Wadleigh Scholars Program INC: FY2022 Nonprofit Profile & Form 990 (EIN 13-3562912)

Revenue by fiscal year
FY2020	$26K
FY2021	$44K
FY2022	$36K
FY2023	$39K
FY2024	$84K
FY2025	$37K

Expenses by fiscal year
FY2020	$20K
FY2021	$30K
FY2022	$33K
FY2023	$46K
FY2024	$83K
FY2025	$61K

Net assets by fiscal year
FY2020	$158K
FY2021	$172K
FY2022	$175K
FY2023	$168K
FY2024	$169K
FY2025	$146K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1994.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $33K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Derrick Wallace

Director

$0Pt VII · Sec A

Ralph Spooner

Vice President

$0Pt VII · Sec A

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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

Helps students of color and their families navigate applying to private boarding schools.

Provided by the organization

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1 program service account for $33K of program spending, described in the organization's own filed words · FY2022.

01

To provide assistance in students of color and their families in applying to boarding schools

$33Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Arizona Community FoundationFY2024$25K

Total grants receivedfrom 1 funder$25K

Grants paid · 4 grants · $60K · 2021–2022

Unitemized GrantFY2022$16,850

Bespoke Education INCFY2022$16,850

Unitemized GrantFY2021$12,920

Bespoke EducationFY2021$12,920

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$36K

Ln 12

Gifts and grantsLn 1h$36K

Money outPt IX

$33K

Ln 25

Programscol B$33K

Owns and owesPt X

$175K

net assets · Ln 32

Cash and savingsLn 1–2$175K

Total assetsLn 16$175K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$36K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Total revenueLn 12$36K

Assets in detailPt X, end of year

CashLn 1$37K

SavingsLn 2$138K

Cash and savings togetherLn 1–2$175K

Total assetsLn 16$175K

LiabilitiesLn 26$0

Net assetsLn 32$175K

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$172K	$175K
Total assetsLn 16	$172K	$175K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$172K	$175K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$32K	$32K
Office expensesLn 13	$727	$727
Conferences, conventions and meetingsLn 19	$769	$769
Total functional expensesLn 25	$33K	$33K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$37K	$61K	−$24K	$146K	990 PDF
FY2024	$84K	$83K	$1K	$169K	990 PDF
FY2023	$39K	$46K	−$7K	$168K	990 PDF
FY2022 Viewing	$36K	$33K	$3K	$175K	990 PDF
FY2021	$44K	$30K	$14K	$172K	990 PDF
FY2020	$26K	$20K	$6K	$158K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (4 parts)

Part VIII · Statement of revenue $35,964 across 9 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$35,964

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$35,964

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$35,964

Part IX · Statement of functional expenses $33,371 across 3 lines filed

IX-2 Grants to domestic individualsPrograms $31,875$31,875

IX-13 Office expensesPrograms $727$727

IX-19 Conferences, conventions and meetingsPrograms $769$769

IX-25 Total functional expensesPrograms $33,371 · Management $0 · Fundraising $0$33,371

Part X · Balance sheet $174,598 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $44,305$36,885

X-2 Savings and temporary cash investmentsStart of year $127,700$137,713

X-16 Total assetsStart of year $172,005$174,598

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $172,005$174,598

X-33 Total liabilities and net assetsStart of year $172,005$174,598

Part XI · Reconciliation of net assets $174,598 net assets at year end

XI-1 Total revenue$35,964

XI-2 Total expenses$33,371

XI-3 Revenue less expenses$2,593

XI-4 Net assets at start of year$172,005

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$174,598

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Wadleigh Scholars Program INC FY2022 filing

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