LORAIN, OH

Wood Foundation Of Lorain County

Quick Facts

EIN: 203444144
Location: LORAIN, OH
Phone: (440) 282-6769
Category: Philanthropy & Grantmaking
Total Assets: $3K
Annual Income: $160
IRS Ruling Year: 2014
Organization Type: Non-Operating Foundation
Principal Officer: % Thomas W Wood
Tax Deductibility: Contributions are deductible

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About This Foundation

Wood Foundation Of Lorain County is a private corporation based in LORAIN, OH. The foundation received its IRS ruling in 2014. The principal officer is % Thomas W Wood. It holds total assets of $3K. Annual income is reported at $160. SALVATION ARMY OF LORAIN. According to available records, Wood Foundation Of Lorain County has made 5 grants totaling $3K, with a median grant of $500. Annual giving has decreased from $500 in 2020 to $250 in 2023. Grantmaking activity was highest in 2021 with $1K distributed across 2 grants. Individual grants have ranged from $250 to $1K, with an average award of $500. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

OBERLIN BAND BOOSTERS

Expenses: $1K

BOY SCOUTS OF AMERICA, TROOP 450

Expenses: $250

Frequently Asked Questions

What does Wood Foundation Of Lorain County fund?

SALVATION ARMY OF LORAIN. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in OH.

How much does Wood Foundation Of Lorain County give in grants?

Wood Foundation Of Lorain County has distributed a total of $3K across 5 grants. The median grant size is $500, with an average of $500. Individual grants have ranged from $250 to $1K.

How do I apply for a grant from Wood Foundation Of Lorain County?

Wood Foundation Of Lorain County typically selects its grantees rather than accepting unsolicited proposals.

Where is Wood Foundation Of Lorain County located?

Wood Foundation Of Lorain County is headquartered in LORAIN, OH.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Dr Thomas Wood	PRESIDENT	$0	$0	$0
Melinda Wood	VICE PRESIDENT	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$1K

2023+19%

Total Assets

$3K

2023-23%

Fair Market Value

$3K

2023

Net Worth

$3K

2023

Grants Paid

$250

2023

Contributions

$225

2023

Net Investment Income

2023

Distribution Amount

$181

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Financial Details (2023)

Total Revenue: $225
Total Expenses: $1K
Exempt Purpose Expenses: $250
Required Distribution: $181
Undistributed Income: $0
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$3K

Average Grant

$500

Median Grant

$500

Unique Recipients

Most Common Grant

$1K

Grant Disbursements by Year

Grant Range

Min$250

Max$1K

Median: $500

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

OH$3K (5)

Past Grantees

Recipient	Location	Amount	Year
Salvation Army Of LorainIN SUPPORT OF LOCAL OUTREACH PROGRAMS	Lorain, OH	$250	2023
Oberlin Band BoostersTO SUPPORT LOCAL MARCHING BAND	Oberlin, OH	$1K	2021
Boy Scouts Of America Troop 450IN SUPPORT OF EAGLE SCOUT PROJECT	New Albany, OH	$250	2021
The Salvation ArmyTO HELP THOSE IN NEED	Lorain, OH	$500	2020