Woodstock Institute
Woodstock Institute
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About this organization
Mission
Woodstock Institute seeks a just society where everyone has an equal opportunity to achieve economic security and community prosperity. Our mission is to create a just financial system in which lower-income communities and people of color can safely and sustainably borrow, save, and build wealth.
About
Safe & affordable financial products services and systems: Woodstock conducts research, public education, advocacy, and community mobilization to expand economic opportunities and security for low-wage workers, low-wealth people and communities of color through access to safe and affordable financial products and services, access to consumer, mortgage and small business credit, opportunities to build or re-build good credit histories and scores, and investments in underserved communities. Deregulation and risky lending practices caused the financial and foreclosure crisis, which disproportionately affected people and communities of color. Woodstock develops research reports, policy proposals, model regulations, and advocacy campaigns to educate the public and policymakers regarding financial reform and consumer protection issues. For example, Woodstock works with advocates and regulators to enforce the Community Reinvestment Act, supports financial reform initiatives, and participates in the consumer protection rule-making process at the Consumer Financial Protection Bureau.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “To create a just financial system in which lower-wealth persons and communities and people and communities of color can achieve economic security and community prosperity.”.
When detailing its duties, they were outlined as: “To create a just financial system in which lower-wealth persons and communities and people and communities of color can achieve economic security and community prosperity.”.
- The state in which the non-profit is legally permitted to operate is IL.
- The address of the non-profit for 2020 according to the filing is 67 E MADISON NO 2108, CHICAGO, IL, 60603.
- The non-profit's form for the year 2020 reports a total of 7 employees on their payroll.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $88,747.
- The organization has 14 independent voting members.
- The organization was formed in 1977.
- The organization pays $672,857 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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