Hauptman Woodward Foundation
- Assets
- $0.0
- Revenue
- $335.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/2006
- Data as of
- 10/2023
- EIN
- 20-2977803
Organization Overview
Hauptman Woodward Foundation is located in Buffalo, NY. The organization was established in 2006. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hauptman Woodward Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Hauptman Woodward Foundation generated $335.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $111.2k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE WAS TO RAISE AND ADMINISTER FUNDS FOR THE BENEFIT OF NOT-FOR-PROFIT CORPORATIONS THAT ARE EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE NOT PRIVATE FOUNDATIONS. THE FOUNDATION HAS BEEN DISSOLVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - WE STROVE TO PROMOTE A GREATER UNDERSTANDING AND APPRECIATION OF SCIENCE AMONG THE GENERAL PUBLIC AND TO EDUCATE THE YOUNG SCIENTISTS OF THE FUTURE BY PROVIDING OPPORTUNITIES FOR BOTH HIGH SCHOOL AND COLLEGE STUDENTS TO WORK WITH PROFESSIONAL SCIENTISTS ON CHALLENGING PROJECTS. WE ENCOURAGED THEM TO PURSUE CAREERS IN THE SCIENCES AND TO BECOME PART OF THE NEXT GENERATION OF BIOMEDICAL RESEARCHERS.
THE BAIRD VIDEO PROJECT WAS CREATED TO HELP RAISE AWARENESS OF HAUPTMAN WOODWARD MEDICAL RESEARCH INSTITUTE AND THE WORK BEING PERFORMED.
SPONSOR A YOUNG PROFESSIONAL. THIS PROGRAM WAS THE YOUNG PROFESSIONAL DEVELOPMENT PROGRAM. HWF WAS RECRUITING 30 YOUNG PROFESSIONALS FROM AREA BUSINESSES AND CORPORATIONS, ORGANIZATIONS AS AMBASSADORS FOR HWF. THIS PROGRAM EDUCATED YOUNG PROFESSIONALS ON OUR MISSION, THE WORK WE DID, AND HOW TO HELP RAISE FUNDS FOR THE FOUNDATION. THIS YEAR-LONG PROGRAM INCLUDED TRAINING AND CULMINATED IN A SPECIAL RECOGNITION CEREMONY. WE NEEDED RESOURCES TO BE ABLE TO OFFER THIS OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT.
CORNELL TRUST WAS ESTABLISHED TO CREATE NOVEL PROGRAMS THAT HAVE POSITIVE IMPACTS ON LOCAL STUDENTS AND ASSIST IN THE CREATION OF A MORE COHESIVE SCIENTIFIC COMMUNITY. THIS INCLUDED THE CREATION OF A NEW STRUCTURAL BIOLOGY WORKSHOP, THE BNMC RESEARCH DISCOVERY DAY AND PARTICIPATION IN MANY NEW OUTREACH PROGRAMS THAT AIMED TO INCREASE THE DIVERSITY OF THE LOCAL BIOMEDICAL WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Snell Former President And CEO To 10/1/2023 | Officer | 0.2 | $0 |
Anne Kent Chief Financial Officer | Officer | 0.2 | $0 |
Michael Rhodes Board Secretary/controller | Officer | 0.2 | $0 |
Tricia Barrett Board Member/vice Chairperson Of Board | OfficerTrustee | 0.2 | $0 |
Steve Bell Board Member | Trustee | 0.2 | $0 |
Jill Bond Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,093 |
| Total Program Service Revenue | $10,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,222 |
| Pension plan accruals and contributions | $980 |
| Other employee benefits | $3,097 |
| Payroll taxes | $3,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,781 |
| Total functional expenses | $111,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |