Wps2 Fund
501(c)(4)Education
100% goes to programs Strong reserves Declining revenue
Wps2 Fund is a 501(c)(4) organization based in Bentonville, Arkansas, registered in 2021, with $915,804 in FY2023 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
Po Box 1860, Bentonville, AR, 72712 EIN 86-3249698 Since 2021
Revenue (FY2023)
$916K
▼ 99.7% vs prior year
Education median: $200K
Expenses (FY2023)
$5.2M
Net assets
$266.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
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. For Wps2 Fund: 100% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating617 mo reserves · -466% 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 Wps2 Fund: 617 mo reserves · -466% margin earns a F on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
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. For Wps2 Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Wps2 Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The organization's mission is to support innovations and reforms to improve public and private k-12 education for the benefit of all students.
Contact & location
- Address
- Po Box 1860, Bentonville, AR, 72712
- City
- Bentonville
- State
- Arkansas
- Category
- Education
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
Financial trends
Revenue declined from $1.5M (FY2021) to $916K (FY2023) across 3 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $266.6M
Operating margin
-465.8%
Spent more than it raised in the latest fiscal year.
Total assets
$266.6M
Total liabilities
$0
Net assets
$266.6M
Salaries & benefits
$0
0% of expenses
Board members
2
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $915,804▼99.7% | $5,181,531▼3.3% | $266,602,480▼1.6% | $266,602,480▼1.6% | 990 |
| 2022 | $276,082,637▲18483% | $5,358,913▲300% | $270,868,207▲187374% | $270,868,207▲364% | 990 |
| 2021 | $1,485,640 | $1,341,157 | $144,483 | $58,394,483 | 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.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Buddy D Philpot | Director, President, Treasurer | 0.5 | — |
| Eliza Erickson | Director (until 10/15/23) | 0.5 | — |
| Erron Smith | Secretary | 0.5 | — |
| Marc Holley | Director (from 10/15/23) | 0.5 | — |
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Compare Wps2 Fund
Frequently asked questions
- Is Wps2 Fund a legitimate nonprofit?
- Yes. Wps2 Fund is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 86-3249698, based in Bentonville, Arkansas.
- What is Wps2 Fund's EIN?
- Wps2 Fund's Employer Identification Number (EIN) is 86-3249698.
- How much revenue does Wps2 Fund report?
- Wps2 Fund reported $915,804 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wps2 Fund's spending goes to programs?
- Wps2 Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wps2 Fund have?
- CharityIndex grades Wps2 Fund C, based on program efficiency and fundraising cost.
- How much does Wps2 Fund's highest-paid employee make?
- The highest reported compensation on Wps2 Fund's latest Form 990 is $0, paid to Buddy D Philpot (Director, President, Treasurer).
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Data for Wps2 Fund (EIN 86-3249698) 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.