Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE GOODMAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1040
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALISBURY, NC28145
A Employer identification number

56-6034757
B Telephone number (see instructions)

(704) 633-5982
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$13,574,478J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 404,685
2 Check right arrow.............
3 Interest on savings and temporary cash investments 413 413  
4 Dividends and interest from securities... 334,753 328,453  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 134,788
b Gross sales price for all assets on line 6a 361,953
7 Capital gain net income (from Part IV, line 2)... 134,788
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 874,639 463,654  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,200      
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
53,313 52,790    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,589 2,402    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
184 134    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,286 55,326   0
25 Contributions, gifts, grants paid....... 609,000 609,000
26 Total expenses and disbursements. Add lines 24 and 25 683,286 55,326   609,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 191,353
b Net investment income (if negative, enter -0-) 408,328
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 41,327 43,574 43,574
2 Savings and temporary cash investments......... 347,886 359,183 359,183
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 176,561 Click to see attachment
List of Attached Documents:
// Content
125,362 		125,362
b Investments—corporate stock (attach schedule)....... 6,812,244 Click to see attachment
List of Attached Documents:
// Content
8,092,750 		8,092,750
c Investments—corporate bonds (attach schedule)....... 2,784,055 Click to see attachment
List of Attached Documents:
// Content
2,805,277 		2,805,277
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,770,047 Click to see attachment
List of Attached Documents:
// Content
2,148,332 		2,148,332
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,932,120 13,574,478 13,574,478
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 11,932,120 13,574,478
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 11,932,120 13,574,478
30 Total liabilities and net assets/fund balances (see instructions). 11,932,120 13,574,478
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,932,120
2
Enter amount from Part I, line 27a .....................
2
191,353
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,451,005
4
Add lines 1, 2, and 3 ..........................
4
13,574,478
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,574,478
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 134,788
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 5,676
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,676
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,676
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 2,324
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,324 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowARTHUR L HATTAWAY JR Telephone no.right arrow (704) 633-5982

Located atright arrowPO BOX 1040SALISBURYNC ZIP+4right arrow281451040
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JEFFREY V GOODMAN PRESIDENT &
000.00 		0 0 0
PO BOX 1040
SALISBURY,NC281451040
MICHAEL A GOODMAN VICE PRESIDE
000.00 		0 0 0
PO BOX 1040
SALISBURY,NC281451040
DOROTHY G SETTLE SECRETARY
000.00 		0 0 0
P O BOX 1040
SALISBURY,NC28145
ARTHUR L HATTAWAY JR ASST. SECRET
000.00 		0 0 0
PO BOX 1040
SALISBURY,NC281451040
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MODERA WEALTH INVESTMENT MGR 53,313
PO BOX 2324
ASHEVILLE,NC28802
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
12,736,941
b
Average of monthly cash balances.......................
1b
231,460
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,968,401
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
12,968,401
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
194,526
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,773,875
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
638,694
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
638,694
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,676
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,676
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
633,018
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
633,018
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
633,018
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
609,000
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
609,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 633,018
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 599,432
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 609,000
a Applied to 2022, but not more than line 2a 599,432
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 9,568
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		623,450
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALL SOULS COUNSELING CENTER

