Goodness Web Foundation
- Assets
- $4.8m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Wayland, MA
- Founding
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Goodness Web Foundation generated $5.1m in total revenue. All expenses for the organization totaled $388.3k during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 3 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Caruso COO (from 4/2021) | Officer | 40 | $183,814 |
Jessie Shawsecclerkfrom1021 Sr. Associate For Research And Ops. | Officer | 8 | $73,344 |
Mark Verdi President/co-Founder/director | OfficerTrustee | 12 | $0 |
Deborah J Kogan Director/sec./treas. (until 9/2021) | OfficerTrustee | 20 | $0 |
Gina Verdi Co-Founder/treasurer (from 12/2021) | OfficerTrustee | 8 | $0 |
Jan Swartz Co-Founder/director | Trustee | 8 | $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 | $5,142,924 |
| Noncash contributions included in lines 1a–1f | $35,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,142,924 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $5,142,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $257,158 |
| Compensation of current officers, directors, key employees. | $34,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,881 |
| Fees for services: Accounting | $18,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,600 |
| Advertising and promotion | $0 |
| Office expenses | $1,230 |
| Information technology | $167 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $388,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,643 |
| Savings and temporary cash investments | $357,159 |
| Pledges and grants receivable | $3,625,706 |
| 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 | $1,556 |
| 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 | $4,775,064 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,149,358 |
| Net assets with donor restrictions | $3,625,706 |
| 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 | $4,775,064 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Goodness Web Foundation has recieved totaling $285,571.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $128,925 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $61,000 |
Mary H Cain Foundation Houston, TX PURPOSE: UNRESTRICTED | $28,000 |
Zide Family Foundation Wilmington, DE PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $25,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $20,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Investors Exchange Inc New York, NY | $5,443,733 | $3,429,214 |
Jwm Iii Family Foundation Inc Moultonborough, NH | $728,590 | $501,035 |
Goodness Web Foundation Wayland, MA | $4,775,064 | $5,142,926 |
Community Inroads Inc North Andover, MA | $243,018 | $0 |
M&g Charitable Foundation Brooklyn, NY | $0 | $55,000 |
Ben-Abou Foundation Brooklyn, NY | $505,217 | $50,000 |
Talman Charitable Foundation Worcester, MA | $11,003 | $53,094 |
The Edward And Teresa Nolan Family Foundation Inc Westhampton, NY | $945,021 | $478,897 |
Latin American Studies For The Professions Inc Plattsburgh, NY | $811,121 | $25,891 |
Lourdes Employeees Charitable Contribution Organization Binghamton, NY | $56,838 | $0 |
Beautiful Mess Ministries Inc Sodus, NY | $12,156 | $0 |
Put On A Smile Inc Hewlett, NY | $626,724 | $225,073 |