Architectural Woodwork Institute Education Foundation Inc

EIN: 262137087 501(c)(3) Philanthropy & Grantmaking

Potomac Falls, VA

Total Revenue
$97,376
Total Expenses
$35,373
Total Assets
$2,668,847
Net Assets
$2,663,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
Kristine Cox
Phone
5713233636
Tax Period
2023-01-01 to 2023-12-31

Architectural Woodwork Institute Education Foundation Inc, founded in 2008, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $97K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 64% operating margin.

Mission

To identify, cultivate and deliver resources that provide opportunities for education and professional development in the architectural woodwork industry.

Program Service Accomplishments

Program 1
Expenses: $15,427

2023 AWIEF Scholarship Awards: The annual scholarship program reaches out to woodwork instructors across the United States and invites each to nominate one outstanding woodworking student who would...

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2023 AWIEF Scholarship Awards: The annual scholarship program reaches out to woodwork instructors across the United States and invites each to nominate one outstanding woodworking student who would be worthy of receiving financial aid as assistance in his/her studies of woodworking as a career objective. The foundation provides an a annual scholarship application form which must be returned to the foundation by a stated due date. Official school transcripts are also required as part of the application process. After the nomination date closes, the AWIEF board of directors meets to review each scholarship nominee's application and, as a group, comes to consensus in determining which nominees are awarded a scholarship. Considerations in determining scholarship awards include: the nominee's work history, current grade point average, courses of study based on transcripts, reference letters from instructors, and a statement about his/her future work plans in the woodworking industry upon completion of studies. Winners are selected by vote of the AWIEF board of directors and notified by us mail. Financial scholarship awards are made by AWI Education Foundation. Checks made jointly payable to the student's school bursar office and the scholarship winner. Scholarship funds are deposited directly into the student's school expense account and can only be used to pay for tuition fees, text books or related course supplies available through the school's bookstore.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,954
Program Service Revenue $0
Investment Income $43,422
Other Revenue $0
TOTAL REVENUE $97,376

Expense Breakdown

Grants Paid $13,800
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,427
Other Expenses $21,573
TOTAL EXPENSES $35,373

Year-over-Year Comparison

2023 2022 Change
Revenue $97,376 $88,181 +0.1%
Expenses $35,373 $135,860 -0.7%
Net Income $62,003 $-47,679 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$368,760
Total Directors
4
$368,760
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristine Cox President 1.00
Officer Director
$0 $0 $0
Bruce Spitz Treasurer 0.50
Officer Director
$0 $0 $0
Douglas Hague Secretary 1.00
Officer Director
$0 $45,736 $368,760
Greg Lutz Director 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $97,376 $35,373 $2,668,847 $62,003
2022 $88,181 $135,860 $2,277,951 $-47,679
2021 $2,059,199 $36,715 $2,740,926 $2,022,484
2020 $28,128 $49,129 $527,686 $-21,001
2019 $82,819 $28,192 $509,713 $54,627
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