Winged Foot Scholarship Foundation
- Assets
- $247.1k
- Revenue
- $111.7k
- Investments
- $161.6k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 02/1991
- Data as of
- 12/2022
- EIN
- 65-0227001
Organization Overview
Winged Foot Scholarship Foundation is located in Naples, FL. The organization was established in 1991. 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. Winged Foot Scholarship 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 12/2022, Winged Foot Scholarship Foundation generated $111.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $150.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Winged Foot Scholarship Foundation has awarded 106 individual grants totaling $451,554. 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
A PUBLIC FUND RAISING BANQUET IS HELD ANNUALLY AT A RENTED CLUB FACILITY. NATIONALLY KNOWN PERSONALTIES ARE EMPLOYED TO SPEAK AND TO HONOR THE SCHOLARSHIP FINALISTS AND TO AWARD THE SCHOLARSHIPS. THE EVENT IS WIDELY ATTENDED BY THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Hornbeck Chairman | 0 | $0 | |
Joe Carraher Director | 0 | $0 | |
Vin Depasquale Director | 0 | $0 | |
Jeff Fridkin Director | 0 | $0 | |
Howard Gutman Director | 0 | $0 | |
Paul Jones Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,691 |
| Dividends & Interest | $7,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,931 |
| Total Revenue | $111,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $80,444 |
| Total operating and administrative expenses | $83,467 |
| Contributions, gifts, grants paid | $66,544 |
| Total expenses and disbursements | $150,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,491 |
| 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 | $247,128 |
| 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, Winged Foot Scholarship Foundation has awarded $66,544 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
LANE CALKINS - PARTIAL PAYMENT PURPOSE: PRINCETON UNIVERSITY | $2,500 |
TIFFANY BREULER PURPOSE: UNIVERSITY OF SOUTH FLORIDA | $5,000 |
TAYLOR DAHLKE PURPOSE: FLORIDA STATE UNIVERSITY | $5,000 |
HANNAH CASEY PURPOSE: DAVIDSON UNIVERSITY | $5,000 |
YOSIEL LOPEZ PURPOSE: UNIVERSITY OF SOUTH FLORIDA | $5,000 |
MIA WHITOFF PURPOSE: GEORGIA TECH UNIVERSITY | $5,000 |