The Woodstock Foundation Inc
- Assets
- $90.7m
- Revenue
- $3.2m
- Investments
- $77.2m
- Employees
- 130
- Location
- Woodstock, VT
- Founding
- 12/1968
- Data as of
- 12/2022
- EIN
- 03-0221142
Organization Overview
The Woodstock Foundation Inc is located in Woodstock, VT. The organization was established in 1968. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Woodstock Foundation Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock 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, Woodstock Foundation Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WOODSTOCK FOUNDATION SUPPORTS CULTURAL HERITAGE AND HISTORIC PRESERVATION EFFORTS, INCLUDING CONTRIBUTING TO THE PRESERVATION AND CONSERVATION OF LOCAL NATIONAL PARK SERVICE RESOURCES. SIGNIFICANT ACTIVITIES INCLUDE THE BILLINGS FARM & MUSEUM, AN OPERATING DAIRY FARM AND MUSEUM OF VERMONT'S RURAL HISTORY.
Describe the Organization's Program Activity:
THE WOODSTOCK FOUNDATION OPERATES A DAIRY FARM AND MUSEUM OF VERMONT'S RURAL HERITAGE IN WOODSTOCK, VERMONT FOR THE BENEFIT OF THE GENERAL PUBLIC THAT INCLUDES EDUCATIONAL PROGRAMS ABOUT PAST AND PRESENT FARMING PRACTICES AND MAINTENANCE OF FACILITIES. THE FARM AND MUSEUM ARE OPEN TO THE PUBLIC DAILY APRIL 1-OCTOBER 31; WEEKENDS AND HOLIDAY PERIODS NOV-FEB; SCHOOL GROUPS ANYTIME BY RESERVATION.
OTHER PROGRAM SERVICES REPRESENT THE REMAINING PROGRAM SERVICES FOR THE FOUNDATION.
PRESERVATION AND CONSERVATION OF THE MARSH-BILLINGS-ROCKEFELLER NATIONAL HISTORICAL PARK'S HISTORIC RESOURCES FOR THE BENEFIT OF THE CITIZENS OF THE UNITED STATES. PROGRAMS PROVIDED YEAR-ROUND.
ENHANCE STATE, NATIONAL AND INTERNATIONAL NON-PROFIT EFFORTS TO PRESERVE CULTURAL HERITAGE AND HISTORIC SITES. PROGRAMS PROVIDED YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen R C Pomeroy Trustee | Trustee | 8 | $0 |
David Simmons President | OfficerTrustee | 40 | $219,446 |
William S Moody Trustee | Trustee | 1 | $0 |
Douglas R Horne Trustee | Trustee | 4 | $0 |
Salvatore Iannuzzi Trustee | Trustee | 8 | $0 |
John Osborn Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hicks Sales & Service Construction | 12/30/19 | $454,602 |
Conway Landscape & Lawncare Corp Landscaping | 12/30/19 | $158,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $137,944 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,527 |
| Total Program Service Revenue | $1,170,490 |
| Investment income | $1,023,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $688,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $94,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,226,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $634,148 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $325,291 |
| Other salaries and wages | $2,406,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $67,899 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $110,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $414,203 |
| Fees for services: Other | $174,156 |
| Advertising and promotion | $63,034 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,198,109 |
| Travel | $5,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,169 |
| Insurance | $174,516 |
| All other expenses | $0 |
| Total functional expenses | $6,728,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $221,806 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,624,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $77,207,238 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,188,117 |
| Total assets | $90,694,083 |
| Accounts payable and accrued expenses | $760,656 |
| 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 | $0 |
| Total liabilities | $760,656 |
| Net assets without donor restrictions | $89,933,427 |
| Net assets with donor restrictions | $0 |
| 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 | $90,694,083 |