2024-01-29T13:38:45-05:00 2023-04-30 231380332 KIMMEL LORAH & ASSOCIATES LLP 2550 EISENHOWER AVE STE B208 AUDUBON PA 19403 990 2022-05-01 236253965 THE WOLCOTT FOUNDATION INC WOLC 2153683121 210 SOUTH BROAD STREET LANSDALE PA 19446 ROBERT L MORTON TREASURER 2153683121 2024-01-15 ROBERT MORTON 999009999 false ROBERT STEVENSON CPA P00018843 6106660450 2024-01-15 2022 2023-04-26 12:10:37Z MICHAEL CLARK 6815 SUNRISE COURT SE GRAND RAPIDS MI 49546 1785070 false X WWW.WOLCOTTFOUNDATION.COM X 1952 MO ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS. 5 5 0 0 25586 34933 0 386189 156880 107021 0 518796 191813 475295 129255 0 0 0 0 91069 79689 566364 208944 -47568 -17131 6566658 6218039 367251 6566658 5850788 X THE FOUNDATION ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS. false false 155443 129255 THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE (STUDENT LOANS) WHILE ATTENDING GWU. UPON GRADUATION 25% OF EACH STUDENT'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED FOR EACH YEAR SUCH STUDENT PERFORMED GOVERNMENTAL OR RELATED SERVICE AS APPROVED BY THE TRUSTEES. THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE (STUDENT LOANS) WHILE ATTENDING GWU. UPON GRADUATION 25% OF EACH STUDENT'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED FOR EACH YEAR SUCH STUDENT PERFORMED GOVERNMENTAL OR RELATED SERVICE AS APPROVED BY THE TRUSTEES. 155443 true false false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false 0 0 0 false false false false false false false false X 5 5 false false false false true false false true true false false false false false false false false false ROBERT L MORTON 2153683121 210 SOUTH BROAD STREET LANSDALE PA 19446 X MICHAEL CLARK CHAIRMAN 10.00 X 0 0 0 STANLEY GARDNER VICE CHAIRMA 5.00 X 0 0 0 ROGER HANSEN TRUSTEE 5.00 X 0 0 0 ROBERT L MORTON TREASURER 15.00 X X 0 0 0 WILLIAM WILKINSON SECRETARY 5.00 X X 0 0 0 false false false 34933 34933 335113 335113 1415024 1593257 -178233 -178233 -178233 191813 156880 129255 129255 13924 13924 2611 2611 515 515 1300 1300 23577 23577 30158 30158 2479 2479 ZONE ADMIN EXPENSE 4000 4000 ADMINISTRATIVE COSTS 1125 1125 208944 155443 53501 0 50403 95592 6516255 6122447 6566658 6218039 367251 0 367251 X 698706 945094 5867952 4905694 6566658 5850788 6566658 6218039 -17131 -698739 X false false X 29608 51850 27967 25586 34933 169944 29608 51850 27967 25586 34933 169944 169944 183951 340422 913201 386189 156880 1980643 2150587 747631 0.07900 0.08260 X SUPPLEMENTAL INFORMATION PART II, SECTION C, LINE 17B, FACTS AND CIRCUMSTANCES TEST: THE FOUNDATION CONTINUOUSLY RECEIVES CONTRIBUTIONS FROM THE GENERAL PUBLIC THROUGH THE FELLOWSHIP FUND AND THE ENDOWMENT FUND. THEY ALSO CONTINUE TO RECEIVE PUBLIC CONTRIBUTIONS FROM THE POSEY TRUST. THE FOUNDATION IS MANAGED BY A GOVERNING BOARD WHICH REPRESENTS THE BROAD INTERESTS OF THE GENERAL PUBLIC BY GRANTING STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED SCHOLARS. false false MARGIN LOAN 367251 367251 false TUITION ASSITANCE 129255 FORM 990 - ORGANIZATION'S MISSION THE FOUNDATION ASSISTS IN PREPARING QUALIFIED SCHOLARS FOR FUTURE POLICY MAKING POSITIONS IN GOVERNMENT AND WORLD AFFAIRS THROUGH THE GRANTING OF FELLOWSHIPS AND STUDENT LOANS IN ORDER TO PRESERVE A FREE SOCIETY FOR FUTURE GENERATIONS. FORM 990, PAGE 2, PART III, LINE 4D THE FOUNDATION GRANTS STUDENT FELLOWSHIPS AND LOANS TO QUALIFIED STUDENTS OF GEORGE WASHINGTON UNIVERSITY (GWU). THE STUDENT FELLOWSHIPS ARE INITIALLY RECORDED AS STUDENT'S ACCOUNTS RECEIVABLE (STUDENT LOANS) WHILE ATTENDING GWU. UPON GRADUATION 25% OF EACH STUDENT'S GROSS STUDENT FELLOWSHIP LOANS ARE WAIVED FOR EACH YEAR SUCH STUDENT PERFORMED GOVERNMENTAL OR RELATED SERVICE AS APPROVED BY THE TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS OF THE GOVERNING BODY CONSISTS OF FOUR TRUSTEES AND FOUR OFFICERS WHO ARE ELECTED BY THE GENERAL MEMBERSHIP OF THE FOUNDATION AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 AND REQUIRED SCHEDULES ARE REVIEWED AND APPROVED BY THE TREASURER AND OTHER OFFICERS, AS APPLICABLE. SEE NAMES AND TITLES ON PART VII OF THIS FORM 990 ON PAGE 7. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC