Melvin R Goodes Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $613.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 22-3513671
Organization Overview
Melvin R Goodes Family Foundation Inc is located in Palm Beach, FL. The organization was established in 1999. 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. Melvin R Goodes Family 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 12/2022, Melvin R Goodes Family Foundation Inc generated $613.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $482.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Melvin R Goodes Family Foundation Inc has awarded 125 individual grants totaling $2,571,768. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin R Goodes President | 0 | $0 | |
Nancy Goodes Secretary | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,800 |
| Interest on Savings | $317 |
| Dividends & Interest | $16,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,503 |
| Capital Gain Net Income | $302,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $613,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,584 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,529 |
| Total operating and administrative expenses | $8,383 |
| Contributions, gifts, grants paid | $473,750 |
| Total expenses and disbursements | $482,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,199 |
| 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 | $1,581,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,867,705 |
| 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, Melvin R Goodes Family Foundation Inc has awarded $473,750 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FDN PURPOSE: CHARITABLE | $8,500 |
CHAMBER MUSIC SOCIETY OF PALM BEACH PURPOSE: CHARITABLE | $10,000 |
NORTON MUSEUM OF ART PURPOSE: CHARITABLE | $25,000 |
UNIVERSITY OF DAYTON PURPOSE: CHARITABLE | $500 |
TIKVA CHILDRENS HOME PURPOSE: CHARITABLE | $10,000 |
ACADEMY OF THE HOLY CROSS PURPOSE: CHARITABLE | $500 |