Woodway Scholarship Fund in Memory of Robert C Leverich

Nonprofit profile at a glance

EIN
060993265
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Darien, CT, USA
Phone
2033221661
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$106,709
Expenses
$75,170
Assets
$192,858
Liabilities
$0

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

Leadership & pay

4 people listed

People named in this filing

  • DAVID DURKIN (CHAIRMAN)
  • TIM DWYER (SECRETARY)
  • EDWARD STEARNS (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The woodway scholarship fund in memory of robert c. Leverich provides financial assistance for college education to qualified high school graduates. The selection of scholarship recipients is made on an annual basis by an outside committee. Scholarships are paid directly to the university on behalf of the individuals.

What it reported doing in 2024

Provision of annual scholarship awards to current matriculated college students upon academic achievement and need.

Operating model

Revenue model
Donor-supported. 93% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 82
  • Sustainability: 81
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.3%; rating input score 72
  • Program expense ratio: 99.8%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 29.6%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 2.57; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 16.3% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 72.3% of revenue deployed · 99.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $75K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Growth: Asset growth scored 0/100.