Woodson Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $78.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 56-1544614
Organization Overview
Woodson Family Foundation Inc is located in Asheville, NC. The organization was established in 1987. 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. Woodson Family 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 12/2022, Woodson Family Foundation Inc generated $78.3k 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 (25.0%) each year. All expenses for the organization totaled $145.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Woodson Family Foundation Inc has awarded 140 individual grants totaling $742,100. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSED A TOTAL OF $121,600 TO 23 ORGANIZATIONS FOR EDUCATIONAL, CIVIC OR OTHER CHARITABLE USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Woodson IV Trustee | 1 | $0 | |
Sheila W Horine Trustee | 1 | $0 | |
Martha W Dunnagan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,577 |
| Capital Gain Net Income | $27,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,430 |
| Total operating and administrative expenses | $23,786 |
| Contributions, gifts, grants paid | $121,600 |
| Total expenses and disbursements | $145,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,407 |
| Savings and temporary cash investments | $0 |
| 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 | $292,508 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,506,297 |
| 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, Woodson Family Foundation Inc has awarded $121,600 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CONSERVATION LEGACY PURPOSE: NATURAL PRESERVATION | $55,000 |
NORTHFIELD MT HERMON - RICHARD ODMAN ENDOWED FUND PURPOSE: EDUCATIONAL | $14,100 |
THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA PURPOSE: CHARITABLE | $2,100 |
CHILDREN'S WELFARE LEAGUE PURPOSE: EDUCATIONAL | $2,000 |
SOUTHERN HIGHLANDS RESERVE PURPOSE: NATURAL PRESERVATION | $2,000 |
ECOFORESTERS PURPOSE: NATURAL PRESERVATION | $1,000 |