Common Good Community Development Corporation FY2021 filing

Tax-deductible

Lexington, KY501(c)(3)Community DevelopmentEIN 45-3950421

To provide summer care and after school care for K-12 students to provide a safe, supervised environment that offers nutritous meals, homework help, and mentoring.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$53K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $147K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 25.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $243K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+110% vs prior year
Spent
$501K
To programs
68%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.1M
FY2021▲ +110%
Revenue by fiscal year
FY2020$510K
FY2021$1.1M
FY2022$810K
FY2023$823K
FY2024$859K
Expenses
$501K
FY2021▲ +28%
Expenses by fiscal year
FY2020$392K
FY2021$501K
FY2022$710K
FY2023$867K
FY2024$867K
Net assets
$1.1M
FY2021▲ +106%
Net assets by fiscal year
FY2020$535K
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCommon Good Community Development Corporation
EINHdr · item D45-3950421
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2012
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLexington, KY
NTEE classificationIRS BMFCommunity Development (S41)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.31 Fundraising $0.01
Program services68%$341K
Management & general31%$154K
Fundraising1%$5K
Total functional expensesLn 25$501K

Finances

Money in and out, what it owns and owes

Spent on programs
68%
of spending reaches programs
Months of spending covered by cash
25.1mo
months of spending covered by cash and easy-to-sell investments
Surplus or deficit
+53%
as % of revenue, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.1M
FY2021▲ +89%
Total assets by fiscal year
FY2020$584K
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
Total liabilities
$2K
FY2021▼ -96%
Total liabilities by fiscal year
FY2020$49K
FY2021$2K
FY2022$4K
FY2023$3K
FY2024$6K
Revenue less expensesPt I · Ln 19$569K
Total assetsPt X · Ln 16$1.1M
Spent on programsPt IX · col B68%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.1M
Months of cash on handcomputed25.1

Statement of Revenue

Part VIII
Contributions & grants$1.0M · 94%
Other revenue$67K · 6%
Contributions & grants94%$1.0M
Other revenue6%$67K
Program service revenue$1K
Investment income$1
Total revenueLn 12$1.1M

Money in detail

Form 990 · FY2021 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $1.0M · Operating expenses/yr $501K
25.1 months
Where the money goes
Program services
Program services $341K · Total expenses $501K
68%
Management & General
Management & general $154K · Total expenses $501K
31%
Fundraising
Fundraising $5K · Total expenses $501K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $3K · Solicited contributions (2-yr avg) $745K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.1M
94%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $1K · Total revenue $1.1M
0.1%
Investment reliance
Investment income $1 · Total revenue $1.1M
<0.01%
Program self-sufficiency
Program service revenue $1K · Total expenses $501K
0.3%
Growth & trend
Revenue change from last year
This year $1.1M · Prior year $510K
+110%
Net assets change over the year
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $1.1M · Expenses $501K
+53%
Debts compared to what it owns
Total liabilities — · Total assets $1.1M
—
Net assets compared to what it owns
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Gallaher · Reported title Executive Director · Highest reported compensation $53K · Total expenses $501K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $369K · Total expenses $501K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 68%——
Spent on management, % of spending 31%——
Fundraising cost, % of gifts 0.5%——
Revenue growth 110%——
Accounting fees, % of spending 1%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$53,235Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Laura Gallaher’s $77K as Executive Director is at the 53rd percentile of top reported officer pay among 1709 $100K–1M community development 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
Laura Gallaher$77,374$80,724$62,208$53,235

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.

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers safe, supervised after-school and summer programs with meals, homework help, and mentoring for K-12 students.

Provided by the organization

This section is blank until Common Good Community Development Corporation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $299K of program spending, described in the organization's own filed words · FY2021.
01

After school program serves K-12th grade four days/week. Students receive nutritious meals, safe place after school, homework assistance/mentoring in supervised environment. 85 Students served.

$169Kprogram expense
02

Matchstick Goods launched in 2019 and employs students (3) and graduates (1). The students and graduates make handmade ceramic goods while giving young people a creative voice, business experience and the ability to earn a fair wage.

$88Kprogram expense
03

Summer program provides safe, supervised place for K-12th grade students. This program weaves together multiple elements: basic needs, education, recreation, spirtual formation/leadership development. 57 Students served.

$42Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $859K$867K+4% 990 PDF
FY2023 $823K$867K+2% 990 PDF
FY2022 $810K$710K-24% 990 PDF
FY2021 Viewing $1.1M$501K+110% 990 PDF
FY2020 $510K$392K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,070,026 across 6 lines filed
Lines not itemized here account for $14,129 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,001,570
VIII-1h Total contributions, gifts and grants$1,001,570
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,485
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $52,841 · Unrelated business $0 · Excluded from tax $0$52,841
VIII-12 Total revenueRelated to mission $68,456 · Unrelated business $0 · Excluded from tax $0$1,070,026
Part IX · Statement of functional expenses $501,393 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,379 · Management $22,713 · Fundraising $0$63,092
IX-7 Other salaries and wagesPrograms $196,918 · Management $74,453 · Fundraising $0$271,371
IX-9 Other employee benefitsPrograms $4,771 · Management $2,684 · Fundraising $0$7,455
IX-10 Payroll taxesPrograms $19,322 · Management $7,309 · Fundraising $0$26,631
IX-11c Accounting feesPrograms $0 · Management $5,783 · Fundraising $0$5,783
IX-13 Office expensesPrograms $116 · Management $2,281 · Fundraising $0$2,397
IX-16 OccupancyPrograms $7,638 · Management $5,706 · Fundraising $0$13,344
IX-17 TravelPrograms $0 · Management $3,534 · Fundraising $0$3,534
IX-19 Conferences, conventions and meetingsPrograms $3,495 · Management $1,966 · Fundraising $0$5,461
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $5,256 · Fundraising $0$5,256
IX-23 InsurancePrograms $0 · Management $4,311 · Fundraising $0$4,311
IX-24 Other expenses (24a–d)Programs $856 · Management $2,596 · Fundraising $0$3,452
IX-24e All other expensesPrograms $67,957 · Management $15,879 · Fundraising $5,470$89,306
IX-25 Total functional expensesPrograms $341,452 · Management $154,471 · Fundraising $5,470$501,393
Part X · Balance sheet $1,105,041 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $538,419$1,049,809
X-9 Prepaid expenses and deferred chargesStart of year $18,572$31,119
X-10c Land, buildings and equipment, netStart of year $26,674$24,113
X-16 Total assetsStart of year $583,665$1,105,041
X-17 Accounts payable and accrued expensesStart of year $586$1,731
X-24 Unsecured notes and loans payableStart of year $48,400$0
X-26 Total liabilitiesStart of year $48,986$1,731
X-27 Net assets without donor restrictionsStart of year $483,081$1,091,431
X-28 Net assets with donor restrictionsStart of year $51,598$11,879
X-32 Total net assets or fund balancesStart of year $534,679$1,103,310
X-33 Total liabilities and net assetsStart of year $583,665$1,105,041
Part XI · Reconciliation of net assets $1,103,310 net assets at year end
XI-1 Total revenue$1,070,026
XI-2 Total expenses$501,393
XI-3 Revenue less expenses$568,633
XI-4 Net assets at start of year$534,679
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$1,103,310

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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