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Nonprofiteer
← GOOD360

Form 990 for tax year 2023

Filed by GOOD360.

Totals

Total revenue
$3,062,491,070
Total expenses
$2,971,273,902
Contributions and grants received
$3,042,130,356
Grants paid
$2,939,530,492
Program service revenue
$19,075,286
Investment income
$112,062
Other revenue
$1,173,366
Total assets, end of year
$172,780,759
Total liabilities, end of year
$7,903,450
Net assets or fund balances, end of year
$164,877,309
Program services expenses (Part IX)
$2,963,145,014
Management and general expenses
$4,921,443
Fundraising expenses
$3,207,445
Program service expenses (Part III)
$2,963,145,014

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,042,130,356

  • 1g · Noncash contributions included above

    $3,029,673,530

  • 2a · Program service revenue: SHIPPING AND HANDLING

    total $17,201,166 · related or exempt $17,201,166

  • 2b · Program service revenue: RETAIL DONATION PARTNE

    total $1,874,120 · related or exempt $1,874,120

  • 3 · Investment income

    total $286,583 · excluded $286,583

  • 7a · Gross sales of assets other than inventory

    securities $4,443,061

  • 7b · Less cost or other basis and sales expenses

    securities $4,617,582

  • 7c · Gain or loss

    securities -$174,521

  • 7d · Net gain or loss

    total -$174,521 · excluded -$174,521

  • 10a · Gross sales of inventory

    $1,809,342

  • 10b · Cost of goods sold

    $635,976

  • 10c · Net income from sales of inventory

    total $1,173,366 · related or exempt $1,173,366

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,897,203,734 · program services $2,897,203,734

  • 3 · Grants to foreign organizations and individuals

    total $42,326,758 · program services $42,326,758

  • 5 · Compensation of officers, directors and key employees

    total $974,503 · program services $432,779 · management and general $276,609 · fundraising $265,115

  • 6 · Compensation of disqualified persons

    total $77,622 · program services $34,472 · management and general $22,033 · fundraising $21,117

  • 7 · Other salaries and wages

    total $6,470,624 · program services $2,873,620 · management and general $1,836,662 · fundraising $1,760,342

  • 8 · Pension plan contributions

    total $138,577 · program services $61,543 · management and general $39,334 · fundraising $37,700

  • 9 · Other employee benefits

    total $469,095 · program services $208,327 · management and general $133,151 · fundraising $127,617

  • 10 · Payroll taxes

    total $472,330 · program services $209,763 · management and general $134,069 · fundraising $128,498

  • 11b · Fees: legal

    total $448,450 · management and general $448,450

  • 11c · Fees: accounting

    total $68,565 · management and general $68,565

  • 11g · Fees: other

    total $620,521 · program services $8,827 · management and general $606,287 · fundraising $5,407

  • 12 · Advertising and promotion

    total $416,851 · management and general $216,763 · fundraising $200,088

  • 13 · Office expenses

    total $569,357 · program services $2,576 · management and general $510,630 · fundraising $56,151

  • 14 · Information technology

    total $755,445 · program services $335,495 · management and general $214,430 · fundraising $205,520

  • 16 · Occupancy

    total $375,787 · program services $225,664 · management and general $76,654 · fundraising $73,469

  • 17 · Travel

    total $392,213 · program services $174,183 · management and general $111,328 · fundraising $106,702

  • 19 · Conferences, conventions and meetings

    total $159,932 · program services $71,026 · management and general $45,396 · fundraising $43,510

  • 22 · Depreciation, depletion and amortization

    total $548,139 · program services $243,430 · management and general $155,587 · fundraising $149,122

  • 23 · Insurance

    total $111,144 · program services $111,144

  • 24a · Other expenses: LOGISTICS

    total $18,115,856 · program services $18,115,856

  • 24b · Other expenses: DISASTER RECOVERY PRODU

    total $436,216 · program services $436,216

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $89,821 · program services $39,890 · management and general $25,495 · fundraising $24,436

  • 24d · Other expenses: MISCELLANEOUS

    total $32,362 · program services $29,711 · fundraising $2,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,876,725 · end of year $1,731,165

