Growgood Inc
- Assets
- $462.6k
- Revenue
- $374.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Santa Monica, CA
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-5472840
Organization Overview
Growgood Inc is located in Santa Monica, CA. The organization was established in 2012. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Growgood Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growgood 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, Growgood Inc generated $374.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $270.8k during the year ending 12/2022. While expenses have increased by 18.6% per year over the past 8 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
WE BELIEVE IN THE POWER OF FOOD TO UNITE PEOPLE AND TO LAY FOUNDATIONS FOR HEALTHY COMMUNITIES. GROWGOOD INC. (GROWGOOD) HAS TRANSFORMED A 1.5 ACRE VACANT PARCEL OF LAND ADJACENT TO THE SALVATION ARMY'S BELL SHELTER INTO AN URBAN FARM PROVIDING FRESH PRODUCE TO THE SHELTER'S KITCHEN; A THERAPEUTIC GREEN SPACE FOR SPIRITUAL AND EMOTIONAL HEALING; AND EMPLOYMENT OPPORTUNITIES FOR THE SHELTER'S RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, GROWGOOD AS AN ORGANIZATION CONTINUED TO OPERATE ITS PROGRAMS WITH SOME LIMITATIONS DUE TO THE ONGOING COVID-RELATED IMPACTS FOR THE HOMELESS POPULATION WE ARE SERVING. ON A WEEKLY BASIS, THE FOOD FOR LIFE PROGRAM WAS HOSTED IN OUR OUTDOOR THERAPY SPACE AND WE INCREASED THE CLASSES TO TWICE WEEKLY SESSIONS THAT ARE REQUIRED FOR THE BELL SHELTER WELLNESS PARTICIPANTS. THROUGH THIS PROGRAM WE TAUGHT 624 INDIVIDUAL INSTRUCTIONAL HOURS. ON AVERAGE, THERE WERE 15 PARTICIPANTS FROM THE BELL SHELTER AT EACH CLASS. IN ADDITION TO OUR THERAPY PROGRAMS, FARMING ACTIVITIES CONTINUED WITH FRESH PRODUCE DONATIONS DIRECTLY TO THE BELL SHELTER'S KITCHEN. UP TO 100 POUNDS OF FRESH PRODUCE WAS DELIVERED EACH WEEK TO THE (CON SCH O) KITCHEN. SHELTER RESIDENTS WERE ENGAGED TO PARTICIPATE IN FARMING ACTIVITIES AND TO PROVIDE SUPPORT ON THE FARM.FURTHERMORE, COMMUNITY VOLUNTEER EVENTS WERE HELD ON A REGULAR BASIS, TYPICALLY 2-3 PER MONTH. IN 2022 WE SERVED 850 COMMUNITY MEMBERS WHO VOLUNTEERED TIME TO PERFORM FARMING ACTIVITIES THAT BENEFITED THE BELL SHELTER BY PROVIDING A GREEN SPACE FOR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Pregerson Board Co-Chair | OfficerTrustee | 20 | $0 |
Andrew Hunt Board Co-Chair | OfficerTrustee | 15 | $0 |
Jonathan Figlin Director, Treasurer, Secre | OfficerTrustee | 5 | $0 |
Mark Anderson Director | Trustee | 5 | $0 |
Neha Agrawal Director | Trustee | 5 | $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 | $305,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,495 |
| Total Program Service Revenue | $46,640 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,025 |
| 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 | -$2,859 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,311 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $608 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,299 |
| Advertising and promotion | $772 |
| Office expenses | $4,578 |
| Information technology | $977 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,868 |
| Insurance | $28,748 |
| All other expenses | $5,903 |
| Total functional expenses | $270,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,066 |
| Savings and temporary cash investments | $200,010 |
| 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 | $2,697 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $158,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $462,624 |
| 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 | $22 |
| Total liabilities | $22 |
| Net assets without donor restrictions | $462,602 |
| 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 | $462,624 |