Ira R Wood And Frances Wood Charitable Tr
- Assets
- $8.1m
- Revenue
- $658.0k
- Investments
- $7.9m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 25-6897871
Organization Overview
Ira R Wood And Frances Wood Charitable Tr is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ira R Wood And Frances Wood Charitable Tr 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 12/2023, Ira R Wood And Frances Wood Charitable Tr generated $658.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $524.2k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ira R Wood And Frances Wood Charitable Tr has awarded 425 individual grants totaling $3,513,579. 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 |
|---|---|---|---|
Sara A Mercer Trustee | 1 | $28,562 | |
Shannon Paulovich Trustee | 2 | $28,561 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $185 |
| Dividends & Interest | $235,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,711 |
| Capital Gain Net Income | $349,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,084 |
| Total Revenue | $658,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,123 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,478 |
| Total operating and administrative expenses | $138,307 |
| Contributions, gifts, grants paid | $385,867 |
| Total expenses and disbursements | $524,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,745 |
| Savings and temporary cash investments | $164,545 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,079,781 |
| 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, Ira R Wood And Frances Wood Charitable Tr has awarded $385,867 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN SENIORLIFE FOUNDATION PURPOSE: PAIN MANAGEMENT THERAPY | $15,000 |
MANCHESTER YOUTH DEVELOPMENT CENTER PURPOSE: AFTERSCHOOL PROGRAMS | $8,000 |
MILLERSTOWN UNITED METHODIST CHURCH PURPOSE: PARKING LOT REPAIR | $4,000 |
NATRONA HEIGHTS PRESBYTERIAN CHURCH PURPOSE: PARKING LOT PAVING | $10,000 |
THE SALVATION ARMY - NEW KENSINGTON PURPOSE: MONTHLY MEALS | $10,000 |
ST GEORGE ANTIOCHIAN ORTHODOX CHURCH PURPOSE: CHURCH HALL DOOR | $5,000 |