Woodland Financial Partners Inc
- Assets
- $658.8k
- Revenue
- $298.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Keshena, WI
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-4139567
Organization Overview
Woodland Financial Partners Inc is located in Keshena, WI. The organization was established in 2006. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Woodland Financial Partners Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodland Financial Partners 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, Woodland Financial Partners Inc generated $298.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $271.7k during the year ending 12/2022. While expenses have increased by 12.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE SOCIAL AND/OR ECONOMIC CONDITIONS OF UNDERSERVED PEOPLE, INCLUDING LOW-INCOME PERSONS WHO LACK ADEQUATE ACCESS TO CAPITAL AND/OR FINANCIAL SERVICES AND/OR RESIDENTS OF ECONOMICALLY DISTRESSED COMMUNITITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE LOANS AND PROVIDE RELATED SERVICES TO BORROWERS TO UNDERSERVED PERSONS AND PERSONS WITHIN ECONOMICALLY DISTRESSED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Martin Jr President | Officer | 3 | $0 |
Lew Boyd Vice Preside | Officer | 3 | $0 |
Emerson Coy Treasurer | Officer | 3 | $0 |
Sandra Rachal Secretary | Officer | 3 | $0 |
Judy Anaya Board Member | Trustee | 1 | $0 |
Brian Gauthier Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,254 |
| Total Program Service Revenue | $334 |
| Investment income | $8,513 |
| 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 | $297,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $79,797 |
| Compensation of current officers, directors, key employees. | $11,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,833 |
| Pension plan accruals and contributions | $2,400 |
| Other employee benefits | $0 |
| Payroll taxes | $11,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,129 |
| Fees for services: Accounting | $53,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130 |
| Office expenses | $11,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,167 |
| Travel | $6,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,338 |
| Interest | $3,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,971 |
| All other expenses | $0 |
| Total functional expenses | $271,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,988 |
| 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 | $400,477 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,295 |
| 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 | $658,760 |
| Accounts payable and accrued expenses | $21,713 |
| 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 | $95,000 |
| Total liabilities | $116,713 |
| Net assets without donor restrictions | $398,681 |
| Net assets with donor restrictions | $143,366 |
| 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 | $658,760 |
Grants Awarded
Over the last fiscal year, Woodland Financial Partners Inc has awarded $28,358 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYD'S TREE SERVICE | | | $15,825 |
MERCER WELL CM | | | $7,311 |
EMERALD CITY NAILS | | | $5,222 |