Margaret C Woodson Foundation Incorporated
- Assets
- $889.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/1974
- Data as of
- 12/2022
- EIN
- 56-6064938
Organization Overview
Margaret C Woodson Foundation Incorporated is located in Charlotte, NC. The organization was established in 1974. 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. Margaret C Woodson Foundation Incorporated 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, Margaret C Woodson Foundation Incorporated generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 4 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 2020, Margaret C Woodson Foundation Incorporated has awarded 196 individual grants totaling $3,118,565. 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 |
|---|---|---|---|
Dr Nilous M Avery II Director | 1 | $4,000 | |
John Be Cunningham Director | 1 | $4,000 | |
James W Davis Director | 1 | $4,000 | |
Patricia Hobson Johnson Director | 1 | $4,000 | |
Mary Holt Woodson Murphy Chair | 2 | $6,200 | |
Marlene Boger Shamel Director | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,614,840 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,614,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,266 |
| Printing and publications | $0 |
| Other expenses | $3,597 |
| Total operating and administrative expenses | $79,063 |
| Contributions, gifts, grants paid | $1,118,578 |
| Total expenses and disbursements | $1,197,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $889,279 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $889,279 |
| 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, Margaret C Woodson Foundation Incorporated has awarded $1,118,578 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIVING ADULT DAY SERVICES INC PURPOSE: THE ZEN PROJECT | $3,500 |
APPLESEED EARLY CHILDHOOD EDUCATION INC PURPOSE: SETTING A FOUNDATION FOR DISADVANTAGED CHILDREN | $10,000 |
ARC OF NORTH CAROLINA INC PURPOSE: EDUCATIONAL ADVOCACY FOR INDIVIDUALS IN ROWAN COUNTY | $8,000 |
BEACON HALL INC PURPOSE: INSTALL FINAL WINDOWS (11) TO SECURE BUILDING | $26,075 |
BREAD RIOT PURPOSE: MOBILE FARMERS MARKET | $2,400 |
BELL TOWER GREEN INC PURPOSE: IN MEMORY OF JULIAN ROBERTSON | $300 |