35 ARLINGTON ST
ASHEVILLE,NC28801 		  PC CHARITABLE USE 1,200

ALZHEIMER'S ASSOCIATION

PO BOX 96011
WASHINGTON,DC200906011 		  PC CHARITABLE USE 28,000

AMERICAN RED CROSS

431 18TH ST NW
WASHINGTON,DC20006 		  PC CHARITABLE USE 1,000

ANNUAL GIVING FOR NC STATE

CAMPUS BOX 7474
RALEIGH,NC276957474 		  PC CHARITABLE USE 10,000

APPALACHIAN REGIONAL HEALTHCARE
FOUNDATION
PO BOX 2600
BOONE,NC28607 		  PC CHARITABLE USE 15,000

ASHEVILLE ART MUSUEM

PO BOX 1717
ASHEVILLE,NC288021717 		  PC CHARITABLE USE 19,820

ASHEVILLE CATHOLIC SCHOOL

12 CULVERN ST
ASHEVILLE,NC28804 		  PC CHARITABLE USE 20,000

BBBC

141 OLDE DUCK RD
DUCK,NC27949 		  PC CHARITABLE USE 1,000

BELL TOWER GREEN

141 EAST COUNCIL STREET
SALISBURY,NC28144 		  PC CHARITABLE USE 3,000

BLACK MOUNTAIN HOME FOR CHILDREN
YOUTH & FAMILIES
80 LAKE EDEN ROAD
BLACK MOUNTAIN,NC28711 		  PC CHARITABLE USE 10,000

BOY SCOUTS OF AMERICA DANIEL BOONE
COUNCIL
333 W HAYWOOD ST
ASHEVILLE,NC28801 		  PC CHARITABLE USE 1,000

BUDDIES PLACE

PO BOX 123593
FORT WORTH,TX761213593 		  PC CHARITABLE USE 2,250

CAMP DIVERSITY FOUNDATION

430 LAKE EDEN RD
BLACK MOUNTAIN,NC28711 		  PC CHARITABLE USE 1,000

CAMP GOOD NEWS

PO BOX 1872
FAIRVIEW,NC287301872 		  PC CHARITABLE USE 200

CAROLINA RESOURCE CENTER FOR EATING
DISORDERS
PO BOX 18103
ASHEVILLE,NC28814 		  PC CHARITABLE USE 60,000

CATAWBA COLLEGE

2300 WEST INNES STREET
SALISBURY,NC28144 		  PC CHARITABLE USE 10,000

CENTRAL UNITED METHODIST CHURCH

27 CHURCH STREET
ASHEVILLE,NC288033049 		  PC CHARITABLE USE 57,100

CHRIST SCHOOL

500 CHRIST SCHOOL RD
ARDEN,NC28704 		  PC CHARITABLE USE 500

CLEMSON UNIVERSITY

105 SIKES HALL
CLEMSON,SC29634 		  PC CHARITABLE USE 10,000

COAST GUARD FOUNDATION

394 TAUGWONK RD
STONINGTON,CT06378 		  PC CHARITABLE USE 2,000

COAST GUARD FOUNDATION

PO BOX 95
ELNA,NH037500095 		  PC CHARITABLE USE 2,000

COOK CHILDREN'S HEALTH FOUNDATION

801 SEVENTH AVE
FORT WORTH,TX76104 		  PC CHARITABLE USE 5,000

EDUCATIONAL FIRST STEPS

4900 SE LOOP 820
SUITE 204
FORT WORTH,TX76140 		  PC CHARITABLE USE 5,000

FIRST BAPTIST CHURCH ASHEVILLE
SACRED GARDEN
5 OAK STREET
ASHEVILLE,NC28801 		  PC CHARITABLE USE 100

GIVENS COMMUNITIES

2360 SWEETEN CREEK RD
ASHEVILLE,NC28803 		  PC CHARITABLE USE 2,000

GRACE LUTHERAN CHURCH

PO BOX 1870
FORT WORTH,TX76101 		  PC CHARITABLE USE 1,000

GRANDFATHER MOUNTAIN STEWARDSHIP
FOUNDATION
PO BOX 129
LINVILLE,NC28646 		  PC CHARITABLE USE 15,000

GREENSBORO COLLEGE

815 WEST MARKET STREET
GREENSBORO,NC27401 		  PC CHARITABLE USE 5,000

HABITAT FOR HUMANITY

33 MEADOW RD
ASHEVILLE,NC288032652 		  PC CHARITABLE USE 3,000

HAYWOOD STREET CONGREGATION

PO BOX 2982
ASHEVILLE,NC28802 		  PC CHARITABLE USE 2,000

HELPMATE

PO BOX 2263
