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LAKE WORTH DOLLARS FOR SCHOLARS INC

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Public IRS 990 nonprofit record

LAKE WORTH DOLLARS FOR SCHOLARS INC

EIN 46-5054610 · Education (B)

What they do

The Purpose of The Chapter Shall Be to Expand Access to Higher Education for Students of Lake Worth Community High School, Lake Worth, Florida By Promoting The Dollars for Scholars Program, Developing An Operational Structure, Raising Funds for Student Aid Distribution, and Distributing Awards On A Fair and Nondiscriminatory Basis. The Chapter Shall Operate In A Manne Consistent With The Policies and Procedures of Scholarship America.

Before you give

Should I give to this charity?

Easy charity check
The spending raises an important question

Of every $100 spent, about $0.00 was reported for mission work and $100.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

11.48%of revenue went to fundraising100.0% of expenses
$11.48spent for every $100 of revenueRevenue covered expenses this year.
$68.17in assets for every $1 spent this yearSome assets cannot be spent right away.
66.5%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$165,506
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations$19,00011.48% of revenue100.0% of expenses
Revenue left after expensesReported annual surplus$146,50688.52% of revenueShown in gray on the chart
Total expenses$19,00011.48% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 100.0% of spending went to fundraising and 0.0% went to mission work. Ask the charity to explain these numbers and show recent results.

Money in and money out

Revenue$165,506
Expenses$19,000
Annual surplus $146,506 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Fundraising$19,000 · 100.0% of expenses
See all reported dollar amounts
Revenue$165,506
Expenses$19,000
Assets$1,295,168
Income$165,506
Contributions$110,006
Fundraising$19,000
Stocks and bonds$1,223,991
People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

GAIL PAGLIALUNGOSECRETARY

LADY HEREFORDPRESIDENT

MICHAEL WOODSTREASURER

About this charity

Recognized since
January 1962
Location
4731 CYPRESS DR S, BOYNTON BEACH, FL 33436-7349
County
Palm Beach
In care of
Michael L Woods
Primary officer
Michael L Woods, Treasurer

How to reach them

Filing and classification

Latest tax year
2022
Tax period began
January 1, 2022
Return type
990
Tax preparer
MLW TAX & FINANCIAL SERVICES INC
NTEE classification
Education (B)
IRS tax category
Education

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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