Joseph L Wolcott Scholarship Fund
Only null% goes to programs Strong reserves Growing revenue
Joseph L Wolcott Scholarship Fund is a 501(c)(3) organization based in Toledo, Ohio, registered in 1962, with $292,973 in FY2024 revenue. CharityIndex grades it B.
405 Madison Ave Ste 1470, Toledo, OH, 43604 EIN 34-6515331 Since 1962
Revenue (FY2024)
$293K
▲ 5.1% vs prior year
Education median: $200K
Expenses (FY2024)
$283K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Joseph L Wolcott Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating58 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joseph L Wolcott Scholarship Fund: 58 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Joseph L Wolcott Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joseph L Wolcott Scholarship Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 405 Madison Ave Ste 1470, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $98K (FY2013) to $293K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $474Net assets $1.4M
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$474
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $292,973▲5.1% | $283,214▲15.7% | $1,372,612▲0.7% | $1,373,086▲0.7% | 990 |
| 2023 | $278,738▼11.4% | $244,847▲22.6% | $1,362,853▲2.6% | $1,363,327▲2.5% | 990 |
| 2022 | $314,680▲26.6% | $199,672▲0.7% | $1,328,962▲9.4% | $1,329,436▲9.4% | 990 |
| 2021 | $248,639▲14.0% | $198,346▼19.9% | $1,214,472▲4.3% | $1,214,952▲4.3% | 990 |
| 2020 | $218,129▲4.0% | $247,706▼32.6% | $1,164,179▼2.5% | $1,164,657▼2.5% | 990 |
| 2019 | $209,839▲16.0% | $367,542▲138% | $1,193,756▼11.7% | $1,194,233▼11.7% | 990 |
| 2018 | $180,854▲16.9% | $154,674▲91.7% | $1,351,459▲2.1% | $1,351,936▲2.1% | 990 |
| 2017 | $154,685▼13.8% | $80,677▼15.5% | $1,323,454▲5.9% | $1,323,931▲5.9% | 990 |
| 2016 | $179,380▲30.4% | $95,489▼10.4% | $1,249,446▲7.2% | $1,249,920▲7.2% | 990 |
| 2015 | $137,598▼15.2% | $106,546▼21.4% | $1,165,555▲2.7% | $1,166,030▲2.7% | 990 |
| 2014 | $162,168▲65.8% | $135,590▲27.9% | $1,134,503▲2.4% | $1,134,978▲2.4% | 990 |
| 2013 | $97,780 | $106,050▼23.9% | $1,107,925▼0.7% | $1,108,398▼0.7% | 990 |
| 2012 | — | $139,292▲5.4% | $1,116,039▼6.7% | $1,116,513▼7.0% | 990 |
| 2011 | — | $132,109▲3.3% | $1,196,128▼1.8% | $1,199,920▼1.8% | 990 |
| 2010 | — | $127,884 | $1,218,145 | $1,222,254 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Joseph L Wolcott Scholarship Fund a legitimate nonprofit?
- Yes. Joseph L Wolcott Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6515331, based in Toledo, Ohio. Donations are tax-deductible.
- What is Joseph L Wolcott Scholarship Fund's EIN?
- Joseph L Wolcott Scholarship Fund's Employer Identification Number (EIN) is 34-6515331.
- How much revenue does Joseph L Wolcott Scholarship Fund report?
- Joseph L Wolcott Scholarship Fund reported $292,973 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Joseph L Wolcott Scholarship Fund have?
- CharityIndex grades Joseph L Wolcott Scholarship Fund B, based on financial health (reserves and operating margin).
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Data for Joseph L Wolcott Scholarship Fund (EIN 34-6515331) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.