Love Trades Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Love Trades Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
First established in 1999, the LoveTrades Foundation (Formerly WTI Foundation) is an independent 501(c)3 non-profit organization that raises money for, and awards academic scholarships exclusively to, students pursuing technical education in Albany County.
Year, State Incorporated:
1999, WY
Through the support of generous donors (including WyoTech alumni, industry partners, and fellow auto/diesel enthusiasts), were able to award scholarships each year to outstanding students in the vocational tech realm. We also support Community Service support, a Food bank on the WyoTech campus and fund an Emergency Lifeline for students.
For the year ended December 31, 2024, Love Trades Foundation's program expenses were:
| Programs | $91,478 |
| Total Program Expenses | $91,478 |
Chair of the Board
John Hurd
Board Size
7
Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Grant proposals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Love Trades Foundation's IRS Form 990 for the year ended December 31, 2024.
Source of Funds
| Contributions and Grants | $266,180 |
| Other Revenue | $28,257 |
| Investment Income | $10,012 |
| Total Income | $304,449 |
Programs: 92% Fundraising: 4% Administrative: 4%
| Total Income | $304,449 |
| Total expenses: | $99,735 |
| Program expenses | $91,478 |
| Fundraising expenses | $4,001 |
| Administrative expenses | $4,256 |
| Other expenses | $0 |
| Income in Excess of Expenses | $204,714 |
| Beginning Net Assets | $646,590 |
| Other Changes In Net Assets | $32,307 |
| Ending Net Assets | $883,611 |
| Total Liabilities | $0 |
| Total Assets | $883,611 |
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving Northern Colorado and Wyoming