Worthington Scholarship Foundation

Nonprofit profile at a glance

EIN
821503998
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024
Location
Naples, FL, USA
Phone
2396491541
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Private Operating Foundations

Reported finances

Revenue
$42,894,232
Expenses
$6,495,185

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

Overview

Mission

Private Operating Foundations

What it reported funding in 2024

The foundation reported 36 grants totaling $5,080,186. The stated grant purposes included scholarships - r adnan, c baker, j bock, s butler, s compare, z emery, j fairchild, m gill, r glaser, j lindelof, h norton, c pope, c pottle, s rumsey, t seavey, e trundy, i usher, scholarships - m abbott, c bannon, e buck, g campbell, b fisher, a gifford, r hafener, d hicock, r jaksa, a mckelvey, m muse, r nelson, z o'brien, r panenka, h penfold, a ramirez, m rebordao, e salzig, k soule, g turk, g webber, and scholarships - r abdile, f ali, t bannister, d beal, k benoit, k blouin, d bouchard, n bruen, e burkhardt, k campbell, j chamness, m chase, s chase, l church, r cox, a cullen, d day, s demascio, b douglass, h durrell, g ellis, b francis, a french, d gibson, b gilmore, k greene, t hemond, k hensley, k hodde, m holbrook, l johnson, a king, k labrecque, e ladd, b mahaney, g malo, b martin, s mayow, j mcmanus, e namwira, h nelson, z peirce, a peterson, a poulin, a preshong, c rau, t reed, l risteen, c robinson, o scott, b short, k spofford, k spradlin, a sturtevant, i taylor, t tripp, e veilleux, n waldron, a walker-goodrich, m wight, m wing, b zlotkowski, plus 33 other reported purposes.

Operating model

Revenue model
Donor-supported. 96% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 83% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 78
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 14

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 89th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 78.2%; rating input score 78; 37th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Fail
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 8.89; rating input score 14; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 14th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 43 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 — Endowment Health: Endowment-health comparison scored 14/100.
  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.