Douglas Whitlock Mem Fd Tr

What it reported doing in 2024

The Douglas Whitlock Memorial Trust (trust) exclusively supports the Brick Industry Association by helping it safeguard the clay brick industry through the promotion of educational fields of study advantageous to its members. Scholarships are granted to worthy individuals enrolled or planning to enroll in a full-time course of study at an accredited college or university leading up to an associates' degree or higher. Scholarship grants are made according to a selection process based on an applicant's prior academic achievement, performance on certain tests designed to measure ability and aptitude for college work, financial need, leadership and participation in school and community activities, honors, work experience, and statement of educational and career goals. Grants are made on an objective and nondiscriminatory basis consistent with the fund's exempt purposes. Preference is given to those applicants who express an interest in the brick industry or an affiliated industry (although any grant awarded will not be conditioned on the recipient choosing a particular profession or seeking or accepting employment with any member of the brick industry association).

Financial Efficiency

• Mission deployment rate: 0%; rating input score 0
• Program expense ratio: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: 10.1% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 8% per year; rating input score 100; 67th percentile among comparable filings