Wx Charitable Fund Ltd

Nonprofit profile at a glance

EIN
451019064
IRS 990-EZ coverage
2014–2021
Forms available
Form 990 2018, Form 990-EZ 2021
Location
New York, NY, USA
Phone
2124507300
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$21
Expenses
$25,164
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SONIA BAIN (PRESIDENT & DIRECTOR)
  • JENNIFER SCHWARTZMAN (VICE PRESIDENT & DIRECTOR)

People named in this filing

  • SONIA BAIN (PRESIDENT & DIRECTOR)
  • JENNIFER SCHWARTZMAN (VICE PRESIDENT & DIRECTOR)
  • JULIE WONG (TREASURER & 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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Working closely with wx inc., the wx charitable fund provided scholarships to programs which supported the career development of young women pursuing careers in commercial real estate. The fund was approved for dissolution in 2022 and assets were fully liquidated as of february 2022.

What it reported doing in 2021

Scholarships and grants program: was a key priority of the fund and was designed to encourage and support bright and talented young women in their pursuit of careers in real estate and real estate related professions. The fund awarded scholarships on an annual basis to promising students studying real estate in an undergraduate or graduate program.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - 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: 0
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 40

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; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -119,728.6%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd 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: 3.8% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: -28.1% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -31.9% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2014 to 2021
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 11 filed related-organization links
  • 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.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.