The Edward J And Myrna K Goodman Foundation
- Assets
- $387.7k
- Revenue
- $105.0k
- Investments
- $338.4k
- Employees
- 0
- Location
- Rydal, PA
- Founding
- 01/1987
- Data as of
- 10/2023
- EIN
- 22-2770994
Organization Overview
The Edward J And Myrna K Goodman Foundation is located in Rydal, PA. The organization was established in 1987. 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. Edward J And Myrna K Goodman Foundation 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 10/2023, Edward J And Myrna K Goodman Foundation generated $105.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $88.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward J And Myrna K Goodman Foundation has awarded 217 individual grants totaling $611,414. 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 |
|---|---|---|---|
Myrna Kgoodman Director | 2 | $0 | |
Hilary Sperling Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,995 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,972 |
| Capital Gain Net Income | $44,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,120 |
| Contributions, gifts, grants paid | $83,900 |
| Total expenses and disbursements | $88,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,218 |
| 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 | $387,667 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The Edward J And Myrna K Goodman Foundation has awarded $83,900 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON ART CENTER PURPOSE: COMMUNITY, ARTS | $250 |
ABINGTON FRIENDS SCHOOL PURPOSE: COMMUNITY, EDUCATION | $25,000 |
ABINGTON HEALTH FOUNDATION PURPOSE: COMMUNITY, RESEARCH | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: COMMUNITY, RESEARCH | $300 |
ABINGTON POLICE ATHLETIC LEAGUE PURPOSE: COMMUNITY | $100 |
BREASTFEEDING RESOURCE CENTER PURPOSE: COMMUNITY | $500 |