Goodwin Meissner Family Foundation Inc
- Assets
- $5.7m
- Revenue
- $675.7k
- Investments
- $5.5m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2352603
The information for Goodwin Meissner Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Pennington, NJ. It has been in existence for 6 years, following its founding in 2015.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Goodwin Meissner Family Foundation Inc is a philanthropic organization focused on education. Its NTEE code is B82, indicating that it falls under the category of Scholarships & Student Financial Aid. The foundation's main goal is to provide financial assistance to students in need, helping them cover their educational and living expenses while in school. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which includes organizations engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.
Grant History
Our dataset includes three years of grant history for the Goodwin Meissner Family Foundation Inc. Over the course of those three years, they have awarded a total of 96 grants, with an average check size of $10,284. The foundation has a particularly strong focus on the Education sector, with 49 grants awarded in that area. They also awarded grants in the Community Improvement & Capacity Building sector (4) and the Youth Development sector (3). In terms of geographical distribution, the foundation primarily awards grants in North Carolina (56), followed by Virginia (8), South Carolina (6), and Tennessee (4). They also awarded grants in several other states, including Pennsylvania (3), Kentucky (3), and California (3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Goodwin Chairman | 2 | $0 | |
Todd Meissner VP Operations | 2 | $0 | |
Laura D Meissner President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,989 |
| Capital Gain Net Income | $411,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,545 |
| Total Revenue | $675,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,504 |
| Total operating and administrative expenses | $69,694 |
| Contributions, gifts, grants paid | $255,994 |
| Total expenses and disbursements | $325,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,349 |
| Savings and temporary cash investments | $216,845 |
| 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 | $758,719 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,668,933 |
| 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, Goodwin Meissner Family Foundation Inc has awarded $255,994 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
UNC GREENSBORO PURPOSE: UNRESTRICTED GENERAL | $37,250 |
UNC AT CHAPEL HILL PURPOSE: UNRESTRICTED GENERAL | $37,000 |
Raleigh, NC PURPOSE: UNRESTRICTED GENERAL | $36,250 |
APPALACHIAN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $29,144 |
UNC AT CHARLOTTE PURPOSE: UNRESTRICTED GENERAL | $28,100 |
Boone, NC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |