Totals
- Total revenue
- $1,720,086
- Total expenses
- $3,367,528
- Contributions and grants received
- $854,199
- Grants paid
- $433,814
- Program service revenue
- $840,325
- Investment income
- $12,456
- Other revenue
- $13,106
- Total assets, end of year
- $2,949,532
- Total liabilities, end of year
- $405,888
- Net assets or fund balances, end of year
- $2,543,644
- Program services expenses (Part IX)
- $2,774,541
- Management and general expenses
- $396,771
- Fundraising expenses
- $196,216
- Program service expenses (Part III)
- $2,774,541
Program services were 82.4% 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.
-
1a · Federated campaigns
$26,758
-
1e · Government grants (contributions)
$409,355
-
1f · All other contributions, gifts and grants
$418,086
-
2a · Program service revenue: GoodWeave license fees
total $813,151 · related or exempt $813,151
-
2b · Program service revenue: Marketing partner fees
total $27,174 · related or exempt $27,174
-
3 · Investment income
total $4,435 · excluded $4,435
-
7a · Gross sales of assets other than inventory
securities $858,757
-
7b · Less cost or other basis and sales expenses
securities $850,736
-
7c · Gain or loss
securities $8,021
-
7d · Net gain or loss
total $8,021 · excluded $8,021
-
11a · Other revenue: other income
total $13,106 · excluded $13,106
-
11e · Other revenue, total
$13,106
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $433,814 · program services $433,814
-
5 · Compensation of officers, directors and key employees
total $378,290 · program services $279,185 · management and general $61,902 · fundraising $37,203
-
7 · Other salaries and wages
total $948,562 · program services $700,055 · management and general $155,219 · fundraising $93,288
-
8 · Pension plan contributions
total $15,940 · program services $11,764 · management and general $2,608 · fundraising $1,568
-
9 · Other employee benefits
total $74,486 · program services $54,972 · management and general $12,189 · fundraising $7,325
-
10 · Payroll taxes
total $103,677 · program services $76,516 · management and general $16,965 · fundraising $10,196
-
11b · Fees: legal
total $29,458 · program services $29,458
-
11c · Fees: accounting
total $94,514 · management and general $94,514
-
11f · Fees: investment management
total $270 · management and general $270
-
11g · Fees: other
total $438,640 · program services $414,610 · management and general $11,903 · fundraising $12,127
-
12 · Advertising and promotion
total $42,210 · program services $36,701 · management and general $3,474 · fundraising $2,035
-
13 · Office expenses
total $89,238 · program services $67,614 · management and general $15,239 · fundraising $6,385
-
14 · Information technology
total $3,784 · program services $2,877 · management and general $650 · fundraising $257
-
16 · Occupancy
total $67,592 · program services $51,395 · management and general $11,610 · fundraising $4,587
-
17 · Travel
total $71,289 · program services $61,991 · management and general $978 · fundraising $8,320
-
19 · Conferences, conventions and meetings
total $15,722 · program services $15,722
-
22 · Depreciation, depletion and amortization
total $43,835 · program services $33,330 · management and general $7,530 · fundraising $2,975
-
23 · Insurance
total $6,927 · program services $5,267 · management and general $1,190 · fundraising $470
-
24a · Other expenses: Social program support
total $426,096 · program services $426,096
-
24b · Other expenses: Membership/compliance
total $83,184 · program services $73,174 · management and general $530 · fundraising $9,480
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $549,349 · end of year $280,347
-
2 · Savings and temporary cash investments
beginning of year $536,025 · end of year $27,432
-
3 · Pledges and grants receivable
beginning of year $1,308,089 · end of year $456,627
-
4 · Accounts receivable
beginning of year $361,635 · end of year $482,949
-
9 · Prepaid expenses and deferred charges
beginning of year $26,712 · end of year $23,527
-
10a · Land, buildings and equipment: cost or other basis
$162,152
-
10b · Land, buildings and equipment: accumulated depreciation
$155,189
-
10c · Land, buildings and equipment, net
beginning of year $3,617 · end of year $6,963
-
11 · Investments: publicly traded securities
beginning of year $105,486 · end of year $281,459
-
14 · Intangible assets
beginning of year $1,420,019 · end of year $1,379,116
-
15 · Other assets
beginning of year $76,220 · end of year $11,112
-
17 · Accounts payable and accrued expenses
beginning of year $69,713 · end of year $153,701
-
18 · Grants payable
beginning of year $85,166 · end of year $170,338
-
25 · Other liabilities
beginning of year $191,493 · end of year $81,849
-
27 · Net assets without donor restrictions
beginning of year $2,328,775 · end of year $1,916,855
-
28 · Net assets with donor restrictions
beginning of year $1,712,005 · end of year $626,789
Mission and programs · 2023
Mission
GoodWeave works to stop child labor in global supply chains. Permanently.
