William P Goldman & Brothers Foundation Inc
- Assets
- $7.5m
- Revenue
- $507.0k
- Investments
- $7.5m
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 12/1952
- Data as of
- 12/2023
- EIN
- 13-6163100
Organization Overview
William P Goldman & Brothers Foundation Inc is located in Arlington, MA. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William P Goldman & Brothers Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, William P Goldman & Brothers Foundation Inc generated $507.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $364.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William P Goldman & Brothers Foundation Inc has awarded 826 individual grants totaling $3,652,960. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Kraines President | 7.5 | $0 | |
Merrill M Kraines Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $317,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,408 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $506,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,224 |
| Total operating and administrative expenses | $21,194 |
| Contributions, gifts, grants paid | $343,390 |
| Total expenses and disbursements | $364,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,110 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,517,206 |
| Accounts payable and accrued expenses | $500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500 |
Grants Awarded
Over the last fiscal year, William P Goldman & Brothers Foundation Inc has awarded $343,390 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
AISH PURPOSE: SUPPORT | $360 |
ALMALINKS PURPOSE: SUPPORT | $500 |
AMERICAN FRIENDS MAGEN DAVID ADOM PURPOSE: SUPPORT | $5,000 |
AMERICAN FRIENDS OF MEIR PANIM PURPOSE: SUPPORT | $2,500 |
AMERICAN ISRAEL EDUCATION FOUNDAIPAC PURPOSE: SUPPORT | $5,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: SUPPORT | $250 |