Leo Goodwin Foundation Inc

Nonprofit profile at a glance

EIN
526054098
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Dania, FL, USA
Phone
9547726863
Rating
81
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$511,675
Expenses
$976,539

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Leo Goodwin Foundation Inc is a nonprofit. Location: Dania, FL. EIN 526054098. Tax year 2024 Form 990-PF reports $512K revenue and $977K expenses.

What it reported funding in 2024

The foundation reported 26 grants totaling $344,600. The stated grant purpose was charitable.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this foundation funds its work.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and some filed totals do not add up.

Rating breakdown

  • Grant Deployment: 88
  • Cost Efficiency: 35
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 87

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 88.2%; rating input score 88; 26th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 35.3%; rating input score 35; 11th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 8; rating input score 89

Endowment Health

  • Endowment-health comparison: 28.93; rating input score 87; 87th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 88.2% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 87th percentile for endowment coverage
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 29 filed money-flow records
  • 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.

  • Moderate — Cost Efficiency: Grant expense ratio scored 35/100.
  • Moderate — Transparency & Controls: Revenue component sum did not reconcile in the filed values.