William O Lockridge Community Foundation

EIN: 274713500 501(c)(3) Education

Washington, DC

Total Revenue
$170,616
Total Expenses
$97,223
Total Assets
$474,227
Net Assets
$474,227
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DC
Principal Officer
Wanda Lockridge
Phone
2023206063
Tax Period
2024-01-01 to 2024-12-31

William O Lockridge Community Foundation, founded in 2011, is a small nonprofit in the Education sector that reported $171K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 43% operating margin.

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

Program Service Accomplishments

Program 1
Expenses: $51,734 Revenue: $90,787

Approximately 75 parents, friends, school administrators, community leaders, and politicians joined 20 local high school students as they received scholarships from the William O. Lockridge Community...

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Approximately 75 parents, friends, school administrators, community leaders, and politicians joined 20 local high school students as they received scholarships from the William O. Lockridge Community Foundation (WOLCF) during its annual Scholarship Awards Ceremony, held at THEARC, on Saturday, June 29, 2024. Over 13. consecutive years, the WOLCF has awarded approximately $354,000 in scholarships dollars to 1242 high school students from Wards 7 and 8. Founded in the spring of 2011 by his widow, Wanda, and family, the WOLCF is named after the late William O. Lockridge and exists not only in his memory but as a community vehicle to keep his legacy aliveparticularly his mission to close the education gap for youngsters in the community. Among those offering congratulations to the graduates and wise words of encouragement were State Board of Education Members: Dr. Jacque Patterson (At-large), Dr. Carlene Reid (Ward 8), Tiffany-Rose Thompson (Ward 7), and WOLCF Founder and Chairwoman Wanda D. Lockridge.

Program 2
Expenses: $41,693 Revenue: $73,167

Patterned after the hit TV series Dancing with the Stars, the WOLCFs Dancing with the Scholars (DWTS) is its annual fundraiser to support and provide scholars with educational and financial...

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Patterned after the hit TV series Dancing with the Stars, the WOLCFs Dancing with the Scholars (DWTS) is its annual fundraiser to support and provide scholars with educational and financial resources. On November 9th, nearly 300 people filled THEARC for Dancing with the Scholars XIV (DWTS). The theme of this years annual fundraiser was Shine Like a Diamond, the program included a dance competition with high school students from first-place winners, Ballou Senior High School. Dancers from KIPPDC came in second place, and Bard High School came third. Judges for the evening were Carlene Reid, Ward 8 State Board of Representative; D.C. Council Chair Phil Mendelson; and Eboni-Rose Thompson, Ward 7 State Board of Education Representative. Jazzmyne Townsend, DC 2024 Teacher of the Year and educator at Simon Elementary School, was the guest speaker for DWTS XIV, and ABCs Good Morning Washingtons Britt Waters returned for the fourth consecutive year as Mistress of Ceremonies. The WOLCF also recognized former Mayor, the Honorable Vincent C. Gray for his unwavering support of the residents of the District of Columbia.

Program 3
Expenses: $3,796 Revenue: $6,662

The U.S. Foreign Service Initiative (USFSI), under the umbrella of the IAP, is designed to address former President Joe Bidens mission to diversify the top ranks of government agencies and to give...

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The U.S. Foreign Service Initiative (USFSI), under the umbrella of the IAP, is designed to address former President Joe Bidens mission to diversify the top ranks of government agencies and to give high school students in Wards 7 & 8 the opportunity to learn about careers in international affairs. Not long after his inauguration in January 2021, the Presidents first ambassadorial nomination was Linda Thomas-Greenfield, the U.S. Ambassador to the United Nations. President Biden said the nomination reflected his pledge to make institutions reflect the American public they represent at home and abroad. In Southeast Washington, D.C., the WOLCF carries the Presidents mandate with the USFSI. In 2024, 20 students committed to attending six sessions in the Spring and Fall semesters on the following topics: International Trade, Domestic and International Media, Travel and Tourism, African History and global Civilizations, Culture, Fashion, and Food, and International Diplomacy. The sessions enabled student participants to interact, question, and even role-play with international trade experts. African tourism representatives, U.S. Department of State officials, and local, national, and international media personnel. The International Ambassadors Program (IAP) is not just about traveling abroad and engaging in a cultural exchange. Its about personal growth, understanding, appreciating other cultures, and developing a broader worldview. By taking students to Africa, the WOLCF enables them to learn about their ethnicity and connect with their ancestors by visiting countries where their families have roots. Lockridge Ambassadors cultivate more nuanced perspectives of their racial and cultural identities through these encounters and international travel. For most Lockridge Ambassadors, participating in the IAP marks the first time they have applied for and received a passport and country visa. The best part? The WOLCF fully covers these expenses, ensuring that the journey to Africa is a stress-free and fully supported experience. Highlights of each country visit include spending time with local students and their families, meetings, and paying courtesy visits to the U.S. Ambassadors at the American Embassy. The WOLCF has taken close to 20 Lockridge Ambassadors to Cameroon, Ghana, Benin, and, most recently, Madagascar.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $170,616
Investment Income $0
Other Revenue $0
TOTAL REVENUE $170,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $97,223
Other Expenses $97,223
TOTAL EXPENSES $97,223

Year-over-Year Comparison

2024 2023 Change
Revenue $170,616 $106,288 +0.6%
Expenses $97,223 $50,658 +0.9%
Net Income $73,393 $55,630 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wanda Lockridge Founder/Chairwoman 15.00
Officer Director
$0 $0 $0
Stefan Lockridge Director 5.00
Director
$0 $0 $0
Linval Crosdale Treasurer 5.00
Director
$0 $0 $0
Austin Cooper Director 5.00
Director
$0 $0 $0
Yvette Alexander Director 5.00
Director
$0 $0 $0
Tiffany Brown Director 5.00
Director
$0 $0 $0
Angela Chester-Johnson Director 5.00
Director
$0 $0 $0
Farid Adewale Director 5.00
Director
$0 $0 $0
Tori Hawkins-Plummer Director 5.00
Director
$0 $0 $0
Jaren Hill Lockridge Director 5.00
Director
$0 $0 $0
Jacque Patterson Director 5.00
Director
$0 $0 $0
Tatiana Robinson Director 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $170,616 $97,223 $474,227 $73,393
2023 $106,288 $50,658 $400,834 $55,630
2022 $169,519 $83,303 $483,814 $86,216
2021 $119,034 $35,485 $273,235 $83,549
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