2016-07-11T06:43:22-07:00 2015-12-31 FSW&B CPAs PLLC 205 W Mc Elroy Stillwater OK 74075 990 2015-01-01 731456501 Woodward Community Foundation WOOD 5802567411 1006 Oklahoma Avenue Woodward OK 73801 CJ Montgomery Treasurer 2016-07-11 true ERICKA BEATY CPA P01075470 4056249500 2015 2016-09-27 15:27:22Z 506398 false false X N/A To support community activities. 9 9 0 0 0 597374 506346 259 52 0 597633 506398 0 0 0 0 0 704622 541397 704622 541397 -106989 -34999 255301 209904 11106 706 244195 209198 To support community activities. false false 536397 Supported and promoted community activities 536397 true true false false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 13 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 9 9 false false false false false false false true false false false false true false false false false false false false X Woodward Community Foundation 5802567411 1006 Oklahoma Avenue Woodward OK 73801 X Cole Myers President 0.00 0.00 X 0 0 0 John Meinders Vice President 0.00 0.00 X 0 0 0 CJ Montgomery Treasurer 0.00 0.00 X 0 0 0 Karla Wilson Secretary 0.00 0.00 X 0 0 0 Dwight Hughes Board Member 0.00 0.00 X 0 0 0 Melissa Washmon Board Member 0.00 0.00 X 0 0 0 Leah Barby Board Member 0.00 0.00 X 0 0 0 Destiny Howard Vice President 0.00 0.00 X 0 0 0 David Borzik Board Member 0.00 0.00 X 0 0 0 0 false false false 0 0 Program Service Revenue 506346 506346 506346 52 52 0 0 0 0 0 0 0 0 506398 506398 X 0 0 0 0 0 0 0 0 0 0 5000 5000 0 0 0 0 0 0 2000 2000 0 0 0 0 0 0 0 0 0 10610 10610 3728 3728 Trophies & Awards 325717 325717 Tri State Oil & Gas Convention 60232 60232 Tornado Relief 37438 37438 Lights, Cords, & Cables 18628 18628 78044 78044 541397 536397 5000 0 235231 165676 11640 11693 0 1250 0 0 0 0 0 1877 1462 53031 21959 5303 31072 0 0 0 0 1 255301 209904 11106 706 11106 706 X 244195 209198 244195 209198 255301 209904 X -34999 2 X true X false true false X 283219 1010773 450574 531170 445634 2721370 33786 35409 34380 38624 36752 178951 0 0 0 317005 1046182 484954 569794 482386 2900321 0 0 2900321 142 194 222 259 52 869 0 142 194 222 259 52 869 0 15002 12801 7980 27580 23960 87323 332149 1059177 493156 597633 506398 2988513 0.97050 0.97240 0.00030 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53031 21959 31072 31072 X Part X : FIN48 Footnote The Woodward Community Foundation is a not-for-profit corporation organized under the laws of the State of Oklahoma and is exempt under Section 501(c)(3)of the Internal Revenue Code. As such, no provision has been made for federal or state income taxes. Both organizations are required to file and information return, IRS Form 990. In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (currently FASB Accounting Standards Codification (ASC)740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related income taxes. The Chamber evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax posistion for all uncertain tax positions in the aggregate could differ from the amount recognized. The Chamber does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements.Federal and state income tax statutes dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Chamber has no open examination with either the Internal Revuenue Service or state taxing authorities. The Chamber's policy is to record any income tax related penalites and interest incurred as operating expense. There were no income tax related penalites or interest included in the accompanying financial statements. Form 990, Part VI, Line 11b: Form 990 Review Process The governing body will review the Form 990 either prior to or after it is filed. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents are available to the public. Form 990, Part IX, Line 24e: Other Expenses A Christmas Tradition: Column (A) - Total = $25; Column (B) - Program Services = $25; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Bridges Out of Poverty: Column (A) - Total = $2985; Column (B) - Program Services = $2985; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Bud Nelson Scholarship Fund: Column (A) - Total = $5250; Column (B) - Program Services = $5250; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Building/Carport: Column (A) - Total = $4718; Column (B) - Program Services = $4718; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Centenial Park HndCp Playgroun: Column (A) - Total = $300; Column (B) - Program Services = $300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Children's Arena of Services: Column (A) - Total = $578; Column (B) - Program Services = $578; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Contract Labor: Column (A) - Total = $17659; Column (B) - Program Services = $17659; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Friends of Histroic Ft. Supply: Column (A) - Total = $14656; Column (B) - Program Services = $14656; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Jr. Senator Reading Program: Column (A) - Total = $7311; Column (B) - Program Services = $7311; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Judge & Show Expenses: Column (A) - Total = $4949; Column (B) - Program Services = $4949; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Leadership WW Class: Column (A) - Total = $25; Column (B) - Program Services = $25; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Miscellaneous: Column (A) - Total = $8205; Column (B) - Program Services = $8205; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Resale Items: Column (A) - Total = $6184; Column (B) - Program Services = $6184; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Sales Tax: Column (A) - Total = $706; Column (B) - Program Services = $706; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SPRS Field Day: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Supplies: Column (A) - Total = $1584; Column (B) - Program Services = $1584; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Woodward School Asbestos Abate: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses WW Gear Up: Column (A) - Total = $2909; Column (B) - Program Services = $2909; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Other Changes In Net Assets Or Fund Balances - Other Increases ROUNDING = $2