Woods Hole Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042601182 ✦ Woods hole, MA ✦ Designated as a 501(c)(3)

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Overview

What is Woods Hole Foundation Inc?

Woods Hole Foundation Inc is a philanthropic organization situated in Woods Hole, Massachusetts. Their primary mission is to fundraise and donate to local charitable organizations that provide diverse community services. By extending their resources, they aim to improve the quality of life and enhance the character of the Woods Hole and Falmouth communities. The Foundation's activities involve distributing donations to qualifying, tax-exempt local organizations, thereby contributing positively to the area's overall well-being.


Official website here: www.woodsholefoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star rating

Woods Hole Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The foundation excels in several key areas, including having a fully independent board with 100% of its members meeting this criterion. It also demonstrates a strong program expense ratio of 95.71%, highlighting its commitment to directing funds towards its mission-related activities.

Despite these strengths, the organization faces challenges in governance policies, as it is noted that it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions may impact transparency and accountability, which are crucial for nonprofit operations.

Overall, while Woods Hole Foundation Inc shows a strong financial standing and commitment to its programs, addressing the noted governance policy gaps would enhance its ratings and public trust further.


This AI summary has been generated from information found on Charity Navigator.

Is Woods Hole Foundation Inc legitimate?

Woods Hole Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woods Hole Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.woodsholefoundation.org

What is the mission statement of Woods Hole Foundation Inc?

The Woods Hole Foundation Inc's mission is centered around raising and distributing funds to tax-exempt organizations that contribute to the betterment of the community. Their purpose is to enhance the quality of life and character of the community they serve. This is achieved by providing donations to local charitable organizations that offer various charitable services. The foundation's activities primarily involve fundraising and offering financial support to these organizations.


Official website here: www.woodsholefoundation.org

Who is the CEO of Woods Hole Foundation Inc?

Rachel Switzer is the President of Woods Hole Foundation Inc.


Official website here: www.woodsholefoundation.org

What is the revenue of Woods Hole Foundation Inc?

Woods Hole Foundation Inc's revenue in 2022 was $73,640.


Official website here: www.woodsholefoundation.org

Who are the executives of Woods Hole Foundation Inc and what are their salaries?

There 25 volunteers at Woods Hole Foundation Inc.


Here are 9 key members and their salaries:


Rachel Switzer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Allison (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Demarest (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hulbert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Catipovic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Person (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Gomez Ibanez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Hoyerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Hare (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.woodsholefoundation.org

Where can I find the form 990 for Woods Hole Foundation Inc?

Woods Hole Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.woodsholefoundation.org

Learn more at the official website: www.woodsholefoundation.org

Mission Statement of Woods Hole Foundation Inc

The Woods Hole Foundation Inc, as a philanthropic organization, is dedicated to raising and distributing funds to tax-exempt, local charitable organizations. Its purpose is to enhance the quality of life and character of the community in Woods Hole and Falmouth, Massachusetts. By providing donations to these organizations, the Woods Hole Foundation Inc plays a crucial role in supporting various charitable services within the local area, thereby contributing to the betterment of the community as a whole.

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Impact




August, 2024

Woods Hole Foundation Inc's impact is felt through its support of local area organizations that provide various charitable services. By raising and distributing funds to tax-exempt organizations in Woods Hole and Falmouth, Massachusetts, the foundation enhances the quality of life and character of the community. Through its philanthropic efforts, Woods Hole Foundation Inc contributes to the betterment of the local area, supporting essential services and initiatives that benefit residents and contribute to the overall well-being of the community.




This information is meant to be a general summary of Woods Hole Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$73,640 (2022)
Expenses
$129,281 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $36,081
  • Gross Receipts: $234,870

Assets and Liabilities:

  • Total Assets: $3,089,046
  • Total Liabilities: $0
  • Net Assets: $3,089,046

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Organization Details

Founding Year

1976

Principal Officer

Rachel Switzer

Main Address

PO BOX 603, WOODS HOLE, MA, 02543

NTEE Category

Code: T30 - Philanthropy

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