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Nonprofiteer
← ARCHITECTURAL WOODWORK INSTITUTE EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by ARCHITECTURAL WOODWORK INSTITUTE EDUCATION FOUNDATION INC.

Totals

Total revenue
$97,376
Total expenses
$35,373
Contributions and grants received
$53,954
Grants paid
$13,800
Program service revenue
$0
Investment income
$43,422
Other revenue
$0
Total assets, end of year
$2,668,847
Total liabilities, end of year
$5,100
Net assets or fund balances, end of year
$2,663,747
Program services expenses (Part IX)
$15,427
Management and general expenses
$19,946
Fundraising expenses
$0
Program service expenses (Part III)
$15,427

Program services were 43.6% 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.

  • 1d · Related organizations

    $13,203

  • 1f · All other contributions, gifts and grants

    $40,751

  • 3 · Investment income

    total $58,547 · excluded $58,547

  • 7a · Gross sales of assets other than inventory

    securities $46,572

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

    securities $61,697

  • 7c · Gain or loss

    securities -$15,125

  • 7d · Net gain or loss

    total -$15,125 · excluded -$15,125

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,800 · program services $13,800

  • 11b · Fees: legal

    total $25 · program services $20 · management and general $5

  • 11c · Fees: accounting

    total $150 · program services $119 · management and general $31

  • 11f · Fees: investment management

    total $19,519 · management and general $19,519

  • 13 · Office expenses

    total $1,279 · program services $1,013 · management and general $266

  • 17 · Travel

    total $600 · program services $475 · management and general $125

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $100,957 · end of year $131,638

  • 4 · Accounts receivable

    beginning of year $0 · end of year $15,028

  • 11 · Investments: publicly traded securities

    beginning of year $2,176,994 · end of year $2,522,181

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $5,100

  • 27 · Net assets without donor restrictions

    beginning of year $2,277,951 · end of year $659,093

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $2,004,654

Mission and programs · 2023

Mission

To identify, cultivate and deliver resources that provide opportunities for education and professional development in the architectural woodwork industry.

Activities or mission (Part I)

See Part III, line 1.

  • See Schedule O.

    Expenses $15,427 · Grants $13,800

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristine Cox

    President

    Total calculated
    $0
    Hours/week
    1

  • Bruce Spitz

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Hague

    Secretary

    Total calculated
    $368,760
    From this org
    $0
    From related orgs
    $323,024
    Other
    $45,736
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,100 related
    Bonus
    $0 + $27,810 related
    Other
    $0 + $17,114 related
    Deferred
    $0 + $35,207 related
    Nontaxable benefits
    $0 + $10,529 related
    Filer's total
    $0 + $368,760 related

  • Greg Lutz

    Director

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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

The filer's explanations (Part III)

Part I, line 3:
AWI Education Foundation relies on a related organization, AWI, to determine officer compensation. AWI's compensation setting practice includes: - independent compensation consultant - approval by the board or compensation committee

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.1
Source object
202412829349300006

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