Kathy Jerry Wood Foundation Inc
- Assets
- $17.2m
- Revenue
- $655.9k
- Investments
- $16.1m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 84-1690136
Organization Overview
Kathy Jerry Wood Foundation Inc is located in Annapolis, MD. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kathy Jerry 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 12/2022, Kathy Jerry Wood Foundation Inc generated $655.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kathy Jerry Wood Foundation Inc has awarded 68 individual grants totaling $3,138,100. 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
NO DIRECT CHARITABLE ACTIVITIES- ALL GRANTS MADE TO PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sallie Hamrick President & Treasurer | 0 | $120,022 | |
Susan Oyloe Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,905 |
| Dividends & Interest | $263,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $351,098 |
| Capital Gain Net Income | $351,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $655,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,022 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $31,521 |
| Interest | $0 |
| Taxes | $52,502 |
| Depreciation | $0 |
| Occupancy | $42,440 |
| Travel, conferences, and meetings | $97 |
| Printing and publications | $0 |
| Other expenses | $6,816 |
| Total operating and administrative expenses | $373,116 |
| Contributions, gifts, grants paid | $646,600 |
| Total expenses and disbursements | $1,019,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,737 |
| Savings and temporary cash investments | $949,662 |
| 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 | $17,157,871 |
| 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 | $3,001 |
| Total liabilities | $3,001 |
Grants Awarded
Over the last fiscal year, Kathy Jerry Wood Foundation Inc has awarded $646,600 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE SUMMIT SCHOOL PURPOSE: TO PROVIDE FUNDING FOR SCHOLARSHIPS FOR CHILDREN WITH LEARNING DISABILITIES. | $50,000 |
BELLO MACHRE PURPOSE: TO PROVIDE FUNDING FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES. | $25,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: TO PROVIDE FUNDING FOR FOLLOW-UP SERVICES FOR CANINE COMPANIONS | $50,000 |
Y OF CENTRAL MARYLAND PURPOSE: TO PROVIDE FUNDING FOR CHILDRENS PROGRAMS | $35,000 |
KIDS NEED TO READ PURPOSE: TO PROVIDE FUNDING FOR BOOKS FOR UNDERFUNDED SCHOOLS ACROSS THE UNITED STATES | $25,000 |
SISTERS ACADEMY OF BALTIMORE PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS. | $50,000 |