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Nonprofiteer
← GoodwillFinds Ecommerce Inc

Form 990 for tax year 2022

Filed by GoodwillFinds Ecommerce Inc.

Totals

Total revenue
$1,773,283
Total expenses
$4,243,961
Contributions and grants received
$5,000
Grants paid
$0
Program service revenue
$1,768,283
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,348,579
Total liabilities, end of year
$12,188,392
Net assets or fund balances, end of year
-$2,839,813
Program services expenses (Part IX)
$3,449,259
Management and general expenses
$794,702
Fundraising expenses
$0
Program service expenses (Part III)
$3,449,259

Program services were 81.3% 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

    $5,000

  • 2a · Program service revenue: SALES FEE

    total $1,452,921 · related or exempt $1,452,921

  • 2b · Program service revenue: LISTING REVENUE FEES

    total $163,719 · related or exempt $163,719

  • 2c · Program service revenue: HANDLING FEES

    total $151,643 · related or exempt $151,643

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $715,650 · program services $503,454 · management and general $212,196

  • 7 · Other salaries and wages

    total $968,302 · program services $792,440 · management and general $175,862

  • 11b · Fees: legal

    total $21,671 · program services $10,836 · management and general $10,835

  • 11g · Fees: other

    total $492,242 · program services $291,450 · management and general $200,792

  • 12 · Advertising and promotion

    total $1,192,224 · program services $1,192,224

  • 13 · Office expenses

    total $160,393 · program services $157,290 · management and general $3,103

  • 14 · Information technology

    total $128,913 · program services $109,576 · management and general $19,337

  • 17 · Travel

    total $11,918 · program services $5,959 · management and general $5,959

  • 20 · Interest

    total $291,213 · program services $145,606 · management and general $145,607

  • 22 · Depreciation, depletion and amortization

    total $223,146 · program services $221,279 · management and general $1,867

  • 23 · Insurance

    total $9,426 · program services $4,713 · management and general $4,713

  • 24a · Other expenses: MISCELLANEOUS

    total $28,863 · program services $14,432 · management and general $14,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,510 · end of year $4,848,919

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,219 · end of year $28,600

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

    $34,025

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

    $1,867

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $32,158

  • 14 · Intangible assets

    beginning of year $1,047,836 · end of year $4,438,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $372,700 · end of year $1,420,099

  • 24 · Unsecured notes and loans payable

    beginning of year $1,245,000 · end of year $8,630,986

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,137,307

  • 27 · Net assets without donor restrictions

    beginning of year -$369,135 · end of year -$2,839,813

Mission and programs · 2022

Mission

EMPOWER GOODWILLFINDS MEMBERS TO INCREASE REVENUE AVAILABLE TO SUPPORT LOCAL GOODWILLS' MISSION SERVICES AND PROGRAMS BY PROVIDING A MULTI-CHANNEL ECOMMERCE PLATFORM TO LIST AND SELL DONATED PRODUCTS, IN ADDITION TO PROVIDING MEMBER SUPPORT, CUSTOMER SERVICE, SOPS, TRAINING AND MARKETING CONTENT.

Activities or mission (Part I)

INNOVATING ONLINE RESALE WITH A PURPOSE.

  • GOODWILLFINDS TRANSFORMS GOODWILL'S ECOMMERCE BUSINESS VIA A MODERN ONLINE PLATFORM GENERATING ADDITIONAL FINANCIAL RESOURCES FOR MEMBER GOODWILLS SO THEY CAN INVEST IN NUMEROUS MISSION SERVICES AND PROGRAMS IN LOCAL COMMUNITIES FOR PEOPLE IN NEED. GOODWILLFINDS ENABLES GOODWILL MEMBER ORGANIZATIONS THROUGHOUT THE UNITED STATES TO MARKET THEIR GOODS BEYOND THEIR LOCAL COMMUNITIES, INCREASING EXPOSURE, SELLING MORE ITEMS, GENERATING ADDITIONAL REVENUE, AND DIVERTING MORE WASTE FROM LANDFILLS. AS A SUPPORTING ORGANIZATION, GOODWILLFINDS PROVIDES A SPECIFIC SERVICE EACH MEMBER WOULD OTHERWISE ITSELF BE PERFORMING TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES SERVED.

    Expenses $3,449,259 · Revenue $1,768,283

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

Listed in Part VII

  • Jacqueline Hallberg

    CO-BOARD CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daryl Campbell

    CO-BOARD CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karla Grazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kent Kramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick McClenahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael E Wirth-Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Kaness

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $331,690
    From this org
    $331,690
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,805
    Bonus
    $111,885
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $331,690

  • James Davis

    CHIEF REVENUE OFFICER

    Total calculated
    $20,625
    From this org
    $20,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Beth Monda

    INTERIM CHIEF MARKETING OFFICER

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

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $300,000

  • Adolf Renaud Jr

    INTERIM CHIEF FINANCIAL OFFICER

    Total calculated
    $63,333
    From this org
    $63,333
    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. 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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 3
GOODWILLFINDS ENGAGED AN OUTSIDE ORGANIZATIONAL CONSULTING FIRM IN THE SEARCH FOR A CEO, DOCUMENTING THEIR USE OF COMPARABLE COMPENSATION FROM OTHER NON-PROFITS AND FOUNDATIONS, THE SEARCH PROCESS AND BOARD APPROVALS. A WRITTEN EMPLOYMENT CONTRACT WAS IN PLACE.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202400539349300345

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

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