Raymond A Wood Foundation Inc

Organization Overview

Raymond A Wood Foundation Inc is located in Ocean City, MD. The organization was established in 2017. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Raymond A Wood Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond A Wood 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 06/2023, Raymond A Wood Foundation Inc generated $344.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $503.4k during the year ending 06/2023. While expenses have increased by 33.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE RAYMOND A. WOOD FOUNDATION IS TO EMPOWER HYPOTHALAMIC-PITUITARY BRAIN TUMOR SURVIVORS WITH AN IMPROVED QUALITY OF LIFE BY PROVIDING ACCESS TO EDUCATION, TECHNOLOGY, AND EVOLVING TREATMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE MEDICAL DEVICES TO BRAIN TUMOR SURVIVORS AND RESEARCH FOR INNOVATIVE EQUIPMENT.


PROVIDE OPPORTUNITIES FOR SURVIVORS TO PARTICIPATE IN ENRICHMENT ACTIVITIES.


PROVIDE SUPPORT AND INFORMATION TO IMPROVE QUALITY OF LIFE FOR BRAIN TUMOR SURVIVORS.


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Board, Officers & Key Employees

Name (title)Compensation
Eugenie Hsu PHD
Board Chair
$0
Dean Carson PHD
Research Chair
$0
Chris Selko
Director
$0
Marci Serota
Director
$0
Joan Saperstein
Director
$0
Ethan Schilling PHD
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$48,331
Membership dues$0
Fundraising events$31,980
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$321,996
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$402,307
Total Program Service Revenue$11,275
Investment income $267
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$63,971
Net Income from Fundraising Events -$5,347
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $344,531

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