Wodecroft Foundation
- Assets
- $7.3m
- Revenue
- $579.2k
- Investments
- $6.9m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1960
- Data as of
- 12/2022
- EIN
- 31-6047601
Organization Overview
Wodecroft Foundation is located in Cincinnati, OH. The organization was established in 1960. 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. Wodecroft 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, Wodecroft Foundation generated $579.2k 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 (3.7%) each year. All expenses for the organization totaled $543.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wodecroft Foundation has awarded 300 individual grants totaling $3,345,470. 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 |
|---|---|---|---|
Cecile Drackett Allyn Trustee | 1 | $0 | |
Anthony Covatta Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $224,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $354,945 |
| Capital Gain Net Income | $354,945 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $579,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,156 |
| Total operating and administrative expenses | $110,736 |
| Contributions, gifts, grants paid | $432,970 |
| Total expenses and disbursements | $543,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $369,273 |
| 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 | $7,251,719 |
| 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, Wodecroft Foundation has awarded $432,970 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN-CHASE FOUNDATION PURPOSE: CHARITABLE SUPPORT | $500 |
ARTSWAVE PURPOSE: CHARITABLE SUPPORT | $24,000 |
BACKYARD GROWERS PURPOSE: CHARITABLE SUPPORT | $3,000 |
CAPE ABILITIES PURPOSE: CHARITABLE SUPPORT | $10,000 |
CAPE ANN MUSEUM PURPOSE: CHARITABLE SUPPORT | $5,000 |
CINCINNATI MUSEUM CENTER PURPOSE: CHARITABLE SUPPORT | $20,000 |