Primary mission is to provide financial assistance in the form of scholarships to graduating seniors from the high schools of mahoning county who are entering their freshman year at youngstown state university.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $72K a year · 73% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
521 mo
of spending, in cash
Looks good: 521.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$119K
Spent
$24K
To programs
96%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$119K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$119K
FY2022$90K
FY2023$59K
FY2024$95K
FY2025$129K
Expenses
$24K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$24K
FY2022$23K
FY2023$24K
FY2024$27K
FY2025$32K
Net assets
$1.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.0M
FY2022$932K
FY2023$1.0M
FY2024$1.2M
FY2025$1.4M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $23K Management & general 4% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wolves Club Scholarship Tr executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to Mahoning County high school graduates attending Youngstown State University.

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Provided by the organization

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1 program · $23K · in their own filed words · FY2020
01

Revenue from fundraisers expenses are scholarships awarded

$23Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$119K
Ln 12
Investment incomeLn 3$92K
Other incomeLn 4–11$26K
Gifts and grantsLn 1h$2K
Money outPt IX
$24K
Ln 25
Programscol B$23K
Managementcol C$1K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$92K
Other incomeLn 4–11$26K
Gains on assetsLn 7$77K
Total revenueLn 12$119K
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$862K$1.0M
Total assetsLn 16$862K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$862K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$800$800
Other expenses (24a–d)Ln 24$23K$23K$200
Total functional expensesLn 25$24K$23K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $129K$32K$96K$1.4M 990 PDF
FY2024 $95K$27K$67K$1.2M 990 PDF
FY2023 $59K$24K$35K$1.0M 990 PDF
FY2022 $90K$23K$67K$932K 990 PDF
FY2021 Viewing $119K$24K$95K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $119,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,625$2,070
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,806$91,788
I-11 Other revenuePrior year $16,858$25,621
I-12 Total revenuePrior year $55,289$119,479
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,654$24,103
I-18 Total expensesPrior year $19,654$24,103
I-19 Revenue less expensesPrior year $35,635$95,376
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $119,479 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,070
VIII-1h Total contributions, gifts and grants$2,070
VIII-3 Investment incomeRelated to mission $14,868$14,868
VIII-7 Net gain or loss on sales of assetsRelated to mission $76,920$76,920
VIII-8 Net income from fundraising events$25,621
VIII-12 Total revenueRelated to mission $91,788$119,479
Part IX · Statement of functional expenses $24,103 across 2 lines filed
IX-11c Accounting feesManagement $800$800
IX-24 Other expenses (24a–d)Programs $23,103 · Management $200$23,303
IX-25 Total functional expensesPrograms $23,103 · Management $1,000 · Fundraising $0$24,103
Part X · Balance sheet $1,046,508 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $861,782$1,046,508
X-16 Total assetsStart of year $861,782$1,046,508
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $861,782$1,046,508
X-32 Total net assets or fund balancesStart of year $861,782$1,046,508
X-33 Total liabilities and net assetsStart of year $861,782$1,046,508
Part XI · Reconciliation of net assets $1,046,508 net assets at year end
XI-1 Total revenue$119,479
XI-2 Total expenses$24,103
XI-3 Revenue less expenses$95,376
XI-4 Net assets at start of year$861,782
XI-5 Net unrealized gains (losses) on investments$89,350
XI-10 Net assets at end of year$1,046,508

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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