Goodworks 18 Foundation
- Assets
- $20.0m
- Revenue
- $1.5m
- Investments
- $19.9m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2405355
Organization Overview
Goodworks 18 Foundation is located in Montvale, NJ. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Goodworks 18 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, Goodworks 18 Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Goodworks 18 Foundation has awarded 12 individual grants totaling $10,045,068. 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 |
|---|---|---|---|
Hadas Neustadter Director | 0 | $0 | |
Malka Neustadter President | 8 | $39,600 | |
Joshua Itamar Neustadter Treasurer And Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,604 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,458,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,368 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,462,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100,678 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,026 |
| Total operating and administrative expenses | $230,804 |
| Contributions, gifts, grants paid | $3,373,209 |
| Total expenses and disbursements | $3,604,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,449 |
| 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 | $19,964,916 |
| 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, Goodworks 18 Foundation has awarded $3,373,209 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEF ISRAEL ENDOWNMWNT FUNDS PURPOSE: CHARITABLE FUND | $1,170,959 |
FIDELITY CHARITABLE GIFT FUND PURPOSE: CHARITABLE FUND | $2,202,250 |