Wings Over America Scholarship Foundation
Invest in the Best
Wings Over America Scholarship Foundation
EIN: 54-1846969
Mission
OUR MISSION IS TO HONOR THE SERVICE OF NAVY AVIATION FAMILIES THROUGH EDUCATIONAL SCHOLARSHIPS. THE FOUNDATION PROVIDES POST-SECONDARY SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF US NAVY AVIATION PERSONNEL - ENLISTED AND OFFICER - ACTIVE DUTY, RETIRED OR DECEASED. RECIPIENTS ARE SELECTED ON THE BASIS OF SCHOLASTIC MERIT, COMMUNITY SERVICE AND CHARACTER.
Ruling year
1997
Executive Director
Ms. Andrea Meinicke Diamond
Main address
770 Lynnhaven Parkway Ste 155
Virginia Beach, VA 23452 USA
EIN
54-1846969
Education
Population served
Young adults
Families
Students
Military personnel
NTEE code
Fund Raising and/or Fund Distribution (B12)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Navy dependents face unique challenges from their civilian counterparts; frequent deployments, moves, school disruptions, loss of leadership opportunities and more. Yes these students don't merely survive, they thrive. WOASF celebrates these students and assists them in their pursuit of a college education.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Scholarship program
WOASF provides over 50 scholarships to Navy dependents from the aviation community. 10 awards are renewable for up to 4 years, the rest are annual awards for which students may apply each year.
Administered Scholarships
WOASF eases the application for scholarships by administering over 10 additional scholarship programs,so with one application, students can win multiple awards.
Funding a College Education Seminars
Free presentations to military families about maximizing education benefits and finding an applying for scholarships.
Where we work
External reviews
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of students who apply for scholarships
This metric is no longer tracked.Totals By Year
Population(s) Served
Adolescents, Adults, Veterans, Military personnel
Related Program
Scholarship program
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
More families are choosing to use Post 911 Benefits for tuition.
Number of attendees present at rallies/events
This metric is no longer tracked.Totals By Year
Population(s) Served
Age groups
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Attendees for College Funding information
Number of organizational partners
This metric is no longer tracked.Totals By Year
Related Program
Administered Scholarships
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Administered Scholarship partners Scholarship Partners
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
WOASF tries to reduce the college debt of the students we serve. Military dependents face different challenges than their civilian peers and we are trying to level the playing field.
Military moves can be challenging to education - different curriculum and graduation requirements, loss of extra-curricular and leadership opportunities, missing deadlines for specialized programs, etc. Additionally, it is difficult to participate in "pre-paid tuition" or 529 programs when you don't know what state or country you'll be living in when that time comes.
WOASF mitigates these circumstances by providing a scholarship applicant pool with similar life experiences.
What are the organization's key strategies for making this happen?
We promote our scholarship program all over the world, concentrating on schools located near Navy bases and commands. We provide a comprehensive list of military affiliated scholarships and programs for our dependents. Even if they don't qualify for our scholarship, we can direct them to other programs that better suit them.
We also host Funding Education presentations to help families learn how to access their military education benefits and related programs to help alleviate the financial burden of a college education.
Finally, we increase fundraising each year to support more scholarships for bigger amounts so we can assist more students.
What are the organization's capabilities for doing this?
Our foundation is partnering with other military organizations to help spread the word and resources to students throughout the country.
We have increased outreach in densely populated Navy areas (CA, FL, VA etc.). this includes not only providing information and resources but also ,galvanizing donors in these areas to support their community.
We are increasing our volunteer pool an staff hours to help keep up with the increase of our applicant pool. More applications and more scholarships mean more scholarship administration hours. We are fortunate that we have the staff and volunteers to keep up with this demand.
What have they accomplished so far and what's next?
We have been able to increase scholarship awards each year, but have not been able to keep up with demand. We have many worthy applicants that are denied because of a limitation of funds for scholarships. If we had a greater amount of funding, we can help more students with their education. We try to keep an award rate of 20%, but applications increase at a faster rate than donations.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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Who are the people you serve with your mission?
We served dependent children and spouses of the Navy aviation community by providing scholarships for postsecondary education.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
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What significant change resulted from feedback?
During this time of pandemic with students unable to participate in school activities we adjusted that portion of the application process. Additionally, we have eliminated the submission of SAT/ACT scores for the application.
