The Wendell Scott Foundation Inc

Nonprofit profile at a glance

EIN
300680491
IRS 990 coverage
2018–2019
Forms available
Form 990 2019, Form 990-N 2017
Location
Danville, VA, USA
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$326,970
Expenses
$294,373
Assets
$124,867
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • WARRICK SCOTT (CEO)
  • CHINIQUE SCOTT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • WARRICK SCOTT (CEO): $20,036 total reported compensation
  • CHINIQUE SCOTT (EXECUTIVE DIRECTOR): $19,208 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wendell Scott Foundation has provided mentoring, job skill training, educational opportunities as well as supportive services, that rely on applications of Science, Technology, Engineering, and Math (STEM) to at-risk, under-served youths between the ages of 8 18 years of age.

What it reported doing in 2019

Camp Cultivation-The Wendell Scott Foundation partnered with the United States Department of Agricultures Natural Resources Conservation Service (NRCS) to create Camp Cultivation, an agriculture and STEM summer camp on June 23-25, 2019. The residential camp was held at Virginia State University (VSU) and was designed to provide students who are typically underrepresented in agricultural and STEM disciplines an opportunity to learn more about the various career paths that could be available to them if they pursued an agriculture or STEM degree. During the camp students also had sessions with staff from admissions and financial aid. They were able to provide students with important information about applying to VSU.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 85
  • Accountability: 90
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.8%; rating input score 73
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: $26.01 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 11th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 13.3%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 30% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 72.8% of revenue deployed · 80.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $238K in reported program spending
  • Leadership: top reported pay $20K · 8 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2018 to 2019
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 29/100.