Nonprofit · EIN 88-1392167
THE BECAUSE LOGAN WOOD FOUNDATION INC
Tax-exempt · JOHNS ISLAND, SC 29455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ (amended) | $77,943 | $86,064 | -$8,121 | $47,583 | $0 | $47,583 |
| December 31, 2023 | 990-EZ | $91,027 | $57,931 | $33,096 | $55,704 | $0 | $55,704 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $77,943
Expenses
- Grants and similar amounts paid
- $50,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $5,120
- Other expenses
- $30,944
- Program services (functional)
- $50,000
Balance sheet and other
- Total assets, start of year
- $55,704
- Total assets, end of year
- $47,583
- Total liabilities, end of year
- $0
- Net assets, end of year
- $47,583
- Cash, savings and investments
- $47,583
- Gross receipts
- $77,943
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BROOKE C WOOD | PRESIDENT | 5 | $0 |
| KIM AMBROSE | VICE PRESIDENT | 2 | $0 |
| LYLA AMBROSE | SECRETARY | 2 | $0 |
| JESSICA WELENTEICHICK | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BROOKE C WOOD | PRESIDENT | 5 | $0 |
| KIM AMBROSE | VICE PRESIDENT | 2 | $0 |
| LYLA AMBROSE | SECRETARY | 2 | $0 |
| JESSICA WELENTEICHICK | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1596 SAINT JOHNS DR, JOHNS ISLAND, SC 29455-7635
- In care of
- % BROOKE C WOOD
- Signed the 990-EZ
- BROOKE C WOOD, PRESIDENT
- Phone
- (843) 708-8617
- Website
- BECAUSELOGANWOOD.COM
- Return prepared by
- RICHARD B HOMES CPA LLC
Mission
BOATING SAFETY EDUCATION & AWARENESS
Program accomplishments
- FOUNDATION WAS ESTABLISHED TO BRING BOATING SAFETY EDUCATION AND AWARENESS TO PEOPLE IN OUR COMMUNITY. FUNDS RAISED GO TOWARD LIFE TIME SCHOLARSHIPS TO CAMP WOODIE & SCDNR.Expenses $50,000
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 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-1392167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M40)
- Assets (IRS master file)
- $47,583
- Income (IRS master file)
- $77,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $77,943 | $86,064 | $47,583 | XML |
| 990-EZ | December 2023 | $91,027 | $57,931 | $55,704 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
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 88-1392167).
Questions about THE BECAUSE LOGAN WOOD FOUNDATION INC
- What is the EIN of THE BECAUSE LOGAN WOOD FOUNDATION INC?
- The employer identification number (EIN) of THE BECAUSE LOGAN WOOD FOUNDATION INC is 88-1392167.
- Is THE BECAUSE LOGAN WOOD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to THE BECAUSE LOGAN WOOD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BECAUSE LOGAN WOOD 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 THE BECAUSE LOGAN WOOD 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 THE BECAUSE LOGAN WOOD FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of THE BECAUSE LOGAN WOOD FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE BECAUSE LOGAN WOOD FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $77,943, expenses of $86,064 and total assets of $47,583 at year end.
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