Woods Services Foundation
- Assets
- $66.4m
- Revenue
- $2.4m
- Investments
- $8.6m
- Employees
- 0
- Location
- Langhorne, PA
- Founding
- 05/1989
- Data as of
- 06/2020
- EIN
- 23-2322137
Organization Overview
Woods Services Foundation is located in Langhorne, PA. The organization was established in 1989. 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. Woods Services Foundation 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 06/2020, Woods Services Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $211.6k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION PROVIDES FUNDS FOR WOODS SERVICES AND ITS RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOODS SERVICES FOUNDATION PROVIDES FUNDS FOR WOODS SERVICES AND RELATED ENTITIES TO FURTHER ENHANCE THE INNOVATIVE AND COMPREHENSIVE AND INTEGRATED HEALTH-AND-BEHAVIOR, EDUCATION, WORKFORCE, AND CARE MANAGEMENT SERVICES PROVIDED TO CHILDREN AND ADULTS IN THE INTELLECTUAL/DEVELOPMENTAL DISABILITY, CHILD WELFARE, BEHAVIORAL AND ACQUIRED BRAIN INJURY PUBLIC HEALTH SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Pozez Chair | OfficerTrustee | 1 | $0 |
Tine Hansen-Turton Ex Officio | OfficerTrustee | 2 | $0 |
Simon Kimmelman General Counsel | Officer | 1 | $0 |
Thomas Grant Treasurer | Officer | 1 | $0 |
Susan Bird Secretary | Officer | 1 | $0 |
Ron Davis Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,016 |
| Investment income | $1,412,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $949,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,374,991 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $189,882 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $211,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,286 |
| Savings and temporary cash investments | $483,244 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $19,595 |
| Investments—publicly traded securities | $56,890,389 |
| Investments—other securities | $8,612,581 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261,763 |
| Total assets | $66,361,746 |
| Accounts payable and accrued expenses | $0 |
| 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 | $43,120 |
| Total liabilities | $43,120 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $66,318,626 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Woods Services Foundation has recieved totaling $101,132.
| Awarding Organization | Amount |
|---|---|
Huisking Foundation Inc Pittsboro, NC PURPOSE: EDU / VOCATIONAL PROGRAMS | $61,000 |
The Boerger Family Charitable Trust Pennington, NJ PURPOSE: GENERAL OPERATING | $25,000 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ PURPOSE: SUPPORT | $13,079 |
The@dale L Reese Foundation Blue Bell, PA PURPOSE: GENERAL FUND | $2,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $53 |
Endowment Analysis
| Beg. Balance | $3,063,537 |
| Net Contributions | $13,079 |
| Ending Balance | $3,076,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |