Totals
- Total revenue
- $1,513,506
- Total expenses
- $1,438,243
- Contributions and grants received
- $1,509,502
- Grants paid
- $7,222
- Program service revenue
- $0
- Investment income
- $4,004
- Other revenue
- $0
- Total assets, end of year
- $1,345,374
- Total liabilities, end of year
- $701,025
- Net assets or fund balances, end of year
- $644,349
- Program services expenses (Part IX)
- $890,459
- Management and general expenses
- $331,793
- Fundraising expenses
- $215,991
- Program service expenses (Part III)
- $890,459
Program services were 61.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$106,119
-
1f · All other contributions, gifts and grants
$1,403,383
-
1g · Noncash contributions included above
$837
-
3 · Investment income
total $4,004 · excluded $4,004
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$106,119
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,222 · program services $7,222
-
5 · Compensation of officers, directors and key employees
total $176,203 · program services $96,916 · management and general $45,537 · fundraising $33,750
-
7 · Other salaries and wages
total $490,583 · program services $269,833 · management and general $126,783 · fundraising $93,967
-
9 · Other employee benefits
total $53,252 · program services $26,125 · management and general $14,918 · fundraising $12,209
-
10 · Payroll taxes
total $49,239 · program services $23,604 · management and general $15,763 · fundraising $9,872
-
11b · Fees: legal
total $10,199 · program services $10,000 · management and general $199
-
11c · Fees: accounting
total $51,805 · program services $34,150 · management and general $8,295 · fundraising $9,360
-
11d · Fees: lobbying
total $37,500 · program services $37,500
-
11g · Fees: other
total $145,325 · program services $125,943 · management and general $15,242 · fundraising $4,140
-
12 · Advertising and promotion
total $110,240 · program services $110,240
-
13 · Office expenses
total $117,528 · program services $54,459 · management and general $44,916 · fundraising $18,153
-
14 · Information technology
total $18,022 · program services $9,263 · management and general $6,517 · fundraising $2,242
-
16 · Occupancy
total $125,173 · program services $60,813 · management and general $38,754 · fundraising $25,606
-
17 · Travel
total $40,622 · program services $21,704 · management and general $13,680 · fundraising $5,238
-
22 · Depreciation, depletion and amortization
total $2,131 · program services $1,068 · management and general $308 · fundraising $755
-
23 · Insurance
total $3,199 · program services $1,619 · management and general $881 · fundraising $699
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,020 · end of year $19,480
-
2 · Savings and temporary cash investments
beginning of year $396,132 · end of year $607,538
-
3 · Pledges and grants receivable
beginning of year $200,091 · end of year $62,500
-
4 · Accounts receivable
beginning of year $6,550 · end of year $263
-
9 · Prepaid expenses and deferred charges
beginning of year $10,447 · end of year $29,254
-
10a · Land, buildings and equipment: cost or other basis
$66,029
-
10b · Land, buildings and equipment: accumulated depreciation
$60,894
-
10c · Land, buildings and equipment, net
beginning of year $5,063 · end of year $5,135
-
15 · Other assets
beginning of year $16,701 · end of year $621,204
-
17 · Accounts payable and accrued expenses
beginning of year $54,752 · end of year $63,780
-
19 · Deferred revenue
beginning of year $17,166
-
25 · Other liabilities
beginning of year $0 · end of year $637,245
-
27 · Net assets without donor restrictions
beginning of year $438,526 · end of year $292,649
-
28 · Net assets with donor restrictions
beginning of year $130,560 · end of year $351,700
Mission and programs · 2022
Mission
To create a just financial system in which lower-wealth persons and communities and people and communities of color can achieve economic security and community prosperity.
-
Technical assistance/Small business
Expenses $186,692 · Grants $227
-
Equitable lending & investment: Woodstock produces research on the often predatory and disproportionate impact of financial products and practices on low-wage workers, low-wealth people and communities of color, develops model reforms, and advocates with regional stakeholders for consumer protections and fair rates for mortgage and consumer credit. For example, Woodstock played a critical leadership role in eliminating many of the short-term credit industry's worst practices in Illinois with the passage of HB537, which included all of the key consumer protections identified in Woodstock's substantial body of consumer credit research. That law caps rates for short-term credit products, prevents the cycle of debt caused by frequent refinancing, and gives regulators the tools necessary to identify predatory practices before they become widespread. At the federal level, Woodstock works to ensure that the lending and consumer laws and rules apply to the widest possible range of products and effectively protect consumers, low-wage workers and small business owners before industry abuses become widespread. Woodstock's goals are to reduce the number of consumers using predatory credit products and the level of debt held by low-wealth people, and to help lower-wealth people and communities of color build and preserve wealth.
Expenses $639,320 · Grants $6,912
-
Wealth creation and preservation: Woodstock uses innovative research to identify barriers to and opportunities for wealth creation for low-wealth persons and communities, and engages in coalition building and advocacy to expand policies that promote equitable wealth creation. For example, Woodstock conducted research on the extent of retirement security in Illinois and collaborated with the Illinois asset building group to persuade Illinois to create a first-ever state program for employment-based retirement savings plans to save through automatic enrollment and payroll deduction into a Roth IRA, with the ability to opt out.
Expenses $64,447 · Grants $83
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas Fitzgibbon Jr
Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Manuel Jimenez
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Calvin Bradford
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Bobbi Ball
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Ravi Aurora
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Eva Brown
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Louis Caditz-Peck
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Staci Glenn-Short
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jesus Hernandez PhD
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Juan Carlos Linares
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew Roth
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Audra Wilson
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Natalie Abatemarco
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Horacio Mendez
President and CEO
- Total calculated
- $173,158
- From this org
- $146,124
- From related orgs
- $0
- Other
- $27,034
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,124
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,034
- Filer's total
- $173,158
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331929349301343
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