Good Sower Foundation Inc
- Assets
- $2.0m
- Revenue
- $415.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 05/2012
- Data as of
- 12/2022
- 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 12/2022, Good Sower Foundation Inc generated $415.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. 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 $128,500. 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
2022
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
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 |
|---|---|---|---|
Yong Kim President | 25 | $0 | |
Judy Lee Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $84 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $15,556 |
| Other Income | $0 |
| Total Revenue | $415,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8 |
| Depreciation | $63 |
| Occupancy | $41,427 |
| Travel, conferences, and meetings | $15,720 |
| Printing and publications | $0 |
| Other expenses | $21,990 |
| Total operating and administrative expenses | $81,226 |
| Contributions, gifts, grants paid | $35,800 |
| Total expenses and disbursements | $117,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,023,519 |
| Savings and temporary cash investments | $891,877 |
| 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 | $36,606 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,542 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,954,544 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Good Sower Foundation Inc has awarded $35,800 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CG USA CHARITABLE FUND PURPOSE: POVERTY AID | $18,400 |
GOOD FRUIT CHURCH PURPOSE: DISCIPLESHIP | $14,400 |
KAFHI KOREAN CHURCH PURPOSE: DISCIPLESHIP | $3,000 |