Goodnight Educational Foundation
- Assets
- $146.7m
- Revenue
- $6.5m
- Investments
- $88.8m
- Employees
- 0
- Location
- Cary, NC
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 56-6533546
Organization Overview
Goodnight Educational Foundation is located in Cary, NC. The organization was established in 2000. 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. Goodnight Educational 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, Goodnight Educational Foundation generated $6.5m 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 (17.1%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Goodnight Educational Foundation has awarded 266 individual grants totaling $51,722,270. 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 |
|---|---|---|---|
James H Goodnight Director | 1 | $0 | |
Ann Baggett Goodnight Director | 1 | $0 | |
Leah A Goodnight Director | 1 | $0 | |
Susan G Ellis Director | 1 | $0 | |
James A Goodnight Director | 1 | $0 | |
Donald R Parker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,673,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,808,219 |
| Capital Gain Net Income | $2,808,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,481,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,328 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,728 |
| Contributions, gifts, grants paid | $9,070,000 |
| Total expenses and disbursements | $9,109,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,847,109 |
| 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 | $146,662,935 |
| 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 | $239,490 |
| Total liabilities | $239,490 |
Grants Awarded
Over the last fiscal year, Goodnight Educational Foundation has awarded $9,070,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS CLUB OF WAKE COUNTY INC PURPOSE: UNRESTRICTED FUNDS | $25,000 |
CARY ACADEMY PURPOSE: BUILDING FUND | $1,250,000 |
MEREDITH COLLEGE PURPOSE: MINORITY TEACHING SCHOLARSHIP | $25,000 |
MYFUTURENC PURPOSE: UNRESTRICTED FUNDS | $1,000,000 |
NC BUSINESS LEADERS FOR EDUCATION PURPOSE: UNRESTRICTED FUNDS | $25,000 |
NC MUSEUM OF ART PURPOSE: RESTRICTED FUNDS FOR PARK | $1,050,000 |