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Filing year 2023

GOODWIN FOUNDATION INC

East Hartford, Connecticut·EIN 06-1599388·NTEE B82 · Education·501(c)(3)
Total revenue
$1.7M
Total assets
$16.9M
Total expenses
$1.4M
Reported officers
12
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).

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Connecticut.

Director/cfo
Officer (Unspecified)
$48k
$54k
Director/president
10th to 25th percentile
$24k
$27k
Director/senior VP
Vice President
Below 10th percentilevs Education peers nationwide
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at GOODWIN FOUNDATION INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 10%
from 2022

From $44k in 2022 to $48k in 2023.

$44k
2022
$48k
2023
In today's dollarsEst.
Up 6% in real terms$51k to $54k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 37% from 2022 to 2023, while revenue fell 37%.

$38k in 2022 to $24k in 2023.
  • Vice President pay fell 13% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GOODWIN FOUNDATION INC

What does the Chief Executive Officer of GOODWIN FOUNDATION INC earn?

In 2023, the Chief Executive Officer of GOODWIN FOUNDATION INC received $24,199 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Education organizations in Connecticut, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GOODWIN FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Education organizations in Connecticut, the 2023 pay of the Chief Executive Officer at GOODWIN FOUNDATION INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at GOODWIN FOUNDATION INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

What are GOODWIN FOUNDATION INC's revenue and expenses?

In 2023, GOODWIN FOUNDATION INC reported $1.7M in total revenue and $1.4M in total expenses on its IRS Form 990.

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