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Nonprofiteer
← MARIE LOUISE WOODSON FOUNDATION

Form 990 for tax year 2023

Filed by MARIE LOUISE WOODSON FOUNDATION.

Totals

Total revenue
$49,510
Total expenses
$84,716
Contributions and grants received
$0
Grants paid
$66,484
Program service revenue
$0
Investment income
$49,510
Other revenue
$0
Total assets, end of year
$1,219,203
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,219,203
Program services expenses (Part IX)
$70,080
Management and general expenses
$14,636
Fundraising expenses
$0
Program service expenses (Part III)
$70,080

Program services were 82.7% 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 $31,206 · excluded $31,206

  • 7a · Gross sales of assets other than inventory

    securities $216,850

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

    securities $198,546

  • 7c · Gain or loss

    securities $18,304

  • 7d · Net gain or loss

    total $18,304 · excluded $18,304

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,484 · program services $66,484

  • 5 · Compensation of officers, directors and key employees

    total $17,980 · program services $3,596 · management and general $14,384

  • 24a · Other expenses: Foreign Taxes on Qualified Dividend

    total $176 · management and general $176

  • 24b · Other expenses: Foreign Taxes on Non Qualified Divi

    total $76 · management and general $76

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $29,386 · end of year $35,974

  • 11 · Investments: publicly traded securities

    beginning of year $1,225,671 · end of year $1,183,229

  • 29 · Capital stock, trust principal or current funds

    end of year $1,219,203

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,255,057

Mission and programs · 2023

Mission

INCOME FROM THIS TRUST IS TO BE USED FOR EDUCATIONAL, SCIENTIFIC OR CHARITABLE PURPOSES OPERATED, SUPERVISED AND CONTROLLED BY THE UNIVERSITY OF LOUISVILLE AND THE NORTON CHILDREN'S HOSPITAL

  • TO PROVIDE SUPPORT FOR THE UNIVERSITY OF LOUISVILLE MEDICAL SCHOOL

    Expenses $35,040 · Grants $33,242

  • TO SUPPORT NORTON HOSPITAL

    Expenses $35,040 · Grants $33,242

As filed on the 2023 return.

Listed in Part VII

  • Jeffery M Bumpous

    TRUSTEE

    Total calculated
    $850,000
    From this org
    $0
    From related orgs
    $850,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $850,000 related

  • Dr Sean Francis

    TRUSTEE

    Total calculated
    $430,250
    From this org
    $0
    From related orgs
    $430,250
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $430,250 related

  • Matt Ayers

    TRUSTEE

    Total calculated
    $440,000
    From this org
    $0
    From related orgs
    $440,000
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $440,000 related

  • Eddie Nixon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Pnc Bank

    TRUSTEE

    Total calculated
    $17,980
    From this org
    $17,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

  • 2 · Substantiation required before reimbursing expenses
  • 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

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
9 May 2025
IRS schema version
2023v6.0
Source object
202511299349304621

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