Overview
What is Winners For Life Foundation?
The Winners for Life Foundation, based in Dallas, Texas, is a small yet impactful nonprofit organization. With a single employee, they have been committed to making a difference by awarding scholarships annually to at-risk youth and underprivileged teens who struggle to afford higher education in the United States. In 2022, they granted 11 scholarships to individuals and educational institutions, furthering their mission of empowering those in need to pursue their academic dreams. The foundation plays a significant role in providing educational opportunities that might otherwise be out of reach for these young individuals.
Official website here: www.wflfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Winners For Life Foundation has received a low rating of 36% from Charity Navigator, which translates to a Zero-Star rating. This score is primarily based on Accountability & Finance, indicating significant concerns regarding the charity's financial practices and governance. Notably, while the organization excels in board independence and has no material diversion of assets, it lacks essential policies such as a conflict of interest policy and a whistleblower policy.
The foundation shows strengths in having a fully independent board and appropriate documentation of board meeting minutes. However, its weaknesses are glaring, particularly in missing key governance policies and having a low program expense ratio of 49.41%, which raises questions about the effectiveness of its operations. Additionally, the absence of critical financial disclosures on its website further detracts from its accountability.
Overall, while there are some positive aspects regarding board independence, the glaring gaps in governance and financial management policies significantly undermine the charity's standing. Prospective donors and supporters may wish to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Winners For Life Foundation legitimate?
Winners For Life Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winners For Life 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: $8,956
For more financial information, click here
Official website here: www.wflfoundation.org
What is the mission statement of Winners For Life Foundation?
The Winners for Life Foundation's mission is centered around providing educational opportunities for at-risk youth who are economically disadvantaged and unable to afford higher education on their own. Each year, the foundation awards college scholarships to these underprivileged teens, enabling them to pursue their education and better their future prospects. In 2022, the foundation awarded scholarships to 11 individuals and institutions. The organization's goal is to empower these young individuals and provide them with the necessary resources to succeed in their academic journey.
Official website here: www.wflfoundation.org
Who is the CEO of Winners For Life Foundation?
Larry Anderson is the President of Winners For Life Foundation.
Official website here: www.wflfoundation.org
What is the revenue of Winners For Life Foundation?
Winners For Life Foundation's revenue in 2022 was $45,579.
Official website here: www.wflfoundation.org
Who are the executives of Winners For Life Foundation and what are their salaries?
The average compensation at Winners For Life Foundation during 2022 was $8,956. There is 1 employee at Winners For Life Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wflfoundation.org
Where can I find the form 990 for Winners For Life Foundation?
Winners For Life Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wflfoundation.org
Learn more at the official website: www.wflfoundation.org
Mission Statement of Winners For Life Foundation
The Winners for Life Foundation is an organization that aims to provide college scholarships annually to at-risk youth who are financially disadvantaged and lack the necessary resources to pursue higher education. By offering these scholarships, the foundation seeks to educate these underprivileged teens, thereby empowering them to build a better future for themselves. In 2022, the foundation awarded scholarships to numerous individuals and institutions.
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Impact
August, 2024
Winners For Life Foundation's impact includes awarding college scholarships to at-risk youth across the United States each year. In 2022, the foundation granted 11 scholarships to various individuals and colleges. By providing these opportunities, Winners For Life Foundation is making a positive difference in the education and future prospects of underprivileged teens who lack the resources to pursue higher education.
This information is meant to be a general summary of Winners For Life 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: $18,277
- Gross Receipts: $45,579
Assets and Liabilities:
- Total Assets: $535,819
- Total Liabilities: $0
- Net Assets: $535,819
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Organization Details
Founding Year
2001
Phone
(806) 771-4000Principal Officer
Larry Anderson
Main Address
4516 LOVERS LANE, DALLAS, TX, 752256925
Website
www.wflfoundation.orgNTEE Category
Code: O99 - Youth development
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