Woods Foundation
- Assets
- $15.9m
- Revenue
- $846.5k
- Investments
- $15.3m
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 36-4196899
Organization Overview
Woods Foundation is located in Lincoln, IL. The organization was established in 1998. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woods 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, Woods Foundation generated $846.5k 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 (3.9%) each year. All expenses for the organization totaled $980.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Woods Foundation has awarded 324 individual grants totaling $6,017,798. 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 |
|---|---|---|---|
William B Bates President | 3 | $12,000 | |
William B Bates Jr Director | 3 | $12,000 | |
David L Golwitzer Sec./treas. | 3 | $0 | |
Christopher L Golwitzer Director | 3 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,421 |
| Dividends & Interest | $296,448 |
| Net Rental Income | $139,278 |
| Net Gain on Sale of Assets | $399,267 |
| Capital Gain Net Income | $405,056 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $846,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $7,800 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,977 |
| Total operating and administrative expenses | $148,121 |
| Contributions, gifts, grants paid | $832,167 |
| Total expenses and disbursements | $980,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $587,458 |
| 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 | $9,323 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,288,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,885,474 |
| 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, Woods Foundation has awarded $832,167 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLNLOGAN FOOD PANTRY PURPOSE: UNRESTRICTED | $10,000 |
HOME SWEET HOME MINISTRIES PURPOSE: UNRESTRICTED | $10,000 |
IL VALLEY PUBLIC TELECOM CORP WTVP PURPOSE: UNRESTRICTED | $10,000 |
ST CLARAS MANOR INC PURPOSE: NEW NURSING HOME & UNRESTRICTED | $10,000 |
GIRL SCOUTS OF CENTRAL IL COUNCIL PURPOSE: UNRESTRICTED | $10,000 |
TIMBER POINTE CHARITABLE FOUNDATION PURPOSE: RENOVATION & EQUIPPING WOODS CENTER FOR PROGRAMS | $120,000 |