Goodnation Foundation Inc
Nonprofit profile at a glance
- EIN
- 814768448
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6469078269
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $22,104,895
- Expenses
- $20,363,976
- Assets
- $6,958,917
- Liabilities
- $182,247
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- Senait Tesfai (Employee): $100,552 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Goodnation Foundation's mission is to help address our country and communities' toughest challenges by bringing new philanthropic support to high performing nonprofits.
What it reported doing in 2024
Goodnation Foundation advanced its mission of addressing our toughest challenges by providing fiscal sponsorship to high-performing nonprofits, enabling them to access critical funding and operational support. During the tax year, the Foundation facilitated charitable contributions to sponsored organizations working in key areas such as education, poverty alleviation, and community development. By offering essential infrastructure and oversight, Goodnation empowered these nonprofits to expand their programs, maximize donor impact, and deliver measurable results. Through its fiscal sponsorship model, the Foundation strengthened the capacity of mission-driven organizations and amplified their ability to create meaningful change.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.1%; rating input score 92
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 77.1%; rating input score 77; 16th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.9%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 37.3% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 37.7% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 49.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 92.1% of revenue deployed · 99.9% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $20.3M in reported program spending
- Leadership: top reported pay $101K · 6 people listed
- Highest-paid contractors: 5 contractors listed · $1M reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 52 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.