L Dexter Woodman Family Foundation Inc
- Assets
- $484.0k
- Revenue
- $21.8k
- Investments
- $480.3k
- Employees
- 0
- Location
- Essex, MA
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 22-2925975
Organization Overview
L Dexter Woodman Family Foundation Inc is located in Essex, MA. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. L Dexter Woodman Family 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 06/2023, L Dexter Woodman Family Foundation Inc generated $21.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $50.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L Dexter Woodman Family Foundation Inc has awarded 120 individual grants totaling $213,501. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 10 COLLEGE SCHOLARSHIPS TO INDIVIDUALS AND A DONATION TO AN ORGANIZATION THAT AWARDS SCHOLARSHIPS TO SPECIFIC INDIVIDUALS
PROVIDE ASSISTANCE TO CHILDREN IN NEED VIA BEVERLY BOOTSTRAPS BACKPACK PROGRAM AND ACTION, INC. HOLIDAY GIFT FUND.
MEMORIAL BENCH GIVEN TO A LOCAL CHURCH.
MEMORIAL CONTRIBUTIONS OF 500 TO THREE LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Carlson President | 1 | $0 | |
Vanessa Woodman DE Lazo Vice Preside | 1 | $0 | |
Kristi Leigh Swett Treasurer | 1 | $0 | |
Emma Dizio Clerk | 1 | $0 | |
Dexter Viator Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,188 |
| Interest on Savings | $1 |
| Dividends & Interest | $11,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $891 |
| Capital Gain Net Income | $891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,153 |
| Printing and publications | $71 |
| Other expenses | $3,526 |
| Total operating and administrative expenses | $12,273 |
| Contributions, gifts, grants paid | $38,103 |
| Total expenses and disbursements | $50,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,639 |
| 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 | $480,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $483,963 |
| 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, L Dexter Woodman Family Foundation Inc has awarded $38,103 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SOPHIA BERTOCCI PURPOSE: SCHOLARSHIP TO FAIRFIELD UNIV | $2,500 |
NORTHSHORE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,999 |
MEREDITH MCFADDEN PURPOSE: SCHOLARSHIP TO ENDICOTT COLLEGE | $2,500 |
EVE DIZIO PURPOSE: SCHOLARSHIP TO SALEM STATE UNIV | $2,500 |
JULIA KEENAN PURPOSE: SCHOLARSHIP TO FRAMINGHAM STATE UNIV | $2,500 |
AUSTIN PARE PURPOSE: SCHOLARSHIP TO UNIV OF RHODE ISLAND | $2,500 |