Greenwood FY2021 filing

South Berwick, MEUnknown exempt organizationEIN 01-0545281Revenue $181K in FY2021

On file with the IRSgreenwoodglobal.org80 Academy Street · South Berwick, ME

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Promote appropriate woodworking technology and sustainable use of lesser-known tree sepecies.

65¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $29K a year · 12% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$181K
Spent
$142K
To programs
65%
Net assets
$52K
By yearFY2021–FY2024
Revenue
$181K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$181K
FY2022$293K
FY2023$166K
FY2024$155K
Expenses
$142K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$142K
FY2022$274K
FY2023Not on file
FY2024Not on file
Net assets
$52K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$52K
FY2022$70K
FY2023$96K
FY2024$95K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $93K Management & general 22% · $31K Fundraising 13% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$72,184Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Scott Landis$110,215$78,000$58,616$72,184

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes woodworking with sustainable, lesser-known tree species.

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Provided by the organization

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3 programs · $93K · in their own filed words · FY2020
01

Wood Product Sales

Greenwood trains artisans and sawyers to make high-quality guitar parts and other wood products from legal, well-managed forests. We help procure appropriate tools and machinery and provide technical instruction in their eficient installation and operation.

$70Kprogram expense
02

Usfs

Honduras

$22Kprogram expense
03

Usfs

Puerto rico

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$181K
Ln 12
Gifts and grantsLn 1h$156K
Other incomeLn 4–11$25K
Money outPt IX
$142K
Ln 25
Programscol B$93K
Managementcol C$31K
Fundraisingcol D$19K
Owns and owesPt X
$52K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$82K
LiabilitiesLn 26$30K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$156K
Government grantsLn 1e$71K
Other incomeLn 4–11$25K
Total revenueLn 12$181K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Total assetsLn 16$82K
LiabilitiesLn 26$30K
Net assetsLn 32$52K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$60K$82K
Total assetsLn 16$60K$82K
LiabilitiesLn 26$47K$30K
Net assetsLn 32$14K$52K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$11K$11K
Pay of current officers, directors and key staffLn 5$72K$36K$21K$14K
Other employee benefitsLn 9$11K$6K$3K$2K
Payroll taxesLn 10$6K$3K$2K$1K
Accounting feesLn 11c$2K$802$481$321
Office expensesLn 13$2K$742$466$310
Information technologyLn 14$605$302$182$121
OccupancyLn 16$3K$2K$900$600
TravelLn 17$2K$1K$1K
Other expenses (24a–d)Ln 24$32K$32K$606
All other expensesLn 24e$277$242$35
Total functional expensesLn 25$142K$93K$31K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $155K$95K 990 PDF
FY2023 $166K$96K 990 PDF
FY2022 $293K$274K$19K$70K 990 PDF
FY2021 Viewing $181K$142K$39K$52K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $181,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,308$156,394
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $38$0
I-11 Other revenuePrior year $78,133$24,734
I-12 Total revenuePrior year $141,479$181,128
I-13 Grants and similar amounts paidPrior year $6,500$10,960
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $83,354$89,809
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,174$41,522
I-18 Total expensesPrior year $107,028$142,291
I-19 Revenue less expensesPrior year $34,451$38,837
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $181,128 across 5 lines filed
Lines not itemized here account for $4,934 of total revenue; see the IRS return.
VIII-1e Government grants$70,805
VIII-1f All other contributions, gifts and grants$85,589
VIII-1h Total contributions, gifts and grants$156,394
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,800$19,800
VIII-12 Total revenueRelated to mission $24,734 · Unrelated business $0 · Excluded from tax $0$181,128
Part IX · Statement of functional expenses $142,291 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $10,960$10,960
IX-5 Pay of current officers, directors and key staffPrograms $36,434 · Management $21,450 · Fundraising $14,300$72,184
IX-9 Other employee benefitsPrograms $5,618 · Management $3,371 · Fundraising $2,247$11,236
IX-10 Payroll taxesPrograms $3,194 · Management $1,917 · Fundraising $1,278$6,389
IX-11c Accounting feesPrograms $802 · Management $481 · Fundraising $321$1,604
IX-13 Office expensesPrograms $742 · Management $466 · Fundraising $310$1,518
IX-14 Information technologyPrograms $302 · Management $182 · Fundraising $121$605
IX-16 OccupancyPrograms $1,500 · Management $900 · Fundraising $600$3,000
IX-17 TravelPrograms $1,190 · Management $1,189$2,379
IX-24 Other expenses (24a–d)Programs $31,533 · Management $606$32,139
IX-24e All other expensesPrograms $242 · Management $35$277
IX-25 Total functional expensesPrograms $92,517 · Management $30,597 · Fundraising $19,177$142,291
Part X · Balance sheet $82,493 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,107$82,493
X-16 Total assetsStart of year $60,107$82,493
X-25 Other liabilitiesStart of year $46,558$30,107
X-26 Total liabilitiesStart of year $46,558$30,107
X-27 Net assets without donor restrictionsStart of year −$17,083$13,549
X-28 Net assets with donor restrictionsStart of year $30,632$38,837
X-32 Total net assets or fund balancesStart of year $13,549$52,386
X-33 Total liabilities and net assetsStart of year $60,107$82,493
Part XI · Reconciliation of net assets $52,386 net assets at year end
XI-1 Total revenue$181,128
XI-2 Total expenses$142,291
XI-3 Revenue less expenses$38,837
XI-4 Net assets at start of year$13,549
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$52,386

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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