  • 2 · Savings and temporary cash investments

    beginning of year $2,815 · end of year $2,793

  • 3 · Pledges and grants receivable

    beginning of year $13,609,283 · end of year $1,550,166

  • 4 · Accounts receivable

    beginning of year $881,363 · end of year $1,478,628

  • 8 · Inventories for sale or use

    beginning of year $52,652,899 · end of year $154,753,152

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,858 · end of year $132,407

  • 10a · Land, buildings and equipment: cost or other basis

    $4,438,333

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,271,792

  • 10c · Land, buildings and equipment, net

    beginning of year $911,697 · end of year $1,166,541

  • 11 · Investments: publicly traded securities

    beginning of year $6,224,063 · end of year $7,486,016

  • 15 · Other assets

    beginning of year $655,273 · end of year $4,479,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,255,774 · end of year $2,985,499

  • 19 · Deferred revenue

    beginning of year $530,785 · end of year $422,402

  • 25 · Other liabilities

    beginning of year $615,918 · end of year $4,495,549

  • 27 · Net assets without donor restrictions

    beginning of year $72,267,774 · end of year $102,476,064

  • 28 · Net assets with donor restrictions

    beginning of year $1,180,725 · end of year $62,401,245

Mission and programs · 2023

Mission

GOOD360'S MISSION IS TO CLOSE THE NEED GAP TO OPEN OPPORTUNITY FOR ALL.WE LIVE IN A WORLD OF PLENTY, YET MILLIONS OF PEOPLE FIND THEMSELVES IN CRITICAL NEED EVERY DAY, CREATING A VAST NEED GAP. AT GOOD360, WE ARE ON A MISSION TO CLOSE THAT GAP. WE KNOW THERE'S MORE THAN ENOUGH TO GO AROUND. THAT'S WHY WE WORK WITH CORPORATIONS TO GET DONATED GOODS TO OUR NETWORK OF THOUSANDS OF COMMUNITY NONPROFITS. WHEN WE CLOSE THE GAP, WE OPEN OPPORTUNITY: FOR DONORS AND NONPROFITS TO BETTER SERVE THEIR COMMUNITIES, FOR COMMUNITIES TO BECOME MORE RESILIENT AND FOR US ALL TO CREATE LESS WASTE. BUT MOST OF ALL, WE HELP PEOPLE TO REACH THEIR BOUNDLESS POTENTIAL.

Activities or mission (Part I)

GOOD360'S MISSION IS TO CLOSE THE NEED GAP TO OPEN OPPORTUNITY FOR ALL. WE LIVE IN A WORLD OF PLENTY, YET MILLIONS OF PEOPLE FIND THEMSELVES IN CRITICAL NEED EVERY DAY, CREATING A VAST NEED GAP. AT GOOD360, WE ARE ON A MISSION TO CLOSE THAT GAP. WE KNOW THERE'S MORE THAN ENOUGH TO GO AROUND. THAT'S WHY WE WORK TO GET DONATED GOODS TO WHERE THEY CAN DO THE MOST GOOD, TO CLOSE THE NEED GAP.WHEN WE CLOSE THE GAP, WE OPEN OPPORTUNITY: FOR DONORS AND NONPROFITS TO BETTER SERVE THEIR COMMUNITIES, FOR COMMUNITIES TO BECOME MORE RESILIENT AND FOR US ALL TO CREATE LESS WASTE. BUT MOST OF ALL, WE HELP PEOPLE TO REACH THEIR BOUNDLESS POTENTIAL.

  • AS THE GLOBAL LEADER IN PRODUCT PHILANTHROPY, GOOD360 PARTNERS WITH HUNDREDS OF COMPANIES TO SOURCE HIGHLY NEEDED GOODS AND DISTRIBUTE THEM THROUGH OUR NETWORK OF MORE THAN 100,000 VETTED NONPROFITS THAT SUPPORT PEOPLE IN NEED ACROSS THE U.S. AND INTERNATIONALLY. IN 2023, GOOD360 DONATED MORE THAN $2.9 BILLION IN DONATED GOODS PROVIDING OUR CORPORATE PARTNERS WITH A RESPONSIBLE SOLUTION FOR UNSOLD GOODS AND CUSTOMER RETURNS. GOOD360 KEEPS MILLIONS OF POUNDS OF GOODS OUT OF LANDFILLS EACH YEAR, HELPING COMPANIES ACHIEVE SUSTAINABILITY AND ZERO-WASTE GOALS WHILE FULFILLING THE GROWING NEEDS OF OUR COMMUNITIES 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 THOSE IN CRITICAL NEED, CLOSING THAT GAP AND OPENING UP NEW OPPORTUNITIES FOR ALL.