-
GoodWeave is disrupting the cycle of child labor, slavery, illiteracy, poverty, and climate change through the following interrelated strategies:Harness Market Forces: From the garment factories of Bangladesh to the artisanal cobalt mines of the Democratic Republic of the Congo, there are 160 million child laborers today. GoodWeave employs a market-driven model to end child labor.See Schedule O for Continuation
Expenses $706,486
-
Establish Transparent and Clean Supply Chains:Inspection, Monitoring and Certification:GoodWeave certification offers the best assurance that rug, home textile, and apparel and fashion jewelry products are made without the use of child labor. GoodWeave's inspection system is the only one that reaches all levels of the supply chain in informal manufacturing. In 2023, GoodWeave's national inspection teams in South Asia reached 117,817 workers through monitoring visits to facilities, which also resulted in more than 2.64 million rugs and home textiles certified as child-labor-free.See Schedule O for Continuation
Expenses $615,571 · Grants $14,644 · Revenue $840,325
-
Create Educational Opportunities for Children: In 2023, GoodWeave directly provided access to education for 52,684 children GoodWeave teams in India and Nepal have continued to innovate program design, introducing education programs ranging from daycare and early childhood education programs in Nepal to establishing entire child-friendly communities (or CFCs) in dozens of informal worker communities across northern India. While the implementation model, scope, and scale from community to community varies, the strategy behind CFCs remains the same. See Schedule O for Continuation
Expenses $667,141 · Grants $221,098
-
Other Programs:Improve Conditions for all Workers and Promote Best Practice:Addressing child labor effectively requires more than simply prohibiting the practice as a matter of law, policy, or standard. One important part of the equation is ensuring that adult workers are better compensated and better treated within their workplaces. GoodWeave seeks to improve conditions for workers, and in 2023, extended rights and a range of other services - such as health and financial literacy through its programming in supply chains - to 117,817 workers.The organization also conducts advocacy, promotes best practices, and builds capacity within other organizations based on our model. Additionally, we conduct research and serve as a thought leader to help inform and educate companies, governments, and other supply chain actors about how to address child labor and its root causes effectively.In 2023, GoodWeave continued to participate in numerous high-level events and advocacy platforms to promote the importance of ending child labor and modern slavery through deep due diligence practices that include full supply chain mapping, application of strong human rights standards, ensuring remedy to rights holders, and addressing root causes. These included speaking roles or side events at conferences such as the United Nations Business and Human Rights Forum in Geneva.In 2023, GoodWeave also made progress on a four-year project funded by FBK entitled "Child Labor in Subcontracted Ready-Made Garment Supply Chains in Bangladesh: From impact assessment to holistic due diligence." Partnering with apparel brands C&A and Delta Galil, as well as the Bangladesh Labor Foundation, the goal is to research the presence, risk, and root causes of child labor in subcontracted ready-made-garment (RMG) supply chains in Bangladesh. In 2023, GoodWeave concluded its long-standing collaboration with Humanity United and Global Fairness Initiative on the Better Brick Nepal (BBN) program, transferring our methodologies to the brick-making sector in Nepal where the rate of forced and child labor is staggering. GoodWeave achieved significant progress establishing sustainable structures and building the capacity of key stakeholders to ensure that good labor practices are demonstrated and spread throughout the brick industry, and that the positive impacts of the program continue beyond the close of the project.
Expenses $785,343 · Grants $198,072
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward Millard
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Marc Triaureau
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Cross Fenty
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Siddharth Kara
Director
- Total calculated
- $0
- Hours/week
- 1
-
Regatte Venkat Reddy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alissandra Aronow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chip Lyons
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pat Zerega
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline Larson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pharis Harvey
Emeritus Director
- Total calculated
- $0
- Hours/week
- 1
-
Shamarukh Mohiuddin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shilpa Nadhan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nina Smith
CEO (Ending 09/23)
- Total calculated
- $182,998
- From this org
- $166,848
- From related orgs
- $0
- Other
- $16,150
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,848
- Bonus
- $0
- Other
- $0
- Deferred
- $5,007
- Nontaxable benefits
- $11,143
- Filer's total
- $182,998
-
Cynthia Janetzko
CFO
- Total calculated
- $121,958
- From this org
- $109,057
- From related orgs
- $0
- Other
- $12,901
- Hours/week
- 32
-
Jonathan Jacoby
CEO (Starting 09/23)
- Total calculated
- $73,333
- From this org
- $73,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Micaela Vivero
VP of Communications
- Total calculated
- $150,098
- From this org
- $135,695
- From related orgs
- $0
- Other
- $14,403
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,695
- Bonus
- $0
- Other
- $0
- Deferred
- $4,426
- Nontaxable benefits
- $9,977
- Filer's total
- $150,098
-
Daniel Cady
Assistant Controller
- Total calculated
- $112,565
- From this org
- $103,438
- From related orgs
- $0
- Other
- $9,127
- Hours/week
- 40
-
Gweneth Langdon
Senior Dir. of Programs
- Total calculated
- $135,641
- From this org
- $124,067
- From related orgs
- $0
- Other
- $11,574
- Hours/week
- 40
-
Hermon Puryear
Dir. of Business Engagement/Marketing
- Total calculated
- $137,178
- From this org
- $125,660
- From related orgs
- $0
- Other
- $11,518
- 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. 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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412399349300216
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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