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Goodlett Foundation EIN 62-1663934 Form 990 (PDF) Claim this org

Goodlett Foundation

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A private foundation based in Memphis, TN. It reported about $189K in revenue for 2024. For fiscal year 2025 it reported $189K in revenue, $521K in expenses, and $4.5M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Memphis, TN
Filings
5 on file (2020–2025)
Revenue
$189KFY2025
Expenses
$521K
Net assets
$4.5M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  62-1663934 Private foundation / grantmaker Memphis, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Memphis, TN. It reported about $189K in revenue for 2024.
Leadership
Kathleen S Williams · Director/Treasurer · $88K
Money in and out
$189K revenue, $521K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$4.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$331K
Total assets
4.5M
deployed as grants and operations
Grants paid
354K
in FY2025
Grants made
21grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 21 grants · $354K · 2024–2024
St Jude Children's Research Hospital INCTN · FY2024$50,000
Make-A-Wish Foundation of the Mid- South INCTN · FY2024$50,000
Woodland Presbyterian ChurchFY2024$25,000
Le Bonheur Childrens Hospital FoundationTN · FY2024$25,000
Porter-LeathTN · FY2024$25,000
Madonna Learning Center IncorporatedTN · FY2024$25,000
Boys & Girls Clubs of Greater MemphisFY2024$20,000
Mid South Therapy Dogs INCTN · FY2024$20,000
Catholic Charities of West TnFY2024$20,000
The Peer Power Foundation INCTN · FY2024$15,000
Most - Memphis Opportunity Scholarship TrustFY2024$15,000
Youth Villages INCTN · FY2024$10,000
Memphis Inner City RugbyTN · FY2024$10,000
Mifa - Metropolitan Inter-Faith AssociationFY2024$10,000
Literacy Mid South INCTN · FY2024$10,000
Habitat for Humanity of Greater MemphisFY2024$5,000
Church HealthFY2024$5,000
Ronald McDonald HouseFY2024$5,000
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV12
Average grantPart XV$17K
Median grantPart XV$15K
Largest grantPart XV$50K
Top cause focusNTEEHealth Care (19%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$189K
FY2025▼ -79%
Expenses
$521K
FY2025▲ +2%
Total assets
$4.5M
FY2025▼ -7%
Total liabilities
$0
FY2025
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$521K
Pt IX · Ln 25
Net assets
$4.5M
Pt X · Ln 32
Total assetsPt II$4.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGoodlett Foundation
EINHdr · item D62-1663934
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20J)
Ruling yearIRS BMFSep 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kathleen S Williams
Director/Treasurer
$87,500Pt VII · Sec A
David a Dunehew
Director/President
$0Pt VII · Sec A
Warner B Rodda
Director/Asst. Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Goodlett Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$189K
Total revenueLn 12$189K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.68 Operating & administrative $0.32
Grants & contributions paid68%$354K
Operating & administrative32%$167K
Total functional expensesLn 25$521K

Balance Sheet

Part X · end of year
CashLn 1$273K
Total assetsLn 16$4.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.5M
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $4.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $189K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $189K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $189K · Prior year $885K
-79%
Revenue CAGR
FY2019 $187K · FY2024 $189K
+0.2%
Net-asset trend (YoY)
End of year $4.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $189K · Expenses $521K
-175%
Liabilities-to-Assets
Total liabilities — · Total assets $4.5M
—
Net-asset ratio
Net assets $4.5M · Total assets $4.5M
100%
People & payroll
Highest Reported Total Compensation
Individual Kathleen S Williams · Reported title DIRECTOR/TREASURER · Highest reported compensation $88K · Total expenses $521K
17%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -79%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$189K revenue · viewing · ⤓ 990 PDF
FY2024$885K revenue · ⤓ 990 PDF
FY2023$218K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$454K revenue · ⤓ 990 PDF
FY2020$187K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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