Form 990 for tax year 2022
Filed by WILLIAM LOCKRIDGE EDUCATIONAL AND SCHOLARSHIP FUND.
Totals
- Total revenue
- $169,519
- Total expenses
- $83,303
- Contributions and grants received
- $20,000
- Grants paid
- $0
- Program service revenue
- $149,519
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $483,814
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $483,814
- Program services expenses (Part IX)
- $83,303
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $83,303
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$20,000
-
2a · Program service revenue: Unrestricted Revenue
total $17,396 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Sponsorship
total $132,123 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $1,180 · program services $1,180 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $1,352 · program services $1,352 · management and general $0 · fundraising $0
-
17 · Travel
total $24,621 · program services $24,621 · management and general $0 · fundraising $0
-
23 · Insurance
total $126 · program services $126 · management and general $0 · fundraising $0
-
24a · Other expenses: Meals & Entertainment
total $308 · program services $308 · management and general $0 · fundraising $0
-
24b · Other expenses: Scholarships
total $39,109 · program services $39,109 · management and general $0 · fundraising $0
-
24c · Other expenses: Office Supplies & Software
total $4,399 · program services $4,399 · management and general $0 · fundraising $0
-
24d · Other expenses: Other business expense
total $7,382 · program services $7,382 · management and general $0 · fundraising $0
-
24e · All other expenses
total $4,826 · program services $4,826 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $268,769 · end of year $483,814
-
3 · Pledges and grants receivable
beginning of year $2,850
-
15 · Other assets
beginning of year $1,616
-
27 · Net assets without donor restrictions
beginning of year $273,235 · end of year $483,814
Mission and programs · 2022
Mission
The William O. Lockridge Community Foundation (WOLCF), founded in 2011, is a non profit organization located in Southeast Washington, D.C. The WOLCF promotes access to higher education to students in Wards 7 and 8 by offering scholarships, emergency financial assistance to college and international travel
-
Students were awarded scholarships totaling $24,789 for college in the 2022-2023 academic year. COVID-19 impacted the International Ambassadors Program (IAP). The goal of the IAP is to expose middle and high school students to international travel to the continent of Africa. The last cohort of Lockridge Ambassadors traveled to Ghana in August 2020. WOLCF is sponsoring the next class for travel to Africa in 2024.
Expenses $24,789 · Revenue $26,200
-
Dancing with the Scholars is WOLCF's annual fundraiser to support and provide scholars with educational and financial resources.
Expenses $3,156 · Revenue $27,350
-
US Foreign Service Initiative The goal of the USFSI is to exposed middle and high school students who live in Wards 7 and Ward 8 or are residents to professional and nonprofessional career options overseas with the U.S. Government and private sector, not only in Africa but around the world.
Expenses $170 · Revenue $10,000
-
Other sponsorship and fundraising activities
Expenses $55,188 · Revenue $21,438
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Wanda Lockridge
Founder/Chairwoman
- Total calculated
- $0
- Hours/week
- 15
-
Stefan Lockridge
Director
- Total calculated
- $0
- Hours/week
- 5
-
Linval Crosdale
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Austin Cooper
Director
- Total calculated
- $0
- Hours/week
- 5
-
Yvette Alexander
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tiffany Brown
Director
- Total calculated
- $0
- Hours/week
- 5
-
Angela Chester-Johnson
Director
- Total calculated
- $0
- Hours/week
- 5
-
Haywood Donerson
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tori Hawkins-Plummer
Director
- Total calculated
- $0
- Hours/week
- 5
-
Jaren Hill Lockridge
Director
- Total calculated
- $0
- Hours/week
- 5
-
Jacque Patterson
Director
- Total calculated
- $0
- Hours/week
- 5
-
Tatiana Robinson
Director
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349328477
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