Woodbury Community Foundation
- Assets
- $1.1m
- Revenue
- $353.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Woodbury, MN
- Founding
- 07/2006
- Data as of
- 06/2022
- EIN
- 72-1592506
Organization Overview
Woodbury Community Foundation is located in Woodbury, MN. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbury Community Foundation 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, Woodbury Community Foundation generated $353.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $269.4k during the year ending 06/2022. While expenses have increased by 15.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT OUR COMMUNITY IS A PREMIER AND CARING PLACE TO LIVE, WORK, AND PLAY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODBURY THRIVES CONNECTS OUR COMMUNITY TO INSPIRE HEALTH AND WELLBEING FOR EVERYONE. DURING THIS FISCAL YEAR, IN-PERSON ACTIVITIES RESUMED. COLLABORATING WITH THE CITY OF WOODBURY, M HEALTH FAIRVIEW, GREAT RIVER GREENING AND OTHERS, THRIVES PRESENTED: POLLINATOR CORRIDOR WALK/SPRING; POLLINATOR CORRIDOR WALK/FALL; COLBY LAKE PARK CLEANUP/SPRING; COLBY LAKE PARK CLEANUP AND INVASIVE SPECIES REMOVAL/FALL; VOLKSSPORTS WALK IN JULY; RIDE, STRIDE OR GLIDE IN AUGUST; FLU VACCINATION CLINIC IN OCTOBER. THRIVES PARTNERED WITH THE CITY OF WOODBURY, MASTER GARDENERS OF WOODBURY AND LOCAL SCOUTS TO ESTABLISH A COMMUNITY GARDEN PILOT THAT WAS SUCCESSFUL AND WILL EXPAND IN THE NEW YEAR.
EACH YEAR, WCF MAKES DONATIONS TO COMMUNITY ORGANIZATIONS IN THE AREAS OF FOOD INSECURITY, YOUTH DEVELOPMENT, PUBLIC SAFETY AND HEALTH AND WELLNESS. DURING THIS YEAR, ADDITIONAL EMPHASIS WAS PLACED ON THOSE THAT ADDRESSED RACIAL EQUITY. IN ADDITION, HOLIDAY PROGRAMS DEVELOP FOOD PACKS AND COLLECT WINTER CLOTHING FOR NEEDY STUDENTS IN AREA SCHOOLS. FUNDS ARE RAISED THROUGH TARGETED FUNDRAISING AND AS PART OF THE PROCEEDS FROM THE FUNDRAISING ACTIVITIES THROUGHOUT THE YEAR. COMMUNITY GRANTS DURING THIS YEAR TOTALED 31,900.
FOSTERING PHILANTHROPY IN OUR COMMUNITY - AS A FOUNDATION, WCF PARTNERS WITH LOCAL INDIVIDUALS AND ORGANIZATIONS IN CREATION OF FUNDS TARGETED AT COMMUNITY NEEDS. MANAGEMENT OF THEIR FUNDS AND ASSISTING IN THEIR FUNDRAISING EFFORTS IS ONE ASPECT OF OUR ROLE IN FOSTERING PHILANTHROPY. IN ADDITION, WCF RAISES CHARITABLE FUNDS THROUGH OUR FUNDRAISING EVENTS (E.G. FRIENDS FEST), COMMUNITY-WIDE EFFORTS LIKE GIVE TO THE MAX, A YEAR-END CAMPAIGN AND TARGETED EVENTS AND PROMOTIONS THROUGHOUT THE YEAR. WE CONSULT WITH INDIVIDUALS ABOUT CREATION OF FUNDS AND LEGACY GIVING. WE ALSO EDUCATE THE COMMUNITY ON NEEDS OF UNDERPRIVILEGED AND OTHERWISE CHALLENGED PARTS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Clinton Treasurer | OfficerTrustee | 7 | $0 |
Matt Johnson Vice-Chair | OfficerTrustee | 7 | $0 |
Jacques Peulen Secretary | OfficerTrustee | 6 | $0 |
Jodi Ritacca Chair | OfficerTrustee | 10 | $0 |
Paula Akakpo Board Member | Trustee | 1 | $0 |
Karl Batalden Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,026 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,710 |
| Total Program Service Revenue | $0 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$31,345 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,400 |
| 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 | $2,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,426 |
| Fees for services: Other | $2,919 |
| Advertising and promotion | $0 |
| Office expenses | $9,347 |
| Information technology | $3,146 |
| Royalties | $0 |
| Occupancy | $16,280 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $893 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,410 |
| All other expenses | $3,669 |
| Total functional expenses | $269,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,683 |
| Savings and temporary cash investments | $83,871 |
| 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 | $817,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,114,065 |
| 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 | $166,502 |
| Net assets with donor restrictions | $947,563 |
| 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 | $1,114,065 |
Grants Awarded
Over the last fiscal year, Woodbury Community Foundation has awarded $84,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION OF MN PURPOSE: GENERAL OPERATING | $35,000 |
WOODBURY HERITAGE SOCIETY PURPOSE: MILLER BARN | $32,500 |
CHRISTIAN CUPBOARD PURPOSE: GENERAL OPERATING | $16,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Woodbury Community Foundation has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |