Ron And Carole Woods Foundation
- Assets
- $12.3m
- Revenue
- $341.8k
- Investments
- $10.4m
- Employees
- 0
- Location
- Porter, OK
- Founding
- 07/2019
- Data as of
- 06/2023
- EIN
- 83-3059212
Organization Overview
Ron And Carole Woods Foundation is located in Porter, OK. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Ron And Carole Woods 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 06/2023, Ron And Carole Woods Foundation generated $341.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $933.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ron And Carole Woods Foundation has awarded 87 individual grants totaling $2,343,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald J Woods President | 5 | $0 | |
Mikel Buckmaster Treasurer | 5 | $0 | |
W Kirk Clausing Director | 0 | $0 | |
Ronald J Woods President | 5 | $0 | |
Mikel Buckmaster Treasurer | 5 | $0 | |
W Kirk Clausing Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $249,432 |
| Net Rental Income | $34,003 |
| Net Gain on Sale of Assets | $58,332 |
| Capital Gain Net Income | $58,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $246,737 |
| Total operating and administrative expenses | $264,412 |
| Contributions, gifts, grants paid | $669,000 |
| Total expenses and disbursements | $933,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,884,728 |
| 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 | $696,189 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,731 |
| Total assets | $12,305,470 |
| 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, Ron And Carole Woods Foundation has awarded $1,323,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: DEFENSE OF FREEDOM OPERATIONS | $20,000 |
FOSTERING HOPE PURPOSE: OPERATIONAL SUPPORT | $120,000 |
GOSPEL RESCUE MISSION PURPOSE: RELIGIOUS | $50,000 |
GRACE EPISCOPAL CHURCH PURPOSE: RELIGIOUS | $20,000 |
HERITAGE FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $40,000 |
HILLSDALE COLLEGE PURPOSE: EDUCATIONAL | $40,000 |