Wor-Wic Community College Foundation

Organization Overview

Wor-Wic Community College Foundation is located in Salisbury, MD. The organization was established in 1983. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Wor-Wic Community College Foundation 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, Wor-Wic Community College Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.6% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

NOT FOR PROFIT ORGANIZATION ESTABLISHED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO BENEFIT WOR-WIC COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED FUNDING TO WOR-WIC COMMUNITY COLLEGE TO PROVIDE STUDENTS WITH SCHOLARSHIPS IN ORDER TO FURTHER THEIR EDUCATION.


THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO VARIOUS DEPARTMENTS OF WOR-WIC COMMUNITY COLLEGE.


THE FOUNDATION PROVIDES EMERGENCY RELIEF TO WOR-WIC COMMUNITY COLLEGE STUDENTS AND EMPLOYEES IN NEED OF IMMEDIATE FINANCIAL ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen Abercrombie
Chairperson
$0
Phyllis Vinyard
Secretary
$0
Jason Parker
Treasurer
$0
Mike Marshall
Vice Chairperson
$0
Jessica Hales
Executive Director
$0
Christopher Mancini
Director
$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$6,986,404
Noncash contributions included in lines 1a–1f $2,098
Total Revenue from Contributions, Gifts, Grants & Similar$6,986,404
Total Program Service Revenue$0
Investment income $4,170
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $93,096
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,083,670

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Wor-Wic Community College Foundation has recieved totaling $1,071,191.

Awarding OrganizationAmount
Community Foundation Of The Eastern Shore Inc

Salisbury, MD

PURPOSE: EDUCATION

$457,305
Richard A Henson Charitable Foundation Inc

Salisbury, MD

PURPOSE: CAPITAL CAMPAIGN

$400,000
Dunahoo Family Foundation Inc

Millersville, MD

PURPOSE: CHARITABLE

$100,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$100,000
Ed Whittington Charitable Tr

Salisbury, MD

PURPOSE: GENERAL SUPPORT

$7,886
Patricia And Alan Guerrieri Family Foundation Inc

Ocean City, MD

PURPOSE: GENERAL SUPPORT

$3,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,771,780
Earnings-$2,704,462
Admin Expense$175,514
Net Contributions$2,720,204
Grants$338,267
Ending Balance$21,273,741

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