Overview
What is Goodwin Foundation Inc?
Goodwin Foundation Inc, located in East Hartford, Connecticut, is a nonprofit organization dedicated to expanding educational opportunities for diverse students. It primarily achieves this goal through institutional giving and scholarships, with over half of the recipients being first-generation college students. The foundation aims to assist students who demonstrate a strong desire for academic success and face significant financial obstacles. Acting as Goodwin University's fundraising arm for charitable contributions and endowment, the foundation identifies strategic funding objectives and cultivates donors through various campaigns. By raising funds, it supports numerous initiatives targeting the educational achievement gap, such as Men of Vision in Education (MOVE) and Women Invested in Seeking Education (WISE).
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Star rating)
Goodwin Foundation Inc has achieved an impressive Four-Star rating on Charity Navigator, reflecting a strong performance in accountability and finance. The overall score is derived solely from its accountability and finance metrics, which received a high score of 95%. This indicates a well-managed organization that adheres to best practices, suggesting that donors can have confidence in the foundation's financial health and governance.
The foundation demonstrates excellent governance with a fully independent board comprising ten members, along with robust financial oversight practices. It has a solid track record of no material diversion of assets and adheres to key policies, including conflict of interest provisions and whistleblower protections. The organization's financial efficiency is highlighted by an impressive program expense ratio of 82.59%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
Despite its strengths, no specific limitations or areas of concern were noted in the data provided. Overall, Goodwin Foundation Inc presents itself as a highly accountable and financially responsible nonprofit, making it a commendable choice for potential donors seeking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwin Foundation Inc legitimate?
Goodwin Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwin Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Goodwin Foundation Inc?
The Goodwin Foundation supports the mission of Goodwin University by raising funds for scholarships and other initiatives to extend educational opportunities to underserved populations. Guided by an independent board of directors, the foundation identifies key strategic fundraising goals and cultivates donors through major giving, annual fund, and alumni giving campaigns. Through a coordinated plan of institutional giving and scholarships, the foundation supports educational access for a wide range of students, including over half of Goodwin students who are first-generation college students. The foundation aims to assist students with both an acute financial need and a demonstrated desire to achieve academic success. Additionally, the funds raised by the foundation support specific initiatives targeted at closing the educational achievement gap, such as Men of Vision in Education (MOVE) and Women Invested in Seeking Education (WISE).
Who is the CEO of Goodwin Foundation Inc?
Dr Ethan Foxman is the Outgoing Director of Goodwin Foundation Inc.
What is the revenue of Goodwin Foundation Inc?
Goodwin Foundation Inc's revenue in 2022 was $1,471,908.
Who are the executives of Goodwin Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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- Other: $30,033
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- Other: $2,103
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- Other: $44,300
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- Other: $35,076
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Where can I find the form 990 for Goodwin Foundation Inc?
Goodwin Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goodwin Foundation Inc
The Goodwin Foundation, a charitable organization, works in alignment with Goodwin University's mission to extend educational opportunities to underserved populations. This independent entity raises funds for scholarships and various initiatives, guided by a board of directors. By setting strategic fundraising goals and cultivating donors through major giving, annual fund, and alumni giving campaigns, the Foundation extends its support to a vast array of students, many of whom are first-generation college students.
The Goodwin Foundation is committed to assisting students who not only face acute financial hardships but also demonstrate a strong desire to achieve academic success. Beyond providing scholarships, the Foundation also supports specific initiatives aimed at bridging the educational achievement gap. Two such initiatives are the Men of Vision in Education (MOVE) and Women Invested in Seeking Education (WISE). These programs aim to offer further opportunities to students, helping them to overcome obstacles and succeed in their academic pursuits. By doing so, the Goodwin Foundation plays a crucial role in extending educational opportunities to those who might otherwise be left behind.
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Impact
July, 2024
Goodwin Foundation Inc's impact is profound in extending educational opportunities to underserved populations through fundraising for scholarships and other initiatives. By supporting Goodwin University's mission, the foundation plays a crucial role in providing financial assistance to over half of the university's first-generation college students who are in acute need of support to achieve academic success. Through strategic fundraising efforts, the foundation not only cultivates donors but also directs funds towards closing the educational achievement gap with programs like Men of Vision in Education (MOVE) and Women Invested in Seeking Education (WISE). In essence, Goodwin Foundation Inc significantly contributes to making higher education accessible and empowering students from disadvantaged backgrounds to reach their full potential.
This information is meant to be a general summary of Goodwin Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $853,939
- Gross Receipts: $4,014,901
Assets and Liabilities:
- Total Assets: $12,281,744
- Total Liabilities: $3,015,976
- Net Assets: $9,265,768
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Organization Details
Founding Year
2000
Phone
(860) 528-4111Principal Officer
Dr Ethan Foxman
Main Address
ONE RIVERSIDE DRIVE, EAST HARTFORD, CT, 06118
NTEE Category
Code: B82 - Education
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