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Nonprofiteer
← WARD OAKS FOUNDATION INC

Form 990 for tax year 2024

Filed by WARD OAKS FOUNDATION INC.

Totals

Total revenue
$364,692
Total expenses
$546,458
Contributions and grants received
$0
Grants paid
$205,300
Program service revenue
$0
Investment income
$364,692
Other revenue
$0
Total assets, end of year
$4,052,560
Total liabilities, end of year
$2,914
Net assets or fund balances, end of year
$4,049,646
Program services expenses (Part IX)
$480,921
Management and general expenses
$65,537
Fundraising expenses
$0
Program service expenses (Part III)
$480,921

Program services were 88.0% 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.

  • 3 · Investment income

    total $81,889 · excluded $81,889

  • 7a · Gross sales of assets other than inventory

    securities $4,094,138

  • 7b · Less cost or other basis and sales expenses

    securities $3,811,335

  • 7c · Gain or loss

    securities $282,803

  • 7d · Net gain or loss

    total $282,803 · excluded $282,803

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $205,300 · program services $205,300

  • 11c · Fees: accounting

    total $7,218 · management and general $7,218

  • 11f · Fees: investment management

    total $16,119 · management and general $16,119

  • 11g · Fees: other

    total $36,000 · management and general $36,000

  • 16 · Occupancy

    total $6,000 · management and general $6,000

  • 24a · Other expenses: PASS-THROUGH PARTNERSHI

    total $271,815 · program services $271,815

  • 24b · Other expenses: PASS-THROUGH - OTHER DE

    total $3,806 · program services $3,806

  • 24c · Other expenses: BANK & INVEST CHARGES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,894 · end of year $958,523

  • 2 · Savings and temporary cash investments

    beginning of year $319,860 · end of year $243,374

  • 7 · Other notes and loans receivable

    beginning of year $57,255 · end of year $448,262

  • 11 · Investments: publicly traded securities

    beginning of year $2,267,560

  • 12 · Investments: other securities

    beginning of year $213,228 · end of year $211,236

  • 13 · Investments: program-related

    beginning of year $1,176,205 · end of year $2,191,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $357 · end of year $2,914

  • 27 · Net assets without donor restrictions

    beginning of year $4,223,645 · end of year $4,049,646

Mission and programs · 2024

Mission

TO ALSO HELP THE ENVIRONMENT BY PROMOTING THE USE OF RENEWABLE ENERGY SOURCES, TO INVEST IN RESEARCH AND DEVELOPMENT OF RENEWABLE ENERGY SOURCES, TO ENCOURAGE AND PROMOTE THE COST EFFECTIVE FINANCING AND OPERATING OF RENEWABLE ENERGY FACILITIES IN ORDER TO REDUCE THE COST OF BUILDING AND OPERATING SUCH FACILITIES AND TO REDUCE THE COST OF THE ENERGY PRODUCED BY SUCH FACILITIES. TO ACQUIRE, DEVELOP, INVEST IN, OWN AND OPERATE RENEWABLE ENERGY SOURCES IN ORDER TO DEMONSTRATE THEIR EFFICIENCY, PROMOTE THEIR USE, AND REDUCE RELIANCE UPON FOREIGN ENERGY SOURCES. TO PARTICIPATE IN PROGRAMS DESIGNED TO ACCOMPLISH ANY OF THE FOREGOING, AS WELL AS OTHER CHARITABLE PURPOSES, TO INCLUDE AFFORDABLE HOUSING FOR THE HOMELESS, ELDERLY, AND PERSONS OF LOW INCOME.

Activities or mission (Part I)

TO SUPPORT AFFORDABLE HOUSING, THE ENVIRONMENT, AND RENEWABLE ENERGY, AND OTHER CHARITABLE PURPOSES.

  • PROVIDING CLEAN AND RENEWABLE ENERGY SOURCES TO COMMUNITIES THROUGH OWNERSHIP IN VARIOUS PARTNERSHIPS THAT ALIGN WITH THIS MISSION.CONTRIBUTING TO ORGANIZATIONS WHOSE EXEMPT PURPOSE ALIGNS WITH THAT OF THE FOUNDATION'S MISSIONS.

    Expenses $480,921 · Grants $205,300

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daryl Jones

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Falcone

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • James Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349303199

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