Fern Goff Charitable Trust FY2020 filing

Tax-deductible

Brooklyn, OH501(c)(3)EIN 22-3220923

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Grants are made according to the Trust agreemant dated may 28 1982keybank as trustee make distributions as follows10 % laudholm Trust20% sweeter children home20% sanford mens christians home20% st georges episcopal church10% massabesic lions club20% waban projects INC

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $48K a year · 15% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
Spent
$330K
To programs
80%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$244K
FY2020
Revenue by fiscal year
FY2020$244K
FY2021$248K
FY2022$333K
FY2023$418K
FY2024$394K
FY2025$272K
Expenses
$330K
FY2020
Expenses by fiscal year
FY2020$330K
FY2021$350K
FY2022$366K
FY2023$374K
FY2024$384K
FY2025$391K
Net assets
$5.1M
FY2020
Net assets by fiscal year
FY2020$5.1M
FY2021$5.0M
FY2022$5.0M
FY2023$5.0M
FY2024$5.0M
FY2025$4.9M

From the FY2020 Form 990 (year ending August 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $265K Management & general 20% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Trustee
$63,777Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Keybank NA$79,894$76,112$73,307$78,966$76,760$63,777

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes funds to various charitable causes as outlined in a trust agreement.

Provided by the organization

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3 programs · $159K · in their own filed words · FY2019
01

Grants made to the ST. Georges episcopal church for religious observation and general support

$53Kprogram expense
02

Grants made to the ymca sanford for youth progams and general support

$53Kprogram expense
03

Grants madeto waban project for general support

$53Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $913K · 2022–2024
St Georges Episcopal ChurchFY2024$61,692
Waypoint Maine INCME · FY2024$61,692
YMCA SanfordFY2024$61,692
SweetserME · FY2024$61,692
Laudholm TrustME · FY2024$30,846
St Georges Episcopal ChurchFY2023$61,116
Waban ProjectsME · FY2023$61,116
YMCA SanfordFY2023$61,116
SweetserME · FY2023$61,116
Laudholm TrustME · FY2023$30,558
St Georges Episcopal ChurchFY2022$59,720
Waban ProjectsME · FY2022$59,720
YMCA SanfordFY2022$59,720
SweetserME · FY2022$59,720
Laudholm TrustME · FY2022$29,858

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Investment incomeLn 3$244K
Money outPt IX
$330K
Ln 25
Programscol B$265K
Managementcol C$66K
Owns and owesPt X
$5.1M
net assets · Ln 32
Total assetsLn 16$5.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$244K
Gains on assetsLn 7$73K
Total revenueLn 12$244K
Assets in detailPt X, end of year
InvestmentsLn 11–13$5.1M
Total assetsLn 16$5.1M
LiabilitiesLn 26$0
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
InvestmentsLn 11–13$4.7M$5.1M
Total assetsLn 16$5.2M$5.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.2M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$265K$265K
Pay of current officers, directors and key staffLn 5$64K$64K
Accounting feesLn 11c$2K$2K
Total functional expensesLn 25$330K$265K$66K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $272K$391K−$119K$4.9M 990 PDF
FY2024 $394K$384K$10K$5.0M 990 PDF
FY2023 $418K$374K$44K$5.0M 990 PDF
FY2022 $333K$366K−$32K$5.0M 990 PDF
FY2021 $248K$350K−$102K$5.0M 990 PDF
FY2020 Viewing $244K$330K−$86K$5.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $244,442 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $171,142$171,142
VIII-7 Net gain or loss on sales of assetsExcluded from tax $73,300$73,300
VIII-12 Total revenueExcluded from tax $244,442$244,442
Part IX · Statement of functional expenses $330,095 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $264,568$264,568
IX-5 Pay of current officers, directors and key staffManagement $63,777$63,777
IX-11c Accounting feesManagement $1,750$1,750
IX-25 Total functional expensesPrograms $264,568 · Management $65,527 · Fundraising $0$330,095
Part X · Balance sheet $5,137,568 assets, 5 lines filed
X-11 Publicly traded securitiesStart of year $4,730,562$5,137,568
X-16 Total assetsStart of year $5,226,461$5,137,568
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $5,226,461$5,137,568
X-33 Total liabilities and net assetsStart of year $5,226,461$5,137,568
Part XI · Reconciliation of net assets $5,137,568 net assets at year end
XI-1 Total revenue$244,442
XI-2 Total expenses$330,095
XI-3 Revenue less expenses−$85,653
XI-4 Net assets at start of year$5,226,461
XI-9 Other changes in net assets−$3,240
XI-10 Net assets at end of year$5,137,568

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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