Charles R Wood Foundation
- Assets
- $39.0m
- Revenue
- $1.1m
- Investments
- $37.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1979
- Data as of
- 12/2022
- EIN
- 22-2237193
Organization Overview
Charles R Wood Foundation is located in Wilmington, DE. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles R Wood 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 12/2022, Charles R Wood Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles R Wood Foundation has awarded 354 individual grants totaling $8,356,066. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Behan Trustee | 1 | $0 | |
Tenee Casaccio Trustee | 1 | $0 | |
Reeves Courtney Trustee | 1 | $0 | |
Chelsea Hoopes Silver Trustee, VP | 1 | $0 | |
Jennifer Lefner Trustee | 1 | $0 | |
Linda G Toohey Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bessemer Trust | 12/30/23 | $51,376 |
Foundation Source | 12/30/23 | $101,318 |
Glens Falls National | 12/30/23 | $63,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $244,377 |
| Interest on Savings | $4,395 |
| Dividends & Interest | $688,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $201,423 |
| Capital Gain Net Income | $200,542 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,493 |
| Total Revenue | $1,149,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,094 |
| Depreciation | $65,295 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,820 |
| Printing and publications | $0 |
| Other expenses | $194,900 |
| Total operating and administrative expenses | $446,555 |
| Contributions, gifts, grants paid | $2,332,339 |
| Total expenses and disbursements | $2,778,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $373,122 |
| Net Accounts receivable | $2,387 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,369,676 |
| Net Land, buildings, and equipment | $997,739 |
| Other assets | $0 |
| Total assets | $38,990,469 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charles R Wood Foundation has awarded $2,196,471 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK COMMUNITY COLLEGE FOUNDATION INC PURPOSE: COMMUNITY HEALTH AND WELLNESS AT SUNY ADIRONDACK | $85,000 |
ADIRONDACK LAKES CENTER FOR THE ARTS PURPOSE: CONNECTING ADIRONDACK COMMUNITIES: THE ADIRONDACK LAKES THEATER FESTIVAL | $2,500 |
ADIRONDACK CAROUSEL INC PURPOSE: POINT OF SALE SYSTEM/INSTALLATION & TRAINING | $1,700 |
ADIRONDACK FOUNDATION PURPOSE: SUN FUND - CENTRAL ADIRONDACK FLOODING | $25,000 |
ADIRONDACK MEDICAL CENTER FOUNDATION PURPOSE: CORNERSTONE CAMPAIGN | $20,000 |
AIM SERVICES INC PURPOSE: ENHANCED RESPITE PROGRAM FOR SCHOOL-AGED YOUTH WITH DISABILITIES | $5,000 |