Good Jobs Institute
- Assets
- $1.9m
- Revenue
- $991.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-0730634
Organization Overview
Good Jobs Institute is located in Cambridge, MA. The organization was established in 2018. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2021, Good Jobs Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Jobs Institute 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 Jobs Institute generated $991.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $441.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP COMPANIES THRIVE BY CREATING GOOD JOBS AND TO IMPROVE THE JOBS AND LIVES OF LOW-WAGE WORKERS IN A SUSTAINABLE WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIP FEES- THE INSTITUTE DEVELOPS STANDALONE TOOLS AND GUIDES THAT WILL ALLOW COMPANIES AND INVESTORS TO ASSESS WHERE THEY STAND VIS-A-VIS THE GOOD JOBS STRATEGY AND PLAN AND IMPLEMENT SYSTEMS TO PROVIDE BETTER JOBS FOR LOW-WAGE WORKERS. THE INSTITUTE EDUCATES COMPANIES THAT WANT TO PURSUE THE GOOD JOBS STRATEGY AND PARTNER WITH THEM IN TRAINING, CAPACITY DEVELOPNMENT, LEADERSHIP ENGAGEMENT AND SYSTEM IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Kalloch Executive Director | Officer | 40 | $179,978 |
Zeynep Ton President | Trustee | 15 | $0 |
Roger Martin Director | Trustee | 1 | $0 |
Betty Jane Hess Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ann Hermes Video Design | 12/30/17 | $5,065 |
Samet & Company Pc Accounting | 12/30/17 | $14,000 |
Beacon Hill Law Group Legal Services | 12/30/17 | $5,717 |
Charles Pabst Website Design | 12/30/17 | $5,000 |
Paul Millerd-vivo Strategies Website Design/consulting | 12/30/17 | $35,067 |
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 | $852,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $852,500 |
| Total Program Service Revenue | $139,341 |
| Investment income | $74 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,915 |
| 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. | $208,326 |
| Compensation of current officers, directors, key employees. | $6,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,853 |
| Pension plan accruals and contributions | $4,340 |
| Other employee benefits | $8,553 |
| Payroll taxes | $24,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110 |
| Office expenses | $3,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,540 |
| 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 | $0 |
| Insurance | $10,118 |
| All other expenses | $194 |
| Total functional expenses | $441,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $850,000 |
| Accounts receivable, net | $102,790 |
| 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 | $158 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,515 |
| Accounts payable and accrued expenses | $23,001 |
| Grants payable | $0 |
| Deferred revenue | $68,500 |
| 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 | $91,501 |
| Net assets without donor restrictions | $923,014 |
| Net assets with donor restrictions | $850,000 |
| 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 | $1,864,515 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Good Jobs Institute has recieved totaling $1,309,000.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $850,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $300,000 |
Just Capital Foundation Inc New York, NY PURPOSE: WORKER FINANCIAL WELLNESS INITIATIVE | $159,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Management Association Int New York, NY | $77,149,210 | $37,409,276 |
Edadvance Litchfield, CT | $20,506,260 | $33,747,660 |
University At Buffalo Surgeons Inc Buffalo, NY | $17,240,216 | $29,546,953 |
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Green Mountain Higher Education Consortium Inc Shelburne, VT | $1,891,239 | $6,372,980 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
National Center For The Improvement Of Educational Assessment Inc Dover, NH | $8,277,343 | $5,732,746 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |