Ward Foundation
- Assets
- $446.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Salisbury, MD
- Founding
- 02/1971
- Data as of
- 06/2022
- EIN
- 23-7088071
Organization Overview
Ward Foundation is located in Salisbury, MD. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Ward Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ward 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 06/2022, Ward Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING WILDFOWL CARVING AND ART.
Describe the Organization's Program Activity:
ART EVENTS - HOSTS THE WARD WORLD CHAMPIONSHIP IN APRIL IN WHICH MASTER CARVERS FROM AROUND THE WORLD GATHER TO COMPETE AND EXHIBIT ARTWORK; HOSTS THE CHESAPEAKE WILDFOWL EXPO IN OCTOBER TO CELEBRATE THE TRADITION OF DECOY MAKING AND WATERFOWLING IN THE REGION; HOSTS THE ART IN NATURE PHOTO FESTIVAL IN AUGUST TO SHOWCASE NATURE PHOTOGRAPHY FROM THROUGHOUT THE COUNTRY.
MUSEUM - THROUGH ITS MUSEUM, THE FOUNDATION TRACES THE WILDFOWL CARVING FROM UTILITARIAN DECOYS TO DECORATIVE SCULPTURES, ITS GROUNDS INCLUDE A NATURE TRAIL AND SCULPTURE GARDEN. IT FURTHERS ITS PURPOSE THROUGH PUBLICATIONS TO MEMBERS, SPECIAL EXHIBITION, EVENTS, AND EDUCATIONAL PROGRAMS.
EDUCATION - EXPENSES TO SUPPORT ADULT, YOUTH AND FAMILY EDUCATIONAL PROGRAMS AT THE MUSEUM AND IN THE COMMUNITY. EDUCATIONAL PROGRAMS SERVE OVER 27,000 ANNUALLY PRIMARILY THROUGH FIELD TRIPS, AFTERSCHOOL PROGRAMS, SEMINARS, WORKSHOPS AND FIELD EXCURSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Bergey Director | Trustee | 1 | $0 |
Michael Abercrombie Director | Trustee | 1 | $0 |
Dr Clifton P Griffin Vice Chairman | OfficerTrustee | 1 | $0 |
Dr Kent N Kimmel Chairman Emeritus | Trustee | 1 | $0 |
Arthur Leonard Director | Trustee | 1 | $0 |
Lynn Adkins Ex-Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,247 |
| Investment income | $57,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,551 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,463,594 |
| 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. | $75,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $572,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,252 |
| Payroll taxes | $66,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,172 |
| Office expenses | $25,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,585 |
| Insurance | $18,803 |
| All other expenses | $0 |
| Total functional expenses | $1,499,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,227 |
| Savings and temporary cash investments | $74,126 |
| Pledges and grants receivable | $19,082 |
| Accounts receivable, net | $16,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,564 |
| Prepaid expenses and deferred charges | $5,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $446,199 |
| Accounts payable and accrued expenses | $104,507 |
| Grants payable | $0 |
| Deferred revenue | $20,632 |
| 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 | $42,122 |
| Unsecured mortgages and notes payable | $148,000 |
| Other liabilities | $74,852 |
| Total liabilities | $390,113 |
| Net assets without donor restrictions | $27,444 |
| Net assets with donor restrictions | $28,642 |
| 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 | $56,086 |