Grace L Woodward Memorial Endowment Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Grace L Woodward Memorial Endowment Trust is a 501(c)(3) organization based in Abilene, Texas, registered in 1997, with $1,402,441 in FY2024 revenue. CharityIndex grades it D.
Box 29139, Abilene, TX, 79699 EIN 75-2700815 Since 1997
Revenue (FY2024)
$1.4M
▲ 7.9% vs prior year
Expenses (FY2024)
$2.1M
Net assets
$48.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Grace L Woodward Memorial Endowment Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating280 mo reserves · -47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace L Woodward Memorial Endowment Trust: 280 mo reserves · -47% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Grace L Woodward Memorial Endowment Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace L Woodward Memorial Endowment Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $406K (FY2013) to $1.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $48.0M
Operating margin
-46.9%
Spent more than it raised in the latest fiscal year.
Total assets
$48.0M
Total liabilities
$0
Net assets
$48.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,402,441▲7.9% | $2,060,002▲3.9% | $48,016,370▲3.6% | $48,016,370▲3.6% | 990 |
| 2023 | $1,299,484▲9.5% | $1,983,390▲5.6% | $46,356,768▲2.4% | $46,356,768▲2.4% | 990 |
| 2022 | $1,186,387▲8.1% | $1,877,646▲7.0% | $45,274,814▼2.3% | $45,274,814▼2.3% | 990 |
| 2021 | $1,097,374▲10.8% | $1,754,804▲7.0% | $46,336,469▲1.9% | $46,336,469▲1.9% | 990 |
| 2020 | $990,032▲43.1% | $1,640,008▲0.4% | $45,460,660▲40.4% | $45,460,660▲40.4% | 990 |
| 2019 | $691,834▼5.3% | $1,633,397▲0.5% | $32,383,275▼9.0% | $32,383,275▼9.0% | 990 |
| 2018 | $730,341▲4.2% | $1,625,626▲4.5% | $35,604,858▼4.5% | $35,604,858▼4.5% | 990 |
| 2017 | $700,798▲27.7% | $1,556,257▲1.9% | $37,301,077▲11.8% | $37,301,077▲11.8% | 990 |
| 2016 | $548,990▲33.4% | $1,526,518▼1.1% | $33,355,192▲9.5% | $33,355,192▲9.5% | 990 |
| 2015 | $411,472▼11.5% | $1,544,033▲1.4% | $30,452,285▼9.9% | $30,452,285▼9.9% | 990 |
| 2014 | $465,046▲14.5% | $1,522,021▲0.9% | $33,795,667▲0.7% | $33,795,667▲0.7% | 990 |
| 2013 | $406,179 | $1,508,975 | $33,560,093 | $33,560,093 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Grace L Woodward Memorial Endowment Trust a legitimate nonprofit?
- Yes. Grace L Woodward Memorial Endowment Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2700815, based in Abilene, Texas. Donations are tax-deductible.
- What is Grace L Woodward Memorial Endowment Trust's EIN?
- Grace L Woodward Memorial Endowment Trust's Employer Identification Number (EIN) is 75-2700815.
- How much revenue does Grace L Woodward Memorial Endowment Trust report?
- Grace L Woodward Memorial Endowment Trust reported $1,402,441 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Grace L Woodward Memorial Endowment Trust have?
- CharityIndex grades Grace L Woodward Memorial Endowment Trust D, based on financial health (reserves and operating margin).
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Data for Grace L Woodward Memorial Endowment Trust (EIN 75-2700815) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.