Worthington Scholarship Foundation is located in Naples, FL. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worthington 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 12/2022, Worthington Scholarship Foundation generated $5.4m in total revenue. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 56.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Worthington Scholarship Foundation has awarded 65 individual grants totaling $5,714,482. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORTHINGTON SCHOLARSHIP FOUNDATION (WSF) PROVIDES RENEWABLE SCHOLARSHIPS AND SUPPORT SERVICES TO MAINE STUDENTS WITH LIMITED FINANCIAL RESOURCES AND A STRONG MOTIVATION TO SUCCEED IN COLLEGE WHO ATTEND "PARTNER COLLEGES AND COMMUNITY COLLEGES" IN MAINE. IN 2022, WSF AWARDED SCHOLARSHIPS TO STUDENTS FROM 69 HIGH SCHOOLS IN FRANKLIN, HANCOCK, KNOX, LINCOLN, OXFORD, PENOBSCOT, PISCATAQUIS, SAGADAHOC, SOMERSET, WALDO, AND WASHINGTON COUNTIES. IN 2022, WSF SUPPORTED 850 SCHOLARSHIP RECIPIENTS.WSF STUDENT SUCCESS STAFF WORKS WITH THE PARTICIPATING HIGH SCHOOLS TO PROVIDE INFORMATION TO STAFF, STUDENTS, AND PARENTS, WORKS WITH THE PARTICIPATING COLLEGES TO ENABLE STUDENT SUCCESS, AND COMMUNICATES WITH EACH WORTHINGTON SCHOLAR THROUGHOUT THEIR COLLEGE ATTENDANCE. WSF ACCUMULATES DATA AND RESEARCH TO DETERMINE COLLEGE PROGRESS AND EVALUATES RESULTS TO ENHANCE ITS SCHOLARS' COLLEGE SUCCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie F Bourgoin Executive Director | 40 | $118,846 | |
Jay Mcintire Dir. Student Servs. | 40 | $68,373 | |
Sebastian Yattaw Admin. Scholar Suppo | 40 | $53,000 | |
Meg Baxter Director | 1 | $43,380 | |
Rick Bedigian Director | 1 | $2,746 | |
David W Worthington Chair/treas/dir | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $5,000,000 |
Interest on Savings | $4,156 |
Dividends & Interest | $206,690 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $158,135 |
Capital Gain Net Income | $158,135 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $5,368,981 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $164,972 |
Other employee salaries and wages | $196,357 |
Pension plans, employee benefits | $37,631 |
Interest | $0 |
Taxes | $30,356 |
Depreciation | $5,336 |
Occupancy | $43,444 |
Travel, conferences, and meetings | $16,497 |
Printing and publications | $0 |
Other expenses | $140,778 |
Total operating and administrative expenses | $677,937 |
Contributions, gifts, grants paid | $2,085,444 |
Total expenses and disbursements | $2,763,381 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,883 |
Savings and temporary cash investments | $4,103,181 |
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 | $31,164 |
Other assets | $6,000 |
Total assets | $12,065,797 |
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 |
