Goalsetter Foundation
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-1490191
Organization Overview
Goalsetter Foundation is located in Brooklyn, NY. According to its NTEE Classification (T31) the organization is classified as: Community 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. Goalsetter 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, Goalsetter Foundation generated $1.1m in total revenue. All expenses for the organization totaled $336.9k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GOALSETTER FOUNDATION IS COMMITTED TO ENSURING THAT EVERY KID IN AMERICA KNOWS THAT THEY ARE WORTHY OF WEALTH, AND TEACHING THEM HOW TO BUILD IT... FROM EAST NEW YORK TO EAST OAKLAND, AND FOR EVERY COMMUNITY IN BETWEEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT 2022, ON BEHALF OF THE DONORS TO THE SHARE THE FUTURE AND THE DRAFTED INITIATIVES, THE GOALSETTER FOUNDATION WORKED WITH SEVERAL COMMUNITY BASED ORGANIZATIONS TO CREATE AWARENESS AND ACCESS TO THEIR RESPECTIVE OPPORTUNITIES. AN EXAMPLE OF A SUCCESS STORY FROM A GOALSETTER FOUNDATION SUPPORTED PROGRAM WAS A YOUNG MAN SAVING JUST UNDER $2,000 IN ABOUT 12 MONTHS WITH THE SUPPORT OF HIS MOM AND FAMILY. GOALSETTER IN-APP FEATURES LIKE: CUSTOM GOAL SETTING, AUTO SAVE, ROUND-UP, AND ALLOWANCE WERE USED TO ACHIEVE THIS MILESTONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Bobb-Semple President | OfficerTrustee | 1 | $0 |
Jocelynne Rainey Treasurer | OfficerTrustee | 1 | $0 |
Mandisa Turner Secretary | OfficerTrustee | 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 | $1,072,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,072,654 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,072,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,745 |
| 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 | $6,462 |
| 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 | $3,542 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $336,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,036,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $561,786 |
| 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 | $8,662 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $2,615,027 |
| Accounts payable and accrued expenses | $6,407 |
| 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 | $11,000 |
| Total liabilities | $17,407 |
| Net assets without donor restrictions | $2,597,620 |
| Net assets with donor restrictions | $0 |
| 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 | $2,615,027 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Goalsetter Foundation has recieved totaling $129,996.
| Awarding Organization | Amount |
|---|---|
Webster Bank Charitable Foundation Wilmington, DE PURPOSE: KIDS SAVINGS ACCOUNTS PROGRAM AND FINANCIAL LITERACY EDUCATION PROGRAM | $100,000 |
Entertainment Industry Foundation Los Angeles, CA PURPOSE: GENERAL PROGRAM | $16,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,271 |
Chris Long Foundation St Louis, MO PURPOSE: GENERAL | $4,000 |
Webster Bank Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |