Overview
What is Derry Wolverine Dream Foundation Inc?
Derry Wolverine Dream Foundation Inc is a nonprofit organization situated in Derry, New Hampshire. Their primary focus is on promoting education by providing scholarships to deserving students. The foundation's scholarship criteria are determined by their board of directors. The unique aspect of their scholarships is that they are awarded to students who have participated in the Wolverine Youth Football Association, Inc. programs. The foundation's mission is to support the academic pursuits of these students, thereby fostering their growth and development. The foundation's efforts in education are a testament to their commitment to the community and its youth.
Official website here: www.dwdreamfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Derry Wolverine Dream Foundation Inc has received a low score of 56%, which reflects significant concerns regarding its accountability and financial practices. Notably, the organization lacks independent board members, which can raise questions about governance and oversight. While it has demonstrated good management of its assets with no material diversion, the absence of key policies such as a conflict of interest policy and a whistleblower policy is troubling.
Strengths of the foundation include a high program expense ratio of 91.91%, indicating that a substantial portion of its expenditures is directed toward its charitable programs. Additionally, the organization has retained documents from board meetings, showcasing some level of operational transparency. However, the deficiencies in governance structures and the absence of critical policies suggest a need for improvement to enhance trust and accountability.
Overall, while Derry Wolverine Dream Foundation Inc shows commitment to its charitable mission through program funding, its governance weaknesses and lack of essential policies warrant caution for potential donors. Improvements in these areas could significantly bolster its credibility and ensure better oversight of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Derry Wolverine Dream Foundation Inc legitimate?
Derry Wolverine Dream Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Derry Wolverine Dream Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.dwdreamfoundation.com
What is the mission statement of Derry Wolverine Dream Foundation Inc?
The Derry Wolverine Dream Foundation Inc's mission is centered around advancing the education of students. They achieve this by granting scholarships to both male and female students who have actively participated in the Wolverine Youth Football Association, Inc.'s programs. The foundation aims to support qualified students and other deserving individuals, as decided by their board of directors. The scholarship funds are intended for secondary school or post-secondary education. The organization's primary goal is to encourage the continued education of young individuals who have shown commitment to the Wolverine Youth Football Association's programs.
Official website here: www.dwdreamfoundation.com
Who is the CEO of Derry Wolverine Dream Foundation Inc?
Rhonda Lane is the Chief Compli of Derry Wolverine Dream Foundation Inc.
Official website here: www.dwdreamfoundation.com
What is the revenue of Derry Wolverine Dream Foundation Inc?
Derry Wolverine Dream Foundation Inc's revenue in 2022 was $112,529.
Official website here: www.dwdreamfoundation.com
Who are the executives of Derry Wolverine Dream Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.dwdreamfoundation.com
Where can I find the form 990 for Derry Wolverine Dream Foundation Inc?
Derry Wolverine Dream Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dwdreamfoundation.com
Learn more at the official website: www.dwdreamfoundation.com
Mission Statement of Derry Wolverine Dream Foundation Inc
Derry Wolverine Dream Foundation Inc, a nonprofit organization, is committed to advancing the education of students. They achieve this by granting scholarships to both male and female students who have participated in the Wolverine Youth Football Association, Inc. programs. The foundation's mission is to recognize the efforts and dedication of these students and provide them with the financial aid necessary to pursue their secondary or post-secondary education. The scholarships are awarded based on the merit of the applicants, as determined by the foundation's board of directors. The Derry Wolverine Dream Foundation Inc plays a significant role in supporting the academic pursuits of young individuals who have demonstrated their commitment and talent through their participation in the Wolverine Youth Football Association, Inc. programs.
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Impact
October, 2024
Derry Wolverine Dream Foundation Inc significantly enhances educational opportunities for students who have engaged in the Wolverine Youth Football Association programs. By providing secondary and post-secondary scholarships, the foundation directly supports the academic aspirations of both male and female students, empowering them to pursue higher education. This initiative not only alleviates financial burdens but also fosters a culture of achievement and community involvement. Through its scholarship program, the foundation recognizes and rewards the dedication of youth athletes, creating pathways for their future success while instilling the values of hard work and commitment. The impact reaches beyond individual students, contributing to the educational landscape of Derry, NH, and inspiring a new generation of leaders.
This information is meant to be a general summary of Derry Wolverine Dream Foundation 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: -$102,461
- Gross Receipts: $795,304
Assets and Liabilities:
- Total Assets: $1,140,161
- Total Liabilities: $0
- Net Assets: $1,140,161
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Organization Details
Founding Year
2017
Phone
(603) 479-6067Principal Officer
Rhonda Lane
Main Address
PO BOX 1754, DERRY, NH, 03038
Website
www.dwdreamfoundation.comNTEE Category
Code: B24 - Education
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