Jim And Marie Wood Foundation
- Assets
- $3.4m
- Revenue
- $174.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Logan, IA
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 93-1044500
Organization Overview
Jim And Marie Wood Foundation is located in Logan, IA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jim And Marie Wood 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 12/2023, Jim And Marie Wood Foundation generated $174.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $168.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jim And Marie Wood Foundation has awarded 27 individual grants totaling $541,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS
COMMUNITY BETTERMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Anderson Director | 0 | $0 | |
Michael Massman Director | 0 | $0 | |
Mike Dickinson Director | 0 | $0 | |
Stephen Eby Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,258 |
| Dividends & Interest | $41,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,903 |
| Capital Gain Net Income | $27,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97,182 |
| Total Revenue | $174,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $119 |
| Taxes | $739 |
| Depreciation | $1,140 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,865 |
| Total operating and administrative expenses | $35,763 |
| Contributions, gifts, grants paid | $133,000 |
| Total expenses and disbursements | $168,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,384 |
| 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 | $1,551,464 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $393,938 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,420,546 |
| 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, Jim And Marie Wood Foundation has awarded $133,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GRANT GOLDSMITH PURPOSE: SCHOLARSHIP | $1,500 |
CITY OF LOGAN PURPOSE: MAIN STREET LIGHTING SERVICES | $3,000 |
AVA GOLDSMITH PURPOSE: SCHOLARSHIP | $7,500 |
CITY OF LOGAN PURPOSE: 4TH OF JULY FIRWORKS | $4,000 |
CITY OF LOGAN PURPOSE: COMMUNITY BETTERMENT | $50,000 |
THE LOGAN VOLUNTEER FIRE & RESCUE ASSN PURPOSE: FIRE STATION INITIAL DONATION | $20,000 |