Wood Family Memorial Trust
- Assets
- $2.3m
- Revenue
- $281.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Victoria, TX
- Founding
- 00/0000
- Data as of
- 11/2022
- EIN
- 74-6307476
Organization Overview
Wood Family Memorial Trust is located in Victoria, TX. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 11/2022, Wood Family Memorial Trust generated $281.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $297.9k during the year ending 11/2022. While expenses have increased by 6.5% per year over the past 6 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 2015, Wood Family Memorial Trust has awarded 188 individual grants totaling $1,679,911. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,535 |
| Dividends & Interest | $49,173 |
| Net Rental Income | $12,341 |
| Net Gain on Sale of Assets | $213,493 |
| Capital Gain Net Income | $213,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $281,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,140 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,663 |
| Total operating and administrative expenses | $41,573 |
| Contributions, gifts, grants paid | $256,322 |
| Total expenses and disbursements | $297,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,225 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $238,829 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5 |
| Total assets | $2,312,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wood Family Memorial Trust has awarded $256,322 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AFFECTIONATE ARMS PURPOSE: OPERATING EXPENSES | $15,000 |
ANDER-WESER VFD PURPOSE: OPERATING EXPENSES | $5,000 |
BOYS & GIRLS CLUB OF VICTORIA PURPOSE: ENHANCE PROGRAMS AND FACILITIES | $15,000 |
COLE OHRT WALK STRONG PURPOSE: ROBOTIC WALKING EQUIPMENT FOR REHAB | $5,000 |
CROSSROADS BUSINESS & EDUCATION CON PURPOSE: EXPANSION OF PROGRAMS; GENERAL OPER | $5,000 |
FOOD BANK OF THE GOLDEN CRESCENT PURPOSE: PURCHASE ELECTRIC UTILITY VEHICLE | $10,000 |