Woods Foundation

Lincoln, IL
Tax-exempt since Jan. 1998
EIN: 36-4196899

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Crime, Legal-Related / Crime Prevention N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.03M (2024)

Expenses

$920k (2024)

Total Assets

$15.8M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,030,112

Expenses

$919,715

Net Income

$110,397

Net Assets

$15,775,856

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,036	1.8%
Dividends	$441,926	42.9%
Sales of Assets	$465,082	45.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$816,470	88.8%
Compensation of Officers*	$40,000	4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,775,856
Total Liabilities	$0
Net Assets	$15,775,856

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0
Christy Cross (Director)	$4,000	$0
David L Golwitzer (Sec./Treas.)	$0	$0

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990-PF

Filed on May 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$689,583

Expenses

$899,147

Net Income

-$209,564

Net Assets

$15,665,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,611	0.8%
Dividends	$308,098	44.7%
Sales of Assets	$253,700	36.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$802,630	89.3%
Compensation of Officers*	$36,000	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,665,459
Total Liabilities	$0
Net Assets	$15,665,459

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$0	$0

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990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$846,480

Expenses

$980,288

Net Income

-$133,808

Net Assets

$15,885,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,421	0.2%
Dividends	$296,448	35.0%
Sales of Assets	$399,267	47.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$877,380	89.5%
Compensation of Officers*	$36,000	3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,885,474
Total Liabilities	$0
Net Assets	$15,885,474

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$0	$0

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990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$1,294,401

Expenses

$703,229

Net Income

$591,172

Net Assets

$16,008,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,368	0.1%
Dividends	$692,136	53.5%
Sales of Assets	$468,979	36.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,904	84.6%
Compensation of Officers*	$36,000	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,009,690
Total Liabilities	$859
Net Assets	$16,008,831

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$0	$0

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990-PF

Filed on May 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$997,252

Expenses

$605,390

Net Income

$391,862

Net Assets

$15,417,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,106	0.2%
Dividends	$305,621	30.6%
Sales of Assets	$602,041	60.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$520,104	85.9%
Compensation of Officers*	$36,000	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,417,801
Total Liabilities	$142
Net Assets	$15,417,659

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$0	$0

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990-PF

Filed on June 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$1,029,108

Expenses

$967,684

Net Income

$61,424

Net Assets

$15,025,629

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,384	0.4%
Dividends	$410,711	39.9%
Sales of Assets	$536,147	52.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$886,246	91.6%
Compensation of Officers*	$48,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,025,630
Total Liabilities	$1
Net Assets	$15,025,629

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on June 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,316,091

Expenses

$1,451,536

Net Income

-$135,445

Net Assets

$14,962,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,273	0.2%
Dividends	$409,951	31.1%
Sales of Assets	$811,084	61.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,366,803	94.2%
Compensation of Officers*	$48,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,962,949
Total Liabilities	$0
Net Assets	$14,962,949

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on May 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$995,042

Expenses

$921,095

Net Income

$73,947

Net Assets

$15,098,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,054	0.3%
Dividends	$351,606	35.3%
Sales of Assets	$560,474	56.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$829,831	90.1%
Compensation of Officers*	$48,000	5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,098,439
Total Liabilities	$45
Net Assets	$15,098,394

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on May 8, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$908,651

Expenses

$860,434

Net Income

$48,217

Net Assets

$15,024,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,439	0.3%
Dividends	$334,502	36.8%
Sales of Assets	$489,962	53.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$772,503	89.8%
Compensation of Officers*	$48,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,024,447
Total Liabilities	$0
Net Assets	$15,024,447

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on May 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,164,792

Expenses

$853,476

Net Income

$311,316

Net Assets

$14,976,230

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,950	0.3%
Dividends	$324,115	27.8%
Sales of Assets	$755,457	64.9%
Other Income	$9,524	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$759,225	89.0%
Compensation of Officers*	$48,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,981,088
Total Liabilities	$4,858
Net Assets	$14,976,230

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on May 5, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$899,761

Expenses

$809,308

Net Income

$90,453

Net Assets

$14,664,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,375	0.4%
Dividends	$363,770	40.4%
Sales of Assets	$436,870	48.6%
Other Income	$4,303	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$719,849	88.9%
Compensation of Officers*	$48,000	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,674,328
Total Liabilities	$9,649
Net Assets	$14,664,679

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on April 30, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$728,041

Expenses

$1,019,725

Net Income

-$291,684

Net Assets

$14,574,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,628	0.5%
Dividends	$268,786	36.9%
Sales of Assets	$364,482	50.1%
Other Income	$3,623	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$944,327	92.6%
Compensation of Officers*	$48,000	4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,575,182
Total Liabilities	$956
Net Assets	$14,574,226

Compensation

Key Employees and Officers	Compensation	Other
William B Bates (President)	$12,000	$0
William B Bates Jr (Director)	$12,000	$0
David L Golwitzer (Sec./Treas.)	$12,000	$0
Christopher L Golwitzer (Director)	$12,000	$0

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990-PF

Filed on April 23, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$621,555

Expenses

$1,365,352

Net Income

-$743,797

Net Assets

$14,865,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,946	0.5%
Dividends	$368,198	59.2%
Sales of Assets	$172,659	27.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,293,129	94.7%
Compensation of Officers*	$48,000	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,865,910
Total Liabilities	$1
Net Assets	$14,865,909

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$649,727

Expenses

$1,038,790

Net Income

-$389,063

Net Assets

$15,609,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,271	0.8%
Dividends	$344,826	53.1%
Sales of Assets	$209,467	32.2%
Other Income	$119	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$961,483	92.6%
Compensation of Officers*	$48,000	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,609,831
Total Liabilities	$124
Net Assets	$15,609,707

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Woods Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.03M (2024)

Expenses $920k (2024)

Total Assets $15.8M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.03M (2024)

Expenses

$920k (2024)

Total Assets

$15.8M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

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2009

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