Over the last fiscal year, Worthington Scholarship Foundation has awarded $2,085,444 in support to 23 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIPS - A ABELON, I ADAMS, H, AGBUYA, A ALBERT, P ALEXANDER, C ALLEY, R ALLEY, A AVILES, K BAILEY, J BEAL, K BEAL, A BEAUCAGE, C BEAUDOIN, K BERGELIN, A BICKERSTAFF, L BILLINGS, E BLACKWELL, G BLACKWELL, C BOSSOW, C BOYNTON, E BOYNTON, L BRADSTREET, H BRAGA, P BRIGGS, S BROOKS, B BROWN, D BROWN, O BROWN, R BROWN, J BURKE, M CANNON, E CARRASQUILLO, E CHAMPNEY-BROWN, K CHAZIN-KNOX, H CHERRY, M CLARKE, J CLAYBAUGH, R CLEGHORN, J CLOUGH, K CLOUTIER, G CODY, J COOK, R COSSABOON, S CUNNINGHAM, E CURRY, N CURRY, G CUTSHALL, C DAIGLE, M DAVENPORT, S DAVIS, D DAWKINS, O DEMENY, A DONAHUE, A DONNELLY, A DOTEN, M DOUCETTE, O DOUGHERTY, A DUNIFER, J DUROST, A DYER, T EDWARDS, C ESTES, C FARNSWORTH, L FIELD, B FINDLAY, K FITZGERALD, S FITZJURLS, R FLUBACHER, F FOGG, E FONGER, M FONGER, E FORD, G FORD, P FORD, B FORTIN, A FOUNTAIN, J FRASER, B FREUDIG, A GAGNER, S GAMAGE, S GANZ, J GIBSON, Z GOFF, J GOLDER, N GOMES, D GOODWIN, E GOSCINSKI, P GOULETTE, A GRAY, H GRAY, A GREY, A GRIERSON, | $250,602 |
HUSSON COLLEGE PURPOSE: SCHOLARSHIPS - K ALLEY, M ALLEY, T ARCHER, A ASTBURY, A BEAL, J BOUTIN, L BOUTIN, J BRASSBRIDGE, A BROWN, A BROWN, A BRYDEN, R BUBAR, T CARTER, B CATHERON, J CLAPP, H CLIFFORD, A COLEMAN, J DAVIS, B DEHLINGER, M DESANTIS, T DESROCHERS, E DOTEN, M DOUGHERTY, E DOW, W DOWLING, M DUNTON, E EDGERLY, E ERSKINE, A ERWIN, T FINE, Z FITZSIMMONS, J FOWLER, E FREEMAN, A FROST, M GLINSKI, K GRAY, E GRIFFITHS, E GRINNELL, C HALL, J HARDEN, G HARDY, L HARMON, M HARRIMAN, A HARRINGTON, C HARVEY, T HENRY, K HILAND, J HODGDON, J HOLBROOK, C HOWARTH, A HOWELL, S HUSTUS, S JACK, A JOHNSON, J KEACH, M KEIZER, L KIMBALL, R KITCHIN, A LOBLEY, E LOUDER, J MALENFANT, C MARKUS, M MCFARLANE, C MESSER, M MITCHELL, G MONTAGNA, A MORRISON, T PANIAGUA ORTIZ, D PARKER, M PARKS, K PAYSON, A PEIRCE, S PERKINS, M PICKOSKI, A POISSON, G PRESTON, M PRESTON, J PUSEY, A RADZIMIRSKI, J ROBINSON, K ROMAN, S RONCO, S SANFILIPPO, E SAWYER, L SHERIDAN, K SHOREY, C SIMPSON, O SMITH, A SNOW, Q STABLER | $250,455 |
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIPS CONTINUED - K HALE, G HALL, M HANSON, O HARDINA, E HARKINS, H HARPER, A HARRIS, B HARTLEY, A HARVEY, T HARVEY, A HARVEY, A HAYDEN, T HEALD, C HENDRICK, J HODSON, Z HOEFT, K HOLCOMB, A HOLMES, L HOWATT, A HOWE, A IKEMBA, K ILVONEN, L JAMESON, H JELLISON, K JOHNSON, S JOHNSON, A JOHNSTON, T JONES, M JORDAN, R JOVIN, L JUDECKI, L KELLY, K KEMPER, E KIDD, S KING, K KINNEY, A KNOWLES, A KNOWLES, B KNOWLES, D KNOWLTON, E KNUTSON, B KORASADOWICZ, S KUNESH, D LAFLAMME, C LAMKINS, M LAMKINS, D LAMMERT, A LARRABEE, S LARRABEE, J LAWRENCE, G LEAVITT, D LEEMAN, K LESSARD, A LIBBY, M LINKLETTER, J LOBLEY, K LORD, C LOUGEE, A LUCAS, F LYNCH, R LYNCH, A MAHAR, J MAKOWSKI, L MARRINER-WARD, E MARSHALL, G MARTIN, J MARTIN, M MARTIN, O MATTHEWS, M MAXWELL, Z MAYHEW, J MCDERMOTT, I MCLELLAN, R MELLOR, I MERRILL, C MICHAUD, S MILO, J MITRO, G MOLINE, S MONTGOMERY, K MOODY, I MOON, T MOORE, S MOORES, G MOREY, | $231,534 |
