Merrie Woode Foundation Inc
- Assets
- $18.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 142
- Location
- Sapphire, NC
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 62-1055955
Organization Overview
Merrie Woode Foundation Inc is located in Sapphire, NC. The organization was established in 1978. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Merrie Woode Foundation Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrie Woode 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 12/2021, Merrie Woode Foundation Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH EDUCATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING TO EXPAND YOUTHS PHYSICAL AND MENTAL ENVIRONMENT IN ORDER TO LEARN TO BETTER SERVE SELF AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Dunn Camp Directo | Officer | 40 | $149,167 |
Name Not Listed Camp Directo | Officer | 40 | $149,144 |
Holly Pierce Ambler Member At La | OfficerTrustee | 1 | $0 |
Alan Clark Vice Chair | OfficerTrustee | 2 | $0 |
Stephanie Blessey Lilley Secretary | OfficerTrustee | 2 | $0 |
Clair Freeman Marshall Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dearl Stewart Construction Construction | 12/30/17 | $2,525,058 |
Kandle Dining Services Dining | 12/30/17 | $257,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $381,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $715,376 |
| Noncash contributions included in lines 1a–1f | $45,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,076 |
| Total Program Service Revenue | $2,903,811 |
| Investment income | $211,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,984 |
| 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 | $33,303 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,317,450 |
| 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. | $298,310 |
| Compensation of current officers, directors, key employees. | $274,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $888,601 |
| Pension plan accruals and contributions | $37,598 |
| Other employee benefits | $111,977 |
| Payroll taxes | $91,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,744 |
| Fees for services: Accounting | $18,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,275 |
| Advertising and promotion | $697 |
| Office expenses | $77,365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,910 |
| Insurance | $155,910 |
| All other expenses | $240,656 |
| Total functional expenses | $3,269,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,884 |
| Savings and temporary cash investments | $1,699,316 |
| Pledges and grants receivable | $288,940 |
| Accounts receivable, net | $8,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,458 |
| Prepaid expenses and deferred charges | $36,865 |
| Net Land, buildings, and equipment | $14,290,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,217,134 |
| Total assets | $18,712,805 |
| Accounts payable and accrued expenses | $30,564 |
| Grants payable | $0 |
| Deferred revenue | $288,495 |
| 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 | $2,136,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,455,937 |
| Net assets without donor restrictions | $15,956,966 |
| Net assets with donor restrictions | $299,902 |
| 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 | $18,712,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merrie Woode Foundation Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Dameron Foundation Raleigh, NC PURPOSE: EDUCATION | $38,000 |
Endowment Analysis
| Beg. Balance | $500,438 |
| Net Contributions | $3,500 |
| Other Expense | $204,036 |
| Ending Balance | $299,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Foundation For American Freedom Alexandria, VA | $368,633 | $6,195,500 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |