Woodland Farm Foundation Inc
- Assets
- $22.8m
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Russell Springs, KY
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-2855355
Organization Overview
Woodland Farm Foundation Inc is located in Russell Springs, KY. The organization was established in 2018. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodland Farm 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, Woodland Farm Foundation Inc generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $171.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Woodland Farm Foundation Inc has awarded 16 individual grants totaling $413,314. 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
DOLLY PARTON IMAGINATION LIBRARY - RUSSELL COUNTY
ARTWORKS COMMUNITY ARTS EDUCATION CENTER, INC - PROMOTING ARTS AND EDUCATION FOR ALL AGES IN RUSSELL COUNTY.
AGRICULTURE SCHOLARSHIPS FOR COLLEGE
DONATIONS FOR EDUCATIONAL PROGRAMS AND YOUTH DEVELOPMENT IN LOCAL SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Adams President | 5 | $0 | |
Alicia Joy Fletcher Treasurer | 1 | $0 | |
Jessica Miller Costa Secretary | 1 | $0 | |
Cheryl Palonis Adams Vice Preside | 1 | $0 | |
Andrew Charles Costa Director | 1 | $0 | |
Cate Palonis Adams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,041,703 |
| Interest on Savings | $26,006 |
| Dividends & Interest | $76,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,153 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,125,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,508 |
| Total operating and administrative expenses | $26,339 |
| Contributions, gifts, grants paid | $144,760 |
| Total expenses and disbursements | $171,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,140 |
| Savings and temporary cash investments | $22,755,261 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,758,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $349,891 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $349,891 |
Grants Awarded
Over the last fiscal year, Woodland Farm Foundation Inc has awarded $144,760 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RUSSELL COUNTY PUBLIC LIBRARY PURPOSE: RUSSELL CO IMAGINATION LIBRARY | $77,000 |
Russell Springs, KY PURPOSE: ARTS EDUCATION | $61,260 |
Green, OH PURPOSE: SCHOLARSHIP FUND | $5,000 |
PULASKI COUNTY CROSS COUNTRY PURPOSE: CROSS COUNTRY TEAM UNIFORMS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Poultry Association Columbus, OH | $3,127,560 | $1,832,053 |
Missouri Cattlemens Association Columbia, MO | $888,899 | $1,504,434 |
Tennessee Walking Horse Breeders & Exhibitors Association Lewisburg, TN | $1,795,038 | $1,391,959 |
Poultry Science Association Inc Champaign, IL | $10,190,905 | $2,116,910 |
American Maine Anjou Association Platte City, MO | $1,022,429 | $1,043,766 |
Ohio Cattlemens Association Marysville, OH | $214,747 | $843,569 |
Virginia Beef Cattle Improvement Assn Blacksburg, VA | $188,516 | $780,596 |
Ohio County & Independent Agricultural Societies Sidney, OH | $471,307 | $699,607 |
Tennessee Cattlemens Association Murfreesboro, TN | $1,366,983 | $701,337 |
Virginia Cattlemens Association Daleville, VA | $278,818 | $551,486 |
Indiana Quarter Horse Association Inc Monrovia, IN | $683,735 | $515,206 |
Harrison County Beef Cattle Association Inc Cynthiana, KY | $115,088 | $409,847 |