Woodward Governor Charitable Trust
- Assets
- $40.7m
- Revenue
- $924.9k
- Investments
- $40.3m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 07/1949
- Data as of
- 12/2023
- EIN
- 84-6025403
Organization Overview
Woodward Governor Charitable Trust is located in Rockford, IL. The organization was established in 1949. 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. Woodward Governor Charitable Trust 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 12/2023, Woodward Governor Charitable Trust generated $924.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 8 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 2016, Woodward Governor Charitable Trust has awarded 695 individual grants totaling $10,826,346. 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 |
|---|---|---|---|
A Christopher Fawzy President/trustee | 0.2 | $0 | |
Julia G Buchanan Trustee | 0.2 | $0 | |
Jay Evans Trustee | 0.2 | $0 | |
Michael Schablaske Trustee | 0.2 | $0 | |
Rick Holm Trustee | 0.2 | $0 | |
Kody Braisted Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $464,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,069 |
| Capital Gain Net Income | $160,069 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $924,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $63,563 |
| Contributions, gifts, grants paid | $1,446,000 |
| Total expenses and disbursements | $1,509,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,576 |
| Savings and temporary cash investments | $0 |
| 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 | $104,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,018 |
| Total assets | $40,670,491 |
| 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 | $6,169 |
| Total liabilities | $6,169 |
Grants Awarded
Over the last fiscal year, Woodward Governor Charitable Trust has awarded $1,446,000 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF SANTA CLARITA PURPOSE: GENERAL WELFARE | $3,500 |
BARBARA OLSON SCHOOL OF HOPE PURPOSE: EDUCATIONAL | $5,000 |
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: MEDICAL | $1,800 |
BERISTA INC PURPOSE: GENERAL WELFARE | $1,000 |
BIG BROTHERS BIG SISTERS OF METROPOLITAN CHICAGO PURPOSE: GENERAL WELFARE | $2,500 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL WELFARE | $1,000 |