Scotch Plains Fanwood Scholarship Foundation

Nonprofit profile at a glance

EIN
226105926
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Fanwood, NJ, USA
Phone
9088896625
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$257,526
Expenses
$300,695
Assets
$1,042,901
Liabilities
$750

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MICHELLE WYRWA (PRESIDENT)

People named in this filing

  • DEB BRODY (TRUSTEE)
  • MARY BALL CAPPIO (TRUSTEE)
  • PETER CHEMIDLIN (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation solicits funds and receives unsolicited funds and donations from organizations and individuals who establish honorary/memorial scholarships with specific requirements and need our administrative expertise to give scholarship assistance to deserving high school graduates who are domiciled in scotch plains or fanwood, New Jersey.

What it reported doing in 2024

The foundation publishes a hard copy listing of the individual scholarship awards in november for the forthcoming calendar year, and in addition it is posted on the official website of the public school system of scotch plains-fanwood.each member of a 14 member community citizens committee review each student application independently and assign an evaluation to the application osing a numerical rating system.the screening committee then meets as a group and provides a listing of the recipients to the trustees for their review and approval.at the annual awards night held in may at the scotch plains fanwood high school the recipients of the scotch plains fanwood scholarship foundation along with recipients of awards from other local, regional, and national donors receive their awards. Often the donor or a member of the donor's family is the presenter of the award especially in the case of memorial scholarships.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 64
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.8%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16.8%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 3.47; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $294K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.