Good Family Foundation
- Assets
- $2.1m
- Revenue
- $446.9k
- Investments
- $1.7m
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 02/1994
- Data as of
- 12/2019
- EIN
- 22-3264985
Organization Overview
Good Family Foundation is located in Madison, NJ. The organization was established in 1994. 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. Good Family 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 12/2019, Good Family Foundation generated $446.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $108.9k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Good Family Foundation has awarded 71 individual grants totaling $390,000. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Diquollo Secretary | 4 | $24,502 | |
Mary Good President | 2 | $0 | |
Billy John Good Vice President | 1 | $0 | |
James P Good Vice President | 1 | $0 | |
Laura Good Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $356,154 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,828 |
| Capital Gain Net Income | $43,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,502 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $26,897 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $108,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $364,763 |
| 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 | $113,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,314 |
| Total assets | $2,108,297 |
| 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, Good Family Foundation has awarded $82,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BRIARPATCH YOUTH SERVICES PURPOSE: GENERAL | $5,000 |
BATON ROUGE YOUTH COALITION PURPOSE: GENERAL | $7,000 |
JUVENILE DIABETES RESEARCH FOUNDATION - WISCONSIN PURPOSE: GENERAL | $5,000 |
GOODMAN ATWOOD COMMUNITY CENTER PURPOSE: GENERAL | $10,000 |
KPFA RADIO PURPOSE: GENERAL | $1,000 |
LITTLE CITY PURPOSE: GENERAL | $3,000 |