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Nonprofiteer
← WOODS SERVICES FOUNDATION

Form 990 for tax year 2022

Filed by WOODS SERVICES FOUNDATION.

Totals

Total revenue
$436,117
Total expenses
$140,300
Contributions and grants received
$144,096
Grants paid
$0
Program service revenue
$0
Investment income
$292,021
Other revenue
$0
Total assets, end of year
$76,462,781
Total liabilities, end of year
$97,014
Net assets or fund balances, end of year
$76,365,767
Program services expenses (Part IX)
$0
Management and general expenses
$140,300
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $144,096

  • 3 · Investment income

    total $2,100,280 · unrelated business $8,028 · excluded $2,092,252

  • 7a · Gross sales of assets other than inventory

    securities $36,320,843

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

    securities $38,129,102

  • 7c · Gain or loss

    securities -$1,808,259

  • 7d · Net gain or loss

    total -$1,808,259 · unrelated business $4,493 · excluded -$1,812,752

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $140,300 · management and general $140,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,639 · end of year $383,402

  • 2 · Savings and temporary cash investments

    beginning of year $6,119,693 · end of year $694,843

  • 3 · Pledges and grants receivable

    beginning of year $19,595 · end of year $19,595

  • 10a · Land, buildings and equipment: cost or other basis

    $4,888

  • 10c · Land, buildings and equipment, net

    beginning of year $4,888 · end of year $4,888

  • 11 · Investments: publicly traded securities

    beginning of year $59,669,484 · end of year $69,860,318

  • 12 · Investments: other securities

    beginning of year $5,225,210 · end of year $5,224,449

  • 15 · Other assets

    beginning of year $262,599 · end of year $275,286

  • 25 · Other liabilities

    beginning of year $106,621 · end of year $97,014

  • 27 · Net assets without donor restrictions

    beginning of year $68,495,042 · end of year $73,081,912

  • 28 · Net assets with donor restrictions

    beginning of year $2,952,445 · end of year $3,283,855

Mission and programs · 2022

Mission

THE WOODS SERVICES FOUNDATION PROVIDES FUNDS FOR WOODS SERVICES AND RELATED ENTITIES.

Activities or mission (Part I)

FOUNDATION PROVIDES FUNDS FOR WOODS SERVICES AND ITS RELATED ENTITIES.

  • THE WOODS SERVICES FOUNDATION PROVIDES FUNDS FOR WOODS SERVICES AND RELATED ENTITIES TO FURTHER ENHANCE THE INNOVATIVE AND COMPREHENSIVE AND INTEGRATED HEALTH-AND-BEHAVIOR, EDUCATION, WORKFORCE, AND CARE MANAGEMENT SERVICES PROVIDED TO CHILDREN AND ADULTS IN THE INTELLECTUAL/DEVELOPMENTAL DISABILITY, CHILD WELFARE, BEHAVIORAL AND ACQUIRED BRAIN INJURY PUBLIC HEALTH SECTORS.

As filed on the 2022 return.

Listed in Part VII

  • Ben Pozez

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ron Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Timothy Titus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Tine Hansen-Turton

    EX OFFICIO

    Total calculated
    $1,046,251
    From this org
    $0
    From related orgs
    $1,032,020
    Other
    $14,231
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $805,270 related
    Bonus
    $0 + $201,250 related
    Other
    $0 + $25,500 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $2,031 related
    Filer's total
    $0 + $1,046,251 related

  • Barry Sharer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Thomas Grant

    TREASURER

    Total calculated
    $532,589
    From this org
    $0
    From related orgs
    $502,131
    Other
    $30,458
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,631 related
    Bonus
    $0 + $135,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $18,258 related
    Filer's total
    $0 + $532,589 related

  • Susan Bird

    SECRETARY

    Total calculated
    $74,598
    From this org
    $0
    From related orgs
    $65,538
    Other
    $9,060
    Hours/week
    1 + 39 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, WOODS SERVICES, INC. THE PROCESS USED TO DETERMINE COMPENSATION FOR THESE INDIVIDUALS IS REPORTED ON THAT ORGANIZATION'S FORM 990 AND IS AS FOLLOWS: COMPENSATION FOR THE CEO AND OTHER OFFICERS IS DETERMINED THROUGH A PROCESS OVERSEEN BY AN INDEPENDENT TRUSTEE IN HIS/HER ROLE AS CHAIRMAN OF THE COMPENSATION AND BENEFITS COMMITTEE. THIS COMMITTEE MAKES RECOMMENDATIONS SUPPORTED BY: 1) COMPARABILITY DATA AVAILABLE THROUGH A MAJOR ANNUAL COMPENSATION SURVEY OF SIMILAR AGENCIES THROUGHOUT SEVEN STATES, AND 2) COMPARABILITY OF LOCAL/REGIONAL NONPROFITS OF SIGNIFICANT SIZE. RECOMMENDATIONS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR FINAL APPROVAL. NO OFFICERS OR STAFF ARE INVOLVED IN THE DELIBERATION REGARDING COMPENSATION FOR THE CEO. THE CEO DOES PARTICIPATE IN DELIBERATIONS REGARDING COMPENSATION FOR THE VICE PRESIDENTS. THE CHAIRMAN OF THE COMPENSATION AND BENEFITS COMMITTEE DOCUMENTS THE FINAL RECOMMENDATIONS AND DETERMINATIONS.
PART I, LINE 4B
A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) OF THE INTERNAL REVENUE CODE HAS BEEN ESTABLISHED FOR SOME MEMBERS OF THE WOODS SERVICES MANAGEMENT TEAM. TINE HANSEN-TURTON - $25,500 (457(B)) THOMAS GRANT - $19,500 (457(B))

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349307822

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