Goodness Web Foundation EIN 84-3607923

Goodness Web Foundation

EIN  84-3607923 Public foundation / grantmaker Wayland, MA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Connects leaders, donors, and partners to fund and accelerate promising mental healthcare initiatives for youth.
Leadership
Celine Wambold · Chief Executive Officer (from May) · $146K
Money in and out
$4.6M revenue, $638K expenses
Bottom line
47% program efficiency

Connects leaders, donors, and partners to fund and accelerate promising mental healthcare initiatives for youth. For fiscal year 2024 it reported $4.6M in revenue, $638K in expenses, and $7.7M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$638K
Pt IX · Ln 25
Net assets
$7.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.9M
Where spending went · Part IX cols B–D
Program services $0.47 Management & general $0.28 Fundraising $0.26
Program efficiency
47%
of spending reaches programs▼ -50% vs prior filing year
Operating runway
50.4mo
months of highly liquid reserves at operating expense rate▲ ×11 vs prior filing year
Surplus margin
+86%
revenue over expenses, this year▲ +134% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.6M
FY2024▲ +163%
Expenses
$638K
FY2024▼ -90%
Total assets
$9.0M
FY2024▲ +12%
Total liabilities
$1.3M
FY2024▼ -69%
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$638K
Pt IX · Ln 25
Net assets
$7.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.9M
Total assetsPt X · Ln 16$9.0M
Program-expense ratioPt IX · col B47%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $297K of program spending, described in the organization's own filed words · FY2024.
01

The foundation aims to activate networks of great leaders with big hearts, who are impatient for change, and who are willing to make bold bets on the promising solutions that we know exist in the world of mental healthcare.

$297Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGoodness Web Foundation
EINHdr · item D84-3607923
Principal addressHdr · item CWayland, MA
WebsiteHdr · item Jwww.thegoodnessweb.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T01)
Ruling yearIRS BMFMar 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer (from May)
$145,577Pt VII · Sec A
Chief Operating Officer (thru July)
$108,638Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Celine Wambold’s $146K as Chief Executive Officer (from May) is at the 62nd percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nancy Caruso$197,880$250,000$183,814
Deborah J Kogan See Sch O$169,700
Celine Wambold$145,577
Nancy Goldsmith-Caruso$108,638
Jessie Shaw$93,917$81,896
Jessie Shawsecclerkfrom1021$73,344

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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Statement of Revenue

Part VIII
Contributions & grants$4.5M · 98%
Investment income$81K · 2%
Contributions & grants98%$4.5M
Investment income2%$81K
Total revenueLn 12$4.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.47 Management & general $0.28 Fundraising $0.26
Program services47%$297K
Management & general28%$177K
Fundraising26%$164K
Total functional expensesLn 25$638K

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$9.0M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$7.7M
Months of cash on handcomputed50.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses/yr $638K
50.4 months
Where the money goes
Program services
Program services $297K · Total expenses $638K
47%
Management & General
Management & general $177K · Total expenses $638K
28%
Fundraising
Fundraising $164K · Total expenses $638K
26%
Cost to raise $1
Fundraising expense (3-yr avg) $91K · Solicited contributions (3-yr avg) $4.0M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.5M · Total revenue $4.6M
98%
Government reliance
Government grants — · Total revenue $4.6M
Earned-income share
Program service revenue $0 · Total revenue $4.6M
0%
Investment reliance
Investment income $81K · Total revenue $4.6M
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $638K
0%
Growth & trend
Revenue growth (YoY)
This year $4.6M · Prior year $1.7M
+163%
Revenue CAGR
FY2020 $278K · FY2024 $4.6M
+101%
Net-asset trend (YoY)
End of year $7.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.6M · Expenses $638K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $9.0M
Net-asset ratio
Net assets $7.7M · Total assets $9.0M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Celine Wambold · Reported title CHIEF EXECUTIVE OFFICER (FROM MAY) · Highest reported compensation $146K · Total expenses $638K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $372K · Total expenses $638K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 47%
Overhead ratio 28%
Fundraising cost ratio 4%
Revenue growth 163%
Legal fee ratio 0%
Accounting fee ratio 9%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$20K
Grants paid · 17 grants · $12.9M · 2022–2024
Mass General Brigham IncorporatedMA · FY2023$1,400,000
Mass General Brigham IncorporatedMA · FY2023$1,400,000
The Jed FoundationNY · FY2023$1,000,000
The Jed FoundationNY · FY2023$1,000,000
The Jed FoundationNY · FY2023$1,000,000
The Jed FoundationNY · FY2023$1,000,000
Inseparable INCDC · FY2023$400,000
Inseparable INCDC · FY2023$400,000
One Mind InstituteCA · FY2023$350,000
One Mind InstituteCA · FY2023$350,000
The Jed FoundationNY · FY2022$500,000
Inseparable INCDC · FY2022$400,000

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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
FY2024 (Latest)$4.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$5.8M revenue · ⤓ 990 PDF
FY2021$5.1M revenue · ⤓ 990 PDF
FY2020$278K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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