One World Goods Inc
- Assets
- $323.3k
- Revenue
- $300.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Rochester, NY
- Founding
- 04/1994
- Data as of
- 03/2024
- EIN
- 16-1436931
Organization Overview
One World Goods Inc is located in Rochester, NY. The organization was established in 1994. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 03/2024, One World Goods Inc employed 6 individuals. This organization is the central organization for a national or regional group of organizations. One World Goods Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, One World Goods Inc generated $300.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $275.1k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE SOCIAL AND ECONOMIC CONDITION OF ARTISANS AROUND THE WORLD THROUGH FAIR TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY PURPOSE IS TO PROVIDE A FAIR TRADE OUTLET IN THE GREATER ROCHESTER, NY AREA FOR ARTISANS IN DEVELOPING COUNTRIES AROUND THE WORLD. WE ALSO PROVIDE A FAIR TRADE OUTLET FOR CRAFT ITEMS MADE AT SEVERAL 501(C)(3) ORGANIZATIONS LOCATED IN THE ROCHESTER, NY AREA. THEY ARE PRIMARY SHELTERS FOR PHYSICALLY AND DRUG ABUSED WOMEN AND CHILDREN. WE ESTIMATE THAT OUR SALE OF GOODS MADE IN DEVELOPING COUNTRIES HAVE PROVIDED A DECENT INCOME FOR ABOUT 1,500 FAMILIES.
AS PART OF OUR SUPPORT FOR OTHER LOCAL GREATER ROCHESTER 501(C)(3) ORGANIZATIONS, WE TYPICALLY HOST SEVERAL EVENINGS IN OUR STORE WHERE THEIR VOLUNTEERS MAY SHOP AND WE THEN DONATE 15% OF SUCH SALES TO THEIR ORGANIZATIONS.
THE SECOND PART OF OUR MISSION IS TO EDUCATE AMERICANS LIVING IN THE GREATER ROCHESTER AREA ABOUT THE ISSUES RELATED TO GLOBAL POVERTY AND FAIR TRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Bird Corresponding Secretary | OfficerTrustee | 1.2 | $0 |
Janet Coster Director | Trustee | 1.2 | $0 |
Mary Ann Obark Secretary | OfficerTrustee | 1.2 | $0 |
Chris Gonzalez President | OfficerTrustee | 1.2 | $0 |
Melinda Whitbeck Vice President | OfficerTrustee | 1.2 | $0 |
Sherry Youngblood Director | Trustee | 1.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,850 |
| Total Program Service Revenue | $0 |
| Investment income | $862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $297,786 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,160 |
| Compensation of current officers, directors, key employees. | $12,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,898 |
| Advertising and promotion | $10,411 |
| Office expenses | $28,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,730 |
| Travel | $1,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,198 |
| Insurance | $4,220 |
| All other expenses | $2,097 |
| Total functional expenses | $275,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,633 |
| Savings and temporary cash investments | $68,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,281 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,982 |
| Investments—publicly traded securities | $80,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,368 |
| Total assets | $323,289 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,781 |
| Total liabilities | $11,781 |
| Net assets without donor restrictions | $311,508 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $323,289 |