Ullico Foundation

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

EIN: 861417548 ✦ Silver spring, MD ✦ Designated as a 501(c)(3)

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Overview

What is Ullico Foundation?

The Ullico Foundation is a committed nonprofit organization, entirely devoted to awarding scholarships to students hailing from underrepresented or economically disadvantaged communities, with a particular focus on minority groups. Preference is given to students pursuing their education in insurance-related fields, such as actuarial/mathematical, business and finance, and labor relations or labor history programs. The foundation dedicates a significant portion of its time and resources to this noble cause, aiming to foster educational opportunities for those in need.


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

Is Ullico Foundation legitimate?

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


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

What is the mission statement of Ullico Foundation?

The Ullico Foundation dedicates its efforts primarily towards providing financial aid in the form of scholarships. This support is extended to undergraduate and graduate students hailing from communities that are underrepresented, economically disadvantaged, or face various forms of disadvantage, with a particular focus on minority groups. The foundation exhibits a preference for students who are pursuing their studies in specific fields, such as insurance, actuarial/mathematical, business and finance, and labor relations or labor history programs. The foundation awards these scholarships to the selected recipients through its various programs.


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

Who is the CEO of Ullico Foundation?

Patrick Mcglone is the Vice President of Ullico Foundation.


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

What is the revenue of Ullico Foundation?

Ullico Foundation's revenue in 2022 was $37,800.


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

Who are the executives of Ullico Foundation and what are their salaries?

There 5 volunteers at Ullico Foundation.


Here are 11 key members and their salaries:


Brian Hale (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Barra (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Fletcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Linehan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Whalen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrice Arrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damon Gasque (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nora E Garrote (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mcglone (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie-Marcelle Tagliaferri (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

Where can I find the form 990 for Ullico Foundation?

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


Official website here: www.ullico.com/about-ullico/ullico-foundation-scholarship-program/

Mission Statement of Ullico Foundation

The Ullico Foundation, in its entirety, dedicates its time and resources to a noble mission. This mission primarily involves providing undergraduate and graduate scholarships to students hailing from underrepresented, economically disadvantaged, or disadvantaged minority communities. The foundation exhibits a particular preference for students who are pursuing their studies in specific fields, including insurance, actuarial/mathematical, business and finance, and labor relations or labor history programs. The Ullico Foundation accomplishes this by awarding scholarships to eligible candidates through its various programs.

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Impact




August, 2024

Ullico Foundation's impact is clear and direct - it provides undergraduate and graduate scholarships to students from underrepresented, economically disadvantaged, or disadvantaged minority communities. The foundation focuses its efforts on supporting these students, particularly those interested in pursuing studies in insurance, actuarial/mathematical, business and finance, or labor relations/history programs. By awarding scholarships through its programs, the Ullico Foundation is actively working to reduce barriers to education and create opportunities for individuals who may face systemic challenges in accessing higher education.




This information is meant to be a general summary of Ullico 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
$37,800 (2022)
Expenses
$41,709 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $37,800

Assets and Liabilities:

  • Total Assets: $452,603
  • Total Liabilities: $5,512
  • Net Assets: $447,091

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Organization Details

Founding Year

2020

Principal Officer

Patrick Mcglone

Main Address

8403 COLESVILLE RD STE 14TH FLOOR, Silver Spring, MD, 20910

NTEE Category

Code: B82 - Education

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