Woodbury Educational Foundation
- Assets
- $555.2k
- Revenue
- $17.3k
- Investments
- $551.1k
- Employees
- 0
- Location
- Woodbury, TN
- Founding
- 06/1953
- Data as of
- 05/2024
- EIN
- 62-0470043
Organization Overview
Woodbury Educational Foundation is located in Woodbury, TN. The organization was established in 1953. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbury Educational 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 05/2024, Woodbury Educational Foundation generated $17.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $19.7k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE AND VOCATIONAL SCHOOL TUITION SCHOLARSHIPS ARE AWARDED TO CANNON COUNTY HIGH SCHOOL GRADUATES OR PERSONS PASSING GED WHO ARE RESIDENTS OF CANNON COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 0 | $0 | |
Name Not Listed Vice Chairman | 0 | $0 | |
Name Not Listed Secretary Treasurer | 1 | $1,110 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $14,530 |
| Net ST Capital Gain | $1,203 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,100 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109 |
| Total operating and administrative expenses | $9,661 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $19,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,137 |
| 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 | $555,212 |
| Accounts payable and accrued expenses | $39 |
| 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 | $39 |
Grants Awarded
Over the last fiscal year, Woodbury Educational Foundation has awarded $10,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BRYNDAN MCCAVANAGH PURPOSE: SCHOLARSHIP MTSU | $2,000 |
TY MULLINS PURPOSE: SCHOLARSHIP MTSU | $2,000 |
JONATHAN FANN PURPOSE: SCHOLARSHIP MTSU | $2,000 |
GREGORY HOWARD PURPOSE: SCHOLARSHIP | $1,000 |
TALON PAXSON PURPOSE: SCHOLARSHIP MTSU | $1,000 |
JADA BOBO PURPOSE: SCHOLARSHIP MOTLOW | $1,000 |