Friends Of Woodstock School Inc
- Assets
- $5.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Freeland, WA
- Founding
- 02/1975
- Data as of
- 06/2022
- EIN
- 59-1588857
Organization Overview
Friends Of Woodstock School Inc is located in Freeland, WA. The organization was established in 1975. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Friends Of Woodstock School Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Woodstock School 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 06/2022, Friends Of Woodstock School Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 19.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURNISH AID AND SUPPORT FOR EDUCATIONAL PROGRAMS IN THE UNITED STATES AND FOREIGN COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOLLOWING GRANTS WERE MADE IN SUPPORT OF EDUCATIONAL PROGRAMS IN THE UNITED STATES AND FOREIGN COUNTRIES: DESIGNATED GRANTS: -1,000,000 TO FUND THE RENOVATION OF THE WOODSTOCK SCHOOL LABS -29,316 TO FUND THE RENOVATION OF CLASSROOMS AT WOODSTOCK SCHOOL -15,000 TO FUND THE WOODSTOCK SCHOOL HANIFL CENTRE INTERNSHIP PROGRAM -10,141,TO SUPPORT WOODSTOCK SCHOOL'S EFFORT IN SUPPORTING STAFF, EMPLOYEES AND THEIR FAMILES AND THE LOCAL COMMUNITY DURING THE COVID 19 PANDEMIC -8,408 TO SUPPORT THE WOODSTOCK SCHOOL EMPLOYEES CHILDRENS' EDUCATION FUND -6,019 TO FUND THE WOODSTOCK SCHOOL CENTRE FOR IMAGINATION ARTIST RESIDENCY PROGRAM -$6,392 IN MISCELLANEOUS DESIGNATED GRANTS IN SUPPORT OF WOODSTOCK SCHOOL -$4,753 TO THE TIMBERLINE FOUNDATION -LESS $46,000 WRITTEN OFF DESIGNATED GRANTS PAYABLE
SCHOLARSHIP GRANTS -62,083 TO SUPPORT STUDENTS STUDYING IN NORTH AMERICA THAT HAVE LOST FUNDING AND WHO WITHOUT ADDED FUNDING WOULD BE UNABLE TO CONTINUE THEIR EDUCATION -60,200 FOR STUDENTS TO ATTEND WOODSTOCK SCHOOL WHO OTHERWISE WOULD BE UNABLE TO DO SO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Davis President | OfficerTrustee | 1 | $0 |
Lucy Dorenfeld Secretary | OfficerTrustee | 0.5 | $0 |
Steve Van Rooy Treasurer | OfficerTrustee | 0.5 | $0 |
David Shastry Vice President | OfficerTrustee | 0.5 | $0 |
Sharon Seto Director | Trustee | 0.75 | $0 |
Craig Cook Ex-Officio | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,524 |
| Total Program Service Revenue | $0 |
| Investment income | $112,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,054,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,754 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,126,559 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,177 |
| Compensation of current officers, directors, key employees. | $34,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,187 |
| Payroll taxes | $7,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,926 |
| Fees for services: Other | $12,575 |
| Advertising and promotion | $0 |
| Office expenses | $13,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,656 |
| Travel | $967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,927 |
| All other expenses | $35,154 |
| Total functional expenses | $1,380,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,961 |
| 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 | $6,952 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,993,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $297,447 |
| Total assets | $5,538,270 |
| Accounts payable and accrued expenses | $73 |
| 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 | $73 |
| Net assets without donor restrictions | $2,131,733 |
| Net assets with donor restrictions | $3,406,464 |
| 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 | $5,538,270 |