WOODS PROMISE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WOODS PROMISE INC (EIN 45-5405958)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-10
IRS object ID
202331309349303763
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-10T13:50:44-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN631056105PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1INTERURBAN TAX SERVICEBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15006 GARY AVENUEAddressLine1Txt
CityFairfieldCityNm
State AbbreviationALStateAbbreviationCd
ZIP35064ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455405958EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WOODS PROMISE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWOODBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2370AddressLine1Txt
CityALABASTERCityNm
State AbbreviationALStateAbbreviationCd
ZIP350070000ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES WOODSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2023-05-10SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLESPersonFirstNm
Person LastWOODSPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSIDNEY O BREWERPreparerPersonNm
PTINP00320695PTIN
Phone2052832194PhoneNum
Preparation2023-05-10PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$289,545GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateALLegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$3,545CYContributionsGrantsAmt
PY Program Service Revenue$272,350PYProgramServiceRevenueAmt
CY Program Service Revenue$286,000CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$272,350PYTotalRevenueAmt
CY Total Revenue$289,545CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$34,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$194,550PYOtherExpensesAmt
CY Other Expenses$270,165CYOtherExpensesAmt
PY Total Expenses$228,550PYTotalExpensesAmt
CY Total Expenses$270,165CYTotalExpensesAmt
PY Revenues Less Expenses$43,800PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$19,380CYRevenuesLessExpensesAmt
Total Assets BOY$54,250TotalAssetsBOYAmt
Total Assets EOY$73,629TotalAssetsEOYAmt
Total Liabilities BOY$10,450TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,100TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$43,800NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$63,529NetAssetsOrFundBalancesEOYAmt
MissionTO 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$206,665ExpenseAmt
DescCONDUCTED 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$63,500ExpenseAmt
DescSCHOLARS 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$270,165TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document37IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonWENDY A WOODSPersonNm
Phone2055679378PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2370AddressLine1Txt
CityALABASTERCityNm
State AbbreviationALStateAbbreviationCd
ZIP350070000ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHARLES WOODS
PRESIDENT0.000.00Yes (X)$28,000$0$0
BRIAN C WOODS
DIRECTOR0.000.00Yes (X)$0$0$0
COURTNEY C WOODS
DIRECTOR0.000.00Yes (X)$0$0$0
WENDY A WOODS
SECRETARY TREASURER0.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$28,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$3,545AllOtherContributionsAmt
Total Contributions$3,545TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSTEM EDUCATIONAL CAMPDesc
Business611710BusinessCd
Total Revenue Column$286,000TotalRevenueColumnAmt
Related Or Exempt Func Income$286,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$286,000TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$289,545TotalRevenueColumnAmt
Related Or Exempt Func Income$286,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$44,500TotalAmt
Program Services$44,500ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,500TotalAmt
Program Services$1,500ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,048TotalAmt
Program Services$3,048ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
INSTRUCTORS$50,135$50,135
STUDENT SCHOLARS SUPPORT$59,500$59,500
EDUCATIONAL EQUIP SUPPLIES$18,199$18,199
MEAL DURING CAMP$25,432$25,432

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$67,851TotalAmt
Program Services$67,851ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$270,165TotalAmt
Program Services$270,165ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$54,250BOYAmt
EOY$73,629EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$54,250BOYAmt
EOY$73,629EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$350BOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$10,100BOYAmt
EOY$10,100EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,450BOYAmt
EOY$10,100EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$43,800BOYAmt
EOY$63,529EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$43,800BOYAmt
EOY$63,529EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$54,250BOYAmt
EOY$73,629EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$19,380ReconcilationRevenueExpnssAmt
Prior Period Adjustments$349PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$272,350CurrentTaxYearMinus1YearAmt
Current Tax Year$289,545CurrentTaxYearAmt
Total$561,895TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$272,350CurrentTaxYearMinus1YearAmt
Current Tax Year$289,545CurrentTaxYearAmt
Total$561,895TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$512,524SubstantialContributorsTotAmt
Public Support Total170$49,371PublicSupportTotal170Amt
Total Support$561,895TotalSupportAmt
Public Support CY1700.08790PublicSupportCY170Pct
Public Support PY1700.08370PublicSupportPY170Pct
Private Foundation170Yes (X)PrivateFoundation170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Officer directors etc family relationship Part VI line 2CHARLES AND WENDY WOODS ARE HUSBAND AND WIFE
Form 990 governing body review Part VI line 11A BOARD MEETING WAS HELD IN THE ACCOUNTANTS OFFICE TO REVIEW THE FINANCIAL STATEMENTS AND FEDERAL FORM 990. AFTER REVIEW AND ALL CORRECTIONS MADE, THE PARTIES AGREED TO THE SIGNING AND FILING OF THE RETURN.
Governing documents etc available to public Part VI line 19FEDERAL FORM 990 WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST, OR THRU ONLINE ACCESS FROM GOLDSTAR OR IRS WEBSITE.
List of other expenses Part IX line 24eOTHER EXPENSES AS LISTED ON OVERFLOW SHEET

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