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Wakeman Memorial Association Inc

EIN 06-0662198 · Bridgeport, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO GUIDE AND INSPIRE YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING AND RESPONSIBLE PEOPLE.

Income
$5.5 million
Spending
$6.5 million
Spent on programs
74%
Reserves
27.1 months of spending
Largest source of income
donations and private grants, 56%
Employees
256
Volunteers
0
Highest pay
$216,454, chief executive officer

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 43% of charities in its peer group (youth development, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 27.1 months of spending.

  • Debt

    20 of 20

    It owes 9% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 17% of income.

  • Income trend

    0 of 15

    Income fell 34% on the year before.

  • Spending floor

    15 of 15

    74% of spending went to programs and raising each dollar of donations cost 11 cents.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 64% of charities in its peer group (youth development, $1m to $10m).

  • Independent board

    25 of 25

    24 of 24 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $1.1 million spent. ACADEMIC SUCCESS: AFTER SCHOOL PROGRAM FOR ALL MEMBERS K-8, WITH OPEN GYM TIME, POWER HOUR WITH DEDICATED HOMEWORK SPACE AND STAFF, OUTDOOR PLAY AREA AND FREQUENT STEM, CREATIVE ARTS AND OTHER SPECIAL ACTIVITIES. HOMEWORK HELP IS AVAILABLE FOR ALL GRADES.
  2. $523,015 spent. CAMP: PROVIDE A SUMMER FULL OF INDOOR-OUTDOOR, ACTIVE AND CREATIVE FUN AT OUR CLUBHOUSES. OFFERING WEEKLY, THEMED, FULL-DAY CAMP WITH BEFORE AND AFTER CARE OPTIONS AS WELL AS SPECIALTY CAMPS AND TEEN LEADERSHIP TRAINING OPPORTUNITIES.
  3. $390,487 spent. HEALTHY LIFESTYLES: BASKETBALL LEAGUES AND FOOTBALL TEAMS PROVIDE A FRIENDLY ATMOSPHERE FOR COACHES TO WORK WITH TEAMS OF BOYS AND/OR GIRLS. THESE TEAMS, WHICH CONSIST OF PLAYERS WITH DIFFERENT SKILL LEVELS, ARE TAUGHT THE BASICS AS WELL AS GOOD SPORTMANSHIP WHILE HAVING FUN AND MAKING NEW FRIENDS.
  4. $2.8 million spent. WAKEMAN MEMORIAL ASSOCIATION, INC. (THE "ASSOCIATION") STRIVES TO ENHANCE THE PHYSICAL, SOCIAL AND EMOTIONAL DEVELOPMENT OF AREA YOUTH THROUGH PROGRAMS THAT PERPETUATE SOUND CITIZENSHIP. THE ASSOCIATION'S RECREATIONAL ENVIRONMENT PROVIDES ITS MEMBERSHIP, OVER 2,500 BOYS AND GIRLS, WITH A TRADITIONAL AFTER SCHOOL DROP-IN CENTER, WHILE ALSO SERVING AS AN OUTLET FOR PROFESSIONALLY STRUCTURED ACTIVITIES IN THE FOLLOWING THREE CORE PROGRAM AREAS: ACADEMIC SUCCESS, CHARACTER & LEADERSHIP AND HEALTHY LIFESTYLES. THESE PROGRAM OFFERINGS INCLUDE BUT ARE NOT LIMITED TO: SPORTS, TRAVEL LEAGUES & RECREATION, OUT OF SCHOOL TIME, THE ARTS, HEALTH & WELLNESS, TEENS INITIATIVES, MENTORING. PROGRAMS PROVIDED ARE FOCUSED AROUND SAFE PLACES, MENTORSHIP, MENTAL HEALTH, WORKFORCE READINESS, DEI AND YOUTH ADVOCACY.

Source: Form 990 for the year ending July 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending July 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1937.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.