Commonwealth Foundation Iv

William H Goodwin Jr Mbr

Richmond, VA
Tax-exempt since May 1997
EIN: 62-1668519

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Revenue

$898k (2023)

Expenses

$2.55M (2023)

Total Assets

$37.3M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$897,617

Expenses

$2,547,926

Net Income

-$1,650,309

Net Assets

$37,336,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$117	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$897,500	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,520,000	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,336,405
Total Liabilities	$0
Net Assets	$37,336,405

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$3,091,658

Expenses

$2,637,973

Net Income

$453,685

Net Assets

$38,986,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$3,091,612	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,475,000	93.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$38,986,714
Total Liabilities	$0
Net Assets	$38,986,714

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$6,621,693

Expenses

$3,178,025

Net Income

$3,443,668

Net Assets

$38,533,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$6,621,683	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,115,000	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$38,533,029
Total Liabilities	$0
Net Assets	$38,533,029

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$2,172,436

Expenses

$4,146,025

Net Income

-$1,973,589

Net Assets

$35,089,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$2,172,433	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,831,500	92.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$35,089,361
Total Liabilities	$1
Net Assets	$35,089,360

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$20,567,339

Expenses

$3,213,025

Net Income

$17,354,314

Net Assets

$37,062,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$20,567,307	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,110,000	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,062,950
Total Liabilities	$1
Net Assets	$37,062,949

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,422,684

Expenses

$2,565,025

Net Income

$857,659

Net Assets

$19,708,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$3,422,641	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,565,000	100.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,708,636
Total Liabilities	$0
Net Assets	$19,708,636

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0
James A Jones (Assistant Treasurer)	$0	$0

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990-PF

Filed on Nov. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$818,115

Expenses

$1,412,525

Net Income

-$594,410

Net Assets

$18,850,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$818,106	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,412,500	100.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,850,977
Total Liabilities	$0
Net Assets	$18,850,977

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$741,694

Expenses

$2,102,855

Net Income

-$1,361,161

Net Assets

$19,445,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$741,693	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,025,000	96.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,445,387
Total Liabilities	$0
Net Assets	$19,445,387

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Molly G Hardie (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah G August (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$3,514,139

Expenses

$2,235,975

Net Income

$1,278,164

Net Assets

$20,806,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$424	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$3,513,715	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,150,000	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,806,548
Total Liabilities	$0
Net Assets	$20,806,548

Compensation

Key Employees and Officers	Compensation	Other
William H Goodwin Jr (Director, President/Treasu)	$0	$0
Alice T Goodwin (Director, Secretary)	$0	$0
W Hunter Goodwin Iii (Director)	$0	$0
Matthew T Goodwin (Director)	$0	$0
Molly G Hardie (Director)	$0	$0
Peter O Goodwin (Director)	$0	$0
Sarah C Goodwin (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$3,379,962

Expenses

$2,409,732

Net Income

$970,230

Net Assets

$19,528,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$3,379,958	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,366,534	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,528,384
Total Liabilities	$0
Net Assets	$19,528,384

Compensation

Key Employees and Officers	Compensation	Other
Clifford A Cutchins Iv (Director, Secretary)	$0	$0
E Bryson Powell (Director)	$0	$0
John L Mcelroy Jr (Director)	$0	$0
William H Goodwin Jr (Director, President/Treasurer)	$0	$0
Alice T Goodwin (Director)	$0	$0

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990-PF

Filed on Nov. 5, 2015

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,226,363

Expenses

$1,511,475

Net Income

-$285,112

Net Assets

$18,558,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,226,356	100.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$800	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$18,558,154
Total Liabilities	$0
Net Assets	$18,558,154

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifford A Cutchins Iv (Director, Secretary)	$0	$0	$0
E Bryson Powell (Director)	$0	$0	$0
John L Mcelroy Jr (Director)	$0	$0	$0
William H Goodwin Jr (Director)	$0	$0	$0
Alice T Goodwin (Director, President/Treasu)	$0	$0	$0

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990

Filed on Nov. 10, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$468,744

Expenses

$2,019,290

Net Income

-$1,550,546

Net Assets

$18,843,266

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$10	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$530	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$468,204	99.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$400	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$18,843,266
Total Liabilities	$0
Net Assets	$18,843,266

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$288,130

Expenses

$3,735,707

Net Income

-$3,447,577

Net Assets

$20,393,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$15	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,787	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$284,328	98.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$200	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,393,812
Total Liabilities	$0
Net Assets	$20,393,812

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Revenue

-$21,576

Expenses

$1,298,503

Net Income

-$1,320,079

Net Assets

$23,801,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$21,583

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,050	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,801,892
Total Liabilities	$0
Net Assets	$23,801,892

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Commonwealth Foundation Iv

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $898k (2023)

Expenses $2.55M (2023)

Total Assets $37.3M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$898k (2023)

Expenses

$2.55M (2023)

Total Assets

$37.3M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001