ASHEVILLE,NC28802 		  PC CHARITABLE USE 11,500

HIGH COUNTRY UNITED WAY

PO BOX 247
BOONE,NC28607 		  PC CHARITABLE USE 1,000

HIGH POINT UNIVERSITY

1 UNIVERSITY PARKWAY
HIGH POINT,NC27268 		  PC CHARITABLE USE 10,000

HIGHLAND PARK EDUCATION FOUNDATION

4201 GRASSMERE LANE
DALLAS,TX75205 		  PC CHARITABLE USE 10,000

HISTORIC SALISBURY FOUNDATION

215 DEPOT ST
SALISBURY,NC28144 		  PC CHARITABLE USE 3,000

HOSPITALITY HOUSE NORTHWEST NC

PO BOX 309
BOONE,NC28607 		  PC CHARITABLE USE 3,000

JAMES L WEST CENTER FOR DEMENTIA
CARE
1111 SUMMIT AVENUE
FORT WORTH,TX76102 		  PC CHARITABLE USE 5,000

JULIE AND STEVE GERDES GIVINGS FUND

1100 UPTOWN PARK BLVD
UNIT 192
HOUSTON,TX77056 		  PC CHARITABLE USE 5,000

KIMBELL ART MUSEUM

3333 CAMP BOWIE BLVD
FORT WORTH,TX76107 		  PC CHARITABLE USE 5,000

LEAF GLOBAL ARTS

377 LAKE EDEN RD
BLACK MOUNTAIN,NC28711 		  PC CHARITABLE USE 1,000

LEE STREET THEATRE

329 N LEE STREET
SALISBURY,NC28144 		  PC CHARITABLE USE 3,000

LITERACY TOGETHER

31 COLLEGE PLACE
SUITE B221
ASHEVILLE,NC28801 		  PC CHARITABLE USE 1,000

MANNA FOOD BANK

627 SWANNANOA RIVER RD
ASHEVILLE,NC28805 		  PC CHARITABLE USE 1,200

MD ANDERSON CANCER CENTER

PO BOX 4486
HOUSTON,TX77210 		  PC CHARITABLE USE 10,000

MEALS ON WHEELS

146 VICTORIA ROAD
ASHEVILLE,NC28801 		  PC CHARITABLE USE 1,200

MEMORY CARE

100 FAR HORIZONS LANE
ASHEVILLE,NC28803 		  PC CHARITABLE USE 5,000

MOUNTAIN CHILD ADVOCACY CENTER

11 VANDERBILT PARK DR
SUITE A
ASHEVILLE,NC28803 		  PC CHARITABLE USE 1,000

NATIONAL PARK FOUNDATION

1500 K ST NW STE 700
WASHINGTON,DC20005 		  PC CHARITABLE USE 3,000

NATIONAL PARKS CONSERVATION
ASSOCIATION
PO BOX 97202
WASHINGTON,DC200777435 		  PC CHARITABLE USE 1,750

NATIONAL TAY SACHS AND ALLIED
DISEASE ASSOCIATION
2001 BEACON STREET
NO 204
BRIGHTON,MA02135 		  PC CHARITABLE USE 3,000

NC STATE STUDENT AID ASSOCIATION

PO BOX 896925
CHARLOTTE,NC282896925 		  PC CHARITABLE USE 11,680

NC STATE UNIVERSITY ANNUAL GIVING

CAMPUS BOX 7474
RALEIGH,NC276957474 		  PC CHARITABLE USE 10,000

NORTH CAROLINA ARBORETUM SOCIETY

100 FREDERICK LAW OLMSTED
ASHEVILLE,NC28806 		  PC CHARITABLE USE 2,500

NORTH CAROLINA VETERINARY MEDICAL
FOUNDATION
CAMPUS BOX 7207
RALEIGH,NC27695 		  PC CHARITABLE USE 15,000

PEAK ACADEMY

27 BALM GROVE AVE
ASHEVILLE,NC28806 		  PC CHARITABLE USE 3,000

PIEDMONT PLAYERS THEATER

213 S MAIN ST
SALISBURY,NC28144 		  PC CHARITABLE USE 3,000

PISGAH LEGAL SERVICES

PO BOX 2276
ASHEVILLE,NC28802 		  PC CHARITABLE USE 1,000

SALISBURY SYMPHONY

PO BOX 1828
SALISBURY,NC28145 		  PC CHARITABLE USE 3,000

SALVATION ARMY

204 HAYWOOD ST
ASHEVILLE,NC28801 		  PC CHARITABLE USE 2,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		  PC CHARITABLE USE 5,000

