Program areas at Woodstock Institute
Technical assistance/Small business
Wealth creation and preservation: Woodstock uses innovative research to identify barriers to and opportunities for wealth creation for low-wealth persons and communities, and engages in coalition building and advocacy to expand policies that promote equitable wealth creation. For example, Woodstock conducted research on the extent of retirement security in Illinois and collaborated with the Illinois asset building group to persuade Illinois to create a first-ever state program for employment-based retirement savings plans to save through automatic enrollment and payroll deduction into a Roth IRA, with the ability to opt out.
Equitable lending & investment: Woodstock produces research on the often predatory and disproportionate impact of financial products and practices on low-wage workers, low-wealth people and communities of color, develops model reforms, and advocates with regional stakeholders for consumer protections and fair rates for mortgage and consumer credit. For example, Woodstock played a critical leadership role in eliminating many of the short-term credit industry's worst practices in Illinois with the passage of HB537, which included all of the key consumer protections identified in Woodstock's substantial body of consumer credit research. That law caps rates for short-term credit products, prevents the cycle of debt caused by frequent refinancing, and gives regulators the tools necessary to identify predatory practices before they become widespread. At the federal level, Woodstock works to ensure that the lending and consumer laws and rules apply to the widest possible range of products and effectively protect consumers, low-wage workers and small business owners before industry abuses become widespread. Woodstock's goals are to reduce the number of consumers using predatory credit products and the level of debt held by low-wealth people, and to help lower-wealth people and communities of color build and preserve wealth.
Grants made by Woodstock Institute
Who funds Woodstock Institute
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
JP Morgan Chase Foundation | 2022-12 | In Support of Financial Health | $400,000 |
The Chicago Community Trust | 2022-09 | Support To Improve Access To Services and Affordable Products That Allow Low-Income Families in Chicago To Maintain Financial Health. in Support of the Predatory Lending Project for General Operating Support, From the Searle Funds at the Chicago Community Trust. | $350,000 |
Grand Victoria Foundation | 2022-12 | General Operating Support | $65,000 |
...and 9 more grants received |
Personnel at Woodstock Institute
Name | Title | Compensation | Date of data |
---|
Horacio Mendez | President | $146,124 | 2023-07-11 |
Brent Adams | Senior Vice President, Policy and Communications | | 2022-08-27 |
Barbara Lacker -Ware | Director of Development | | 2022-08-27 |
Spencer Cowan | Director of Research | | 2022-08-27 |
Beverly Berryhill | Office Manager | | 2022-08-27 |
...and 8 more key personnel |
Financials for Woodstock Institute
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $1,509,502 | $978,551 | 54.3% |
Program services | $0 | $0 | - |
Investment income and dividends | $4,004 | $755 | 430.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $1,513,506 | $979,306 | 54.5% |
Organizations like Woodstock Institute
Organization | Type | Location | Revenue |
---|
Arkansas Advocates for Children and Families (AACF) | 501(c)(3) | Little Rock, AR | $1,714,076 |
Jewish Community Relations Council of Minnesota and the Dakotas | 501(c)(3) | Minneapolis, MN | $2,241,245 |
Inclusive Communities | 501(c)(3) | Omaha, NE | $2,207,214 |
Louisiana Family Forum | 501(c)(3) | Baton Rouge, LA | $465,967 |
Latinojustice Prldef | 501(c)(3) | New York, NY | $4,391,713 |
Salvation and Social Justice A NJ Nonprofit Corporation | 501(c)(3) | Trenton, NJ | $1,953,575 |
Equality Alliance of San Diego | 501(c)(3) | San Diego, CA | $7,418,582 |
Coalition on Human Needs | 501(c)(3) | Washington, DC | $815,506 |
Nebraska Appleseed | 501(c)(3) | Lincoln, NE | $3,665,432 |
Jcrbajc | 501(c)(3) | Overland Park, KS | $494,171 |
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 17, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Social advocacy organizationsHuman rights organizationsCivil rights and social justice organizationsCharities
Issues
Human rights
Characteristics
Political advocacyLobbyingFundraising eventsCommunity engagement / volunteeringTax deductible donations
General information
- Address
- 67 E Madison 2108
- Chicago, IL 60603
- Metro area
- Chicago-Naperville-Elgin, IL-IN-WI
- Website URL
- woodstockinst.org/Â
- Phone
- (312) 368-0310
IRS details
- EIN
- 36-2907408
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1977
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- R20: Civil Rights, Advocacy for Specific Groups
- NAICS code, primary
- 813319: Social Advocacy Organizations
- Parent/child status
- Independent
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