Wilton Student Financial Aid Committee Inc

Organization Overview

Wilton Student Financial Aid Committee Inc is located in Wilton, CT. The organization was established in 1960. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilton Student Financial Aid Committee Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2023, Wilton Student Financial Aid Committee Inc generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $17.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOANS AND OR GRANTS TO STUDENTS RESIDING IN WILTON CT WHO QUALIFY FOR FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE STUDENTS WHO QUALIFY BASED ON FINANCIAL NEED WITH GRANTS AND LOANS FOR POST SECONDARY EDUCATION. LOANS ARE INTEREST FREE DURING UNDERGRADUATE YEARS AND ACCRUE INTEREST POST-GRADUATION. LOAN PAYMENTS PRINCIPAL AND INTERESTM BEGIN 6 MONTHS POST-GRADUATION. LATE FEES ENCOURAGE PROMPT PAYMENT. AS PAYMENTS ARE RECEIVED FROM LOANS PREVIOUSLY GIVEN THESE FUNDS BECOME AVAILABLE FOR NEW LOANS. FUNDRAISING AND INTEREST EARNED ON CASH IN BANK ADDS TO THE MONEY AVAILABLE IN THE BANK.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Perry
Chairman
$0
Christine Oliver
Treasurer
$0
Open
Secretary
$0
Steve Petit
Board Member
$0
Dodo Roberts
Board Member
$0
Dom Agostin
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$8,550
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,677
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,227
Total Program Service Revenue$4,930
Investment income $1,091
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,248

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