Hauptman Woodward Foundation
- Assets
- $3.9m
- Revenue
- $171.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/2006
- Data as of
- 10/2021
- 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 10/2021, Hauptman Woodward Foundation generated $171.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $88.1k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - WE STRIVE 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 ENCOURAGE THEM TO PURSUE CAREERS IN THE SCIENCES AND TO BECOME PART OF THE NEXT GENERATION OF BIOMEDICAL RESEARCHERS. THERE WERE NO EXPENSES THIS YEAR DUE TO THE PANDEMIC BUT THE PROGRAM WILL RESUME THIS SUMMER.
SPONSOR A YOUNG PROFESSIONAL. THIS PROGRAM IS THE YOUNG PROFESSIONAL DEVELOPMENT PROGRAM. HWF IS RECRUITING 30 YOUNG PROFESSIONALS FROM AREA BUSINESSES AND CORPORATIONS, ORGANIZATIONS AS AMBASSADORS FOR HWF. THIS PROGRAM WILL EDUCATE YOUNG PROFESSIONALS ON OUR MISSION, THE WORK WE DO, AND HOW TO HELP RAISE FUNDS FOR THE FOUNDATION. THIS YEAR-LONG PROGRAM WILL INCLUDE TRAINING AND WILL CULMINATE IN A SPECIAL RECOGNITION CEREMONY. WE NEED RESOURCES TO BE ABLE TO OFFER THIS OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Snell Board Member/president And CEO | OfficerTrustee | 0.2 | $0 |
Tricia Barrett Board Member/vice Chairperson Of Board | OfficerTrustee | 0.2 | $0 |
Sam Russo Board Member/chairperson Of Board | OfficerTrustee | 1 | $0 |
Anne Kent Chief Financial Officer | Officer | 0.2 | $0 |
Jill Szczesek Board Member/coo/secretary (to February 21) | Officer | 0.2 | $0 |
Michael Rhodes Controller/secretary (from March 21) | Officer | 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 | $169,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,016 |
| Total Program Service Revenue | $2,775 |
| 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 | $171,791 |
| 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 | $47,757 |
| Pension plan accruals and contributions | $2,164 |
| Other employee benefits | $4,599 |
| Payroll taxes | $4,369 |
| 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 | $940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,585 |
| Total functional expenses | $88,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,000 |
| 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 | $3,930,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,941,824 |
| 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 | $3,928,634 |
| Net assets with donor restrictions | $13,190 |
| 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 | $3,941,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hauptman Woodward Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Red Top Foundation Orchard Park, NY PURPOSE: MEDICAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Sharsheret Inc Teaneck, NJ | $13,435,565 | $7,157,553 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Cookies For Kids Cancer Califon, NJ | $3,410,240 | $2,364,523 |
Southern Chester County Emergency Medical Services Inc Avondale, PA | $1,825,972 | $1,565,526 |