Go Corps EIN 27-4096814

Go Corps FY2020 filing

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Helps charities improve placing recent graduates overseas to serve the poor. For fiscal year 2020 it reported $637K in revenue, $492K in expenses, and $516K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Minneapolis, MN
Website
gocorps.org
Filings
5 on file (2020–2020)
Revenue
$637KFY2020
Expenses
$492K
Net assets
$516K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4096814 Public charity (501(c)(3)) Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps charities improve placing recent graduates overseas to serve the poor.
Leadership
Paul Vanderwerf · Director
Money in and out
$637K revenue, $492K expenses
Bottom line
89% program efficiency
Where the money goes · FY2020
Total revenue
$637K
Pt VIII · Ln 12
Total expenses
$492K
Pt IX · Ln 25
Net assets
$516K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $145K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
12.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$637K
FY2020
Expenses
$492K
FY2020
Total assets
$527K
FY2020
Total liabilities
$11K
FY2020
Total revenue
$637K
Pt VIII · Ln 12
Total expenses
$492K
Pt IX · Ln 25
Net assets
$516K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$145K
Total assetsPt X · Ln 16$527K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $436K of program spending, described in the organization's own filed words · FY2020.
01

Our Staff

Gocorps has a distributed staffing model with staff in several states. Our staff all share a common commitment to the mission & vision of making living overseas for 2 years the norm for christians after college. We have staff meetings, work group & team meetings, planning sessions, training, and professional development.

$436Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGo Corps
EINHdr · item D27-4096814
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jgocorps.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Vanderwerf’s $134K as President is at the 93rd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Paul Vanderwerf$133,620$102,790$100,102$96,225

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Go Corps executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$436K · 69%
Contributions & grants$189K · 30%
Other revenue$11K · 2%
Program service revenue69%$436K
Contributions & grants30%$189K
Other revenue2%$11K
Total revenueLn 12$637K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program services89%$436K
Management & general7%$36K
Fundraising4%$20K
Total functional expensesLn 25$492K

Balance Sheet

Part X · end of year
CashLn 1$510K
Total assetsLn 16$527K
Total liabilitiesLn 26$11K
Total net assetsLn 32$516K
Months of cash on handcomputed12.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $510K · Operating expenses/yr $492K
12.4 months
Where the money goes
Program services
Program services $436K · Total expenses $492K
89%
Management & General
Management & general $36K · Total expenses $492K
7%
Fundraising
Fundraising $20K · Total expenses $492K
4%
Cost to raise $1
Fundraising expense $20K · Solicited contributions $189K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $637K
30%
Government reliance
Government grants — · Total revenue $637K
Earned-income share
Program service revenue $436K · Total revenue $637K
69%
Investment reliance
Investment income $0 · Total revenue $637K
0%
Program self-sufficiency
Program service revenue $436K · Total expenses $492K
89%
Growth & trend
Revenue growth (YoY)
This year $637K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $516K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $637K · Expenses $492K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $527K
Net-asset ratio
Net assets $516K · Total assets $527K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $527K
0%
People & payroll
Highest Reported Total Compensation
Individual Paul Vanderwerf · Reported title Director · Highest reported compensation $0 · Total expenses $492K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $389K · Total expenses $492K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 7%
Fundraising cost ratio 11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$713K revenue · ⤓ 990 PDF
FY2023$820K revenue · ⤓ 990 PDF
FY2022$773K revenue · ⤓ 990 PDF
FY2021$751K revenue · ⤓ 990 PDF
FY2020$637K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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