Leonard Wood Institute Inc
- Assets
- $438.4k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Fort Leonard Wood, MO
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 20-0694498
Organization Overview
Leonard Wood Institute Inc is located in Fort Leonard Wood, MO. The organization was established in 2005. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Leonard Wood Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonard Wood Institute 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 06/2022, Leonard Wood Institute Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 0.5% 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 2015, Leonard Wood Institute Inc has awarded 20 individual grants totaling $7,823,834. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVE OF LEONARD WOOD INSTITUTE (LWI) IS TO CREATE OR RETAIN TECHNOLOGY-RELATED BUSINESSES, SAVE OR CREATE NEW JOBS, GENERATE NEW PRODUCTS OR PROCESSES, INCREASE REASEARCH FUNDING, AND TO FACILIATE THE TRANSFER OF TECHNOLOGY FORM RESEARCH AND DEVELOPMENT TO THE MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LWI WAS AWARDED A DIRECTED APPROPRIATION FROM CONGRESS FOR THE PURPOSE OF FUNDING APPLIED RESEARCH PROJECTS FOCUSED ON FORT LEONARD WOOD AND THE MANEUVER SUPPORT CENTER OF EXCELLENCE. LWI COMPETITIVELY AWARDS, MANAGES AND COLLABORATES IN PROJECTS TO DEVELOP TECHNOLOGIES AND SERVICES THAT MEET ARMY CAPABILITY REQUIREMENTS.
LWI WAS ALSO AWARDED A GRANT FROM THE US DEPARTMENT OF DEFENSE, OFFICE OF ECONOMIC ADJUSTMENT TO ASSIST WITH THE READINESS, RESILIENCY, SUSTAINBILITY OF PEOPLE AND FACILITIES AT FORT LEONARD WOOD. THIS ASSISTANCE HELPS RECIPIENTS TO DEVELOP, MAINTAIN AND APPLY THE EXTERTISE, EXPERIENCE AND TOOLS NECESSARY TO ASSIST AND LEVERAGE THE STRENGTHS AND CAPABILITIES OF STATES AND COMMUNITIES.
THE SUSTAINABLE OZARK PROJECT IS A CONSORTIUM THAT WAS CREATED TO FOCUS ON THE IMPROVEMENT AND SUSTAINABILITY OF THE QUALITY OF LIFE AND BUSINESS CLIMATE IN THE FOUR COUNTIES SURROUNDING FORT LEONARD WOOD. THE PROJECT WILL ALSO ENABLE CONTINUED GROWTH OF FORT LEONARD WOOD. THIS PROJECT IS FUNDED THROUGH THE NEIGHBORHOOD ASSISTANCE PROGRAM (NAP) AND THE SUSTAINABLE OZARKS PARTNERSHIP.
THE ACTIVITIES OF LEONARD WOOD INSTITUTE (LWI) ARE CREATION OF AN ENVIRONMENT OF SUPPORT AND ASSISTANCE TO ENABLE RESEARCH, TECHNOLOGY TRANSFER AND BUSINESS DEVELOPMENT INTITIATIVES THAT AHVE AN INHERENT SYNERGY WITH FORT LEONARD WOOD, WHITEMAN AIR FORCE BASE OR OTHER DEPARTMENT OF DEFENSE INSTALLATIONS. LWI UTILIZES THE CAPABILITIES OF MISSOURI BUSINESSES TO PERFORM TECHNOLOGY RELATED RESEARCH AND PROVIDE SERVICES RELATED TO CURRENT AND FUTURE DEPARTMENT OF DEFENSE PROGRAMS. THE PRIMARY OBJECTIVE OF LWI IS TO CREAT OR RETAIN TECHNOLOGY-RELATED BUSINESSES, SAVE OR CREAT NEW JOBS, GENERATE NEW PRODUCTS OR PROCESSES, INCREASE RESEARCH FUNDING, AND TO FACILITATE THE TRANSFER OF TECHNOLOGY FORM RESEARCH AND DEVELOPMENT TO THE MARKETPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorsey Newcomb Executive Di | Officer | 40 | $127,500 |
Robert Chapman Director Of | 40 | $109,775 | |
Jill Bomar Member | Trustee | $0 | |
Dusty Cruise Member | Trustee | $0 | |
Mike Dunbar President | OfficerTrustee | $0 | |
Doyle Edwards Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,177,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,486,825 |
| Total Program Service Revenue | $25,559 |
| Investment income | $552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,513,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,375,243 |
| 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. | $127,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,692 |
| Payroll taxes | $48,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,777 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $499,150 |
| Advertising and promotion | $4,598 |
| Office expenses | $21,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,100 |
| Travel | $17,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,777 |
| All other expenses | $2,520 |
| Total functional expenses | $2,467,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,388 |
| Accounts payable and accrued expenses | $59,613 |
| 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 | $80,924 |
| Total liabilities | $140,537 |
| Net assets without donor restrictions | $297,851 |
| 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 | $438,388 |
Grants Awarded
Over the last fiscal year, Leonard Wood Institute Inc has awarded $1,375,243 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TECHNOLOGY SERVICE CORPORATION PURPOSE: BASIC SCIENTIFIC RES | $16,839 |
WASHINGTON UNIVERSITY - ST LOUIS PURPOSE: BASIC SCIENTIFIC RES | $23,525 |
UNIVERSITY OF MO - KANSAS CITY PURPOSE: BASIC SCIENTIFIC RES | $143,066 |
MISSOURI UNIVERSITY OF SCIENCE & TE PURPOSE: BASIC SCIENTIFIC RES | $686,869 |
UNIVERSITY OF NEW MEXICO PURPOSE: BASIC SCIENTIFIC RES | $142,921 |
UNIVERSITY OF MISSOURI - COLUMBIA PURPOSE: BASIC SCIENTIFIC RES | $362,023 |