Leo Goodwin Foundation Inc
- Assets
- $10.4m
- Revenue
- $689.1k
- Investments
- $10.1m
- Employees
- 0
- Location
- Dania, FL
- Founding
- 01/1955
- Data as of
- 12/2023
- EIN
- 52-6054098
Organization Overview
Leo Goodwin Foundation Inc is located in Dania, FL. The organization was established in 1955. 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. Leo Goodwin Foundation Inc 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, Leo Goodwin Foundation Inc generated $689.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $919.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leo Goodwin Foundation Inc has awarded 95 individual grants totaling $1,298,910. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot P Borkson Vice President | 20 | $150,000 | |
Alan J Goldberg President | 20 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $297,794 |
| Dividends & Interest | $208,572 |
| Net Rental Income | $4,832 |
| Net Gain on Sale of Assets | $190,418 |
| Capital Gain Net Income | $190,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,543 |
| Total Revenue | $689,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| Other employee salaries and wages | $63,000 |
| Pension plans, employee benefits | $0 |
| Interest | $12,350 |
| Taxes | $12,084 |
| Depreciation | $0 |
| Occupancy | $16,532 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125,597 |
| Total operating and administrative expenses | $619,589 |
| Contributions, gifts, grants paid | $300,160 |
| Total expenses and disbursements | $919,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,760 |
| Savings and temporary cash investments | $0 |
| 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 | $10,052,572 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $186,664 |
| Total assets | $10,422,505 |
| 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 | $3,317 |
| Total liabilities | $3,317 |
Grants Awarded
Over the last fiscal year, Leo Goodwin Foundation Inc has awarded $300,160 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT REHABILITATION CENTERS PURPOSE: CHARITABLE | $5,000 |
BOYS AND GIRLS CLUBS OF BROWARD PURPOSE: CHARITABLE | $23,360 |
BROWARD 2-1-1 PURPOSE: CHARITABLE | $5,000 |
BROWARD COLLEGE SCHOLARSHIP PURPOSE: CHARITABLE | $30,000 |
BROWARD PERFORMING ARTS FOUNDATION PURPOSE: CHARITABLE | $30,000 |
BROWARD PARTNERSHIP FOR THE HOMELES PURPOSE: CHARITABLE | $50,000 |