    Expenses $2,963,145,014 · Grants $2,939,530,492 · Revenue $20,248,652

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK WHITE

    CHAIRMAN (THRU 10/31/23)

    Total calculated
    $0
    Hours/week
    3

  • JOHN GRUGAN

    DIRECTOR, CHAIRMAN (AS OF 11/1/23)

    Total calculated
    $0
    Hours/week
    2

  • PETER RESNICK

    VICE CHAIRMAN (THRU 10/31/23)

    Total calculated
    $0
    Hours/week
    2

  • ROSEMARIE RYAN

    VICE CHAIRMAN (AS OF 11/1/23)

    Total calculated
    $0
    Hours/week
    2

  • NANCY RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LIBBY JOHNSON MCKEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BROWNELL

    DIR & GOV COMM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN WILLIAMS

    DIR & AUDIT & FINANCE COMM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STACYE WILKERSON

    DIR & STAKEHOLDERS COMM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARIA MARTINEZ

    DIR & PEOPLE & CULTURE COMM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SOUMIT NANDI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANGEL SHUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFF MCCORSTIN

    DIRECTOR (THRU 12/31/23)

    Total calculated
    $0
    Hours/week
    2

  • BOB SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROMAINE SEGUIN

    CEO

    Total calculated
    $311,000
    From this org
    $300,000
    From related orgs
    $0
    Other
    $11,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $11,000
    Nontaxable benefits
    $93
    Filer's total
    $311,093

  • MICHAEL AVIS

    CFO (THRU 7/31/23)

    Total calculated
    $223,428
    From this org
    $202,891
    From related orgs
    $0
    Other
    $20,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,858
    Bonus
    $0
    Other
    $85,033
    Deferred
    $4,933
    Nontaxable benefits
    $16,248
    Filer's total
    $224,072

  • KEN TROSHINSKY

    CFO (AS OF 11/13/23)

    Total calculated
    $31,439
    From this org
    $29,264
    From related orgs
    $0
    Other
    $2,175
    Hours/week
    40

  • SHARI RUDOLPH

    CMO (THRU 12/31/23)

    Total calculated
    $233,213
    From this org
    $204,853
    From related orgs
    $0
    Other
    $28,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,853
    Bonus
    $0
    Other
    $0
    Deferred
    $8,507
    Nontaxable benefits
    $20,958
    Filer's total
    $234,318

  • STEPHANE MOULEC

    CTO

    Total calculated
    $172,237
    From this org
    $165,528
    From related orgs
    $0
    Other
    $6,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,528
    Bonus
    $0
    Other
    $0
    Deferred
    $6,709
    Nontaxable benefits
    $1,250
    Filer's total
    $173,487

  • JAMES HALLING

    DIRECTOR, CORPORATE DEVELOPMENT

    Total calculated
    $208,362
    From this org
    $200,325
    From related orgs
    $0
    Other
    $8,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,000
    Bonus
    $80,325
    Other
    $0
    Deferred
    $8,037
    Nontaxable benefits
    $62
    Filer's total
    $208,424

  • ERIN DILLENBECK

    DIRECTOR, CORPORATE DEVELOPMENT

    Total calculated
    $204,437
    From this org
    $191,896
    From related orgs
    $0
    Other
    $12,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,493
    Bonus
    $75,403
    Other
    $0
    Deferred
    $3,909
    Nontaxable benefits
    $9,927
    Filer's total
    $205,732

  • THOMAS DAVIS

    DIRECTOR, CORPORATE DEVELOPMENT

    Total calculated
    $160,525
    From this org
    $151,045
    From related orgs
    $0
    Other
    $9,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,045
    Bonus
    $35,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,160
    Filer's total
    $161,205

  • JONATHON CANNON

    SENIOR VP, MANAGED PROGRAMS

    Total calculated
    $169,058
    From this org
    $137,305
    From related orgs
    $0
    Other
    $31,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,305
    Bonus
    $0
    Other
    $0
    Deferred
    $5,513
    Nontaxable benefits
    $27,108
    Filer's total
    $169,926

  • LENORE FREEMAN

    VP, PEOPLE AND CULTURE

    Total calculated
    $161,105
    From this org
    $132,643
    From related orgs
    $0
    Other
    $28,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,643
    Bonus
    $0
    Other
    $0
    Deferred
    $5,405
    Nontaxable benefits
    $24,674
    Filer's total
    $162,722

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
MICHAEL AVIS, CFO, RECEIVED A SEVERANCE PAYMENT OF $85,033 DURING THE YEAR ENDING DECEMBER 31, 2023. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE IRS UPON REQUEST.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349315822

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.