SHARON TOWERS

5100 SHARON RD
CHARLOTTE,NC28210 		  PC CHARITABLE USE 500

SMILEONADG INC

PO BOX 584
VALLE CRUCIS,NC28691 		  PC CHARITABLE USE 1,000

SOUTHERN APPALACHIAN HIGHLANDS
CONSERVANCY
372 MARRIMON AVE
ASHEVILLE,NC28801 		  PC CHARITABLE USE 3,000

ST ANDREWS UNIVERSITY

1700 DOGWOOD MILE
LAURINBURG,NC28352 		  PC CHARITABLE USE 10,000

ST ANDREW'S ANGLICAN CHURCH

917 LAMAR ST
FORT WORTH,TX76102 		  PC CHARITABLE USE 5,000

TARRANT AREA FOOD BANK

2525 CULLEN ST
FORT WORTH,TX76107 		  PC CHARITABLE USE 2,500

TERRY HESS CHILD ADVOCACY CENTER

130 WOODSON ST
SALISBURY,NC28144 		  PC CHARITABLE USE 1,000

TEXAS CHRISTIAN UNVIERSITY

TCU BOX 297044
FORT WORTH,TX76129 		  PC CHARITABLE USE 10,000

THE FWCD FUND

4200 COUNTRY DAY LANE
FORT WORTH,TX76109 		  PC CHARITABLE USE 10,000

THE GOODFELLOWS FUND

PO BOX 1870
FORT WORTH,TX76101 		  PC CHARITABLE USE 2,000

THE LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA22201 		  PC CHARITABLE USE 1,000

THE NORTH CAROLINA PUBLIC TELEVISIO
FOUNDATION
PO BOX 12231
DURHAM,NC27709 		  PC CHARITABLE USE 60,000

UNC ASHEVILLE FOUNDATION INC

1 UNIVERSITY HEIGHTS
ASHEVILLE,NC288048507 		  PC CHARITABLE USE 1,000

UNITED WAY OF ASHEVILLE & BUNCOMBE
COUNTY
50 S FRENCH BROAD AVE
SUITE 100
ASHEVILLE,NC28801 		  PC CHARITABLE USE 35,000

UT SOUTHWESTERN MEDICAL CENTER

PO BOX 910888
DALLAS,TX753910888 		  PC CHARITABLE USE 15,000

UT SOUTHWESTERN MONCRIEF CANCER
INSTITUTE
400 W MAGNOLIA AVE
FORT WORTH,TX76104 		  PC CHARITABLE USE 1,000

WATAUGA HUMANE SOCIETY

312 PAWS WAY
BOONE,NC28607 		  PC CHARITABLE USE 10,000

YOUNG AMERICA'S FOUNDATION

11480 COMMERCE PARK DR
SIXTH FLOOR
RESTON,VA20191 		  PC CHARITABLE USE 7,000
Total .................................right arrow 3a 609,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 413  
4 Dividends and interest from securities ....     14 334,753  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 134,788  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   469,954  
13Total. Add line 12, columns (b), (d), and (e)..................
13
469,954
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE GOODMAN FOUNDATION INC
 
Employer identification number

56-6034757
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE GOODMAN FOUNDATION INC
  		Employer identification number
56-6034757
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
AGGREGATE RESOURCES LLC
 
PO BOX 1040
 
SALISBURY, NC28145

$ 46,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
B V HEDRICK GRAVEL & SAND COMPANY
 
PO BOX 1040
 
SALISBURY, NC28145

$ 201,274


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MATERIAL SALES COMPANY
 
PO BOX 1040
 
SALIBURY, NC28145

$ 20,932


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
CUMBERLAND GRAVEL & SAND COMPANY
 
PO BOX 1040
 
SALISBURY, NC28145

$ 65,319


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
SOUTHERN CONCRETE MATERIALS
 
