Weiss Scholarship Foundation EIN 82-2875554

Weiss Scholarship Foundation

EIN  82-2875554 Public charity (501(c)(3)) Naperville, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides educational opportunities for children in Dago, Kenya.
Leadership
Brett Henry Weiss · Executive Director/Secretary
Money in and out
$445K revenue, $230K expenses
Bottom line
58% program efficiency

Provides educational opportunities for children in Dago, Kenya. For fiscal year 2024 it reported $445K in revenue, $230K in expenses, and $655K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$655K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $215K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.42
Program efficiency
58%
of spending reaches programs▼ -24% vs prior filing year
Operating runway
32.7mo
months of highly liquid reserves at operating expense rate▲ +29% vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$445K
FY2024▲ +58%
Expenses
$230K
FY2024▲ +26%
Total assets
$655K
FY2024▲ +45%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$655K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$215K
Total assetsPt X · Ln 16$655K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $133K of program spending, described in the organization's own filed words · FY2024.
01

Provided the funds to educate high school students, university students, and students in vocational schools in Kenya.

$133Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeiss Scholarship Foundation
EINHdr · item D82-2875554
Principal addressHdr · item CNaperville, IL
WebsiteHdr · item Jweissscholarshipfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFFeb 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$428K · 96%
Investment income$14K · 3%
Other revenue$3K · 1%
Contributions & grants96%$428K
Investment income3%$14K
Other revenue1%$3K
Total revenueLn 12$445K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.42
Program services58%$133K
Management & general42%$96K
Total functional expensesLn 25$230K

Balance Sheet

Part X · end of year
CashLn 1$384K
Total assetsLn 16$655K
Total liabilitiesLn 26$0
Total net assetsLn 32$655K
Months of cash on handcomputed20.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $625K · Operating expenses/yr $230K
32.7 months
Where the money goes
Program services
Program services $133K · Total expenses $230K
58%
Management & General
Management & general $96K · Total expenses $230K
42%
Fundraising
Fundraising $0 · Total expenses $230K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $303K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $428K · Total revenue $445K
96%
Government reliance
Government grants — · Total revenue $445K
Earned-income share
Program service revenue $0 · Total revenue $445K
0%
Investment reliance
Investment income $14K · Total revenue $445K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $230K
0%
Growth & trend
Revenue growth (YoY)
This year $445K · Prior year $281K
+58%
Revenue CAGR
FY2020 $101K · FY2024 $445K
+45%
Net-asset trend (YoY)
End of year $655K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $445K · Expenses $230K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $655K
Net-asset ratio
Net assets $655K · Total assets $655K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $241K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $655K
37%
People & payroll
Highest Reported Total Compensation
Individual Brett Henry Weiss · Reported title Executive Director/Secretary · Highest reported compensation $0 · Total expenses $230K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $230K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 42%
Fundraising cost ratio 0%
Revenue growth 58%
Legal fee ratio 0%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 3 grants · $56K · 2022–2024
Unitemized GrantFY2024$24,925
Unitemized GrantFY2023$23,145
Unitemized GrantFY2022$8,175

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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)$445K revenue · viewing · ⤓ 990 PDF
FY2023$281K revenue · ⤓ 990 PDF
FY2022$202K revenue · ⤓ 990 PDF
FY2021$133K revenue · ⤓ 990 PDF
FY2020$101K 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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