Overview
What is Goodman Supporting Foundation?
The Goodman Supporting Foundation is a charitable organization situated in Chicago, Illinois. It adheres to the guidelines set by the Jewish Federation of Metropolitan Chicago and the by-laws of the Foundation itself. The Foundation's purpose is to promote, foster, and support various charitable, educational, or religious objectives, as permitted by its charter and by-laws. It accomplishes this by providing grants to tax-exempt organizations under IRC Section 501(c)(3).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% – Four-Star out of Four Star rating.
The Goodman Supporting Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. With an overall score of 94%, the foundation demonstrates excellence in its operations, particularly in the area of accountability and finance, which comprises all elements of its rating. This high score reflects the foundation's effective governance and financial practices, ensuring transparency and responsible management of resources.
The organization boasts a perfect score of 10 out of 10 for having a majority of independent board members, which signifies a robust governance structure. Additionally, it has made positive strides in conflict of interest management, whistleblower protections, and maintaining accurate documentation of board activities. The foundation has also excelled in financial ratios, with a favorable liabilities-to-assets ratio and a strong program expense ratio, indicating sound financial practices and effective allocation of resources toward its mission.
While the foundation exhibits strong performance in various metrics, the summary does not highlight specific programs or outcomes related to its charitable work. This could limit potential donors' understanding of the impact the foundation makes in its community. Overall, Goodman Supporting Foundation presents itself as a reliable and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Goodman Supporting Foundation legitimate?
Goodman Supporting Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodman Supporting Foundation 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 Goodman Supporting Foundation?
The Goodman Supporting Foundation is established with the purpose of promoting and fostering charitable, educational, or religious activities, as outlined in the charter of the Jewish Federation of Metropolitan Chicago and the foundation's bylaws. The organization's mission involves providing support and development to these authorized purposes, furthering their growth and maintenance. The foundation grants funds to eligible charitable organizations, which are tax-exempt under IRC Section 501(c)(3), and align with the guidelines set by the Jewish Federation of Metropolitan Chicago and the foundation's bylaws.
Who is the CEO of Goodman Supporting Foundation?
Sharyn Johnson is the President of Goodman Supporting Foundation.
What is the revenue of Goodman Supporting Foundation?
Goodman Supporting Foundation's revenue in 2022 was $118,230.
Who are the executives of Goodman Supporting Foundation and what are their salaries?
There 3 volunteers at Goodman Supporting Foundation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $344,091
- Other: $103,418
- Compensation: $0
- Related: $191,315
- Other: $37,830
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $293,232
- Other: $36,845
- Compensation: $0
- Related: $88,510
- Other: $17,536
Where can I find the form 990 for Goodman Supporting Foundation?
Goodman Supporting Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Goodman Supporting Foundation
Goodman Supporting Foundation, as per its charter and by-laws, is committed to fostering, promoting, supporting, developing, and maintaining various charitable, educational, or religious purposes. This foundation serves as an extension of the Jewish Federation of Metropolitan Chicago, contributing to broad-based charitable activities and functions that align with its guidelines. The Goodman Supporting Foundation makes grants to eligible charitable organizations that are tax-exempt under IRC Section 501(c)(3), demonstrating its dedication to supporting worthy causes within the realms of charity, education, and religion.
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Impact
October, 2024
The Goodman Supporting Foundation plays a vital role in enhancing charitable, educational, and religious initiatives within the Chicago community. By making grants to tax-exempt organizations that align with its mission and guidelines, the Foundation significantly contributes to the welfare and development of various sectors in society. Its focus on fostering a broad range of purposes ensures that numerous programs and services receive the support needed to thrive. As a key player in philanthropy within the Jewish Federation of Metropolitan Chicago, the Goodman Supporting Foundation empowers organizations to make impactful changes, thereby enriching the lives of individuals and strengthening community bonds throughout the region.
This information is meant to be a general summary of Goodman Supporting Foundation. 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: $118,230
- Gross Receipts: $118,230
Assets and Liabilities:
- Total Assets: $2,161,090
- Total Liabilities: $187,525
- Net Assets: $1,973,565
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Organization Details
Founding Year
1996
Phone
(312) 357-4790Principal Officer
Sharyn Johnson
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: T22Z - Philanthropy
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