Good Part Foundation
- Assets
- $2.8m
- Revenue
- $534.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 38-3558047
Organization Overview
Good Part Foundation is located in Ann Arbor, MI. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Good Part 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, Good Part Foundation generated $534.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $44.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Good Part Foundation has awarded 24 individual grants totaling $3,415,732. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR REDEEMER CHURCH - ANN ARBOR.
SUPPORT FOR GRACE BAPTIST CHURCH - PUERTO RICO SUPPORT
SUPPORT FOR ANN ARBOR CHRISTIAN SCHOOL
SUPPORT FOR SHEPHERD'S GATE CHURCH - MISSION TRIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barton B Bryant Director | 2 | $0 | |
Lorrraine A Bryant Director | 2 | $0 | |
Lael Bryant Pres/sec/tre | 4 | $0 | |
Amy Bryant Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $638,000 |
| Interest on Savings | $239 |
| Dividends & Interest | $60,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$164,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $533,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,161 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $44,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,781 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,755,360 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Good Part Foundation has awarded $23,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REDEEMER CHURCH PURPOSE: GENERAL FUNDS | $2,000 |
REFORMED BAPTIST NETWORK PURPOSE: GENERAL FUNDS | $5,000 |
SONSET SOLUTIONS PURPOSE: GENERAL FUNDS | $1,000 |
MUSTARD SEED FOUNDATION PURPOSE: GENERAL FUNDS | $15,000 |