assets ratio of 0.02%, the missing policies suggest areas for improvement in governance practices. Addressing these limitations could enhance its accountability and further bolster its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Walker College Foundation legitimate?
Walker College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker College 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wcfdn.org
What is the mission statement of Walker College Foundation?
The Walker College Foundation's mission is centered around managing and administering donations and investments, transforming them into scholarships and support for students hailing from the local area. These students are set to pursue their higher education. The primary objective of the foundation is to aid these aspiring learners in their academic journey. The foundation's activities are focused on providing financial assistance to these students, thereby enabling them to attend college.
Official website here: www.wcfdn.org
Who is the CEO of Walker College Foundation?
Holly Trawick is the Ex Dir of Walker College Foundation.
Official website here: www.wcfdn.org
What is the revenue of Walker College Foundation?
Walker College Foundation's revenue in 2022 was -$1,162,860.
Official website here: www.wcfdn.org
Who are the executives of Walker College Foundation and what are their salaries?
The average compensation at Walker College Foundation during 2022 was $50,000. There are 2 employees at Walker College Foundation.
Here are 16 key members and their salaries:
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Official website here: www.wcfdn.org
Where can I find the form 990 for Walker College Foundation?
Walker College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcfdn.org
Learn more at the official website: www.wcfdn.org
Mission Statement of Walker College Foundation
The Walker College Foundation's mission is centered around managing and administering donations and investments. This organization dedicates its efforts to granting scholarships and providing support to aspiring students residing in the surrounding area. Their primary goal is to aid these students in pursuing higher education. By doing so, the Walker College Foundation plays a significant role in fostering academic growth and opportunities for the local community.
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Impact
October, 2024
Walker College Foundation plays a vital role in supporting local students pursuing higher education. By managing and administering donations and investments, the foundation allocates scholarships and resources that directly benefit students from the surrounding area. This financial assistance not only alleviates the burden of college expenses but also empowers students to achieve their academic goals and aspirations. By fostering educational opportunities, Walker College Foundation strengthens the community and enhances the future potential of its youth.
This information is meant to be a general summary of Walker College 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: -$1,675,967
- Gross Receipts: $1,530,363
Assets and Liabilities:
- Total Assets: $14,774,358
- Total Liabilities: $3,009
- Net Assets: $14,771,349
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Organization Details
Founding Year
1950
Principal Officer
Holly Trawick
Main Address
P O BOX 2228, Jasper, AL, 35502
Website
www.wcfdn.orgNTEE Category
Code: T31 - Philanthropy
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