Good Sower Foundation Inc
- Assets
- $1.7m
- Revenue
- $498.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-3118916
Organization Overview
Good Sower Foundation Inc is located in Laurel, MD. The organization was established in 2012. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Sower Foundation 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 12/2021, Good Sower Foundation Inc generated $498.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $178.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Good Sower Foundation Inc has awarded 11 individual grants totaling $128,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOOD SOWER BIO IS A PROJECT THAT HELPS RESTAURANTS PROPERLY
THE LIGHTHOUSE YOUTH AND SAT PROGRAM PROVIDES UNDERSERVED
PROVIDE CHRISTIAN WITNESS TO NON-BELIEVERS AND OFFER PRAYER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yong Kim President | 25 | $0 | |
Judy Lee Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,067 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $133,232 |
| Other Income | $0 |
| Total Revenue | $498,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,860 |
| Occupancy | $37,367 |
| Travel, conferences, and meetings | $20,392 |
| Printing and publications | $0 |
| Other expenses | $105,033 |
| Total operating and administrative expenses | $171,244 |
| Contributions, gifts, grants paid | $7,524 |
| Total expenses and disbursements | $178,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $805,604 |
| Savings and temporary cash investments | $778,243 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $70,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,605 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,656,452 |
| Accounts payable and accrued expenses | $1,052 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,052 |
Grants Awarded
Over the last fiscal year, Good Sower Foundation Inc has awarded $71,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JOY PURPOSE: SUPPORT MISSION | $20,000 |
CHURCH OF JOY PURPOSE: SUPPORT MISSION | $20,000 |
CRU US MINISTRY PURPOSE: AID CRU MISSION | $9,000 |
CRU US MINISTRY PURPOSE: AID CRU MISSION | $9,000 |
CG USA CHARITABLE FUND PURPOSE: POVERTY AID | $6,600 |
CG USA CHARITABLE FUND PURPOSE: POVERTY AID | $6,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Street Properties Inc Baltimore, MD | $154,077,614 | $36,794,254 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
St Barnabas Health System Inc Gibsonia, PA | $11,393,428 | $11,432,241 |
National Association Of Free And Charitable Clinics Inc Alexandria, VA | $2,287,397 | $8,345,135 |
Southwestern Pennsylvania Human Services Inc Charleroi, PA | $7,239,784 | $6,185,914 |
Worksource Montgomery Inc Rockville, MD | $5,927,407 | $5,113,270 |
Rebuild Metro Inc Baltimore, MD | $30,641,371 | $4,243,559 |
Maryland Association Of Non-Profit Organizations Inc Baltimore, MD | $840,898 | $3,701,384 |
Community Service Building Corporation Wilmington, DE | $29,155,415 | $3,064,046 |
University Of Maryland Shore Regional Health Inc Easton, MD | $2,455,289 | $2,547,874 |
Arc Alliance Eagleville, PA | $3,445,139 | $2,928,067 |
Change Elemental Washington, DC | $3,965,424 | $2,608,133 |