Overview
What is The Goodnation Foundation Inc?
The Goodnation Foundation Inc, established in New York City, New York, is a nonprofit organization committed to addressing the nation's and local communities' most pressing issues. Their primary objective is to foster philanthropic support for high-performing nonprofits, aiming to bolster their efforts in overcoming complex challenges. The foundation operates with a focus on systemic reform, providing a platform for mobilizing resources to these organizations. Their mission is centered around enhancing the capacity of these nonprofits, thereby contributing to the betterment of society.
Official website here: www.goodnationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Goodnation Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of performance and accountability. With a strong score of 74% in Accountability & Finance, the organization demonstrates a commendable commitment to transparency, exemplified by its fully independent board and the absence of material asset diversion. However, the charity's whistleblower and document retention policies are currently missing, which could be potential areas for improvement.
In terms of financial health, the foundation shows a robust program expense ratio of 93.87%, signaling that a significant portion of its funds is directed towards its programs. While the liabilities to assets ratio is favorable at 8.86%, the fundraising efficiency score of $0.022 suggests that fundraising efforts may require enhancement to improve cost-effectiveness. This indicates a need for strategic planning in fundraising activities.
The organization excels in its culture and community score of 90 and a perfect score in leadership and adaptability, which reflects a strong internal environment and a capable management team. Looking ahead, Goodnation aims to expand its fiscal sponsorship services and strengthen its Smartfunds initiative, focusing on assessing its impact. Overall, while there are some areas needing attention, the foundation is positioned well in terms of accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Goodnation Foundation Inc legitimate?
The Goodnation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Goodnation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.goodnationfoundation.org
What is the mission statement of The Goodnation Foundation Inc?
The Goodnation Foundation Inc's mission is centered around addressing the most pressing issues in society and communities. They aim to accomplish this by offering fresh philanthropic backing to nonprofit organizations that have demonstrated exceptional performance. The foundation's primary objective is to facilitate systemic reforms through mobilization efforts. By doing so, they aim to contribute to the betterment of various sectors and communities.
Official website here: www.goodnationfoundation.org
Who is the CEO of The Goodnation Foundation Inc?
Chris Alexander is the Board Chair of The Goodnation Foundation Inc.
Official website here: www.goodnationfoundation.org
What is the revenue of The Goodnation Foundation Inc?
The Goodnation Foundation Inc's revenue in 2022 was $5,990,584.
Official website here: www.goodnationfoundation.org
Who are the executives of The Goodnation Foundation Inc and what are their salaries?
There 6 volunteers at The Goodnation Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.goodnationfoundation.org
Where can I find the form 990 for The Goodnation Foundation Inc?
The Goodnation Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodnationfoundation.org
Learn more at the official website: www.goodnationfoundation.org
Mission Statement of The Goodnation Foundation Inc
The Goodnation Foundation Inc is dedicated to tackling some of the most pressing issues facing our nation and communities. Their mission, in essence, is to bolster the support for high-performing nonprofit organizations. By implementing mobilization efforts, the foundation aims to channel fresh philanthropic resources towards these organizations, thereby contributing to the resolution of the country's most formidable challenges.
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Impact
July, 2024
The Goodnation Foundation Inc helps address our country and communities' toughest challenges by bringing new philanthropic support to high performing nonprofits. Their focus on systemic reform through mobilization efforts has led to a significant impact in New York and beyond, making a difference in improving lives and creating positive social change.
This information is meant to be a general summary of The Goodnation 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: $856
- Gross Receipts: $5,990,584
Assets and Liabilities:
- Total Assets: $1,404,584
- Total Liabilities: $124,474
- Net Assets: $1,280,110
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Organization Details
Founding Year
2016
Phone
(646) 907-8269Principal Officer
Chris Alexander
Main Address
100 Crosby Street, New York, NY, 10012
Website
www.goodnationfoundation.orgNTEE Category
Code: T30 - Philanthropy
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