WOODSTOCK INSTITUTE

As filed

Subsection

03

Classification

1000

Street

67 E MADISON ST STE 2108

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• Technical assistance/Small business

  Expenses $543,248 · Revenue $53,136

• Equitable lending & investment: Woodstock produces research on the often predatory and disproportionate impact of financial products and practices on low-wage workers, low-wealth people and communities of color, develops model reforms, and advocates with regional stakeholders for consumer protections and fair rates for mortgage and consumer credit. For example, Woodstock played a critical leadership role in eliminating many of the short-term credit industry's worst practices in Illinois with the passage of HB537, which included all of the key consumer protections identified in Woodstock's substantial body of consumer credit research. That law caps rates for short-term credit products, prevents the cycle of debt caused by frequent refinancing, and gives regulators the tools necessary to identify predatory practices before they become widespread. At the federal level, Woodstock works to ensure that the lending and consumer laws and rules apply to the widest possible range of products and effectively protect consumers, low-wage workers and small business owners before industry abuses become widespread. Woodstock's goals are to reduce the number of consumers using predatory credit products and the level of debt held by low-wealth people, and to help lower-wealth people and communities of color build and preserve wealth.

  Expenses $681,658 · Revenue $31,673

• Wealth creation and preservation: Woodstock uses innovative research to identify barriers to and opportunities for wealth creation for low-wealth persons and communities, and engages in coalition building and advocacy to expand policies that promote equitable wealth creation. For example, Woodstock conducted research on the extent of retirement security in Illinois and collaborated with the Illinois asset building group to persuade Illinois to create a first-ever state program for employment-based retirement savings plans to save through automatic enrollment and payroll deduction into a Roth IRA, with the ability to opt out.

  Expenses $111,299 · Revenue $46,877

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,591,037

  Expenses

  $1,800,358

  Contributions

  $3,002,104

  Grants paid

  $0

• 2023

  Revenue

  $1,537,944

  Expenses

  $1,596,274

  Contributions

  $1,373,240

  Grants paid

  $0

• 2022

  Revenue

  $1,513,506

  Expenses

  $1,438,243

  Contributions

  $1,509,502

  Grants paid

  $7,222

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $979,306

  Expenses

  $1,110,544

  Assets (EOY)

  $641,004

• 2020 · 990

  Revenue

  $1,076,488

  Expenses

  $817,858

  Assets (EOY)

  $747,258

• 2019 · 990

  Revenue

  $672,152

  Expenses

  $875,212

  Assets (EOY)

  $467,123

• 2018 · 990

  Revenue

  $991,086

  Expenses

  $902,339

  Assets (EOY)

  $651,328

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• THE CHICAGO COMMUNITY TRUST

  $500,000

  2024 · General support for programs, operations and other charitable purposes

• THE CHICAGO COMMUNITY TRUST

  $250,000

  2022 · The grant's purpose is to continue work of the Mortgage Access Initiative (MAI) The focus for this project is to re-imagine, de-construct and advocate for a better mortgage lending and home buying process to achieve greater equity in homeownership outcomes for people of color and expand the breadth of responsive mortgage products that meet their needs.

• THE CHICAGO COMMUNITY TRUST

  $250,000

  2023 · General support for programs, operations and other charitable purposes

• AMERICANS FOR FINANCIAL REFORM EDUCATION FUND

  $25,000

  2023

• AMERICANS FOR FINANCIAL REFORM EDUCATION FUND

  $25,000

  2022

• AMERICANS FOR FINANCIAL REFORM EDUCATION FUND

  $20,000

  2024

• THE BLACKBAUD GIVING FUND

  $16,500

  2022 · GENERAL SUPPORT

• CHARITIES AID FOUNDATION AMERICA

  $15,000

  2024 · CHARITABLE DONATION

• CHARITIES AID FOUNDATION AMERICA

  $15,000

  2022 · CHARITABLE DONATION

• CHICAGO AREA FAIR HOUSING ALLIANCE

  $12,000

  2022 · RESEARCH

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

Other IRS files