Good Planet Foundation
- Assets
- $2.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2355233
Organization Overview
Good Planet Foundation is located in San Jose, CA. 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 Planet 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 Planet Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Good Planet Foundation has awarded 80 individual grants totaling $6,388,911. 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 |
|---|---|---|---|
Asad Jamal Ceo/president | 2 | $0 | |
Amira Atallah Cfo/treasurer | 3 | $0 | |
Nighat Durdana Ahmed Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $46,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,046,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,428 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,788 |
| Total operating and administrative expenses | $26,954 |
| Contributions, gifts, grants paid | $3,407,411 |
| Total expenses and disbursements | $3,434,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,819 |
| Savings and temporary cash investments | $2,507,744 |
| 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 | $1,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,590,563 |
| 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 Planet Foundation has awarded $3,407,411 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AFGHAN RELIEF PURPOSE: GENERAL OPERATIONS | $160,000 |
BAYYINAH FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
ALALUSI FOUNDATION PURPOSE: GENERAL OPERATIONS | $521,300 |
CAIR PURPOSE: GENERAL OPERATIONS | $10,000 |
EDHI INTL FOUNDATION PURPOSE: GENERAL OPERATIONS | $50,000 |
FOOD JOY & TOYS PURPOSE: GENERAL OPERATIONS | $25,000 |