Goode Family Foundation
- Assets
- $11.1m
- Revenue
- $3.5m
- Investments
- $10.7m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-1574279
Organization Overview
Goode Family Foundation is located in Norfolk, VA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goode 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 12/2022, Goode Family Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Goode Family Foundation has awarded 151 individual grants totaling $5,374,500. 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 |
|---|---|---|---|
David R Goode Board Member | 5 | $0 | |
Susan S Goode Treasurer | 5 | $0 | |
Shirley C Baldwin Board Member | 5 | $0 | |
Christina L Goode President | 5 | $0 | |
Martha M Goode Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,639,898 |
| Interest on Savings | $17,398 |
| Dividends & Interest | $293,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,536,314 |
| Capital Gain Net Income | $1,536,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,487,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100,496 |
| Total operating and administrative expenses | $120,717 |
| Contributions, gifts, grants paid | $1,286,000 |
| Total expenses and disbursements | $1,406,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,832 |
| 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 | $11,054,236 |
| 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, Goode Family Foundation has awarded $1,286,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CHKD PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $100,000 |
CHRIST & ST LUKE'S EPISCOPAL CHURCH PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $25,000 |
EASTERN VIRGINIA MEDICAL SCHOOL PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $20,000 |
ELIZABETH RIVER PROJECT PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $200,000 |
HOLLINS UNIVERSITY PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $15,000 |
NORFOLK BOTANICAL GARDENS PURPOSE: SUPPORT RECIPIENT'S TAX-EXEMPT PROGRAM | $50,000 |