Winged Foot Scholarship Foundation
- Assets
- $285.5k
- Revenue
- $42.3k
- Investments
- $162.0k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 65-0227001
Organization Overview
Winged Foot Scholarship Foundation is located in Naples, FL. The organization was established in 1991. 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. Winged Foot Scholarship Foundation 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 12/2021, Winged Foot Scholarship Foundation generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $74.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Winged Foot Scholarship Foundation has awarded 88 individual grants totaling $385,010. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC FUND RAISING BANQUET IS HELD ANNUALLY AT A RENTED CLUB FACILITY. NATIONALLY KNOWN PERSONALTIES ARE EMPLOYED TO SPEAK AND TO HONOR THE SCHOLARSHIP FINALISTS AND TO AWARD THE SCHOLARSHIPS. THE EVENT IS WIDELY ATTENDED BY THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Hornbeck Chairman | 0 | $0 | |
Joe Carraher Director | 0 | $0 | |
Vin Depasquale Director | 0 | $0 | |
Jeff Fridkin Director | 0 | $0 | |
Howard Gutman Director | 0 | $0 | |
Charles Kelly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,193 |
| Dividends & Interest | $4,052 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,062 |
| Total Revenue | $42,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $209 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,803 |
| Total operating and administrative expenses | $6,625 |
| Contributions, gifts, grants paid | $67,961 |
| Total expenses and disbursements | $74,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,490 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $285,452 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Winged Foot Scholarship Foundation has awarded $67,961 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MIKE WALKER - PARTIAL PAYMENT PURPOSE: MICHAEL OWEN WALKER | $8,800 |
ALEXA MOULZOLF 1 OF 1 PURPOSE: UNIVERSITY OF ST. THOMAS | $5,000 |
DANIEL ALBERTO CARDOZA 1 OF 1 PURPOSE: ADAMS STATE UNIVERSITY | $5,000 |
KAMONTE GRIMES 1 OF 1 PURPOSE: UNIVERSITY OF NEBRASKA LINCOLN | $5,000 |
DANIEL DESANTIS 1 OF 1 PURPOSE: DENISON UNIVERSITY | $5,000 |
JOHNATHAN WATT PURPOSE: UNIVERSITY OF FLORIDA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |