Woolwine Family Foundation Trust
Woolwine Family Foundation Trust consistently grows assets with minimal expenses and no officer compensation.
EIN: 207054372 · Collins, MS · NTEE: T22 · Updated: 2026-03-28
Is Woolwine Family Foundation Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woolwine Family Foundation Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woolwine Family Foundation Trust
Woolwine Family Foundation Trust (EIN: 207054372) is a nonprofit organization based in Collins, MS, classified under NTEE code T22. The organization reported total revenue of $386K and total assets of $835K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woolwine Family Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Woolwine Family Foundation Trust with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Woolwine Family Foundation Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Woolwine Family Foundation Trust reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This is highly commendable for an organization of its size, with assets reaching $653,875 in 2023, as it ensures all financial resources are preserved for its charitable activities or endowment growth.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Woolwine Family Foundation Trust:
- Consistent asset growth, from $266,317 in 2011 to $653,875 in 2023.
- Extremely low expense ratio relative to revenue (e.g., $37,111 expenses on $184,576 revenue in 2023).
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- Strong financial health with increasing assets and minimal liabilities ($1 in recent years).
- Regular and consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Woolwine Family Foundation Trust
Is Woolwine Family Foundation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Woolwine Family Foundation Trust (EIN: 207054372) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Woolwine Family Foundation Trust spend its money?
Woolwine Family Foundation Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woolwine Family Foundation Trust tax-deductible?
Woolwine Family Foundation Trust is registered as a tax-exempt nonprofit (EIN: 207054372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Woolwine Family Foundation Trust a good charity?
Yes, the Woolwine Family Foundation Trust appears to be a very good charity, particularly for a private foundation. It demonstrates excellent financial health, consistent asset growth, extremely low administrative expenses, and a complete absence of officer compensation, ensuring maximum resources are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown from $266,317 in 2011 to $653,875 in 2023, and revenue has shown substantial fluctuations but generally an upward trend, with the latest reported revenue at $184,576 in 2023.
What is the foundation's approach to executive compensation?
The foundation has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings. This indicates that its leadership serves without salary, maximizing the funds available for its charitable purpose.
How efficient is the foundation's spending?
The foundation's spending efficiency is exceptionally high. For example, in 2023, with revenue of $184,576, total expenses were only $37,111. This suggests that a very large portion of its income is either retained to grow its assets or directly distributed as grants, with minimal overhead.
Filing History
IRS 990 filing history for Woolwine Family Foundation Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Woolwine Family Foundation Trust's revenue has grown by 206.5%, moving from $60K to $185K. Total assets increased by 145.5% over the same period, from $266K to $654K. Total functional expenses rose by 23388%, from $158 to $37K. In its most recent filing year (2023), Woolwine Family Foundation Trust reported a surplus of $147K, with revenue exceeding expenses. The organization holds $1 in liabilities against $654K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $654K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $37K | $654K | $1 | — | View 990 |
| 2022 | $120K | $50K | $522K | $1 | — | View 990 |
| 2021 | $49K | $49K | $449K | $1 | — | — |
| 2020 | $35K | $35K | $436K | $1 | — | — |
| 2019 | $7K | $7K | $409K | $0 | — | View 990 |
| 2014 | $86K | $62 | $393K | $0 | — | View 990 |
| 2013 | $80K | $95 | $325K | $0 | — | View 990 |
| 2012 | $149K | $233 | $415K | $0 | — | View 990 |
| 2011 | $60K | $158 | $266K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $37K, and assets of $654K (revenue +53.3% year-over-year).
- 2022: Revenue of $120K, expenses of $50K, and assets of $522K (revenue +146.0% year-over-year).
- 2021: Revenue of $49K, expenses of $49K, and assets of $449K (revenue +41.9% year-over-year).
- 2020: Revenue of $35K, expenses of $35K, and assets of $436K (revenue +430.2% year-over-year).
- 2019: Revenue of $7K, expenses of $7K, and assets of $409K (revenue -92.4% year-over-year).
- 2014: Revenue of $86K, expenses of $62, and assets of $393K (revenue +6.9% year-over-year).
- 2013: Revenue of $80K, expenses of $95, and assets of $325K (revenue -46.1% year-over-year).
- 2012: Revenue of $149K, expenses of $233, and assets of $415K (revenue +147.8% year-over-year).
- 2011: Revenue of $60K, expenses of $158, and assets of $266K.
Data Sources and Methodology
This transparency report for Woolwine Family Foundation Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.