Wise Foundation
Nonprofit profile at a glance
- EIN
- 881766363
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990-EZ 2023
- Location
- Columbia, SC, USA
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $1,250
- Expenses
- $5,366
- Assets
- $28
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Sylvia Thomas (Board Member)
- Veronica Rabb (Board Member)
- Tamika Battle (Board Member)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2023
Voorhees University's Center of Excellence for Educator Preparation and Innovation - Professional educators gained practical insights into leveraging multiple web resources and local community organizations to reinforce their lessons with real-world scenarios. This initiative aimed at transforming them into master financial literacy teachers.
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
MIXED - The filed numbers largely add up. 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: 31
- Transparency & Controls: 82
- Sustainability: 10
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.3%; rating input score 44
- Program expense ratio: 10.3%; rating input score 10
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -329.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 44.3% of revenue deployed · 10.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $554 in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Financial Efficiency: Program expense ratio scored 10/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.