The Meg and Bennett Goodman Family Foundation
THE MISSION OF THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS TO PROVIDE SUPPORT FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES IN FURTHERANCE OF THE MISSION OF NATIONAL PHILANTHROPIC TRUST (NPT). THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS A SUPPORTING ORGANIZATION TO NPT, AN INDEPENDENT, NATIONALLY-RECOGNIZED PUBLIC CHARITY WITH A MISSION TO INCREASE PHILANTHROPY IN SOCIETY.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$11.2M
Total Expenses
$2.7M
Net Assets
$53.8M
Employees
0
Volunteers
3
Grants Paid
$1.7M
Program Expense Ratio
87.2%
This nonprofit profile presents IRS Form 990 tax filing data for The Meg and Bennett Goodman Family Foundation (EIN: 31-1702105), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Meg and Bennett Goodman Family Foundation is a 501(c)(3) nonprofit headquartered in JENKINTOWN, PA, founded in 2000. It is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2000. In its 2023 filing, the organization reported $11.2M in total revenue, a 459.6% increase from the prior year, and $2.7M in total expenses. The organization engaged 3 volunteers. ANDREA C RUSH, ASST SECRETARY, is the highest-compensated individual at $280,983. The organization runs 1 program, totaling $2.4M in program expenses. 4 of 6 recommended governance policies are in place.
The Meg and Bennett Goodman Family Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.
Programs(Tax Year 2023)
1 record
The Meg and Bennett Goodman Family Foundation operates 1 program, with total program expenses of $2.4M. The Meg and Bennett Goodman Family Foundation's largest program accounts for 100% of total program spending.
THE MEG & BENNETT GOODMAN FAMILY FOUNDATION PROVIDED GRANTS TOTALING $1,690,416 TO ORGANIZATIONS TO PROVIDE CHARITABLE SUPPORT PRIMARILY IN THE AREAS OF ARTS AND CULTURE, RELIGION, HUMAN SERVICES, HEALTH, EDUCATION AND PUBLIC SOCIETAL BENEFIT, ALL IN SUPPORT OF THE MISSION OF NPT, TO INCREASE PHILANTHROPY IN SOCIETY.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, The Meg and Bennett Goodman Family Foundation's revenue has grown from $11.0M to $11.2M, a 1.3% increase. Program expenses represent 87% of total spending.
Revenue increased 459.6% year-over-year, while expenses declined 91.0%. net assets rose to $53.8M, up 21.2% from the prior year.
The Meg and Bennett Goodman Family Foundation derives 47% from contributions and grants, with 53% from investment income.
Revenue is diversified across investment income (53%), contributions and grants (47%).
The Meg and Bennett Goodman Family Foundation allocates 87% to programs, 13% to management and general.
Revenue grew by 459.6% while expenses declined by only 91.0%, suggesting improving operational efficiency.
The Meg and Bennett Goodman Family Foundation distributed $1.7M in grants to other organizations and individuals, representing 62% of total expenses.
Over 5 filings from 2019–2023, The Meg and Bennett Goodman Family Foundation grew revenue from $11.0M to $11.2M (+1.3%) while maintaining a program expense ratio of 87%.
The Meg and Bennett Goodman Family Foundation holds $73.7M in total assets against $19.9M in liabilities (debt-to-asset ratio of 27%). The organization has 235.6 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $11.2M | $5.2M | $0 | $0 | $5.9M |
| 2022 | $2.0M | $0 | $0 | $0 | $2.0M |
| 2021 | $6.4M | $0 | $0 | $0 | $6.4M |
| 2020 | $15.0M | $11.5M | $0 | $0 | $3.5M |
| 2019 | $11.0M | $8.9M | $0 | $0 | $2.1M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $2.7M | $2.4M | $352K | $0 | $1.7M |
| 2022 | $30.6M | $30.3M | $304K | $0 | $29.6M |
| 2021 | $2.9M | $2.6M | $284K | $0 | $2.0M |
| 2020 | $1.4M | $783K | $604K | $0 | $577K |
| 2019 | $3.2M | $3.0M | $220K | $0 | $2.8M |
Program Expense Ratio
87.2%
Admin Expense Ratio
12.8%
Fundraising Efficiency
—
Operating Reserve
235.6 mo
People & Compensation(Tax Year 2023)
10 records
The Meg and Bennett Goodman Family Foundation reported compensation for 10 officers and key employees. Total officer compensation was $1.4M, representing 50.7% of total expenses.
The Meg and Bennett Goodman Family Foundation's highest-compensated individual received $281K in total compensation. Total officer compensation of $1.4M represents 50.7% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| ANDREA C RUSH | ASST SECRETARY | Officer | 3.00 | $0 | $236,557 | $280,983 |
| DEBRA FALK | SECRETARY | Officer | 3.00 | $0 | $226,487 | $266,345 |
| ELLEN M MCGUINN | FORMER TREASURER | Former | — | $0 | $237,495 | $261,549 |
| JEREMY SCHWARTZ | ASST TREASURER | Officer | 3.00 | $0 | $193,794 | $235,484 |
| ANDREA KATZ | ASST TREASURER | Officer | 3.00 | $0 | $139,481 | $175,405 |
| QUINN ROWAN | ASST SECRETARY | Officer | 3.00 | $0 | $86,712 | $119,249 |
| CHRISTINA HACK | TREASURER | Officer | 3.00 | $0 | $48,450 | $50,561 |
| CECILIA MENDEZ HODES | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DIRK JUNGE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| BENNETT GOODMAN | DIRECTOR, PRESIDENT | OfficerDirector | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
ANDREA C RUSH
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DEBRA FALK
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ELLEN M MCGUINN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JEREMY SCHWARTZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ANDREA KATZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Top Contractors(Tax Year 2023)
1 record
The Meg and Bennett Goodman Family Foundation reported 1 contractor receiving over $100,000, with total contractor payments of $399K.
| Name | Service | Compensation |
|---|---|---|
| SHADE TREE ADVISORS | INVESTMENT ADVISOR | $399,115 |
Governance & Compliance(Tax Year 2023)
The Meg and Bennett Goodman Family Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 3 of whom are independent.
