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Nonprofit · EIN 20-4971953

WOODY FOUNDATION INC

Tax-exempt · COCONUT GROVE, FL 33133

Financials

$216K$236K2023$249K$335K2024
Revenue Expenses · by fiscal year end
Financials of WOODY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$248,584$335,498-$86,914$341,726$9,527$332,199
December 31, 2023990$216,388$236,353-$19,965$417,009$5,057$411,952
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$205,122
Program service revenue
$0
Investment income
$14,066
Net income from fundraising events
$29,396
Other revenue
$29,396

Expenses

Grants and similar amounts paid
$207,419
Compensation of officers, directors and key employees
$28,498
Salaries, compensation and benefits (total)
$28,498
Professional fundraising fees
$0
Program services (functional)
$283,685
Management and general (functional)
$15,425
Fundraising (functional)
$36,388

Balance sheet and other

Total assets, start of year
$417,009
Total assets, end of year
$341,726
Total liabilities, end of year
$9,527
Net assets, end of year
$332,199
Publicly traded securities
$99,691
Net assets without donor restrictions
$332,199
Gross receipts
$314,107
Employees
0
Volunteers
25
Year formed
2006
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
William E Beckham IIIVice President
Trustee or director, Officer
5$28,498
Richard P TonkinsonDirector
Trustee or director
1$0
David MillsDirector
Trustee or director
1$0
Lucy FoersterExecutive Dir.
Trustee or director, Officer
10$0
Leslie JonesDirector
Trustee or director
1$0
James Woody BeckhamDirector
Trustee or director
5$0
Sabrina CohenDirector
Trustee or director
0$0
Jason PenskyDirector
Trustee or director
1$0
Allison BeckhamSecretary
Trustee or director, Officer
1$0
Steven TonkinsonDirector
Trustee or director
1$0
Ann StithPresident
Trustee or director, Officer
1$0
George PuyanaDirector
Trustee or director
0$0
Anthony PoppeTreasurer
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Lucy FoersterExecutive Dir.
Trustee or director, Officer
10$26,992
William E Beckham IIIVice President
Trustee or director, Officer
3$0
Richard P TonkinsonDirector
Trustee or director
1$0
David MillsDirector
Trustee or director
1$0
Leslie JonesDirector
Trustee or director
1$0
James Woody BeckhamDirector
Trustee or director
5$0
Sabrina CohenDirector
Trustee or director
1$0
Jason PenskyDirector
Trustee or director
1$0
Allison BeckhamSecretary
Trustee or director, Officer
3$0
Steven TonkinsonDirector
Trustee or director
1$0
Ann StithPresident
Trustee or director, Officer
5$0
Anthony PoppeTreasurer
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
PO BOX 330221, COCONUT GROVE, FL 33133-0000
Principal officer (990 for 2024)
Ann Stith, 4560 SW 68 Court 9, Miami, FL 33155
Signed the 990
Ann Stith, President
Phone
(305) 669-2119
Return prepared by
Catherine H Lorie CPA PA

Mission

The Mission of the Way Forward Foundation is to enhance the quality of life for those living with paralysis. Our Vision is to help all people with paralysis to live an active and independent life.

990 for the year ended December 31, 2024

Program accomplishments

  • The Foundation provides grants to organizations who help to enhance the quality of life for those living with paralysis.
    Expenses $169,112 · grants $160,618
  • The Foundation developed the Woody Pack, a back pack containing a collection of assistive devices for people with limited hand function to assist in their daily life.
    Expenses $49,653
  • The Foundation provided scholarships to support persons who have suffered from a spinal cord injury.
    Expenses $44,854 · grants $42,601
  • The Foundation supported prize money and entry fees for the Paratheletes in the Miami Marathon.
    Expenses $7,842
  • The Foundation sponsors Yoga Classes for the spinal cord injured community in South Florida.
    Expenses $5,201
  • The Foundation provides grants to Wings for Life who is researching spinal cord injuries.
    Expenses $4,422 · grants $4,200
  • The Foundation sponsored a podcast on living an active and independent life with a spinal cord injury.
    Expenses $2,527
  • The Foundation created "Next Chapter" a program dedicated to promoting inclusion and kindness in the future generation through engaging reading activities and conversations about paralysis.
    Expenses $74

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-4971953
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$341,726
Income (IRS master file)
$314,107

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$248,584$335,498$341,726XML
990December 2023$216,388$236,353$417,009XML
990December 2022$222,193$243,722$437,871IRS
990December 2021$242,352$178,995$461,792IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4971953).

Questions about WOODY FOUNDATION INC

What is the EIN of WOODY FOUNDATION INC?
The employer identification number (EIN) of WOODY FOUNDATION INC is 20-4971953.
Is WOODY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to WOODY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WOODY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WOODY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WOODY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WOODY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Ann Stith.
Who are the officers and directors of WOODY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $28,498 (William E Beckham III, Vice President).
How much revenue does WOODY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $248,584, expenses of $335,498 and total assets of $341,726 at year end.

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