Nonprofit · EIN 06-1599388
GOODWIN FOUNDATION INC
Tax-exempt · EAST HARTFORD, CT 06118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,365,063 | $2,524,094 | -$159,031 | $19,129,937 | $6,263,236 | $12,866,701 |
| June 30, 2024 | 990 | $1,728,747 | $1,351,769 | $376,978 | $16,901,577 | $4,089,818 | $12,811,759 |
| June 30, 2023 | 990 | $2,727,211 | $834,920 | $1,892,291 | $14,992,599 | $3,186,345 | $11,806,254 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $813,121
- Program service revenue
- $0
- Investment income
- $1,679,307
- Net gain from sales of assets
- $968,523
- Net income from fundraising events
- -$127,365
- Other revenue
- -$127,365
Expenses
- Grants and similar amounts paid
- $1,932,379
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,562
- Travel
- $896
- Program services (functional)
- $2,431,696
- Management and general (functional)
- $88,052
- Fundraising (functional)
- $4,346
Balance sheet and other
- Total assets, start of year
- $16,901,577
- Total assets, end of year
- $19,129,937
- Total liabilities, end of year
- $6,263,236
- Net assets, end of year
- $12,866,701
- Publicly traded securities
- $16,962,963
- Net assets without donor restrictions
- $8,433,881
- Net assets with donor restrictions
- $4,432,820
- Gross receipts
- $38,944,626
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2000
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCHEINBERG MARK E | DIRECTOR/PRESIDENT Trustee or director, Officer | 5 | $0 | $952,365 | $25,063 |
| ANDREWS TODD | DIRECTOR/SENIOR VP Trustee or director, Officer | 5 | $0 | $869,290 | $8,885 |
| MEYER JR EDWIN | DIRECTOR/CFO/VP FINANCE Trustee or director, Officer | 4 | $0 | $410,671 | $49,078 |
| FOXMAN ETHAN | PRESIDENT Trustee or director, Officer | 0.7 | $0 | $0 | $0 |
| HOUSLEY LEE | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAPLAN TED | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| LOUDEN MOLLY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MAFFEE JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MARGNELLI JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| RESNICK JUDITH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHECHTMAN RICHARD | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHEA MARTIN K | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCHEINBERG MARK E | DIRECTOR/PRESIDENT Trustee or director, Officer | 5 | $0 | $775,303 | $24,199 |
| MEYER JR EDWIN | DIRECTOR/CFO Trustee or director, Officer | 4 | $0 | $274,782 | $48,378 |
| ANDREWS TODD | DIRECTOR/SENIOR VP Trustee or director, Officer | 5 | $0 | $296,258 | $7,085 |
| FOXMAN ETHAN | PRESIDENT Trustee or director, Officer | 0.7 | $0 | $0 | $0 |
| HOUSLEY LEE | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAPLAN TED | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| LOUDEN MOLLY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MAFFEE JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MARGNELLI JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| RESNICK JUDITH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHECHTMAN RICHARD | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHEA MARTIN K | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCHEINBERG MARK E | DIRECTOR/PRESIDENT Trustee or director, Officer | 5 | $0 | $513,520 | $38,153 |
| MEYER JR EDWIN | DIRECTOR/CFO Trustee or director, Officer | 4 | $0 | $246,896 | $44,175 |
| ANDREWS TODD | DIRECTOR/SENIOR VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $270,782 | $8,130 |
| FOXMAN ETHAN | PRESIDENT Trustee or director, Officer | 0.7 | $0 | $0 | $0 |
| HOUSLEY LEE | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAPLAN TED | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| LOUDEN MOLLY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MAFFE JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MARGNELLI JAY | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| RESNICK JUDITH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHECHTMAN RICHARD | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| SHEA MARTIN K | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 RIVERSIDE DR, EAST HARTFORD, CT 06118-1837
- In care of
- % JERRY D EMLET
- Principal officer (990 for 2024)
- DR ETHAN FOXMAN, ONE RIVERSIDE DRIVE, EAST HARTFORD, CT 06118
- Signed the 990
- EDWIN MEYER JR, CFO
- Phone
- (860) 528-4111
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE GOODWIN FOUNDATION SUPPORTS THE MISSION OF GOODWIN UNIVERSITY TO EXTEND EDUCATIONAL OPPORTUNITIES TO UNDERSERVED POPULATIONS BY FUNDRAISING FOR SCHOLARSHIPS AND OTHER INITIATIVES. WITH THE GUIDANCE OF AN INDEPENDENT BOARD OF DIRECTORS, THE FOUNDATION IDENTIFIES KEY STRATEGIC FUNDRAISING GOALS AND CULTIVATES DONORS THROUGH MAJOR GIVING, ANNUAL FUND, AND ALUMNI GIVING CAMPAIGNS.THROUGH A COORDINATED PLAN OF INSTITUTIONAL GIVING AND SCHOLARSHIPS, THE FOUNDATION SUPPORTS EDUCATIONAL ACCESS FOR A WIDE RANGE OF STUDENTS, INCLUDING THE OVER HALF OF GOODWIN STUDENTS WHO ARE FIRST GENERATION COLLEGE STUDENTS. THE FOUNDATION SEEKS TO SUPPORT THOSE STUDENTS WHO HAVE BOTH AN ACUTE FINANCIAL NEED, AND HAVE DEMONSTRATED THE DESIRE TO ACHIEVE ACADEMIC SUCCESS.FUNDS RAISED BY THE FOUNDATION ALSO SUPPORT SPECIFIC INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE).
Program accomplishments
- THROUGH A COORDINATED PLAN OF INSTITUTIONAL GIVING AND SCHOLARSHIPS, THE FOUNDATION SUPPORTS EDUCATIONAL ACCESS FOR A WIDE RANGE OF STUDENTS, INCLUDING THE OVER HALF OF GOODWIN STUDENTS WHO ARE FIRST GENERATION COLLEGE STUDENTS. THE FOUNDATION SEEKS TO SUPPORT THOSE STUDENTS WHO HAVE BOTH AN ACUTE FINANCIAL NEED, AND HAVE DEMONSTRATED THE DESIRE TO ACHIEVE ACADEMIC SUCCESS.THE GOODWIN FOUNDATION SERVES AS BOTH THE UNIVERSITY'S FUNDRAISING ARM FOR CHARITABLE CONTRIBUTIONS AND THE UNIVERSITY'S ENDOWMENT.Expenses $2,431,696 · grants $1,932,379
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1599388
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $19,129,937
- Income (IRS master file)
- $38,944,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,365,063 | $2,524,094 | $19,129,937 | IRS |
| 990 | June 2024 | $1,728,747 | $1,351,769 | $16,901,577 | IRS |
| 990 | June 2023 | $2,727,211 | $834,920 | $14,992,599 | XML |
| 990 | June 2022 | $1,471,908 | $857,048 | $12,281,744 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1599388).
Questions about GOODWIN FOUNDATION INC
- What is the EIN of GOODWIN FOUNDATION INC?
- The employer identification number (EIN) of GOODWIN FOUNDATION INC is 06-1599388.
- Is GOODWIN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GOODWIN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOODWIN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GOODWIN FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOODWIN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GOODWIN FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DR ETHAN FOXMAN.
- Who are the officers and directors of GOODWIN FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does GOODWIN FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,365,063, expenses of $2,524,094 and total assets of $19,129,937 at year end.
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