The Walter E. Luckett Jr. Foundation, Inc.
Legal name: Walter E Luckett Jr Foundation Inc
Nonprofit profile at a glance
- EIN
- 462345690
- IRS 990-EZ coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2024
- Location
- Hamden, CT, USA
- Phone
- 2034300898
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $136,658
- Expenses
- $95,803
- Assets
- $88,483
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Walter E Luckett Jr (President)
- Valita H Luckett (Vice President & Secretary/Treasurer)
People named in this filing
- Walter E Luckett Jr (President)
- Valita H Luckett (Vice President & Secretary/Treasurer)
- Louis Albanese (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The WEL Foundation’s work could not be accomplished without the financial generosity and in-kind contributions from our funders, sponsors, and business partners, who have supported us since our inception. We owe them a huge debt of gratitude for their unwavering commitment and efforts toward the fulfillment of our mission and vision.
What it reported doing in 2024
In partnership with The Justice Education Center, the Foundation provided funding for job readiness training, resume writing, and hands on internship experience for 30 high school and college students. Participants received minimum wage or more per hour for 60 hours over a six-week period in July and August for the Tier III hands on internship.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 100
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.7%; rating input score 24
- Program expense ratio: 33.8%; rating input score 34
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 29.9%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.92; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 10.4%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 16.9% per year; rating input score 100; 76th percentile among comparable filings
Details
- What they do: 11 programs and campaigns described on the official site · 4 operating locations identified
- Where the money goes: 23.7% of revenue deployed · 33.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 24/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 21/100.