The Meg and Bennett Goodman Family Foundation's financial statements are audited.
The Meg and Bennett Goodman Family Foundation delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
18 records
The Meg and Bennett Goodman Family Foundation awarded $1.7M across 18 grants to organizations. Top recipients include YEAR UP INC (BOSTON, MA) — $660K for human services; UJA FEDERATION NEW YORK (NEW YORK, NY) — $350K for public, societal benefit; THIRD WAY INSTITUTE (WASHINGTON, DC) — $150K for public, societal benefit.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| YEAR UP INC043534407 | BOSTON, MA | $660K | HUMAN SERVICES |
| UJA FEDERATION NEW YORK510172429 | NEW YORK, NY | $350K | PUBLIC, SOCIETAL BENEFIT |
| THIRD WAY INSTITUTE260535276 | WASHINGTON, DC | $150K | PUBLIC, SOCIETAL BENEFIT |
| REUT USA203585888 | WOODLAND HILLS, CA | $100K | CULTURE & ARTS |
| AMERICAN JEWISH COMMITTEE135563393 | NEW YORK, NY | $100K | PUBLIC, SOCIETAL BENEFIT |
| LINCOLN CENTER FOR THE PERFORMING ARTS INC131847137 | NEW YORK, NY | $66K | CULTURE & ARTS |
| WHITNEY MUSEUM OF AMERICAN ART131789318 | NEW YORK, NY | $50K | CULTURE & ARTS |
| CENTRAL PARK CONSERVANCY INC133022855 | NEW YORK, NY | $50K | HUMAN SERVICES |
| THE MILKEN INSTITUTE954240775 | SANTA MONICA, CA | $28K | PUBLIC, SOCIETAL BENEFIT |
| CENTRAL SYNAGOGUE CONGREGATION131628161 | NEW YORK, NY | $25K | RELIGION |
| LAWYERS FOR CHILDREN INC133202043 | NEW YORK, NY | $25K | HUMAN SERVICES |
| JEWISH NATIONAL FUND131659627 | ROCKVILLE CENTER, NY | $18K | PUBLIC, SOCIETAL BENEFIT |
| JEWISH MUSEUM136146854 | NEW YORK, NY | $10K | CULTURE & ARTS |
| AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC131568923 | NEW YORK, NY | $10K | EDUCATION |
| THE SYLVIA CENTER204297703 | BRONX, NY | $10K | HUMAN SERVICES |
| METROPOLITAN MUSEUM OF ART131624086 | NEW YORK, NY | $10K | CULTURE & ARTS |
| FRIENDS OF SCHOOL IN THE SQUARE INC471825735 | NEW YORK, NY | $10K | EDUCATION |
| FILM AT LINCOLN CENTER INC237042553 | NEW YORK, NY | $7K | CULTURE & ARTS |
Foreign Activities(Tax Year 2023)
Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE (INCLUDING ICELAND & GREENLAND).
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
| EUROPE (INCLUDING ICELAND & GREENLAND) | — | — |
Filing History(Tax Years 2000–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $11.2M | $2.7M | $53.8M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $2.0M | $30.6M | $44.4M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $6.4M | $2.9M | $68.2M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $15.0M | $1.4M | $73.0M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $11.0M | $3.2M | $47.4M |
| 2000–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Meg and Bennett Goodman Family Foundation do?
THE MISSION OF THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS TO PROVIDE SUPPORT FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES IN FURTHERANCE OF THE MISSION OF NATIONAL PHILANTHROPIC TRUST (NPT). THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS A SUPPORTING ORGANIZATION TO NPT, AN INDEPENDENT, NATIONALLY-RECOGNIZED PUBLIC CHARITY WITH A MISSION TO INCREASE PHILANTHROPY IN SOCIETY.
How much revenue does The Meg and Bennett Goodman Family Foundation have?
The Meg and Bennett Goodman Family Foundation reported $11,151,849 in total revenue for tax year 2023, up 459.6% from the prior year.
Who is the highest-paid executive at The Meg and Bennett Goodman Family Foundation?
ANDREA C RUSH, ASST SECRETARY, received $280,983 in total compensation as of tax year 2023.
Is The Meg and Bennett Goodman Family Foundation a 501(c)(3)?
Yes, The Meg and Bennett Goodman Family Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Meg and Bennett Goodman Family Foundation located?
The Meg and Bennett Goodman Family Foundation is headquartered in JENKINTOWN, PA 19046.
What type of nonprofit is The Meg and Bennett Goodman Family Foundation?
The Meg and Bennett Goodman Family Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is The Meg and Bennett Goodman Family Foundation audited?
Yes, The Meg and Bennett Goodman Family Foundation's financial statements are audited.
Does The Meg and Bennett Goodman Family Foundation give grants?
Yes, The Meg and Bennett Goodman Family Foundation distributed $1,690,416 in grants to other organizations and individuals in tax year 2023. Top recipients include YEAR UP INC, UJA FEDERATION NEW YORK, THIRD WAY INSTITUTE.
Does The Meg and Bennett Goodman Family Foundation operate internationally?
Yes, The Meg and Bennett Goodman Family Foundation conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE (INCLUDING ICELAND & GREENLAND).
Data Source
Prepared by: RSM US LLP, PHILADELPHIA, PA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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