Wes Tuttle Foundation Inc

Nonprofit profile at a glance

EIN
882911414
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Marlborough, MA, USA
Phone
9783698848
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$106,537
Expenses
$10,180
Assets
$100,032
Liabilities
$3,675

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

Leadership & pay

12 people listed

Executive titles in this filing

  • H LARUE RENFROE (PRESIDENT AND DIRECTOR)

People named in this filing

  • DAVID BARBERIO (DIRECTOR)
  • WILLIAM JAFFE (DIRECTOR)
  • MICHAEL MATROS (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 mission of the wes tuttle foundation, inc. ("wtfnd") is to: (a) foster, encourage, and support participation in youth hockey, (b) support civic initiatives to improve the economic prospects and quality of life of municipalities throughout new england with a particular focus on the city of marlborough and surrounding communities, (c) provide educational scholarships to high school graduates from low income families to help young people achieve their full potential through academic enrichment, and (d) provide grants to public charities recognized as tax-exempt organizations described in section 501(c)(3) of the code. The activities will be primarily conducted in new england with an emphasis on the central Massachusetts area and funding will be generated by fundraising events hosted by wtfnd along with direct donations received by wtfnd.

What it reported doing in 2024

Scholarship program: wtfnd intends to issue grants to individuals to promote access to a college education for lower-income families. Wtfnd intends to award scholarships to applicants exclusively for tuition and with the awarded amount subject to change based on the funding of this activity by fundraising events hosted by wtfnd and direct donations. The board of directors will select and determine which individuals will receive scholarship. The review process will include an application and supporting materials that sets out the applicant's academic record and financial need. This activity will be conducted to support individuals attending any college or university in the united states. Wtfnd anticipates it will devote 15 percent of its collective time to review, vet, consider, and issue grants to worthy recipients. This program has yet to begin in tax year 2024.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 0
  • Transparency & Controls: 100
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

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: 90.4%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 9.83; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 150% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 150% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.