The Good Foundation Of Texas
- Assets
- $408.2k
- Revenue
- $587.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Addison, TX
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-1835946
Organization Overview
The Good Foundation Of Texas is located in Addison, TX. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Foundation Of Texas 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, Good Foundation Of Texas generated $587.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $252.7k during the year ending 12/2022. While expenses have increased by 11.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOCUS OF THE GOOD FOUNDATION OF TEXAS IS TO SERVE POPULATIONS IN NEED OF A CHANGE -- THOSE AT THE INTERSECTION OF ISSUES SUCH AS ABUSE, HUMAN TRAFFICKING, ADDICTION, AND CRIME. THE FOUNDATION SEEKS TO CONVENE, SPOTLIGHT, AND BRING AWARENESS TO THE INCREDIBLE CAPACITY AND POTENTIAL OF PEOPLE WHO HAVE FACED UNIMAGINABLE CHALLENGES BUT ARE WORKING TOWARD BUILDING A NEW LIFE. THE FOUNDATION'S STAFF HAS CONDUCTED EXTENSIVE RESEARCH ON THE ISSUES OF SEX TRAFFICKING AND SOCIAL INNOVATION, AND HAS REGULARLY ATTENDED CONFERENCES AND EVENTS ON THESE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashlee Kleinert President And Director | 5 | $0 | |
Lesly Bosch Annen Secretary, Director, And Chair | 2.5 | $18,000 | |
Sherri Daniel Treasurer And Payroll | 3 | $0 | |
Chris Kleinert Director | 2.5 | $0 | |
Connie Kleinert Babikian Director | 2.5 | $0 | |
Mackenzie Kleinert Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $587,299 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $587,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $89,456 |
| Pension plans, employee benefits | $6,843 |
| Interest | $0 |
| Taxes | $6,490 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,401 |
| Printing and publications | $0 |
| Other expenses | $10,945 |
| Total operating and administrative expenses | $245,190 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $252,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,110 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $45,477 |
| 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 | $335 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $334,300 |
| Other assets | $0 |
| Total assets | $408,222 |
| Accounts payable and accrued expenses | $19,370 |
| 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 | $19,370 |
Grants Awarded
Over the last fiscal year, The Good Foundation Of Texas has awarded $43,560 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF METROPOLITAN DALLAS PURPOSE: SOCIAL INNOVATION ACCELERATOR FOR THE MARCH TOCQUEVILLE FELLOW INITIATIVE | $5,000 |
TEXAS WOMEN'S FOUNDATION PURPOSE: GRANT IN HONOR OF DIANA MAD | $25,000 |
SHELTER MINISTRIES OF DALLAS PURPOSE: AUSTIN STREET CENTER- UNDERWROTE T-SHIRT PRINTING FOR AUSTIN STREET CENTER VIP | $1,182 |
SOCIAL VENTURE PARTNERS PURPOSE: BIG BANG! SOCIAL VENTURE CONFERENCE 2021 SPONSORSHIP SOCIAL VENTURE PARTNERS | $10,000 |
PERSHING ELEMENTARY PURPOSE: BABY BATH WASH, 2 BOOKS, BLANKET, GIRLS PAJAMA SET, SHOWER TOTE | $2,378 |