PLATINUM2024

Wings Over America Scholarship Foundation

Invest in the Best

aka Wings Over America Scholarship Foundation   |   Virginia Beach, VA   |  www.wingsoveramerica.us
GuideStar Charity Check

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 info

1997

Executive Director

Ms. Andrea Meinicke Diamond

Main address

770 Lynnhaven Parkway Ste 155

Virginia Beach, VA 23452 USA

Show more contact info

EIN

54-1846969

Subject area info

Education

Population served info

Young adults

Families

Students

Military personnel

NTEE code info

Fund Raising and/or Fund Distribution (B12)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

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.

Population(s) Served
Military personnel
Students

WOASF eases the application for scholarships by administering over 10 additional scholarship programs,so with one application, students can win multiple awards.

Population(s) Served
Young adults

Free presentations to military families about maximizing education benefits and finding an applying for scholarships.

Population(s) Served
Families
Students

Where we work

Our results

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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.

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.

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.

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

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • 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

  • 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

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

560.70

Average of 153.56 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

18.8

Average of 5.1 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

32%

Average of 10% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Wings Over America Scholarship Foundation

Revenue & expenses

Fiscal Year: Oct 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Wings Over America Scholarship Foundation

Balance sheet

Fiscal Year: Oct 01 - Jun 30

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

Wings Over America Scholarship Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Jun 30

SOURCE: IRS Form 990 info

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 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $60,678 $57,984 $93,073 $125,610 $378,302
As % of expenses 17.4% 16.3% 24.5% 47.4% 147.9%
Unrestricted surplus (deficit) after depreciation $60,518 $57,824 $92,775 $124,992 $377,310
As % of expenses 17.4% 16.3% 24.4% 47.0% 146.9%
Revenue composition info
Total revenue (unrestricted & restricted) $436,394 $453,065 $561,953 $529,361 $489,212
Total revenue, % change over prior year 31.8% 3.8% 24.0% -5.8% -7.6%
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 4.3% 3.7% 4.5% 11.4% 7.6%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 95.4% 93.6% 83.7% 96.9% 93.1%
Other revenue 0.2% 2.6% 11.8% -8.3% -0.8%
Expense composition info
Total expenses before depreciation $347,851 $355,538 $380,324 $265,138 $255,833
Total expenses, % change over prior year 5.4% 2.2% 7.0% -30.3% -3.5%
Personnel 15.3% 14.0% 13.1% 24.2% 23.0%
Professional fees 6.2% 6.1% 5.5% 9.5% 6.6%
Occupancy 2.8% 3.0% 2.7% 3.5% 3.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 72.0% 75.0% 76.4% 59.0% 63.2%
All other expenses 3.7% 1.9% 2.3% 3.8% 3.9%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $348,011 $355,698 $380,622 $265,756 $256,825
One month of savings $28,988 $29,628 $31,694 $22,095 $21,319
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $689 $0 $5,925 $0
Total full costs (estimated) $376,999 $386,015 $412,316 $293,776 $278,144

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 3.5 2.8 2.5 10.2 18.8
Months of cash and investments 24.2 27.6 33.1 50.1 65.8
Months of estimated liquid unrestricted net assets 13.6 15.3 17.2 30.1 49.0
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $100,950 $84,389 $79,415 $226,371 $401,340
Investments $599,824 $732,560 $969,682 $880,271 $1,000,420
Receivables $2,480 $4,200 $1,000 $0 $0
Gross land, buildings, equipment (LBE) $1,818 $2,507 $2,507 $8,432 $8,432
Accumulated depreciation (as a % of LBE) 73.6% 59.8% 71.6% 28.6% 40.4%
Liabilities (as a % of assets) 3.7% 0.5% 2.1% 0.6% 0.2%
Unrestricted net assets $396,000 $453,824 $546,599 $671,591 $1,048,901
Temporarily restricted net assets $284,449 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $284,449 $364,691 $482,879 $435,239 $364,391
Total net assets $680,449 $818,515 $1,029,478 $1,106,830 $1,413,292

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Ms. Andrea Meinicke Diamond

Number of employees

Source: IRS Form 990

Wings Over America Scholarship Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Wings Over America Scholarship Foundation

Board of directors
as of 02/09/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

VADM Denby Starling

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Robert Geis

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Corry Juedeman Prestidge

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Chip Miller

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Wade McConvey

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Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • 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

SOURCE: Self-reported; last updated 5/20/2022

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
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Person with a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 05/20/2022

GuideStar 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

Policies and processes
  • 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.