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Nonprofiteer
← MULTIPLYING GOOD INC

Form 990 for tax year 2022

Filed by MULTIPLYING GOOD INC.

Totals

Total revenue
$5,108,902
Total expenses
$5,049,842
Contributions and grants received
$3,892,898
Grants paid
$0
Program service revenue
$1,145,618
Investment income
$70,386
Other revenue
$0
Total assets, end of year
$4,185,240
Total liabilities, end of year
$641,655
Net assets or fund balances, end of year
$3,543,585
Program services expenses (Part IX)
$3,940,709
Management and general expenses
$317,397
Fundraising expenses
$791,736
Program service expenses (Part III)
$3,940,709

Program services were 78.0% 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

    $3,892,898

  • 1g · Noncash contributions included above

    $377,747

  • 2a · Program service revenue: COMMUNITY SERVICE EVEN

    total $948,211 · related or exempt $948,211

  • 2b · Program service revenue: PROGRAM FEES

    total $197,407 · related or exempt $197,407

  • 3 · Investment income

    total $39,093 · excluded $39,093

  • 7a · Gross sales of assets other than inventory

    securities $512,246

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

    securities $480,953

  • 7c · Gain or loss

    securities $31,293

  • 7d · Net gain or loss

    total $31,293 · excluded $31,293

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,745 · program services $44,885 · fundraising $54,860

  • 7 · Other salaries and wages

    total $2,806,118 · program services $2,295,827 · management and general $192,366 · fundraising $317,925

  • 8 · Pension plan contributions

    total $20,187 · program services $16,627 · management and general $1,112 · fundraising $2,448

  • 9 · Other employee benefits

    total $222,645 · program services $183,386 · management and general $12,260 · fundraising $26,999

  • 10 · Payroll taxes

    total $247,339 · program services $199,252 · management and general $16,377 · fundraising $31,710

  • 11c · Fees: accounting

    total $46,146 · management and general $46,146

  • 11f · Fees: investment management

    total $17,080 · management and general $17,080

  • 11g · Fees: other

    total $81,010 · program services $76,507 · management and general $609 · fundraising $3,894

  • 12 · Advertising and promotion

    total $117,803 · program services $73,951 · fundraising $43,852

  • 13 · Office expenses

    total $35,514 · program services $30,958 · management and general $1,455 · fundraising $3,101

  • 14 · Information technology

    total $102,156 · program services $87,437 · management and general $6,449 · fundraising $8,270

  • 16 · Occupancy

    total $15,187 · program services $12,584 · management and general $860 · fundraising $1,743

  • 17 · Travel

    total $40,415 · program services $33,284 · management and general $2,341 · fundraising $4,790

  • 19 · Conferences, conventions and meetings

    total $1,033,689 · program services $858,530 · fundraising $175,159

  • 20 · Interest

    total $6,202 · management and general $6,202

  • 22 · Depreciation, depletion and amortization

    total $14,153 · program services $12,426 · management and general $1,090 · fundraising $637

  • 23 · Insurance

    total $20,606 · program services $15,055 · management and general $3,426 · fundraising $2,125

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $107,418 · management and general $2,168 · fundraising $105,250

  • 24b · Other expenses: BANK FEES

    total $10,157 · management and general $1,184 · fundraising $8,973

  • 24c · Other expenses: OTHER EMPLOYEE COSTS

    total $6,272 · management and general $6,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $372,193 · end of year $214,872

  • 2 · Savings and temporary cash investments

    beginning of year $81,221 · end of year $189,648

  • 3 · Pledges and grants receivable

    beginning of year $1,785,853 · end of year $2,286,525

  • 4 · Accounts receivable

    beginning of year $99,932 · end of year $146,375

  • 8 · Inventories for sale or use

    beginning of year $8,391 · end of year $3,635

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,016 · end of year $6,016

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

    $274,995

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

    $216,410

  • 10c · Land, buildings and equipment, net

    beginning of year $47,844 · end of year $58,585

  • 11 · Investments: publicly traded securities

    beginning of year $1,580,100 · end of year $1,279,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,736 · end of year $221,755

  • 23 · Secured mortgages and notes payable

    beginning of year $149,900 · end of year $419,900

  • 25 · Other liabilities

    beginning of year $41,438 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,917,123 · end of year $1,257,060

  • 28 · Net assets with donor restrictions

    beginning of year $1,803,353 · end of year $2,286,525

Mission and programs · 2022

Mission

MULTIPLYING GOOD'S MISSION IS TO CULTIVATE GREATNESS THROUGH SERVICE TO OTHERS. APPLYING SERVICE AS A TOOL FOR PERSONAL GROWTH, WE HELP PEOPLE DISCOVER THEIR ABILITY TO BRING ABOUT POSITIVE CHANGE, DELIVER THE SKILLS THEY NEED TO DO IT WELL, AND, BY VALIDATING THEIR IMPACT, INSPIRE THEM TO DO MORE. WE HAVE PROVEN THIS CONTINUUM OF ACTIVATION, TRAINING, AND RECOGNITION GENERATES RIPPLES OF GOOD.

