WOODS PROMISE INC

EIN: 455405958 501(c)(3) Education

ALABASTER, AL

Total Revenue
$289,545
Total Expenses
$270,165
Total Assets
$73,629
Net Assets
$63,529
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AL
Tax Period
2022-01-01 to 2022-12-31

WOODS PROMISE INC, founded in 2012, is a small nonprofit in the Education sector that reported $290K in total revenue in fiscal year 2022. Expenses of $270K left a modest 7% surplus.

Mission

TO DEVELOP PROGRAMMING THROUGH STREAM ACADEMIES, INSTITUTES, WORKSHOPS AND SEMINARS, THAT PROVIDE COMPUTER LITERACY, ADULT LITERACY, RESUME WRITING, ETIQUETTES, INTERVIEWING SKILLS, AND DRESS FOR SUCCESS PROGRAMS, IN COLLABORATION WITH AREA COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $206,665

CONDUCTED A THREE-WEEK STREAM CAMP FOR 170 HIGH SCHOOL STUDENT SCHOLARS IN FOUR COUNTIES IN THE BLACKBELT, NAMELY, HALE COUNTY, GREENE COUNTY, TUSCALOOSA COUNTY, AND SUMTER COUNTY. CAMP SCHOLARS HAD...

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CONDUCTED A THREE-WEEK STREAM CAMP FOR 170 HIGH SCHOOL STUDENT SCHOLARS IN FOUR COUNTIES IN THE BLACKBELT, NAMELY, HALE COUNTY, GREENE COUNTY, TUSCALOOSA COUNTY, AND SUMTER COUNTY. CAMP SCHOLARS HAD AN OPPORTUNITY TO EXPAND ON THEIR CAREER OPTIONS BY BEING EXPOSED TO THE STREAM CONCEPT. THE PROGRAMS ACADEMIC COMPONENT PROVIDED DIAGNOSTIC TESTING TO ACCURATELY ASSESS EACH OF THE STUDENTS NEEDS. THEREBY, MAINTAINING A DEGREE OF FLEXIBILITY IN EACH DISCIPLINE TO MAKE MID-IMPLEMENTATION ADJUSTMENTS.COLLEGE AND HIGH SCHOOL TEACHERS WERE EMPLOYED TO IMPLEMENT THE INSTRUCTION. CAMP SCHOLAR TRAVELED TO LOCAL COLLEGES FOR THE FIRST TIME, NAMELY, MILES COLLEGE, TENNESSEE STATE UNIVERSITY, AND ALABAMA STATE UNIVERSITY. SCHOLARS VISITED SITES LIKE ED FARM AND THE JONES VALLEY TEACHING FARM WHICH OPENED THEIR EYES TO THE RELEVANCE OF AGRICULTURE AND INTEGRATED PEST MANAGEMENT.

Program 2
Expenses: $63,500

SCHOLARS WERE ASSIGNED ROLE MODELS TO ASSIST IN NAVIGATING HIGHER EDUCATION OR ENTERING THE WORKFORCE. THREE HUNDRED AND FIFTY DOLLAR ($350.00) STIPENDS WERE AWARDED TO EACH SCHOLAR FOR THEIR...

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SCHOLARS WERE ASSIGNED ROLE MODELS TO ASSIST IN NAVIGATING HIGHER EDUCATION OR ENTERING THE WORKFORCE. THREE HUNDRED AND FIFTY DOLLAR ($350.00) STIPENDS WERE AWARDED TO EACH SCHOLAR FOR THEIR COMMITMENT AND DEDICATION TO COMPLETING THE THREE-WEEK ENDEAVOR AND COLLEGE SCHOLARSHIPS WERE AWARD TO THE MOST OUTSTANDING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,545
Program Service Revenue $286,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $289,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $270,165
Other Expenses $270,165
TOTAL EXPENSES $270,165

Year-over-Year Comparison

2022 2021 Change
Revenue $289,545 $272,350 +0.1%
Expenses $270,165 $228,550 +0.2%
Net Income $19,380 $43,800 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

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

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
4
$28,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES WOODS PRESIDENT 0.00
Officer
$28,000 $0 $28,000
BRIAN C WOODS DIRECTOR 0.00
Officer
$0 $0 $0
COURTNEY C WOODS DIRECTOR 0.00
Officer
$0 $0 $0
WENDY A WOODS SECRETARY TREASURER 0.00
Officer
$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
2022 $289,545 $270,165 $73,629 $19,380
2021 $272,350 $228,550 $54,250 $43,800
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