Marlow & Vella Woodward Foundation Inc
- Assets
- $2.0m
- Revenue
- -$8.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Logan, UT
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 87-0616969
Organization Overview
Marlow & Vella Woodward Foundation Inc is located in Logan, UT. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Marlow & Vella Woodward 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.
Since 2014, Marlow & Vella Woodward Foundation Inc has awarded 69 individual grants totaling $475,127. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR, OR ASSIST IN THE IMPROVEMENT OF, EMPLOYMENT AND CAREER DEVELOPMENT ENABLING INDIVIDUALS TO BECOME MORE FINANCIALLY INDEPENDENT. DURING 2023 SIX INDIVIDUALS WERE PROVIDED WITH EDUCATIONAL ASSISTANCE.
TO PROVIDE FUNDING FOR, AND TO ASSIST IN THE IMPROVEMENT OF, HEALTH AND MEDICAL CARE NECESSARY TO SUSTAIN AND/OR SUCCEED IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford D Lillywhite President | 0.5 | $0 | |
Kent P Woodward Vice President | 0.3 | $0 | |
Brad Mather Vice President | 0.3 | $0 | |
Kristy Woodward Treasurer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,673 |
| Dividends & Interest | $24,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,967 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $20,845 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$8,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $234 |
| Taxes | $999 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,641 |
| Contributions, gifts, grants paid | $36,036 |
| Total expenses and disbursements | $70,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,479 |
| 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 | $505,118 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,018,417 |
| 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, Marlow & Vella Woodward Foundation Inc has awarded $36,036 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SPENCER GUO PURPOSE: EDUCATIONAL ASSISTANCE | $6,200 |
TSZ HEI KWOK PURPOSE: EDUCATIONAL ASSISTANCE | $2,020 |
SEUNGHEE JEON PURPOSE: EDUCATIONAL ASSISTANCE | $11,292 |
PING YU CHEN PURPOSE: EDUCATIONAL ASSISTANCE | $3,774 |
BRYAN FLORES MENA PURPOSE: EDUCATIONAL ASSISTANCE | $2,000 |
LEOPOLDO S CORREA PURPOSE: EDUCATIONAL ASSISTANCE | $5,750 |