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Nonprofiteer
← OAKWOOD FOUNDATION INC

Form 990 for tax year 2024

Filed by OAKWOOD FOUNDATION INC.

Totals

Total revenue
$2,997,862
Total expenses
$2,539,655
Contributions and grants received
$1,588,804
Grants paid
$2,174,221
Program service revenue
$0
Investment income
$1,409,058
Other revenue
$0
Total assets, end of year
$18,264,383
Total liabilities, end of year
$721,171
Net assets or fund balances, end of year
$17,543,212
Program services expenses (Part IX)
$2,174,221
Management and general expenses
$95,509
Fundraising expenses
$269,925
Program service expenses (Part III)
$2,174,221

Program services were 85.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,588,804

  • 1g · Noncash contributions included above

    $8,868

  • 3 · Investment income

    total $429,382 · excluded $429,382

  • 7a · Gross sales of assets other than inventory

    securities $7,412,392

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

    securities $6,432,716

  • 7c · Gain or loss

    securities $979,676

  • 7d · Net gain or loss

    total $979,676 · excluded $979,676

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,174,221 · program services $2,174,221

  • 5 · Compensation of officers, directors and key employees

    total $137,700 · management and general $13,770 · fundraising $123,930

  • 7 · Other salaries and wages

    total $28,140 · management and general $2,494 · fundraising $25,646

  • 8 · Pension plan contributions

    total $1,019 · management and general $102 · fundraising $917

  • 9 · Other employee benefits

    total $5,526 · management and general $552 · fundraising $4,974

  • 10 · Payroll taxes

    total $11,312 · management and general $1,131 · fundraising $10,181

  • 11c · Fees: accounting

    total $1,298 · management and general $130 · fundraising $1,168

  • 11f · Fees: investment management

    total $69,154 · management and general $69,154

  • 13 · Office expenses

    total $43,168 · management and general $4,653 · fundraising $38,515

  • 14 · Information technology

    total $11,044 · management and general $1,104 · fundraising $9,940

  • 17 · Travel

    total $315 · management and general $315

  • 19 · Conferences, conventions and meetings

    total $2,104 · management and general $2,104

  • 24a · Other expenses: CGA ACTUARIAL EXPENSE

    total $46,892 · fundraising $46,892

  • 24b · Other expenses: DONOR APPRECIATION

    total $7,762 · fundraising $7,762

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $581,643 · end of year $261,667

  • 3 · Pledges and grants receivable

    beginning of year $174,000 · end of year $101,000

  • 9 · Prepaid expenses and deferred charges

    end of year $3,676

  • 11 · Investments: publicly traded securities

    beginning of year $16,022,773 · end of year $17,898,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,013 · end of year $14,962

  • 25 · Other liabilities

    beginning of year $763,146 · end of year $706,209

  • 27 · Net assets without donor restrictions

    beginning of year $9,055,592 · end of year $11,005,295

  • 28 · Net assets with donor restrictions

    beginning of year $6,941,665 · end of year $6,537,917

Mission and programs · 2024

Mission

THE MISSION OF OAKWOOD FOUNDATION IS THE DEVELOPMENT, STEWARDSHIP AND DISTRIBUTION OF RESOURCES TO PROMOTE THE HIGHEST LEVEL OF INDEPENDENCE FOR A DIVERSE COMMUNITY OF OLDER ADULTS.

  • PROVIDE FUNDING TO 501(C)(3) ORGANIZATIONS IN ORDER TO SERVE THESE PRIORITY NEEDS: BENEVOLENCE FOR OLDER ADULTS WHO CANNOT AFFORD TO PAY THE FULL COST OF CARE; FUNDING FOR CAPITAL ENHANCEMENTS AND PROGRAMS THAT SUPPORT INDEPENDENCE AND ENHANCE QUALITY OF LIFE; AND SPIRITUAL VITALITY.

    Expenses $2,174,221 · Grants $2,174,221

As filed on the 2024 return.

Listed in Part VII

  • Sarah Kruger

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Donna Ulteig

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rod Nordby

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lori Werbeckes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sue Ullsvik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ed Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barb McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donna Beestman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlie Bunge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janice Hamilton-Crawford

    CEO

    Total calculated
    $644,675
    From this org
    $0
    From related orgs
    $631,276
    Other
    $13,399
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,231 related
    Bonus
    $0 + $172,833 related
    Other
    $0 + $43,212 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,399 related
    Filer's total
    $0 + $644,675 related

  • Christine O'Donnell

    CFO

    Total calculated
    $310,542
    From this org
    $0
    From related orgs
    $301,893
    Other
    $8,649
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,635 related
    Bonus
    $0 + $53,949 related
    Other
    $0 + $11,309 related
    Deferred
    $0 + $7,630 related
    Nontaxable benefits
    $0 + $1,019 related
    Filer's total
    $0 + $310,542 related

  • David Mossner

    EXECUTIVE DIRECTOR

    Total calculated
    $137,700
    From this org
    $0
    From related orgs
    $108,974
    Other
    $28,726
    Hours/week
    40

  • Susan Rafferty

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $358,574
    From this org
    $0
    From related orgs
    $342,482
    Other
    $16,092
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,500 related
    Bonus
    $0 + $60,475 related
    Other
    $0 + $14,507 related
    Deferred
    $0 + $5,047 related
    Nontaxable benefits
    $0 + $11,045 related
    Filer's total
    $0 + $358,574 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

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
IT IS THE POLICY OF THE ORGANIZATION TO REVIEW THE COMPENSATION PACKAGE OF THE CHIEF EXECUTIVE OFFICER (CEO) AS PART OF AN ANNUAL PERFORMANCE REVIEW PROCESS. BIENNIALLY, HUMAN RESOURCES WILL CONTRACT WITH AN INDEPENDENT THIRD PARTY TO CONDUCT A MARKET-BASED ANALYSIS AND BENCHMARK OF CEO COMPENSATION THAT UTILIZES DATA FROM REGIONAL ORGANIZATIONS OF SIMILAR SIZE. THE BENCHMARK DATA IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE DECISIONS, PROCESS FOR DECISION-MAKING, AND COMMITTEE MEMBERS ARE DOCUMENTED.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202512799349300441

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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