Goodwin University Educational Services INC

Tax-deductible

East Hartford, CT501(c)(3)Since 2015EducationEIN 81-0703551Revenue $28.6M in FY2025

On file with the IRSgoodwin.edu1 Riverside Dr, 06118-1837 · East Hartford, CTTax-exempt since Mar 2016Supporting org, Type I — 509(a)(3)

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Goodwin University Educational Services, INC. Engages in activities that support, further, and promote Goodwin University, INC. And its commitment to educate students, including contributing to the development of well-educated public school students in the state of connecticut and the communities surrounding Goodwin University, INC. Through involvement with one or more inter-district magnet schools.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 26 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 5
filings with a surplus
Average surplus $1.0M a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.0M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.6M
+70% vs prior year
Spent
$23.7M
To programs
100%
Net assets
$5.2M
By yearFY2021–FY2025
Revenue
$28.6M
FY2025▲ +70%
Tap a bar for its year
Revenue by fiscal year
FY2021$10.8M
FY2022$11.4M
FY2023$12.3M
FY2024$16.8M
FY2025$28.6M
Expenses
$23.7M
FY2025▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.8M
FY2022$11.4M
FY2023$12.3M
FY2024$16.5M
FY2025$23.7M
Net assets
$5.2M
FY2025▲ ×21
Tap a bar for its year
Net assets by fiscal year
FY2021−$39K
FY2022−$39K
FY2023−$39K
FY2024$252K
FY2025$5.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $23.6M Management & general 0% · $107K

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

27 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates public school students and supports university programs through magnet school involvement.

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Provided by the organization

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1 program · $23.6M · in their own filed words · FY2024
01

Goodwin university educational services, inc. Engages in activities that support, further, and promote goodwin university, inc. And its commitment to educate students, including contributing to the development of well-educated public school students in the state of connecticut and the communities surrounding goodwin university, inc.

$23.6Mprogram 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 · 4 grants · $53.7M · 2021–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$28.6M
Ln 12
Gifts and grantsLn 1h$19.2M
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$179K
Money outPt IX
$23.7M
Ln 25
Programscol B$23.6M
Managementcol C$107K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$9.2M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.2M
Government grantsLn 1e$19.2M
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$179K
Total revenueLn 12$28.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$7.5M
Total assetsLn 16$9.2M
LiabilitiesLn 26$4.0M
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.6M$1.3M
Land, buildings, equipmentLn 10c$0$7.5M
Total assetsLn 16$4.0M$9.2M
LiabilitiesLn 26$3.7M$4.0M
Net assetsLn 32$252K$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.7M$16.7M
Other salaries and wagesLn 7$2.7M$2.7M
Other employee benefitsLn 9$378K$378K
Payroll taxesLn 10$104K$104K
Management feesLn 11a$13K$13K
Legal feesLn 11b$43K$43K
Other fees for servicesLn 11g$1.4M$1.3M$41K
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$144K$144K
TravelLn 17$413K$413K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$1.7M$1.7M
All other expensesLn 24e$85K$85K
Total functional expensesLn 25$23.7M$23.6M$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $28.6M$23.7M$4.9M$5.2M 990 PDF
FY2024 $16.8M$16.5M$291K$252K 990 PDF
FY2023 $12.3M$12.3M$0−$39K 990 PDF
FY2022 $11.4M$11.4M$0−$39K 990 PDF
FY2021 $10.8M$10.8M−$19K−$39K 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 FY2025 990 (6 parts)
Part I · Summary $28,599,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,128,267$19,214,412
I-9 Program service revenuePrior year $2,711,295$9,205,508
I-10 Investment incomePrior year $0$179,251
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,839,562$28,599,171
I-13 Grants and similar amounts paidPrior year $13,271,055$16,716,690
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,931,451$3,135,669
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,346,139$3,836,276
I-18 Total expensesPrior year $16,548,645$23,688,635
I-19 Revenue less expensesPrior year $290,917$4,910,536
Part VI · Governance 26 of 27 board members independent, 2 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $28,599,171 across 5 lines filed
VIII-1e Government grants$19,214,412
VIII-1h Total contributions, gifts and grants$19,214,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,205,508$9,205,508
VIII-3 Investment incomeExcluded from tax $179,251$179,251
VIII-12 Total revenueRelated to mission $9,205,508 · Unrelated business $0 · Excluded from tax $179,251$28,599,171
Part IX · Statement of functional expenses $23,688,635 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $16,716,690$16,716,690
IX-7 Other salaries and wagesPrograms $2,653,302$2,653,302
IX-9 Other employee benefitsPrograms $378,450$378,450
IX-10 Payroll taxesPrograms $103,917$103,917
IX-11a Management feesPrograms $12,569$12,569
IX-11b Legal feesPrograms $42,625$42,625
IX-11g Other fees for servicesPrograms $1,308,883 · Management $41,431$1,350,314
IX-12 Advertising and promotionPrograms $35,794$35,794
IX-13 Office expensesPrograms $143,525$143,525
IX-17 TravelPrograms $412,536$412,536
IX-23 InsuranceManagement $65,760$65,760
IX-24 Other expenses (24a–d)Programs $1,688,600$1,688,600
IX-24e All other expensesPrograms $84,553$84,553
IX-25 Total functional expensesPrograms $23,581,444 · Management $107,191 · Fundraising $0$23,688,635
Part X · Balance sheet $9,209,081 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,598,986$1,291,248
X-3 Pledges and grants receivable$153,316
X-4 Accounts receivableStart of year $2,381,729$256,342
X-10c Land, buildings and equipment, netStart of year $0$7,508,175
X-16 Total assetsStart of year $3,980,715$9,209,081
X-17 Accounts payable and accrued expensesStart of year $796,353$600,994
X-19 Deferred revenueStart of year $464,503$477,681
X-25 Other liabilitiesStart of year $2,468,274$2,968,285
X-26 Total liabilitiesStart of year $3,729,130$4,046,960
X-27 Net assets without donor restrictionsStart of year $251,585−$1,981,896
X-28 Net assets with donor restrictions$7,144,017
X-32 Total net assets or fund balancesStart of year $251,585$5,162,121
X-33 Total liabilities and net assetsStart of year $3,980,715$9,209,081
Part XI · Reconciliation of net assets $5,162,121 net assets at year end
XI-1 Total revenue$28,599,171
XI-2 Total expenses$23,688,635
XI-3 Revenue less expenses$4,910,536
XI-4 Net assets at start of year$251,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,162,121

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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