Structured for accountability, built for permanence. Every policy reinforces our commitment to transparency and direct impact.
Wolverines Academy operates as a Private Operating Foundation (POF) under IRC Section 4942(j)(3). Unlike traditional public charities that rely on broad public fundraising, a POF directly operates its own charitable programs. This means funds are deployed directly to scholars, schools, and communities — not distributed through third-party grantees.
This structure ensures maximum control over how every dollar is used, complete transparency in operations, and direct accountability to the people we serve.
The Board of Directors provides governance oversight, strategic direction, and fiduciary responsibility. All major policy decisions, scholar selections, and financial commitments require board approval.
All organizational policies require formal board review and approval.
Regular financial reporting, fund segregation, and commitment to sub-5% administrative costs.
Every scholar admission and funding decision is reviewed and approved by the board.
All board members receive zero compensation and zero expense reimbursement.
All operating expenses — including accounting, legal, government fees, web hosting, and IT infrastructure — are covered by the Jones Family Foundation.
Formal policies adopted by the Board of Directors to ensure accountability and compliance.
Wolverines Academy has been unanimously approved by the Board of Directors to restructure as a Private Operating Foundation under IRC Section 4942(j)(3). This designation reflects the organization's direct operational model — funds are deployed directly to scholars and programs rather than distributed through third-party grantees.
Effective: 2026-01-15
Wolverines Academy is a Delaware-incorporated 501(c)(3) tax-exempt organization. All contributions are tax-deductible to the extent allowed by law.
Comprehensive organizational bylaws have been adopted governing board composition, officer roles, meeting procedures, fiscal year, and amendment processes.
Effective: 2026-01-15
A formal conflict of interest policy has been adopted requiring all board members and officers to disclose any financial or personal interests that could influence organizational decisions. Annual disclosure statements are required.
Effective: 2026-01-15
All board members and officers receive zero compensation and zero expense reimbursement. All operating expenses — including accounting, legal, government fees, web hosting, and IT infrastructure — are covered by the Jones Family Foundation.
Effective: 2026-01-15
Wolverines Academy maintains full compliance with IRS reporting requirements including annual Form 990 filings, public disclosure obligations, and record-keeping standards for all charitable distributions.
The Board of Directors provides governance oversight, strategic direction, and fiduciary responsibility for the organization. All major policy decisions, scholar selections, and financial commitments require board approval.
Strict financial controls are maintained including segregation of operating and program funds, regular financial reporting to the board, and a commitment to keep administrative expenses below 5% of received contributions.
Effective: 2026-01-15