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Global Good Fund FY2022 filing

Tax-deductible

Glenwood, MD501(c)(3)Public & Societal Benefit EIN 46-1495972Revenue $2.0M in FY2022

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.
72¢ of each $1 spent went to programs.
$303K 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

FY2022 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$303K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $844K in investments, Pt X · Ln 11–13
Fine: 1.7 months of spending in cash; 1 to 3.
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
$309K
22% of total assets
Looks good: liabilities are 22% 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
$2.0M
+33% vs prior year
Spent
$2.5M
To programs
72%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$2.0M
FY2022▲ +33%
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
$2.5M
FY2022▲ +66%
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
$1.1M
FY2022▼ -36%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

72 cents of each dollar spent went to programs.

Program services 72% · $1.8M Management & general 15% · $383K Fundraising 13% · $316K

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; $303K paid to officers and key staff.

Part VII, Section A · reportable compensation
Carrie Rich
Director CEO President
$303,000Pt VII · Sec A
$0Pt VII · Sec A
Dan Kotter
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristen Chou
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kim Lewis
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 · $1.8M · in their own filed words · FY2022
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.

$1.8Mprogram 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
Sandler Family Foundation INCFY2025$65K
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$550K
Investment incomeLn 3$38K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.8M
Managementcol C$383K
Fundraisingcol D$316K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$1.4M
LiabilitiesLn 26$309K
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$1.5M
Government grantsLn 1e$163K
Fees for servicesLn 2g$550K
Investment incomeLn 3$38K
Gains on assetsLn 7$22K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$354K
Cash and savings togetherLn 1–2$354K
InvestmentsLn 11–13$844K
Land, buildings, equipmentLn 10c$954
Total assetsLn 16$1.4M
LiabilitiesLn 26$309K
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$449K$354K
InvestmentsLn 11–13$1.0M$844K
Land, buildings, equipmentLn 10c$6K$954
Total assetsLn 16$2.0M$1.4M
LiabilitiesLn 26$226K$309K
Net assetsLn 32$1.7M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$60K$60K
Grants and assistance to foreign recipientsLn 3$46K$46K
Pay of current officers, directors and key staffLn 5$303K$198K$51K$55K
Other salaries and wagesLn 7$417K$272K$70K$75K
Other employee benefitsLn 9$40K$29K$3K$8K
Payroll taxesLn 10$56K$37K$9K$10K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$60K$38K$18K$5K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$455K$287K$134K$34K
Advertising and promotionLn 12$316K$256K$25K$35K
Office expensesLn 13$14K$753$11K$2K
Information technologyLn 14$27K$21K$4K$1K
OccupancyLn 16$15K$4K$11K
TravelLn 17$31K$22K$7K$1K
Conferences, conventions and meetingsLn 19$547K$448K$15K$84K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$17K$12K$2K$2K
Other expenses (24a–d)Ln 24$48K$41K$3K$5K
Total functional expensesLn 25$2.5M$1.8M$383K$316K

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 Viewing $2.0M$2.5M−$435K$1.1M 990 PDF
FY2021 $1.5M$1.5M$42K$1.7M 990 PDF
FY2020 $739K$1.6M−$826K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,040,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,040,359$1,452,950
I-9 Program service revenuePrior year $401,611$549,632
I-10 Investment incomePrior year $184$37,803
I-11 Other revenuePrior year $90,127$0
I-12 Total revenuePrior year $1,532,281$2,040,385
I-13 Grants and similar amounts paidPrior year $97,000$106,139
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $839,966$816,702
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $553,013$1,552,359
I-18 Total expensesPrior year $1,489,979$2,475,200
I-19 Revenue less expensesPrior year $42,302−$434,815
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 $2,040,385 across 7 lines filed
VIII-1e Government grants$163,185
VIII-1f All other contributions, gifts and grants$1,289,765
VIII-1h Total contributions, gifts and grants$1,452,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $549,632$549,632
VIII-3 Investment incomeExcluded from tax $15,668$15,668
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,135$22,135
VIII-12 Total revenueRelated to mission $549,632 · Unrelated business $0 · Excluded from tax $37,803$2,040,385
Part IX · Statement of functional expenses $2,475,200 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $60,000$60,000
IX-3 Grants and assistance to foreign recipientsPrograms $46,139$46,139
IX-5 Pay of current officers, directors and key staffPrograms $197,621 · Management $50,869 · Fundraising $54,510$303,000
IX-7 Other salaries and wagesPrograms $271,844 · Management $69,974 · Fundraising $74,983$416,801
IX-9 Other employee benefitsPrograms $29,312 · Management $3,059 · Fundraising $8,085$40,456
IX-10 Payroll taxesPrograms $36,814 · Management $9,476 · Fundraising $10,155$56,445
IX-11a Management feesPrograms $4,198$4,198
IX-11c Accounting feesPrograms $37,772 · Management $17,674 · Fundraising $4,511$59,957
IX-11f Investment management feesManagement $7,047$7,047
IX-11g Other fees for servicesPrograms $286,848 · Management $134,220 · Fundraising $34,252$455,320
IX-12 Advertising and promotionPrograms $256,415 · Management $25,032 · Fundraising $34,549$315,996
IX-13 Office expensesPrograms $753 · Management $11,402 · Fundraising $2,310$14,465
IX-14 Information technologyPrograms $21,467 · Management $3,669 · Fundraising $1,365$26,501
IX-16 OccupancyPrograms $3,745 · Management $11,231$14,976
IX-17 TravelPrograms $22,292 · Management $7,350 · Fundraising $1,007$30,649
IX-19 Conferences, conventions and meetingsPrograms $447,805 · Management $15,349 · Fundraising $83,857$547,011
IX-20 InterestManagement $2,718$2,718
IX-22 Depreciation, depletion and amortizationManagement $8,601$8,601
IX-23 InsurancePrograms $12,143 · Management $2,460 · Fundraising $2,151$16,754
IX-24 Other expenses (24a–d)Programs $40,696 · Management $2,743 · Fundraising $4,727$48,166
IX-25 Total functional expensesPrograms $1,775,864 · Management $382,874 · Fundraising $316,462$2,475,200
Part X · Balance sheet $1,426,602 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $449,260$353,584
X-3 Pledges and grants receivableStart of year $274,983$114,536
X-4 Accounts receivableStart of year $227,306$89,009
X-9 Prepaid expenses and deferred chargesStart of year $7,270$24,094
X-10c Land, buildings and equipment, netStart of year $5,739$954
X-11 Publicly traded securitiesStart of year $1,000,821$844,425
X-16 Total assetsStart of year $1,975,379$1,426,602
X-17 Accounts payable and accrued expensesStart of year $16,776$34,204
X-24 Unsecured notes and loans payableStart of year $109,237$275,000
X-26 Total liabilitiesStart of year $226,013$309,204
X-27 Net assets without donor restrictionsStart of year $1,588,995$531,453
X-28 Net assets with donor restrictionsStart of year $160,371$585,945
X-32 Total net assets or fund balancesStart of year $1,749,366$1,117,398
X-33 Total liabilities and net assetsStart of year $1,975,379$1,426,602
Part XI · Reconciliation of net assets $1,117,398 net assets at year end
XI-1 Total revenue$2,040,385
XI-2 Total expenses$2,475,200
XI-3 Revenue less expenses−$434,815
XI-4 Net assets at start of year$1,749,366
XI-5 Net unrealized gains (losses) on investments−$187,153
XI-9 Other changes in net assets−$10,000
XI-10 Net assets at end of year$1,117,398

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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