Wheelwright Scientific School
- Assets
- $3.6m
- Revenue
- $323.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 05/1972
- Data as of
- 06/2024
- 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 06/2024, Wheelwright Scientific School generated $323.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $426.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wheelwright Scientific School has awarded 38 individual grants totaling $895,744. 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
2024
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 W Pramberg Trustee | 2 | $6,400 | |
John C Elwell President | 2 | $9,400 | |
Peter Demaranville Ex-Trustee | 2 | $1,500 | |
Honorable Sean Reardon Trustee | 2 | $6,400 | |
Mark Littlefield Treasurer | 2 | $9,400 | |
Cindy Johnson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $206 |
| Dividends & Interest | $83,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $239,326 |
| Capital Gain Net Income | $239,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $323,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,357 |
| Total operating and administrative expenses | $81,642 |
| Contributions, gifts, grants paid | $344,928 |
| Total expenses and disbursements | $426,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $453,505 |
| 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 | $3,595,261 |
| 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 $344,928 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA INST OF TECHNOLOGY PURPOSE: TUITION SCHOLARSHIP | $30,000 |
UMASS AMHERST PURPOSE: TUITION SCHOLARSHIP | $30,000 |
SACRED HEART UNIVERSITY PURPOSE: TUITION SCHOLARSHIP | $19,249 |
UNC WILMINGTON PURPOSE: TUITION SCHOLARSHIP | $13,130 |
MONTANA STATE PURPOSE: TUITION SCHOLARSHIP | $28,445 |
VIRGINIA TECH PURPOSE: TUITION SCHOLARSHIP | $30,000 |