Merrie Woode Foundation Inc
- Assets
- $17.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 159
- Location
- Sapphire, NC
- Founding
- 12/1978
- Data as of
- 12/2022
- 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 12/2022, Merrie Woode Foundation Inc employed 159 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 12/2022, Merrie Woode Foundation Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 2.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Thomas Bates Trustee | Trustee | 1 | $0 |
Jimmy Broughton Trustee | Trustee | 1 | $0 |
Alan Clark Vice Chair | OfficerTrustee | 2 | $0 |
Mary Coleman Rogers Clark Trustee | Trustee | 1 | $0 |
Jane Curtis Trustee | Trustee | 1 | $0 |
Mallory Dimmitt Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kandle Dining Services Dining | 12/30/22 | $339,162 |
Reed Hilderbrand Llc Construction | 12/30/22 | $145,963 |
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 | $413,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,930 |
| Total Program Service Revenue | $3,164,034 |
| Investment income | -$323,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,650 |
| Net Gain/Loss on Asset Sales | -$69,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,245,654 |
| 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. | $250,000 |
| Compensation of current officers, directors, key employees. | $155,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,032,522 |
| Pension plan accruals and contributions | $34,840 |
| Other employee benefits | $100,514 |
| Payroll taxes | $98,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,864 |
| Fees for services: Accounting | $18,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,891 |
| Advertising and promotion | $7,112 |
| Office expenses | $71,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,411 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,832 |
| Insurance | $120,084 |
| All other expenses | $357,707 |
| Total functional expenses | $3,499,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,946 |
| Savings and temporary cash investments | $902,704 |
| Pledges and grants receivable | $226,644 |
| Accounts receivable, net | $15,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $142,168 |
| Prepaid expenses and deferred charges | $47,593 |
| Net Land, buildings, and equipment | $14,453,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000,920 |
| Total assets | $17,842,033 |
| Accounts payable and accrued expenses | $45,408 |
| Grants payable | $0 |
| Deferred revenue | $277,716 |
| 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 | $1,500,928 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,625 |
| Total liabilities | $1,838,677 |
| Net assets without donor restrictions | $15,776,712 |
| Net assets with donor restrictions | $226,644 |
| 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 | $17,842,033 |