Overview
What is Wood Family Foundation?
The Wood Family Foundation, established in 2011, is a Chicago-based nonprofit organization led by retired Cubs pitcher Kerry Wood and his wife Sarah. With a mission to enhance the lives of children in high-need neighborhoods such as North Lawndale, Humboldt Park, Austin, and Englewood, the foundation focuses on its primary program, Pitch In. Pitch In operates within school partnership buildings, collaborating with local elementary schools to support students in grades 4 to 8. The program aims to foster a smooth transition from middle to high school by bolstering students' knowledge, skills, mindsets, and agency. The foundation's approach is comprehensive, involving school leaders, teachers, counselors, and families in a long-term, collaborative relationship. Through Pitch In, the Wood Family Foundation also offers enrichment opportunities and helps students develop diverse worldviews. Currently, the foundation employs 10 individuals in its mission to improve the lives of Chicago area children.
Official website here: www.pitchinchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Wood Family Foundation has received a Three-Star rating from Charity Navigator, indicating an overall positive financial health and commitment to accountability. With an impressive Accountability & Finance Score of 83 and a Culture & Community Score of 89, the Foundation demonstrates a strong operational framework supported by a fully independent board. Notably, 91% of its board members are independent, which is crucial for ensuring objective governance.
The Foundation excels in several key areas, such as having no material diversion of assets and maintaining comprehensive policies for conflict of interest and whistleblowing. Furthermore, the Foundation's financial management is sound, reflected in a low liabilities to assets ratio of 10.97%, suggesting a stable financial position. The audit and oversight practices are robust, with full scores awarded for financial statements.
However, while the program expense ratio is at 59.26%, this indicates that a substantial portion of its resources may be allocated to administrative costs rather than directly to programs. This could be an area for improvement to enhance the direct impact on the community it serves. Overall, the Wood Family Foundation displays a strong commitment to its mission, supported by effective governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Wood Family Foundation legitimate?
Wood Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wood Family Foundation 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: $128,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $375,005
For more financial information, click here
Official website here: www.pitchinchicago.org
What is the mission statement of Wood Family Foundation?
The Wood Family Foundation, established in 2011, is committed to enhancing the lives of children residing in four disadvantaged areas of Chicago. Its mission is to offer long-term support and services. The foundation, spearheaded by its primary program, Pitch In, aims to assist children from Austin, Englewood, Humboldt Park, and North Lawndale neighborhoods in smoothly transitioning from middle school to high school, preparing them for success. Pitch In collaborates with Chicago Public Schools (CPS) elementary schools to boost student performance in grades 4-8, and it is dedicated to improving the overall middle school environment and support systems within the district.
Official website here: www.pitchinchicago.org
Who is the CEO of Wood Family Foundation?
Laura Muriello is the President of Wood Family Foundation.
Official website here: www.pitchinchicago.org
What is the revenue of Wood Family Foundation?
Wood Family Foundation's revenue in 2022 was $647,376.
Official website here: www.pitchinchicago.org
Who are the executives of Wood Family Foundation and what are their salaries?
The average compensation at Wood Family Foundation during 2022 was $50,351. There are 10 employees and 23 volunteers at Wood Family Foundation.
Here are 13 key members and their salaries:
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- Compensation: $70,798
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- Compensation: $112,831
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- Other: $2,877
Official website here: www.pitchinchicago.org
Where can I find the form 990 for Wood Family Foundation?
Wood Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pitchinchicago.org
Learn more at the official website: www.pitchinchicago.org
Mission Statement of Wood Family Foundation
The Wood Family Foundation, established by retired Chicago Cubs pitcher Kerry Wood and his wife Sarah in 2011, is dedicated to improving the lives of children in four high-need neighborhoods of Chicago: North Lawndale, Humboldt Park, Austin, and Englewood. The foundation's primary mission is to provide long-term support and services to these children, inspiring others to join in their cause.
To achieve this, the Wood Family Foundation has launched a program called Pitch In. This immersive program is integrated into school partnership buildings and is managed by highly qualified staff members. Pitch In's primary focus is to assist students from these neighborhoods in transitioning smoothly from middle school to high school, preparing them for future success. The foundation partners with Chicago Public Schools (CPS) elementary schools to boost student outcomes in grades 4 through 8. Furthermore, the Wood Family Foundation is committed to improving the culture and support systems surrounding the middle school space district-wide.
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Impact
July, 2024
The Wood Family Foundation's impact is centered around improving the lives of Chicago area children, particularly in high-need neighborhoods such as North Lawndale, Humboldt Park, Austin, and Englewood. Through their Pitch In program, the foundation actively partners with Chicago Public elementary schools to deliver social-emotional learning programs aimed at building trusting relationships with students, families, and school communities. By offering enrichment opportunities and support for a smooth transition to high school, the organization is dedicated to boosting student outcomes and overall well-being. With a mission to scale their programs across multiple neighborhoods and inspire others to join in philanthropic efforts, the Wood Family Foundation is making a significant difference in the lives of young people in Chicago.
This information is meant to be a general summary of Wood Family Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $720
- Gross Receipts: $786,092
Assets and Liabilities:
- Total Assets: $587,434
- Total Liabilities: $29,724
- Net Assets: $557,710
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Organization Details
Founding Year
2011
Phone
(312) 924-9234Principal Officer
Laura Muriello
Main Address
121 W Wacker Drive 619, Chicago, IL, 60601
Website
www.pitchinchicago.orgNTEE Category
Code: T30 - Philanthropy
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