Nonprofit · EIN 84-2425708
K WOODS FOUNDATION INC
Tax-exempt · STATEN ISLAND, NY 10304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $106,000 | $100,000 | $6,000 | $6,000 | $0 | $6,000 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $106,000
- of which government grants
- $80,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $62,500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $6,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,000
- Gross receipts
- $106,000
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREEM WOODS | EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $0 |
| TAL JASMIN | CHIEF OPERATIONS ONS OFFICER Trustee or director, Officer | 20 | $0 |
| JOHN MURPHY | DIRECTOR OF RECREATION Trustee or director | 10 | $0 |
| KENAYSHA JACKSON | SECRETARY Trustee or director | 10 | $0 |
| MONIQUE WOODS | PROGRAM DIRECTOR Trustee or director | 10 | $0 |
| JOSEPH SORRENTINO | LEGAL Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1950 CLOVE RD APT 345, STATEN ISLAND, NY 10304-1647
- In care of
- % KAREEM WOODS
- Mailing address (990-N for 2022)
- 1950 Clove Rd Suite 345, Staten Island NY 10304
- Principal officer (990 for 2023)
- KAREEM WOODS, 1950 CLOVE ROAD STE 345, STATEN ISLAND, NY 10304
- Principal officer (990-N for 2022)
- Kareem Woods, 1950 Clove Rd Suite 345, Staten Island NY 10304
- Signed the 990
- KAREEM WOODS, EXECUTIVE DIRECTOR
- Phone
- (646) 773-9295
- Website
- www.k-woodsfoundation.com
- Return prepared by
- Golden Tax Services
Mission
K Woods Foundation Inc is dedicated to youth development and building community through teamwork and leadership. We create opportunities for children and families to build meaningful connections and grow through a steady commitment to health, educational attainment, and human welfare.
Program accomplishments
- Through out the year several programs were provided. Summer youth, holidays food, back to school, Christmas, an annual gala.Expenses $52,500 · grants $52,500 · revenue $25,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2425708
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O51)
- Assets (IRS master file)
- $6,000
- Income (IRS master file)
- $106,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $106,000 | $100,000 | $6,000 | XML |
| 990-N for 2022 Officer: Kareem Woods | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2425708).
Questions about K WOODS FOUNDATION INC
- What is the EIN of K WOODS FOUNDATION INC?
- The employer identification number (EIN) of K WOODS FOUNDATION INC is 84-2425708.
- Is K WOODS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to K WOODS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does K WOODS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of K WOODS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did K WOODS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of K WOODS FOUNDATION INC?
- The 990 for the year ended December 31, 2023 names KAREEM WOODS.
- Who are the officers and directors of K WOODS FOUNDATION INC?
- The 990 for the year ended December 31, 2023 lists 6 people; 0 received compensation from the organization.
- How much revenue does K WOODS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $106,000, expenses of $100,000 and total assets of $6,000 at year end.
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