James And Geraldine Godfrey Foundation
- Assets
- $3.9m
- Revenue
- $1.1m
- Investments
- $2.9m
- Employees
- 0
- Location
- Stanwood, WA
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-0793649
Organization Overview
James And Geraldine Godfrey Foundation is located in Stanwood, WA. The organization was established in 2017. 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. James And Geraldine Godfrey 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 12/2023, James And Geraldine Godfrey Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $230.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James And Geraldine Godfrey Foundation has awarded 149 individual grants totaling $1,011,365. 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 A Godfrey President, Treasurer, Director | 1 | $0 | |
Mary G Godfrey Secretary, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,184 |
| Capital Gain Net Income | $20,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,081,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,684 |
| Total operating and administrative expenses | $23,141 |
| Contributions, gifts, grants paid | $207,500 |
| Total expenses and disbursements | $230,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,048,366 |
| 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 | $3,929,295 |
| Accounts payable and accrued expenses | $385 |
| 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 | $385 |
Grants Awarded
Over the last fiscal year, James And Geraldine Godfrey Foundation has awarded $207,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CATO INSTITUE PURPOSE: UNRESTRICTED | $10,000 |
BOYS AND GIRLS CLUB OF SKAGIT COUNTY PURPOSE: UNRESTRICTED | $10,000 |
CHILD HAVEN PURPOSE: UNRESTRICTED | $10,000 |
FULCRUM FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
HABITAT FOR HUMANITY PURPOSE: UNRESTRICTED | $5,000 |
INTERCOLLEGIATE STUDIES INSTITUTE PURPOSE: UNRESTRICTED | $5,000 |