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
47.73
Months of cash in 2021 info
2.5
Fringe rate in 2021 info
7%
Funding sources info
Assets & liabilities info
Wings Over America Scholarship Foundation
Revenue & expensesFiscal Year: Oct 01 - Sep 30
SOURCE: IRS Form 990
Wings Over America Scholarship Foundation
Balance sheetFiscal Year: Oct 01 - Sep 30
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Oct 01 - Sep 30
SOURCE: IRS Form 990
This snapshot of Wings Over America Scholarship Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $104,925 | $7,365 | $60,678 | $57,984 | $93,073 |
| As % of expenses | 36.0% | 2.2% | 17.4% | 16.3% | 24.5% |
| Unrestricted surplus (deficit) after depreciation | $104,849 | $6,874 | $60,518 | $57,824 | $92,775 |
| As % of expenses | 35.9% | 2.1% | 17.4% | 16.3% | 24.4% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $343,502 | $331,136 | $436,394 | $453,065 | $561,953 |
| Total revenue, % change over prior year | -15.1% | -3.6% | 31.8% | 3.8% | 24.0% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 3.2% | 4.3% | 4.3% | 3.7% | 4.5% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 96.7% | 95.7% | 95.4% | 93.6% | 83.7% |
| Other revenue | 0.1% | 0.0% | 0.2% | 2.6% | 11.8% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $291,672 | $330,118 | $347,851 | $355,538 | $380,324 |
| Total expenses, % change over prior year | 1.6% | 13.2% | 5.4% | 2.2% | 7.0% |
| Personnel | 20.1% | 18.5% | 15.3% | 14.0% | 13.1% |
| Professional fees | 7.2% | 6.3% | 6.2% | 6.1% | 5.5% |
| Occupancy | 2.5% | 2.9% | 2.8% | 3.0% | 2.7% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 66.6% | 67.1% | 72.0% | 75.0% | 76.4% |
| All other expenses | 3.6% | 5.3% | 3.7% | 1.9% | 2.3% |
| Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $291,748 | $330,609 | $348,011 | $355,698 | $380,622 |
| One month of savings | $24,306 | $27,510 | $28,988 | $29,628 | $31,694 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $848 | $0 | $0 | $689 | $0 |
| Total full costs (estimated) | $316,902 | $358,119 | $376,999 | $386,015 | $412,316 |
Capital structure indicators
| Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Months of cash | 2.8 | 2.8 | 3.5 | 2.8 | 2.5 |
| Months of cash and investments | 23.9 | 21.9 | 24.2 | 27.6 | 33.1 |
| Months of estimated liquid unrestricted net assets | 13.5 | 12.2 | 13.6 | 15.3 | 17.2 |
| Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Cash | $68,397 | $76,850 | $100,950 | $84,389 | $79,415 |
| Investments | $513,692 | $525,999 | $599,824 | $732,560 | $969,682 |
| Receivables | $2,505 | $0 | $2,480 | $4,200 | $1,000 |
| Gross land, buildings, equipment (LBE) | $1,548 | $1,818 | $1,818 | $2,507 | $2,507 |
| Accumulated depreciation (as a % of LBE) | 44.4% | 64.8% | 73.6% | 59.8% | 71.6% |
| Liabilities (as a % of assets) | 3.5% | 5.2% | 3.7% | 0.5% | 2.1% |
| Unrestricted net assets | $328,608 | $335,482 | $396,000 | $453,824 | $546,599 |
| Temporarily restricted net assets | $239,472 | $239,722 | $284,449 | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Total restricted net assets | $239,472 | $239,722 | $284,449 | $364,691 | $482,879 |
| Total net assets | $568,080 | $575,204 | $680,449 | $818,515 | $1,029,478 |
Key data checks
| Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Ms. Andrea Meinicke Diamond
Number of employees
Source: IRS Form 990
Wings Over America Scholarship Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Wings Over America Scholarship Foundation
Board of directorsas of 02/24/2023
Board of directors data
VADM Denby Starling
Denby Starling
Deidre Myers
Robert Geis
Ken Shook
First Command
Tom Phelan
KBR
Herm Shelanski
NNS
Rich Butler
Dollar Tree
Rachel Meier
Melodye Whitesell
Corry Juedeman Prestidge
First Command
Mark Haller
Tri-Tec Manufacturing
Raymond Kemp
Jeff McKenzie
RBC Inc.
Chip Miller
HII/NNS
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
Sexual orientation
No data
Disability
We do not display disability information for organizations with fewer than 15 staff.
Equity strategies
Last updated: 05/20/2022GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Financial statements for 2021, 2021, 2020, 2019, 2019
- Letter of Determination
- Officer and/or Employee data for 2021, 2020, 2019, 2018, 2017
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