Marlow & Vella Woodward Foundation Inc
- Assets
- $2.2m
- Revenue
- $625.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Logan, UT
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 87-0616969
Organization Overview
Marlow & Vella Woodward Foundation Inc is located in Logan, UT. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Marlow & Vella Woodward 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, Marlow & Vella Woodward Foundation Inc generated $625.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $98.7k during the year ending 12/2021. While expenses have increased by 13.8% 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 2014, Marlow & Vella Woodward Foundation Inc has awarded 58 individual grants totaling $380,702. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR, OR ASSIST IN THE IMPROVEMENT OF, EMPLOYMENT AND CAREER DEVELOPMENT ENABLING INDIVIDUALS TO BECOME MORE FINANCIALLY INDEPENDENT. DURING 2021 SIX INDIVIDUALS WERE PROVIDED WITH EDUCATIONAL ASSISTANCE.
TO PROVIDE FUNDING FOR, AND TO ASSIST IN THE IMPROVEMENT OF, HEALTH AND MEDICAL CARE NECESSARY TO SUSTAIN AND/OR SUCCEED IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Campbell Treasurer | 0.3 | $0 | |
Clifford D Lillywhite President | 0.5 | $0 | |
Kent P Woodward Vice President | 0.3 | $0 | |
Brad Mather Vice President | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,720 |
| Dividends & Interest | $33,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $577,394 |
| Capital Gain Net Income | $577,394 |
| Net ST Capital Gain | $156,341 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $625,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,763 |
| Taxes | $3,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,071 |
| Contributions, gifts, grants paid | $60,662 |
| Total expenses and disbursements | $98,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,859 |
| 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 | $496,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,161,121 |
| 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, Marlow & Vella Woodward Foundation Inc has awarded $60,662 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SEUNGHEE JEON PURPOSE: EDUCATIONAL ASSISTANCE | $18,491 |
YICHI LU PURPOSE: EDUCATIONAL ASSISTANCE | $14,705 |
TSZ HEI KWOK PURPOSE: EDUCATIONAL ASSISTANCE | $9,867 |
PING YE CHEN PURPOSE: EDUCATIONAL ASSISTANCE | $9,018 |
JUSTIN LIANG XI PURPOSE: EDUCATIONAL ASSISTANCE | $7,614 |
KANCHANA UDOMATAWEE PURPOSE: EDUCATIONAL ASSISTANCE | $967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |
Yeshiva Of Phoenix Phoenix, AZ | $4,803,605 | $7,122,946 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |
Delta Dental Plan Of Colorado Foundation Inc Centennial, CO | $49,407,538 | $7,354,088 |