EIN 36-2907408

Woodstock Institute

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1977
Most recent tax filings
2022-12-01
Description
Woodstock Institute strives to create a just financial system that empowers lower-wealth persons and communities of color to achieve economic security and community prosperity. The organization produces research on the negative impact of financial products and practices on these groups, develops model reforms, and advocates for equitable lending and investment. Additionally, Woodstock uses innovative research to identify barriers to wealth creation for low-wealth individuals and communities, engaging in coalition building and advocacy to promote equitable policies.
Total revenues
$1,513,506
2022
Total expenses
$1,438,243
2022
Total assets
$1,345,374
2022
Num. employees
10
2022

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

GranteeGrant descriptionAmount
Chicago Urban LeagueSubgrantee$51,907
New AmericaSubgrantee$43,760

Who funds Woodstock Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Financial Health$400,000
The Chicago Community TrustSupport 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 FoundationGeneral Operating Support$65,000
...and 9 more grants received

Personnel at Woodstock Institute

NameTitleCompensation
Horacio MendezPresident$146,124
Brent AdamsSenior Vice President, Policy and Communications
Barbara Lacker -WareDirector of Development
Spencer CowanDirector of Research
Beverly BerryhillOffice Manager
...and 8 more key personnel

Financials for Woodstock Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,509,502
Program services$0
Investment income and dividends$4,004
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,513,506

Form 990s for Woodstock Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-11990View PDF
2021-122022-08-11990View PDF
2020-122021-09-10990View PDF
2019-122021-04-01990View PDF
2018-122020-02-05990View PDF
...and 8 more Form 990s
Data update history
October 23, 2023
Received grants
Identified 4 new grant, including a grant for $350,000 from The Chicago Community Trust
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 6 new grant, including a grant for $65,000 from Grand Victoria Foundation
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/ 
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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