William Lockridge Educational And Scholarship Fund
- Assets
- $483.8k
- Revenue
- $169.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 27-4713500
Organization Overview
William Lockridge Educational And Scholarship Fund is located in Washington, DC. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Lockridge Educational And Scholarship Fund 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 12/2022, William Lockridge Educational And Scholarship Fund generated $169.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $83.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WILLIAM O. LOCKRIDGE COMMUNITY FOUNDATION (WOLCF), FOUNDED IN 2011, IS A NON PROFIT ORGANIZATION LOCATED IN SOUTHEAST WASHINGTON, D.C. THE WOLCF PROMOTES ACCESS TO HIGHER EDUCATION TO STUDENTS IN WARDS 7 AND 8 BY OFFERING SCHOLARSHIPS, EMERGENCY FINANCIAL ASSISTANCE TO COLLEGE AND INTERNATIONAL TRAVEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS WERE AWARDED SCHOLARSHIPS TOTALING $24,789 FOR COLLEGE IN THE 2022-2023 ACADEMIC YEAR. COVID-19 IMPACTED THE INTERNATIONAL AMBASSADORS PROGRAM (IAP). THE GOAL OF THE IAP IS TO EXPOSE MIDDLE AND HIGH SCHOOL STUDENTS TO INTERNATIONAL TRAVEL TO THE CONTINENT OF AFRICA. THE LAST COHORT OF LOCKRIDGE AMBASSADORS TRAVELED TO GHANA IN AUGUST 2020. WOLCF IS SPONSORING THE NEXT CLASS FOR TRAVEL TO AFRICA IN 2024.
OTHER SPONSORSHIP AND FUNDRAISING ACTIVITIES
DANCING WITH THE SCHOLARS IS WOLCF'S ANNUAL FUNDRAISER TO SUPPORT AND PROVIDE SCHOLARS WITH EDUCATIONAL AND FINANCIAL RESOURCES.
US FOREIGN SERVICE INITIATIVE THE GOAL OF THE USFSI IS TO EXPOSED MIDDLE AND HIGH SCHOOL STUDENTS WHO LIVE IN WARDS 7 AND WARD 8 OR ARE RESIDENTS TO PROFESSIONAL AND NONPROFESSIONAL CAREER OPTIONS OVERSEAS WITH THE U.S. GOVERNMENT AND PRIVATE SECTOR, NOT ONLY IN AFRICA BUT AROUND THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Lockridge Founder/chairwoman | OfficerTrustee | 15 | $0 |
Stefan Lockridge Director | Trustee | 5 | $0 |
Linval Crosdale Treasurer | Trustee | 5 | $0 |
Austin Cooper Director | Trustee | 5 | $0 |
Yvette Alexander Director | Trustee | 5 | $0 |
Tiffany Brown Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $149,519 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,180 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,352 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $126 |
| All other expenses | $4,826 |
| Total functional expenses | $83,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,814 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $483,814 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $483,814 |