Oakwood Foundation Inc
- Assets
- $25.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 39-1398037
Organization Overview
Oakwood Foundation Inc is located in Madison, WI. The organization was established in 1982. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood 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, Oakwood Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 6.8% 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.
Since 2015, Oakwood Foundation Inc has awarded 38 individual grants totaling $7,845,135. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OAKWOOD FOUNDATION IS THE DEVELOPMENT, STEWARDSHIP AND DISTRIBUTION OF RESOURCES TO PROMOTE THE HIGHEST LEVEL OF INDEPENDENCE FOR A DIVERSE COMMUNITY OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO 501(C)(3) ORGANIZATIONS IN ORDER TO SERVE THESE PRIORITY NEEDS: BENEVOLENCE FOR OLDER ADULTS WHO CANNOT AFFORD TO PAY THE FULL COST OF CARE; FUNDING FOR CAPITAL ENHANCEMENTS AND PROGRAMS THAT SUPPORT INDEPENDENCE AND ENHANCE QUALITY OF LIFE; AND SPIRITUAL VITALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Kruger Past Chair Vice | OfficerTrustee | 2 | $0 |
Donna Ulteig Director | Trustee | 2 | $0 |
Eric Halverson Past Chair | OfficerTrustee | 2 | $0 |
Rod Nordby Treasurer | OfficerTrustee | 2 | $0 |
Lori Werbeckes Secretary | OfficerTrustee | 2 | $0 |
Linda Johnson Chief Financial Officer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,548,310 |
| Noncash contributions included in lines 1a–1f | $1,571 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,548,310 |
| Total Program Service Revenue | $0 |
| Investment income | $379,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,727,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,654,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,553,042 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,441 |
| Compensation of current officers, directors, key employees. | $9,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,244 |
| Pension plan accruals and contributions | $4,234 |
| Other employee benefits | $11,040 |
| Payroll taxes | $11,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,184 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,721,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $869,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $73,000 |
| 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 | $24,365,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,308,403 |
| Accounts payable and accrued expenses | $14,715 |
| 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 | $750,368 |
| Total liabilities | $765,083 |
| Net assets without donor restrictions | $16,726,525 |
| Net assets with donor restrictions | $7,816,795 |
| 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 | $25,308,403 |
Grants Awarded
Over the last fiscal year, Oakwood Foundation Inc has awarded $1,454,359 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: GENERAL OPERATIONS | $1,075,542 |
Madison, WI PURPOSE: GENERAL OPERATIONS | $308,479 |
Madison, WI PURPOSE: GENERAL OPERATIONS | $70,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oakwood Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Margaret A Lindberg Foundation Inc C/O David W Reinecke Madison, WI PURPOSE: TO SUPPORT PUBLIC CHARITIES | $25,000 |
Endowment Analysis
| Beg. Balance | $16,016,969 |
| Earnings | $2,961,771 |
| Net Contributions | $127,189 |
| Other Expense | -$346,174 |
| Ending Balance | $19,452,103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Church Home Of Minnesota St Paul, MN | $16,442,876 | $17,426,878 |
Congregational Home Inc Brrokfield, WI | $34,639,995 | $16,270,483 |
St Anns Home Inc Grand Rapids, MI | $12,643,379 | $8,762,695 |
Phs Interlude Fridley Llc Roseville, MN | $15,501,236 | $8,375,930 |
Christian Care Muskegon, MI | $8,570,957 | $8,599,132 |
Presbyterian Homes Hospice Inc Roseville, MN | $20,686,662 | $12,409,098 |
Westlake Health Foundation Oakbrook Terrace, IL | $174,420,740 | $17,879,146 |
Aspirus Extended Services Inc Wausau, WI | $3,801,407 | $4,592,675 |
Sinsinawa Nursing Inc Watertown, WI | $3,412,383 | $7,285,712 |
The Legacy At St Josephs Home Kenosha, WI | $5,673,666 | $3,561,288 |
Home Centered Care Institute Schaumburg, IL | $3,863,726 | $2,799,847 |
Association For Nursing Professional Development Chicago, IL | $6,574,208 | $3,317,405 |