PO BOX 1040
 
SALISBURY, NC28145

$ 71,160


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE GOODMAN FOUNDATION INC
  		Employer identification number

56-6034757
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE GOODMAN FOUNDATION INC
  		Employer identification number

56-6034757
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Name of Bond End of Year Book Value End of Year Fair Market Value
3M CO 93,486 93,486
BERKSHIRE HATHAW 94,892 94,892
BOOKING HOLDINGS 96,424 96,424
COMCAST 49,700 49,700
DFA INFLATION PROTECTED 170,095 170,095
DFA INVESTMENT GRADE 413,358 413,358
DODGE & COX GLOBAL BOND 272,343 272,343
GILEAD SCIENCES 49,702 49,702
PNC FINL SVCS GRO 94,666 94,666
TRUIST FINL CORP 49,162 49,162
UNITED PARCEL SERV    
VANGUARD INFLATION 416,697 416,697
VANGUARD SHORT TERM 1,004,752 1,004,752

TY 2023 InvestmentsCorpStockSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 128,232 128,232
ALPHABET INC. 124,018 124,018
AMGEN INC. 199,886 199,886
APPLE INC 860,224 860,224
BLACK ROCK INC 370,993 370,993
BRISTOL-MYERS SQUIBB 128,634 128,634
CISCO SYSTEMS INC 265,230 265,230
COMCAST CLASS A 141,811 141,811
CVS CAREMARK CORP    
DOVER CORPORATION 237,636 237,636
EMERSON ELECTRIC CO 134,315 134,315
HOME DEPOT INC 252,982 252,982
HUNTINGTON BANCSHS 107,128 107,128
INTERPUBLIC GRP COS 65,704 65,704
JOHNSON & JOHNSON 158,307 158,307
JPMORGAN CHASE & CO 372,689 372,689
MICROSOFT CORP 987,105 987,105
NOVO NORDISK A/S 504,836 504,836
ORACLE CORP 222,352 222,352
PEPSICO INCORPORATED 271,744 271,744
PNC FINL SERVICES GP INC 198,673 198,673
POLARIS INDUSTRIES 137,890 137,890
PRUDENTIAL FINANCIAL INC    
RIO TINTO PLC SPON ADR F 189,128 189,128
STRYKER CORP 335,395 335,395
TAIWAN SEMICONDUCTOR ADRF 501,280 501,280
TARGET CORPORATION 315,603 315,603
UNILEVER PLC 85,907 85,907
UNITED PARCEL SRVC 274,838 274,838
VISHAY INTERTECH 151,059 151,059
WAL-MART STORES INC 220,237 220,237
WILLIAMS SONOMA 148,914 148,914

TY 2023 InvestmentsGovtObligationsSch
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

 
State & Local Government Securities - End of Year Book Value:


125,362
State & Local Government Securities - End of Year Fair Market Value:


125,362


TY 2023 InvestmentsOtherSchedule2
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DFA EMERGING MKTS CORE FMV 273,138 273,138
DFA INTERNATIONAL CORE EQ FMV 274,469 274,469
DFA US SMALL CAP VALUE FMV 311,894 311,894
ISHARES RUSSELL 2000 FMV 192,682 192,682
VANGUARD FTSE DEVELOPED FMV 347,850 347,850
WIDSOM EMRG MKTS FMV 93,350 93,350
WISDOM US MIDCAP FMV 505,788 505,788
VANGUARD GNMA ADM FMV 89,024 89,024
ISHARES FLOATING RATE FMV 60,137 60,137

TY 2023 LegalFeesSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WOBLE BOND DICKINSON 5,200      


TY 2023 OtherExpensesSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK SERVICE CHARGES 50      
ADR FEES 134 134    


TY 2023 OtherIncreasesSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Description Amount
INCREASE IN MARKET VALUE OF INVESTMENTS 1,451,005


TY 2023 OtherProfessionalFeesSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISOR FEES 53,313 52,790    


TY 2023 TaxesSchedule
Name:
THE GOODMAN FOUNDATION INC
EIN:
56-6034757
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 13,187      
FOREIGN TAXES ON DIVIDENDS 2,402 2,402