Wheelwright Scientific School
- Assets
- $3.7m
- Revenue
- $508.0k
- Investments
- $3.2m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 05/1972
- Data as of
- 06/2022
- EIN
- 04-6004390
Organization Overview
Wheelwright Scientific School is located in Newburyport, MA. The organization was established in 1972. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheelwright Scientific School 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 06/2022, Wheelwright Scientific School generated $508.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $251.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wheelwright Scientific School has awarded 13 individual grants totaling $294,455. 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
PROVIDED SCHOLARSHIPS FOR STUDENTS ATTENDING UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Elwell Trustee | 2 | $10,550 | |
John W Pramberg Trustee | 2 | $7,300 | |
Peter Demaranville Trustee | 2 | $7,300 | |
James G Zafris Jr Trustee | 2 | $6,200 | |
Honorable Donna Holaday Trustee | 2 | $4,700 | |
Honorable Sean Reardon Trustee | 2 | $3,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $307 |
| Dividends & Interest | $78,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $429,659 |
| Capital Gain Net Income | $429,659 |
| Net ST Capital Gain | $33,508 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $508,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,103 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,112 |
| Total operating and administrative expenses | $107,630 |
| Contributions, gifts, grants paid | $143,688 |
| Total expenses and disbursements | $251,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $560,380 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,717,014 |
| 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 |
Grants Awarded
Over the last fiscal year, Wheelwright Scientific School has awarded $143,688 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM AND MARY PURPOSE: TUITION SCHOLARSHIP | $43,545 |
UNC WILMINGTON PURPOSE: TUITION SCHOLARSHIP | $34,310 |
Fairfield, CT PURPOSE: TUITION SCHOLARSHIP | $27,123 |
MONTANA STATE PURPOSE: TUITION SCHOLARSHIP | $22,210 |
MIT PURPOSE: TUITION SCHOLARSHIP | $16,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Science Foundation New York, NY | $13,088,749 | $7,478,619 |
Earthwatch Institute Inc Newton, MA | $7,504,527 | $5,695,996 |
Consortium Of Universities For The Advangement Of Hydrologic Science Arlington, MA | $1,281,994 | $3,411,745 |
Mental Health Empowerment Project Inc Albany, NY | $1,208,283 | $2,548,134 |
Tricontinental Ltd Northampton, MA | $11,768,308 | $1,563,413 |
Talcott Mountain Science Center For Student Involvement Inc Avon, CT | $6,484,905 | $1,706,549 |
New England Complex Systems Institute Inc Cambridge, MA | $489,889 | $1,033,177 |
Heffter Research Institute Greenwich, CT | $1,949,890 | $972,818 |
Rhode Island Natural History Survey Kingston, RI | $553,768 | $736,991 |
Ahepa 110-Iii Inc Norwich, CT | $2,647,292 | $417,798 |
American Center For Optics Manufacturing Inc Rochester, NY | $449,823 | $886,662 |
Academy Of Applied Science Inc Contoocook, NH | $56,611 | $112,038 |