Global Good Fund FY2020 filing

Tax-deductible

Glenwood, MD501(c)(3)Public & Societal BenefitEIN 46-1495972Revenue $739K in FY2020

On file with the IRSglobalgoodfund.org3066 Hobbs Rd, 21738-9729 · Glenwood, MDTax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Accelerate the development of high potential young leaders to achieve out-sized social impact.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$233K 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

FY2020 · 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
1 of 5
filings with a surplus
Average deficit $287K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$233K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$127K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$739K
Spent
$1.6M
To programs
81%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$739K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$739K
FY2021$1.5M
FY2022$2.0M
FY2023$1.5M
FY2024$1.6M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$2.5M
FY2023$1.6M
FY2024$1.6M
Net assets
$1.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.1M
FY2023$1.0M
FY2024$974K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.3M Management & general 17% · $259K Fundraising 2% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $233K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director, CEO, President
$233,400Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Treasurer, Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carrie Rich’s $303K as Director CEO President is at the 90th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carrie Rich$303,000$303,000$303,000$233,400$233,400
Sharon Gruber—$112,267———

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 Global Good Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops promising young leaders to create significant positive change.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

Fellowship program provides resources and tools to high potential, young social entrepreneurs. It is a 15 month program that includes leadership assessment tools, executive coaching services, leadership development planning, annual summit, mentorship, networking opportunities, and staff support services.

$1.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$65K
Grants paid · 5 grants · $536K · 2020–2024
Unitemized GrantFY2024$52,099
Unitemized GrantFY2023$92,500
Unitemized GrantFY2022$60,000
Unitemized GrantFY2021$73,500
Unitemized GrantFY2020$257,494

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$739K
Ln 12
Gifts and grantsLn 1h$696K
Other incomeLn 4–11$42K
Investment incomeLn 3$2K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$259K
Fundraisingcol D$35K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.8M
LiabilitiesLn 26$127K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$696K
Investment incomeLn 3$2K
Other incomeLn 4–11$42K
Gains on assetsLn 7$1K
Total revenueLn 12$739K
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$42K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$1.8M
LiabilitiesLn 26$127K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 57
VolunteersI 676
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.3M$1.6M
InvestmentsLn 11–13$26K$42K
Land, buildings, equipmentLn 10c$24K$14K
Total assetsLn 16$2.6M$1.8M
LiabilitiesLn 26$21K$127K
Net assetsLn 32$2.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$257K$257K
Grants and assistance to foreign recipientsLn 3$64K$64K
Pay of current officers, directors and key staffLn 5$233K$197K$28K$8K
Other salaries and wagesLn 7$396K$335K$48K$13K
Other employee benefitsLn 9$103K$53K$48K$691
Payroll taxesLn 10$44K$23K$21K$293
Legal feesLn 11b$15K$10K$4K
Accounting feesLn 11c$32K$22K$9K
Other fees for servicesLn 11g$190K$180K$10K
Advertising and promotionLn 12$84K$27K$55K$2K
Office expensesLn 13$13K$2K$7K$3K
OccupancyLn 16$16K$5K$10K$665
TravelLn 17$11K$6K$5K
Conferences, conventions and meetingsLn 19$90K$89K$1K$385
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$2K$329$2K
Other expenses (24a–d)Ln 24$7K$650$5K$951
Total functional expensesLn 25$1.6M$1.3M$259K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.6M−$74K$974K 990 PDF
FY2023 $1.5M$1.6M−$143K$1.0M 990 PDF
FY2022 $2.0M$2.5M−$435K$1.1M 990 PDF
FY2021 $1.5M$1.5M$42K$1.7M 990 PDF
FY2020 Viewing $739K$1.6M−$826K$1.7M 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
See the full FY2020 990 (6 parts)
Part I · Summary $739,017 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,101,393$695,660
I-9 Program service revenuePrior year $32,710$0
I-10 Investment incomePrior year $33,067$1,550
I-11 Other revenuePrior year $44,544$41,807
I-12 Total revenuePrior year $3,211,714$739,017
I-13 Grants and similar amounts paidPrior year $220,395$321,494
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $638,104$775,126
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $759,090$468,219
I-18 Total expensesPrior year $1,617,589$1,564,839
I-19 Revenue less expensesPrior year $1,594,125−$825,822
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $739,017 across 6 lines filed
VIII-1f All other contributions, gifts and grants$695,660
VIII-1h Total contributions, gifts and grants$695,660
VIII-3 Investment incomeExcluded from tax $411$411
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,139$1,139
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $41,807$41,807
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $43,357$739,017
Part IX · Statement of functional expenses $1,564,839 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $257,494$257,494
IX-3 Grants and assistance to foreign recipientsPrograms $64,000$64,000
IX-5 Pay of current officers, directors and key staffPrograms $197,438 · Management $28,046 · Fundraising $7,916$233,400
IX-7 Other salaries and wagesPrograms $334,566 · Management $47,525 · Fundraising $13,413$395,504
IX-9 Other employee benefitsPrograms $53,475 · Management $48,475 · Fundraising $691$102,641
IX-10 Payroll taxesPrograms $22,705 · Management $20,583 · Fundraising $293$43,581
IX-11b Legal feesPrograms $10,312 · Management $4,228$14,540
IX-11c Accounting feesPrograms $22,352 · Management $9,163$31,515
IX-11g Other fees for servicesPrograms $179,579 · Management $10,401$189,980
IX-12 Advertising and promotionPrograms $27,138 · Management $54,976 · Fundraising $1,728$83,842
IX-13 Office expensesPrograms $2,090 · Management $7,192 · Fundraising $3,435$12,717
IX-16 OccupancyPrograms $4,524 · Management $10,452 · Fundraising $665$15,641
IX-17 TravelPrograms $5,574 · Fundraising $5,193$10,767
IX-19 Conferences, conventions and meetingsPrograms $88,769 · Management $1,346 · Fundraising $385$90,500
IX-22 Depreciation, depletion and amortizationManagement $9,539$9,539
IX-23 InsurancePrograms $329 · Management $2,077$2,406
IX-24 Other expenses (24a–d)Programs $650 · Management $5,171 · Fundraising $951$6,772
IX-25 Total functional expensesPrograms $1,270,995 · Management $259,174 · Fundraising $34,670$1,564,839
Part X · Balance sheet $1,834,293 assets, 14 lines filed
Asset lines not itemized here account for $39,264; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,332,575$1,614,766
X-3 Pledges and grants receivableStart of year $90,417$110,000
X-4 Accounts receivableStart of year $5,598$2,325
X-9 Prepaid expenses and deferred chargesStart of year $33,660$11,725
X-10c Land, buildings and equipment, netStart of year $23,844$14,305
X-12 Other securitiesStart of year $25,906$41,908
X-16 Total assetsStart of year $2,551,264$1,834,293
X-17 Accounts payable and accrued expensesStart of year $13,367$20,826
X-24 Unsecured notes and loans payable$106,342
X-26 Total liabilitiesStart of year $21,308$127,168
X-27 Net assets without donor restrictionsStart of year $1,802,809$1,431,627
X-28 Net assets with donor restrictionsStart of year $727,147$275,498
X-32 Total net assets or fund balancesStart of year $2,529,956$1,707,125
X-33 Total liabilities and net assetsStart of year $2,551,264$1,834,293
Part XI · Reconciliation of net assets $1,707,125 net assets at year end
XI-1 Total revenue$739,017
XI-2 Total expenses$1,564,839
XI-3 Revenue less expenses−$825,822
XI-4 Net assets at start of year$2,529,956
XI-5 Net unrealized gains (losses) on investments$2,991
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,707,125

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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