The Woodstock Foundation Inc
Nonprofit profile at a glance
- EIN
- 030221142
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Woodstock, VT, USA
- Phone
- 8024572355
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $5,536,621
- Expenses
- $8,333,506
- Assets
- $91,865,628
- Liabilities
- $1,555,809
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DAVID M SIMMONS (PRESIDENT)
Highest reported compensation
- DAVID M SIMMONS (PRESIDENT): $281,487 total reported compensation
- MARK LANGLOIS DIRECTOR OF (FINANCE & ADMIN/ASSISTANT TREASURER): $179,563 total reported compensation
- KIMBERLY CARBINEAU (HR DIRECTOR): $132,143 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The woodstock foundation, inc. Promotes conservation, sustainable land use, and heritage as values that are essential to culture, community and the human spirit.
What it reported doing in 2024
The woodstock foundation operates a dairy farm and museum of Vermont's rural heritage in woodstock, Vermont for the benefit of the general public that includes educational programs about past and present farming practices and maintenance of facilities. The farm and museum are open to the public daily april 1 to october 31; weekends and holiday periods nov-feb; school groups anytime by reservations.
Operating model
- Revenue model
- Investment-supported. 64% of the money available for current operations came from recurring investment income.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 84
- Accountability: 83
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 63.2%; rating input score 63
- Fundraising efficiency: $0.68 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.5%; rating input score 98; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -50.5%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 11.02; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 0.8% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 63.2% of spending went to programs
- Governance: 6 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.3M in reported program spending
- Leadership: top reported pay $281K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 2/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.