Nonprofit · EIN 92-0812518
WOODY FAMILY FOUNDATION
Tax-exempt · ROYSE CITY, TX 75189
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $94,893 | $105,177 | -$10,284 | $82,340 | – | $82,340 |
| December 31, 2023 | 990 (amended) | $232,787 | $140,164 | $92,623 | $92,752 | $129 | $92,623 |
| December 31, 2023 | 990-EZ | $100,774 | $59,533 | $41,241 | $41,241 | – | $41,241 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $101,775
- Net income from fundraising events
- -$6,882
Expenses
- Grants and similar amounts paid
- $20,394
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,250
- Other expenses
- $83,533
- Program services (functional)
- $77,679
Balance sheet and other
- Total assets, start of year
- $92,752
- Total assets, end of year
- $82,340
- Total liabilities, end of year
- –
- Net assets, end of year
- $82,340
- Cash, savings and investments
- $51,260
- Gross receipts
- $112,425
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM WOODY | PRESIDENT | 15 | $0 |
| SARAH WOODY | SECRETARY | 15 | $0 |
| TIMOTHY FOLDEN | MEMBER | 15 | $0 |
| BROOKE BARNES | MEMBER | 15 | $0 |
| SUMMER GASKILL | MEMBER | 15 | $0 |
| CHRIS EVERSON | MEMBER | 4 | $0 |
| MICHAEL BALEY | MEMBER | 15 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM WOODY | PRESIDENT Trustee or director, Officer | 15 | $0 |
| SARAH WOODY | SECRETARY Trustee or director, Officer | 15 | $0 |
| TIMOTHY FOLDEN | MEMBER Trustee or director | 15 | $0 |
| BROOKE BARNES | MEMBER Trustee or director | 15 | $0 |
| SUMMER GASKILL | MEMBER Trustee or director | 15 | $0 |
| CHRIS EVERSON | MEMBER Trustee or director | 4 | $0 |
| MICHAEL BALEY | MEMBER Trustee or director | 15 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM WOODY | PRESIDENT | 15 | $0 |
| SARAH WOODY | SECRETARY | 15 | $0 |
| TIMOTHY FOLDEN | MEMBER | 15 | $0 |
| BROOKE BARNES | MEMBER | 15 | $0 |
| SUMMER GASKILL | MEMBER | 15 | $0 |
| CHRIS EVERSON | MEMBER | 4 | $0 |
| MICHAEL BALEY | MEMBER | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 816, ROYSE CITY, TX 75189-0816
- Signed the 990-EZ
- TOM WOODY, PRESIDENT
- Phone
- (214) 533-0097
- Return prepared by
- EB TAX ADVISORS PLLC
Mission
THE MISSION OF THE WOODY FAMILY FOUNDATION IS TO STRENGTHEN OUR COMMUNITY BY SERVING WITH AND NURTURING THE NEXT GENERATION TO BECOME RESPONSIBLE AND COMPASSIONATE CITIZENS.
Program accomplishments
- THE WOODY FAMILY FOUNDATION CHARTERS 4 BOY SCOUT UNITS AND IS FOCUSED ON YOUTH PROGRAMS FOR THE BETTERMENT OF OUR COMMUNITY.Expenses $77,679 · grants $20,394
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0812518
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $82,340
- Income (IRS master file)
- $112,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $94,893 | $105,177 | $82,340 | IRS |
| 990 | December 2023 | $232,787 | $140,164 | $92,752 | XML |
| 990-EZ | December 2023 | $100,774 | $59,533 | $41,241 | XML |
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 92-0812518).
Questions about WOODY FAMILY FOUNDATION
- What is the EIN of WOODY FAMILY FOUNDATION?
- The employer identification number (EIN) of WOODY FAMILY FOUNDATION is 92-0812518.
- Is WOODY FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to WOODY FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WOODY FAMILY FOUNDATION 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 FAMILY FOUNDATION 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 FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of WOODY FAMILY FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does WOODY FAMILY FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $94,893, expenses of $105,177 and total assets of $82,340 at year end.
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