William O Lockridge Community Foundation

Nonprofit profile at a glance

EIN
274713500
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-N 2020
Location
Washington, DC, USA
Phone
2023206063
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$59,241
Expenses
$63,169
Assets
$470,299
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • Wanda Lockridge (Founder/Chairwoman)
  • Stefan Lockridge (Director)
  • Linval Crosdale (Treasurer)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The William O. Lockridge Community Foundation (WOLCF), founded in 2011, is a non profit organization located in Southeast Washington, D.C. The WOLCF promotes access to higher education to students in Wards 7 and 8 by offering scholarships, emergency financial assistance to college and international travel

What it reported doing in 2025

At the heart of the WOLCFs work is the belief that global engagement transforms lives. In July, four student ambassadors traveled to Luanda, Angola, as part of the WOLCFs International Ambassadors Program (IAP). This immersive experience offered students firsthand exposure to African history, culture, and global perspectives-broadening their academic interests and shaping their future aspirations. The program remains a cornerstone of the WOLCFs commitment to cultivating globally aware, culturally fluent leaders. Complementing this effort, the U.S. Foreign Service Initiative (USFSI) engaged 15 high school students in spring and fall cohorts. Through six-session programs featuring diplomats, policy experts, and industry professionals, students explored careers in international affairs, media, trade, the environment, and diplomacy. Participants gained practical skills, career insights, and confidence, with several moving toward becoming future ambassadors.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 50
  • Accountability: 88
  • Sustainability: 53
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -6.6%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 7.45; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 13 of 11 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $63K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and foreign activity
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.