Goodness Web Foundation
- Assets
- $9.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Wayland, MA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3607923
Organization Overview
Goodness Web Foundation is located in Wayland, MA. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Goodness Web Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodness Web 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, Goodness Web Foundation generated $5.8m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 84.4% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES FOR WHICH THE CORPORATION WAS FORMED ARE TO ACCELERATE ADVANCEMENTS IN THE MENTAL HEALTH ARENA TO HELP SOLVE THE COMPLEX, MULTI-FACETED ISSUES IN MENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Verdi Pres./co-Founder/director | OfficerTrustee | 12 | $0 |
Gina Verdi Co-Founder/treasurer | OfficerTrustee | 8 | $0 |
Jan Swartz Co-Founder/director | Trustee | 8 | $0 |
Rob Swartz Co-Founder/director | Trustee | 5 | $0 |
Steve Loose Director | Trustee | 10 | $0 |
Karl Rathjen 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 | $5,742,289 |
| Noncash contributions included in lines 1a–1f | $16,419 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,742,289 |
| Total Program Service Revenue | $0 |
| Investment income | $10,543 |
| 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 | $5,752,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,120,000 |
| 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. | $331,896 |
| Compensation of current officers, directors, key employees. | $45,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,778 |
| Fees for services: Accounting | $46,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,068 |
| Information technology | $1,091 |
| 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 | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,775 |
| Insurance | $0 |
| All other expenses | $264 |
| Total functional expenses | $2,552,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047,924 |
| Savings and temporary cash investments | $1,132,115 |
| Pledges and grants receivable | $6,861,449 |
| 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 | $3,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,045,038 |
| Accounts payable and accrued expenses | $1,069,952 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,069,952 |
| Net assets without donor restrictions | $1,113,637 |
| Net assets with donor restrictions | $6,861,449 |
| 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 | $9,045,038 |
Grants Awarded
Over the last fiscal year, Goodness Web Foundation has awarded $2,120,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: THINK KIDS & MEADOWS MENTAL HEALTH POLICY INSTITUTE COLLABORATIVE PRIMARY CARE PROJECT | $620,000 |
MEADOWS MENTAL HEALTH POLICY INSTITUTE PURPOSE: PATH FORWARD INITIATIVE & ANNUAL BUDGET | $600,000 |
THE JED FOUNDATION PURPOSE: PROTECT EMOTIONAL HEALTH AND PREVENT SUICIDE | $500,000 |
INSEPARABLE INC PURPOSE: ADVANCEMENTS IN MENTAL HEALTH CARE ACCESS | $400,000 |