Winterboro Educational Foundation INC EIN 63-1084338 Form 990 (PDF) Claim this org

Winterboro Educational Foundation INC

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Provides scholarships to deserving students. For fiscal year 2024 it reported $96K in revenue, $45K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Alpine, AL
Filings
5 on file (2020–2024)
Revenue
$96KFY2024
Expenses
$45K
Net assets
$1.2M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  63-1084338 Public charity (501(c)(3)) Alpine, AL
Form 990 (PDF)
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Size
<$100K
What they do
Provides scholarships to deserving students.
Leadership
Donna Chandler · President
Money in and out
$96K revenue, $45K expenses
Bottom line
58% program efficiency
Where the money goes · FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.08 Fundraising $0.33
Program efficiency
58%
of spending reaches programs▼ -22% vs prior filing year
Operating runway
314.0mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+53%
revenue over expenses, this year▲ +121% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$96K
FY2024▼ -5%
Expenses
$45K
FY2024▼ -42%
Total assets
$1.2M
FY2024▼ -27%
Total liabilities
$0
FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWinterboro Educational Foundation INC
EINHdr · item D63-1084338
Principal addressHdr · item CAlpine, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94Z)
Ruling yearIRS BMFFeb 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $26K of program spending, described in the organization's own filed words · FY2024.
01

Providing educational scholarships to deserving candidates who might otherwise not have the opportunity to further their education. Provide donations for school projects and needs as identified by the foundation.

$26Kprogram expense

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Statement of Revenue

Part VIII
Investment income$50K · 52%
Contributions & grants$46K · 48%
Investment income52%$50K
Contributions & grants48%$46K
Total revenueLn 12$96K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.08 Fundraising $0.33
Program services58%$26K
Management & general8%$4K
Fundraising33%$15K
Total functional expensesLn 25$45K

Balance Sheet

Part X · end of year
CashLn 1$659K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed175.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $45K
314.0 months
Where the money goes
Program services
Program services $26K · Total expenses $45K
58%
Management & General
Management & general $4K · Total expenses $45K
8%
Fundraising
Fundraising $15K · Total expenses $45K
33%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $67K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $96K
48%
Government reliance
Government grants — · Total revenue $96K
Earned-income share
Program service revenue $0 · Total revenue $96K
0%
Investment reliance
Investment income $50K · Total revenue $96K
+52%
Program self-sufficiency
Program service revenue $0 · Total expenses $45K
0%
Growth & trend
Revenue growth (YoY)
This year $96K · Prior year $102K
-5%
Revenue CAGR
FY2020 $77K · FY2024 $96K
+6%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $96K · Expenses $45K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $519K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
44%
People & payroll
Highest Reported Total Compensation
Individual Donna Chandler · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $45K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 8%
Fundraising cost ratio 33%
Revenue growth -5%
Investment management fee ratio 0.2%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $47K · 2020–2020
Unitemized GrantFY2020$47,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$96K revenue · viewing · ⤓ 990 PDF
FY2023$102K revenue · ⤓ 990 PDF
FY2022$147K revenue · ⤓ 990 PDF
FY2021$142K revenue · ⤓ 990 PDF
FY2020$77K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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