Bob Woodruff Family Foundation Inc
- Assets
- $46.7m
- Revenue
- $39.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Long Island City, NY
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-1441650
Organization Overview
Bob Woodruff Family Foundation Inc is located in Long Island City, NY. The organization was established in 2008. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Bob Woodruff Family Foundation Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob Woodruff 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 12/2023, Bob Woodruff Family Foundation Inc generated $39.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $19.9m during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 9 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.
Since 2014, Bob Woodruff Family Foundation Inc has awarded 820 individual grants totaling $62,603,740. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FIND, FUND, SHAPE, AND ACCELERATE EQUITABLE SOLUTIONS THAT HELP OUR IMPACTED VETERANS, SERVICE MEMBERS, THEIR FAMILIES, AND THEIR CAREGIVERS THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT GRANT MAKING: WE WORK CLOSELY WITH OUR GRANTEES AND PARTNERS TO ENSURE IMPACT, BUILD AWARENESS OF TRENDS WITHIN THE VETERAN SPACE, AND PROVIDE OPPORTUNITIES FOR COLLABORATION WITH OTHER ORGANIZATIONS THAT WORK IN THE VETERAN AND MILITARY COMMUNITY. WE INVEST IN PROGRAMS THAT ACKNOWLEDGE THE INTERCONNECTEDNESS OF ISSUES: A PERSON'S HOUSING STATUS WILL AFFECT THEIR ABILITY TO FIND A JOB, OR FEEDING YOURSELF IS HARDER WHEN STRUGGLING WITH YOUR MENTAL HEALTH FOR EXAMPLE. IN FACT, SINCE 2020, WE HAVE INVESTED OVER $20 MILLION NATIONWIDE. WE UNDERSTAND THAT SOME OF THE MILITARY COMMUNITY'S GREATEST CHALLENGES - MENTAL HEALTH AND WELLBEING, LEGAL ISSUES, EMPLOYMENT, HOUSING, AND FOOD INSECURITY - ARE INTERCONNECTED AND REQUIRE AN INTEGRATED APPROACH.
COMMUNITY NETWORKING AND PARTNERSHIPS: BWF MAINTAINS A ROBUST LOCAL PARTNER NETWORK THAT INCREASES THE COLLABORATIVE CAPACITY OF LOCAL COMMUNITIES TO STEWARD A NATIONAL ECOSYSTEM WORKING TO ACHIEVE OPTIMAL WELL-BEING FOR VETERANS AND THEIR FAMILIES, WHEREVER THEY ARE. THROUGH SPECIAL EVENTS, WE RAISE AWARENESS ABOUT THE ISSUES VETERANS, FAMILIES, AND CAREGIVERS FACE, TO HONOR THEIR SERVICE AND RAISE FUNDS TO SUPPORT THEM. THESE EVENTS HELP US FURTHER OUR MISSION BY CREATING OPPORTUNITIES TO BRIDGE THE MILITARY/CIVILIAN DIVIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Heffron Chairman | OfficerTrustee | 10 | $0 |
Lee Woodruff Vice President | OfficerTrustee | 10 | $0 |
Steve Crawford Treasurer | OfficerTrustee | 10 | $0 |
Edward Toptani Secretary | OfficerTrustee | 10 | $0 |
Martha Raddatz Director | Trustee | 2 | $0 |
Eileen Lynch Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Look & Flow Productions Event Production | 12/30/23 | $190,000 |
Jobpath Partners Llc Subscription Services | 12/30/23 | $175,000 |
Good Sense & Co Production Services Event Production | 12/30/23 | $876,533 |
Mothermac It Support | 12/30/23 | $218,875 |
Lincoln Center For Performing Arts Event Space/food And Beverage/av | 12/30/23 | $349,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,315,452 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,529,575 |
| Noncash contributions included in lines 1a–1f | $126,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,845,027 |
| Total Program Service Revenue | $0 |
| Investment income | $516,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,142 |
| Net Income from Fundraising Events | -$217,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,261,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,672,436 |
| Grants and other assistance to domestic individuals. | $385,334 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $764,753 |
| Compensation of current officers, directors, key employees. | $90,435 |
| Compensation to disqualified persons | $289,522 |
| Other salaries and wages | $2,402,232 |
| Pension plan accruals and contributions | $161,452 |
| Other employee benefits | $240,901 |
| Payroll taxes | $220,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $138,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,161,526 |
| Advertising and promotion | $147,072 |
| Office expenses | $167,992 |
| Information technology | $399,916 |
| Royalties | $0 |
| Occupancy | $178,448 |
| Travel | $509,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $334,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,287 |
| Insurance | $52,307 |
| All other expenses | $49,501 |
| Total functional expenses | $19,890,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,380,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,563,759 |
| 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 | $8,007 |
| Prepaid expenses and deferred charges | $396,396 |
| Net Land, buildings, and equipment | $22,373 |
| Investments—publicly traded securities | $27,316,951 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,687,939 |
| Accounts payable and accrued expenses | $360,688 |
| 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 | $360,688 |
| Net assets without donor restrictions | $19,801,800 |
| Net assets with donor restrictions | $26,525,451 |
| 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 | $46,687,939 |
Grants Awarded
Over the last fiscal year, Bob Woodruff Family Foundation Inc has awarded $9,159,636 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
THE ENTERTAINMENT INDUSTRY FOUNDATION PURPOSE: URGENT NEEDS SUPPORT TO VETERANS AND MILITARY-CONNECTED FAMILIES IN MAUI | $1,000,000 |
MOVE UNITED PURPOSE: USA WHEELCHAIR FOOTBALL LEAGUE; CHAMPIONSHIP GAME; EFFORTS SUPPORTING SERVICE MEMBERS, VETERANS, THEIR FAMILIES, AND CAREGIVERS IN KANSAS CITY | $846,650 |
UT FOUNDATION PURPOSE: MENTAL HEALTH SERVICES -- STRONG STAR TRAINING INITIATIVE; STRONG FAMILIES | $455,000 |
SWORDS TO PLOWSHARES VETERANS RIGHTS ORGANIZATION PURPOSE: VETERANS COMMUNITY CENTER; LEGAL SERVICES | $335,500 |
VOLUNTEERS OF AMERICA OF FLORIDA INC PURPOSE: HOUSING SERVICES; CONFERENCE SUPPORT | $350,900 |
GIRLS WHO CODE INC PURPOSE: MOMS FIRST | $300,000 |