Woodmen Of The World Life Insurance Society
- Assets
- $422.7k
- Revenue
- $36.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Panama City, FL
- Founding
- 12/1941
- Data as of
- 12/2021
- EIN
- 23-7630720
Organization Overview
Woodmen Of The World Life Insurance Society is located in Panama City, FL. The organization was established in 1941. According to its NTEE Classification (Q35) the organization is classified as: International Democracy & Civil Society Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Woodmen Of The World Life Insurance Society is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Woodmen Of The World Life Insurance Society generated $36.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $33.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 3 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL AND OUTREACH ASSISTANCE TO OUR MEMBERS, COMMUNITY, AND VICTIMS OF NATURAL DISASTERS. ALL WHILE CONTRIBUTING TO LOCAL SCHOOLS, SERVICEMEN, AIDE AND NON FOR PROFIT GROUPS. ALONG WITH FLAG AND FLAG POLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY FLAG AND FLAGPOLE TO COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Peel Vice President | Officer | 0.5 | $0 |
Taylor Marshall Auditor | Officer | 0.5 | $0 |
Robyn Marshall Treasurer | Officer | 0.5 | $0 |
Jonathan Bowman President | Officer | 0.5 | $0 |
Rachelle Bowman Secretary | Officer | 0.5 | $0 |
Ray Grainger Auditor | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,445 |
| Total Program Service Revenue | $0 |
| Investment income | $231 |
| 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 | $36,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $88 |
| 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 | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $713 |
| All other expenses | $7,823 |
| Total functional expenses | $33,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,737 |
| 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 | $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 | $422,737 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $422,737 |
| Total liabilities and net assets/fund balances | $422,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Network Foundation Inc Atlanta, GA | $3,260,149 | $2,107,521 |
Tectum Foundation Inc Miami, FL | $21,587 | $577,977 |
International Plastic Modelers Society U S A Branch Riverview, FL | $319,675 | $327,328 |
International Seafarers Center Inc Brunswick, GA | $503,374 | $273,144 |
Woodmen Of The World Life Insurance Society Hartselle, AL | $79,167 | $0 |
South Alabama Woodmen Association Inc Montgomery, AL | $102,695 | $46,927 |
Woodmen Of The World Life Insurance Society Tallahassee, FL | $330,021 | $0 |
Woodmen Of The World Life Insurance Society Columbus, GA | $9,259 | $0 |
Woodmen Of The World Life Insurance Society Panama City, FL | $422,737 | $36,676 |
Woodmen Of The World Life Insurance Society Dothan, AL | $238,775 | $0 |
Woodmen Of The World Life Insurance Society Pensacola, FL | $181,862 | $174,965 |
Foundation for International Dermatologic Education Inc Coral Gables, FL | $2,825 | $0 |