  • WE ARE A NATIONAL NONPROFIT THAT CELEBRATES, CULTIVATES, AND CONNECTS PUBLIC SERVICE LEADERS THROUGHOUT THE COUNTRY. FOR OVER 50 YEARS, OUR CONTINUUM OF ACTIVATION, TRAINING, AND RECOGNITION HAS GENERATED RIPPLES OF GOOD AND PROMOTED OUR MISSION TO CULTIVATE GREATNESS THROUGH SERVICE TO OTHERS. PUBLIC SERVICE IS A POWERFUL TOOL TO HELP YOUNG PEOPLE DISCOVER THEIR TRUE POTENTIAL. WE BELIEVE SOME OF THE MOST VALUABLE LESSONS COME FROM PUTTING OTHERS' NEEDS FIRST. WITH IMMERSIVE TRAINING, OPPORTUNITIES FOR LOCAL ENGAGEMENT, AND A PRESTIGIOUS AWARDS PLATFORM TO HONOR ACHIEVEMENT, WE HELP YOUTH DEVELOP CONFIDENCE IN THEIR ABILITY TO MAKE A DIFFERENCE AND TO MAKE THE WORLD A BETTER PLACE. TO DATE, WE HAVE TRAINED MORE THAN 30,000 EMPATHETIC YOUNG LEADERS AND CHANGEMAKERS.FOR FIVE DECADES, OUR MEDIA PARTNERS HAVE RECOGNIZED AND ELEVATED THE BEST OF THEIR COMMUNITIES WITH MULTIPLYING GOOD JEFFERSON AWARDS. BY SYSTEMATICALLY TELLING GOOD NEWS STORIES IN THE CONTEXT OF A NATIONAL BRAND, OUR MEDIA PARTNERS WHO REACH 100 MILLION AMERICANS EACH YEAR AND HAVE GIVEN OUT 62,000 AWARDS TO GRASSROOTS UNSUNG HEROES, DRIVE NON-TRADITIONAL REVENUE, ENHANCE AUDIENCE STICKINESS, AND POSITION THEIR BRANDS TO MULTIPLY GOOD.OUR CORPORATE PARTNERS ACTIVATE THEIR WORKFORCES AND SUPPORT VITAL YOUTH SERVICE, LEADERSHIP TRAINING AND RECOGNITION. WE DELIVER AN EMPLOYEE RECOGNITION PLATFORM THAT CELEBRATES THOSE ALREADY GIVING BACK AND INSPIRES THEM TO DO MORE. OPPORTUNITIES ARE ALSO AVAILABLE FOR ORGANIZATIONS TO ENGAGE WITH YOUNG PEOPLE TO GROW THEIR LEADERSHIP SKILLS AND BRING ABOUT POSITIVE CHANGE IN THEIR COMMUNITIES. THESE CORPORATE PARTNERSHIPS REPRESENT MORE THAN EIGHT MILLION EMPLOYEES.MULTIPLYING GOOD ELEVATES PUBLIC SERVICE AS THE MEANS TO EMPOWER INDIVIDUALS AND THEIR RESPECTIVE COMMUNITIES, AND WE ENVISION A WORLD WHERE SERVICE TO OTHERS MOTIVATES EVERYONE TO DO SOMETHING THAT HAS A POSITIVE IMPACT ON THOSE AROUND THEM.

    Expenses $3,940,709 · Revenue $1,145,618

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jack Russi

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    6
  • Hillary Schafer

    CEO (DURING 2022)

    Total calculated
    $0
    Hours/week
    40
  • Sam Beard

    FOUNDER

    Total calculated
    $99,745
    From this org
    $99,174
    From related orgs
    $0
    Other
    $571
    Hours/week
    20
  • Vance Kershner

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • James Meeks

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Michael O'Mary

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Salman

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph N Sanberg

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Mark G Shafir

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Renee Brown

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Zide

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Patsy Doerr

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Ezring

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Perry

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Tobi Petrocelli

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Darrin Johnson

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Chai Gadde

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Madden

    VP, TECHNOLOGY & OPERATION

    Total calculated
    $113,931
    From this org
    $106,457
    From related orgs
    $0
    Other
    $7,474
    Hours/week
    40
  • Amy Reiland

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $100,060
    From this org
    $100,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202332909349300328

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