Good360
- Assets
- $59.4m
- Revenue
- $1.7b
- Investments
- $0.0
- Employees
- 92
- Location
- Alexandria, VA
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 54-1282616
Organization Overview
Good360 is located in Alexandria, VA. The organization was established in 1984. According to its NTEE Classification (Q19) the organization is classified as: Support N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Good360 employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good360 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, Good360 generated $1.7b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 24.2% per year over the past 7 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.
Since 2014, Good360 has awarded 8,385 individual grants totaling $2,040,007,198. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOOD360'S MISSION IS TO CLOSE THE NEED GAP. AS THE GLOBAL LEADER IN PRODUCT PHILANTHROPY AND PURPOSEFUL GIVING, WE PARTNER WITH SOME OF THE WORLD'S LARGEST CORPORATIONS TO SOURCE ESSENTIAL GOODS AND DISTRIBUTE THEM THROUGH OUR NETWORK OF DIVERSE NONPROFITS, SUPPORTING PEOPLE IN NEED AND OPENING OPPORTUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE GLOBAL LEADER IN PRODUCT PHILANTHROPY AND PURPOSEFUL GIVING, GOOD360'S MISSION IS TO CLOSE THE NEED GAP BY PARTNERING WITH SOCIALLY RESPONSIBLE COMPANIES TO SOURCE HIGHLY NEEDED GOODS AND DISTRIBUTE THEM THROUGH OUR NETWORK OF DIVERSE NONPROFITS THAT SUPPORT PEOPLE IN NEED. WE LIVE IN A WORLD OF PLENTY, YET MILLIONS OF PEOPLE FIND THEMSELVES IN CRITICAL NEED EVERY DAY. WE WORK WITH OUR PARTNERS TO DELIVER MILLIONS OF DONATED ITEMS EACH YEAR TO OUR NETWORK OF MORE THAN 100,000 NONPROFIT MEMBERS ACROSS THE UNITED STATES AND INTERNATIONALLY. IN 2021 GOOD360 DISTRIBUTED MORE THAN $1.6 BILLION IN DONATED GOODS BY LEVERAGING OUR DEEP PARTNERSHIPS AND ROBUST OPERATING CAPABILITIES TO SCALE IN ORDER TO SUPPORT OUR PARTNERS IMPACTED BY COVID-RELATED SUPPLY CHAIN DISRUPTIONS. FROM TOYS FOR CHILDREN TO PERSONAL CARE ITEMS AND HOME GOODS FOR SURVIVORS OF DISASTERS TO MATTRESSES FOR THE RECENTLY HOMELESS, GOOD360 EXTENDS THE USEFUL LIFE OF PRODUCTS, KEEPING MILLIONS OF POUNDS OF GOODS OUT OF LANDFILLS OR FROM OTHERWISE GOING TO WASTE EACH YEAR. WE HELP COMPANIES ACHIEVE SUSTAINABILITY AND ZERO-WASTE GOALS WHILE FULFILLING THE GROWING NEEDS OF OUR NETWORK OF PRE-QUALIFIED NONPROFITS BY GETTING THE RIGHT GOODS TO THE RIGHT PEOPLE AT THE RIGHT TIME. GOOD360 IS THE LINK BETWEEN ORGANIZATIONS WITH SO MUCH TO GIVE AND COMMUNITIES IN CRITICAL NEED, CLOSING THAT GAP AND OPENING UP NEW OPPORTUNITIES FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Connelly CEO | Officer | 40 | $276,000 |
Michael Avis CPA CFO | Officer | 40 | $220,500 |
Richard Barney COO | Officer | 40 | $220,500 |
Shari Rudolph Cmo | Officer | 40 | $220,500 |
Erin Dillenbeck Director, Corporate Development | 40 | $216,250 | |
Stephane Moulec Cto | Officer | 40 | $177,705 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midtenn Logistics Llc Transportation - Shipping Carrier | 12/30/21 | $983,700 |
A&c Business Enterprises Warehousing And Handling Fees | 12/30/21 | $3,963,571 |
Ch Robinson Worldwide Inc Transportation - Shipping Carrier | 12/30/21 | $2,557,197 |
Ait Worldwide Logistics Transportation - Shipping Carrier | 12/30/21 | $463,625 |
Transportion Insight Llc Transportation - Shipping Carrier | 12/30/21 | $549,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $797,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,675,455,450 |
| Noncash contributions included in lines 1a–1f | $1,663,992,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,676,252,768 |
