Common Good Community Development Corporation
- Assets
- $1.2m
- Revenue
- $810.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Lexington, KY
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-3950421
Organization Overview
Common Good Community Development Corporation is located in Lexington, KY. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Common Good Community Development Corporation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Good Community Development Corporation 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, Common Good Community Development Corporation generated $810.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $709.8k during the year ending 12/2022. While expenses have increased by 19.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUMMER CARE AND AFTER SCHOOL CARE FOR K-12 STUDENTS TO PROVIDE A SAFE, SUPERVISED ENVIRONMENT THAT OFFERS NUTRITOUS MEALS, HOMEWORK HELP, AND MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAM SERVES K-12TH GRADE FOUR DAYS/WEEK. STUDENTS RECEIVE NUTRITIOUS MEALS, SAFE PLACE AFTER SCHOOL, HOMEWORK ASSISTANCE/MENTORING IN SUPERVISED ENVIRONMENT. 78 STUDENTS SERVED.
MISSION TRANSITION, PATH PROGRAM
SUMMER PROGRAM PROVIDES SAFE, SUPERVISED PLACE FOR K-12TH GRADE STUDENTS. THIS PROGRAM WEAVES TOGETHER MULTIPLE ELEMENTS: BASIC NEEDS, EDUCATION, RECREATION, SPIRTUAL FORMATION/LEADERSHIP DEVELOPMENT. 59 STUDENTS SERVED.
MATCHSTICK GOODS LAUNCHED IN 2019 AND EMPLOYS STUDENTS (4) AND GRADUATES (3). THE STUDENTS AND GRADUATES MAKE HANDMADE CERAMIC GOODS WHILE GIVING YOUNG PEOPLE A CREATIVE VOICE, BUSINESS EXPERIENCE AND THE ABILITY TO EARN A FAIR WAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Grier President | OfficerTrustee | 2 | $0 |
Suzannah Sizemore Vice President | OfficerTrustee | 2 | $0 |
Ben Miller Treasurer | OfficerTrustee | 2 | $0 |
Marishia Hamilton Board Member | Trustee | 2 | $0 |
Christy Hiler Board Member | Trustee | 2 | $0 |
Dor'cas Kaindu Board Member | Trustee | 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 | $775,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,560 |
| Total Program Service Revenue | $1,315 |
| Investment income | $0 |
| 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 | $29,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $809,976 |
| 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. | $65,620 |
| Compensation of current officers, directors, key employees. | $23,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,012 |
| Payroll taxes | $37,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,412 |
| Office expenses | $1,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,535 |
| Travel | $5,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,265 |
| Insurance | $3,784 |
| All other expenses | $133,318 |
| Total functional expenses | $709,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,164 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $55,722 |
| Net Land, buildings, and equipment | $194,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,750 |
| Accounts payable and accrued expenses | $4,283 |
| 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 | $0 |
| Total liabilities | $4,283 |
| Net assets without donor restrictions | $1,185,884 |
| Net assets with donor restrictions | $17,583 |
| 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 | $1,207,750 |