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIPS CONTINUED - D NAVARRO, E NAVARRO, R NELSON, J NOYES, I NUESSLEIN, S PAGE, A PAPPIANNE, J PARENT, G PARKER, G PARKS, M PARKS, J PEACO, B PENNEY, K PERKINS, A PETERS, C PHILBROOK, C PINE, A POLCHES, O POWER, S PURSLOW, D REID, S REYNOLDS, K ROBIDOUX, I ROSS, L ROY, A RUTLEDGE, A SAPIEL, J SEEBER, H SHERWOOD, A SHOOK, E SIMMONS, O SMITH, K SOTO, K SOUCIA, A SPAULDING, W ST. PIERRE, H STAPLES, A STROUT, S STUTZMAN, L SWIFT, W SYKES, K TALGO, R TASH, K TAYLOR, H TRACY, K TRIPP, A TUCKER, O VANORSE-JONES, M VEAL, S WALTZ, C WARD, M WHEELER, E WHITNEY, L WILCOX, M WILSON, M WOOD, F WOODWORTH, D WRIGHT, L WRIGHT, C WYCOFF, E WYMAN, H YANKURA, L YEATON, H YOUNG, I YOUNG, J ZHU | $179,780 |
UNIVERSITY OF MAINE FARMINGTON PURPOSE: SCHOLARSHIPS - J BARTLETT, D BETTS, C BLAKE, K BOND, G BONITO, A BOWDEN, A BROOKS, C BROSS, G BROUGHTON, L BRYANT, O BRYANT, J CAMPBELL, J CHURCH, K CLOUTIER, E CREWS, E CROCKER, L CROY, J CURTIS, E DESROSIERS, A DITZEL, S DORR, B DOW, N ERSKINE, H FRANK, L GAUDETTE, A GILMAN, S GRAY, E GUSTAFSON, H HALL, C HARVEY, S HATFIELD, F VARGAS, M HONAS, P HOWES, J JAMESON, A JUNG, E KENISTON, J KORASADOWICZ, J LITTLEFIELD, N LOBDELL, G MARTIN, K MATTSON, B MCLAUGHLIN, A MILNER, J NICKERSON, A PAINE, R RIDEOUT, H SEWELL, C SIMMONS, M ST. CLAIR, P TASH, K TAVERNAKIS, S TOOTHAKER, G VARIAN, J WATKINSON, A WEAVER, G WHITE, M WHITE, M WHITE | $165,924 |
Waterville, ME PURPOSE: SCHOLARSHIPS - J BARTLETT, D BAUGH, A BERRY, L BILLINGS, L BLOOD, E BREWER, L BROWN, A CHABOT, K CHAPMAN, J CLIFFORD, A COFFIN, C COMBS, A CONNORS, H COOLEN, N CORSON, C COTE, G DAKIN, A DUBE, K FAULKINGHAM, T FURTEK, M GENTRY, A GIBSON, S GOLDER, O GUITE, T HELLUM, M HOLLOWELL, E IRELAND, R IRELAND, A JELKS, S JOHNSON, L KITCHIN, C LABREEE, K LEARY, J LIBBY, H LINDELOF, M LONGSTAFF, C MANK, H MARVES, O MCCORRISON, K MCINTYRE, P, MORRISON, K. NEVILLE, D PEABODY, C POWELL, T REED, N REEVES, T ROSSING, W SAVOY, A SCHAEFFER, B SMITH, G SMITH, A ST. LAURENT, K STAPLES, S THOMPSON, S VON OESON, T WINCHESTER, A WOOD | $151,824 |
Over the last fiscal year, we have identified 1 grants that Worthington Scholarship Foundation has recieved totaling $47,870.
Awarding Organization | Amount |
---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Student Financial Aid | $47,870 |
Organization Name | Assets | Revenue |
---|---|---|
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |