Goalsetter Foundation
- Assets
- $3.3m
- Revenue
- $957.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2023
- 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 12/2023, Goalsetter Foundation generated $957.3k in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
IN 2023, GOALSETTER FOUNDATION ACHIEVED SIGNIFICANT MILESTONES BY PARTNERING WITH MAJOR CORPORATIONS AND FOUNDATIONS TO FUND THE ROLLOUT OF GOALSETTER CLASSROOM ACROSS NUMEROUS SCHOOL DISTRICTS NATIONWIDE. THE FOUNDATION SUPPORTED VARIOUS LARGE-SCALE EDUCATION PROGRAMS IN STATES LIKE MISSOURI, LOUISIANA, MICHIGAN, OHIO, AND PENNSYLVANIA. NOTABLY, IN ST. LOUIS, MISSOURI, GOALSETTER FOUNDATION SPEARHEADED A FINANCIAL FREEDOM INITIATIVE AIMED AT EQUIPPING STUDENTS, FAMILIES, AND TEACHERS WITH SKILLS IN SPENDING, SAVING, AND INVESTING. ADDITIONALLY, GOALSETTER FOUNDATION FUNDED EDUCATIONAL PROGRAMS IN MANY OTHER SCHOOL DISTRICTS ACROSS THE COUNTRY INCLUDING EAST BATON ROUGE PUBLIC SCHOOLS, PORTSMOUTH PUBLIC SCHOOLS, ECORSE PUBLIC SCHOOLS, FERGUSON-FLORISSANT, PITTSBURGH PUBLIC SCHOOLS, CLEVELAND METROPOLITAN SCHOOL DISTRICT, AKRON PUBLIC SCHOOLS, AND DETROIT PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Bobb-Semple President | OfficerTrustee | 1 | $0 |
Mandisa Turner Secretary | OfficerTrustee | 1 | $0 |
Jocelynne Rainey Treasurer | 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 | $957,292 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $957,292 |
| 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 | $957,292 |
| 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. | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,500 |
| 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 | $340,653 |
| Total functional expenses | $1,549,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,747,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $501,683 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,167 |
| Total assets | $3,255,849 |
| Accounts payable and accrued expenses | $511,650 |
| 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 | $511,650 |
| Net assets without donor restrictions | $2,126,206 |
| Net assets with donor restrictions | $617,993 |
| 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 | $3,255,849 |