| Total Program Service Revenue | $11,697,642 |
| Investment income | $137,398 |
| 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 | $1,082,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,689,563,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,688,123,995 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,125,875 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,173,678 |
| Compensation of current officers, directors, key employees. | $328,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,236,518 |
| Pension plan accruals and contributions | $50,299 |
| Other employee benefits | $284,332 |
| Payroll taxes | $327,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,961 |
| Fees for services: Accounting | $103,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $364,642 |
| Advertising and promotion | $0 |
| Office expenses | $298,367 |
| Information technology | $423,120 |
| Royalties | $0 |
| Occupancy | $679,802 |
| Travel | $162,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,851 |
| Interest | $31,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,961 |
| Insurance | $83,644 |
| All other expenses | $37,248 |
| Total functional expenses | $1,725,173,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,433 |
| Savings and temporary cash investments | $351,314 |
| Pledges and grants receivable | $7,651,547 |
| Accounts receivable, net | $1,609,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,016,820 |
| Prepaid expenses and deferred charges | $78,240 |
| Net Land, buildings, and equipment | $850,334 |
| Investments—publicly traded securities | $5,044,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,786 |
| Other assets | $143,575 |
| Total assets | $59,444,339 |
| Accounts payable and accrued expenses | $2,544,705 |
| Grants payable | $0 |
| Deferred revenue | $651,809 |
| 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 | $282,011 |
| Unsecured mortgages and notes payable | $157,834 |
| Other liabilities | $99,036 |
| Total liabilities | $3,735,395 |
| Net assets without donor restrictions | $54,982,932 |
| Net assets with donor restrictions | $726,012 |
| 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 | $59,444,339 |
Grants Awarded
Over the last fiscal year, Good360 has awarded $615,748,865 in support to 2,097 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: TO ASSIST THOSE IN NEED. | $68,694,619 |
Front Royal, VA PURPOSE: TO ASSIST THOSE IN NEED. | $34,252,132 |
Lexington, TN PURPOSE: TO ASSIST THOSE IN NEED. | $21,621,862 |
Alma, AR PURPOSE: TO ASSIST THOSE IN NEED. | $20,718,369 |
East Brunswick, NJ PURPOSE: TO ASSIST THOSE IN NEED. | $17,795,136 |
Huntington, NY PURPOSE: TO ASSIST THOSE IN NEED. | $16,191,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Good360 has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Arbutus Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Environmental Investigation Agency Washington, DC | $7,230,808 | $6,987,588 |
Air Serv International Inc Remington, VA | $6,803,077 | $2,257,482 |
International Corrugated Packaging Foundation Alexandria, VA | $19,340,867 | $1,163,366 |
Kumveka Richmond, VA | $255,793 | $436,165 |
Operation Renewed Hope Medical Missions Agency Fayetteville, NC | $827,138 | $505,279 |
Mission Safety International Inc Elizabethton, TN | $221,471 | $449,612 |
Crosspoint Of India Inc Bartlett, TN | $352,189 | $253,130 |
Christalis Inc Burtonsville, MD | $326,402 | $244,300 |
Outposts Of Hope Inc Durham, NC | $32,425 | $0 |
Worldwide Hearts & Hands Inc Lexington, KY | $444,668 | $177,427 |
Missionaire International Winchester, TN | $0 | $0 |
Blue Mountain Project Washington, DC | $28,816 | $0 |