Architectural Woodwork Institute Education Foundation Inc
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac Falls, VA
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-2137087
Organization Overview
Architectural Woodwork Institute Education Foundation Inc is located in Potomac Falls, VA. The organization was established in 2010. 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. Architectural Woodwork Institute Education Foundation Inc 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 12/2021, Architectural Woodwork Institute Education Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $36.7k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 AWIEF SCHOLARSHIP AWARDS: THE ANNUAL SCHOLARSHIP PROGRAM REACHES OUT TO WOODWORK INSTRUCTORS ACROSS THE UNITED STATES AND INVITES EACH TO NOMINATE ONE OUTSTANDING WOODWORKING STUDENT WHO WOULD BE WORTHY OF RECEIVING FINANCIAL AID AS ASSISTANCE IN HIS/HER STUDIES OF WOODWORKING AS A CAREER OBJECTIVE. THE FOUNDATION PROVIDES AN A ANNUAL SCHOLARSHIP APPLICATION FORM WHICH MUST BE RETURNED TO THE FOUNDATION BY A STATED DUE DATE. OFFICIAL SCHOOL TRANSCRIPTS ARE ALSO REQUIRED AS PART OF THE APPLICATION PROCESS. AFTER THE NOMINATION DATE CLOSES, THE AWIEF BOARD OF DIRECTORS MEETS TO REVIEW EACH SCHOLARSHIP NOMINEE'S APPLICATION AND, AS A GROUP, COMES TO CONSENSUS IN DETERMINING WHICH NOMINEES ARE AWARDED A SCHOLARSHIP. CONSIDERATIONS IN DETERMINING SCHOLARSHIP AWARDS INCLUDE: THE NOMINEE'S WORK HISTORY, CURRENT GRADE POINT AVERAGE, COURSES OF STUDY BASED ON TRANSCRIPTS, REFERENCE LETTERS FROM INSTRUCTORS, AND A STATEMENT ABOUT HIS/HER FUTURE WORK PLANS IN THE WOODWORKING INDUSTRY UPON COMPLETION OF STUDIES. WINNERS ARE SELECTED BY VOTE OF THE AWIEF BOARD OF DIRECTORS AND NOTIFIED BY US MAIL. FINANCIAL SCHOLARSHIP AWARDS ARE MADE BY AWI EDUCATION FOUNDATION CHECKS MADE JOINTLY PAYABLE TO THE STUDENT'S SCHOOL BURSAR OFFICE AND THE SCHOLARSHIP WINNER. SCHOLARSHIP FUNDS ARE DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL EXPENSE ACCOUNT AND CAN ONLY BE USED TO PAY FOR TUITION FEES, TEXT BOOKS OR RELATED COURSE SUPPLIES AVAILABLE THROUGH THE SCHOOL'S BOOKSTORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Gilchrist President | OfficerTrustee | 0.5 | $0 |
William Geyer Vice President | OfficerTrustee | 0.5 | $0 |
Douglas Hague Secretary | OfficerTrustee | 1 | $0 |
David Nadolski Treasurer | OfficerTrustee | 0.5 | $0 |
Greg Lutz Director | Trustee | 0.5 | $0 |
Robert Stout Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,008,638 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,022,355 |
| Total Program Service Revenue | $0 |
| Investment income | $36,844 |
| 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 | $2,059,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $1,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,341 |
| 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 | $0 |
| Total functional expenses | $36,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,227 |
| 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 | $2,598,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,740,926 |
| 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 | $739,926 |
| Net assets with donor restrictions | $2,001,000 |
| 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 | $2,740,926 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Architectural Woodwork Institute Education Foundation Inc has recieved totaling $2,008,638.
| Awarding Organization | Amount |
|---|---|
Awi Quality Certificationcorporation Potomac Falls, VA PURPOSE: TRANSFER OF ASSETS | $2,000,000 |
Architectural Woodwork Institute Potomac Falls, VA PURPOSE: PAY AWIEF BOD TRVL/PRESS RELEASE | $8,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |