The Good Nation Foundation Inc
- Assets
- $2.1m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4768448
Organization Overview
The Good Nation Foundation Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Good Nation Foundation Inc 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 12/2021, Good Nation Foundation Inc generated $9.6m in total revenue. All expenses for the organization totaled $9.6m during the year ending 12/2021. While expenses have increased by 87.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Good Nation Foundation Inc has awarded 218 individual grants totaling $12,032,399. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOOD NATION FOUNDATION'S MISSION IS TO HELP ADDRESS OUR COUNTRY AND COMMUNITIES' TOUGHEST CHALLENGES BY BRINGING NEW PHILANTHROPIC SUPPORT TO HIGH PERFORMING NONPROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMOCRACY - TO PROVIDE MOBILIZATION EFFORTS.
SOCIAL SERVICES - TO PROVIDE ECONOMIC ADVANCEMENT NEEDS TO VULNERABLE POPULATIONS.
OTHER - TO SUPPORT ENVIRONMENTAL PROTECTION AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Jia Treasurer | OfficerTrustee | 2 | $0 |
Chris Alexander Board Chair | OfficerTrustee | 2 | $0 |
Sidney Cherubin ESQ Director | Trustee | 1 | $0 |
Andrew Casino Director | Trustee | 1 | $0 |
Jacob Carney Director | Trustee | 1 | $0 |
Michael Leahy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,558,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,558,558 |
| Total Program Service Revenue | $0 |
| Investment income | $412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,558,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,036,975 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,514,864 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $728 |
| All other expenses | $0 |
| Total functional expenses | $9,586,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,083,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,022,879 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,105,948 |
| Accounts payable and accrued expenses | $441,314 |
| Grants payable | $1,970,019 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,422,580 |
| Net assets without donor restrictions | -$415,132 |
| Net assets with donor restrictions | $98,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,105,948 |
Grants Awarded
Over the last fiscal year, The Good Nation Foundation Inc has awarded $3,934,976 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Futhering he mission of the Org | $280,000 |
New York, NY PURPOSE: Futhering he mission of the Org | $253,749 |
Cambridge, MA PURPOSE: Futhering he mission of the Org | $210,000 |
Washington, DC PURPOSE: Futhering he mission of the Org | $200,000 |
HOME BASE PURPOSE: Futhering he mission of the Org | $200,000 |
New York, NY PURPOSE: Futhering he mission of the Org | $182,000 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Good Nation Foundation Inc has recieved totaling $3,428,568.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $1,909,100 |
Community Outreach Promoting Safety And Security Calabasas, CA | | $427,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $250,000 |
Fwdus Education Fund Inc Washington, DC PURPOSE: CRIMINAL JUSTICE EDUCATION GRANT | $200,000 |
Community Outreach Promoting Safety And Security Calabasas, CA | | $171,088 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $149,980 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |