Greenwood FY2022 filing

South Berwick, MEUnknown exempt organizationEIN 01-0545281Revenue $293K in FY2022

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.

59¢ of each $1 spent went to programs.
$59K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 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
$6K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293K
+62% vs prior year
Spent
$274K
To programs
59%
Net assets
$70K
By yearFY2021–FY2024
Revenue
$293K
FY2022▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2021$181K
FY2022$293K
FY2023$166K
FY2024$155K
Expenses
$274K
FY2022▲ +93%
Tap a bar for its year
Expenses by fiscal year
FY2021$142K
FY2022$274K
FY2023Not on file
FY2024Not on file
Net assets
$70K
FY2022▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2021$52K
FY2022$70K
FY2023$96K
FY2024$95K

From the FY2022 Form 990 (year ending June 2022) · see the original

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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

59 cents of each dollar spent went to programs.

Program services 59% · $163K Management & general 24% · $67K Fundraising 16% · $45K

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

10 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$58,616Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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 · $138K · in their own filed words · FY2021
01

Puerto Rico USFSWood Innovations Project GreenWood created a unique Artisan EcoTour program in Puerto Rico, combining high-level, professional woodworking instruction with a guided ecotour experience.

$75Kprogram expense
02

Honduras USFS International Programs GreenWood trains artisan woodworkersand sawyers in Honduras to make high-quality wood products from legal, well-managed forests. We help provide appropriate tools and provide technical instruction in their efficient operation.

$53Kprogram expense
03

Honduras Artisan Wood Production Greenwood identifies and cultivates potential niche markets for a wide variety of artisan wood products in Honduras, made from legal, well-managed forests. We identify clients, design products, oversee training and quality control and facilitate all aspects of product sales in cllaboration with our local…

$10Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$293K
Ln 12
Gifts and grantsLn 1h$236K
Other incomeLn 4–11$57K
Money outPt IX
$274K
Ln 25
Programscol B$163K
Managementcol C$67K
Fundraisingcol D$45K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$76K
LiabilitiesLn 26$6K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Government grantsLn 1e$80K
Other incomeLn 4–11$57K
Total revenueLn 12$293K
Assets in detailPt X, end of year
CashLn 1$76K
Cash and savings togetherLn 1–2$76K
Total assetsLn 16$76K
LiabilitiesLn 26$6K
Net assetsLn 32$70K
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 FY22End FY22
Cash and savingsLn 1–2$82K$76K
Total assetsLn 16$82K$76K
LiabilitiesLn 26$32K$6K
Net assetsLn 32$51K$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$43K$43K
Benefits paid to or for membersLn 4$8K$8K
Pay of current officers, directors and key staffLn 5$74K$37K$22K$15K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$10K$5K$3K$2K
Management feesLn 11a$0
Legal feesLn 11b$3K$2K$900$613
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$58K$29K$17K$12K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$1K$700$400
Information technologyLn 14$4K$2K$1K$887
RoyaltiesLn 15$0
OccupancyLn 16$1K$600$400$250
TravelLn 17$10K$5K$3K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$60K$30K$18K$12K
All other expensesLn 24e$0
Total functional expensesLn 25$274K$163K$67K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $155K$95K 990 PDF
FY2023 $166K$96K 990 PDF
FY2022 Viewing $293K$274K$19K$70K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $293,411 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $156,394$236,011
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $24,734$57,400
I-12 Total revenuePrior year $181,128$293,411
I-13 Grants and similar amounts paidPrior year $10,960$42,649
I-14 Benefits paid to members$8,476
I-15 Salaries and benefitsPrior year $89,809$83,967
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $41,522$138,978
I-18 Total expensesPrior year $142,291$274,070
I-19 Revenue less expensesPrior year $38,837$19,341
Part VI · Governance 8 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
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 $293,411 across 5 lines filed
Lines not itemized here account for $32,866 of total revenue; see the IRS return.
VIII-1e Government grants$80,237
VIII-1f All other contributions, gifts and grants$155,774
VIII-1h Total contributions, gifts and grants$236,011
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$24,534
VIII-12 Total revenue$293,411
Part IX · Statement of functional expenses $274,070 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $42,649$42,649
IX-4 Benefits paid to or for membersPrograms $8,476$8,476
IX-5 Pay of current officers, directors and key staffPrograms $37,000 · Management $22,200 · Fundraising $14,751$73,951
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,000 · Management $3,000 · Fundraising $2,016$10,016
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,500 · Management $900 · Fundraising $613$3,013
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $29,100 · Management $17,400 · Fundraising $11,634$58,134
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,100 · Management $700 · Fundraising $400$2,200
IX-14 Information technologyPrograms $2,000 · Management $1,200 · Fundraising $887$4,087
IX-15 Royalties$0
IX-16 OccupancyPrograms $600 · Management $400 · Fundraising $250$1,250
IX-17 TravelPrograms $5,100 · Management $3,000 · Fundraising $2,067$10,167
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $30,100 · Management $18,100 · Fundraising $11,927$60,127
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $162,625 · Management $66,900 · Fundraising $44,545$274,070
Part X · Balance sheet $75,624 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $82,493$75,624
X-16 Total assetsStart of year $82,493$75,624
X-25 Other liabilitiesStart of year $31,785$5,575
X-26 Total liabilitiesStart of year $31,785$5,575
X-27 Net assets without donor restrictionsStart of year $11,871$55,049
X-28 Net assets with donor restrictionsStart of year $38,837$15,000
X-32 Total net assets or fund balancesStart of year $50,708$70,049
X-33 Total liabilities and net assetsStart of year $82,493$75,624
Part XI · Reconciliation of net assets $70,049 net assets at year end
XI-1 Total revenue$293,411
XI-2 Total expenses$274,070
XI-3 Revenue less expenses$19,341
XI-4 Net assets at start of year$50,708
XI-10 Net assets at end of year$70,049

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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