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Good Work Network

IRS exemption revoked

New Orleans, LAUnknown exempt organization EIN 72-1499442Revenue $572K in FY2021

On file with the IRSgoodworknetwork.org2016 Oretha Castle Haley Blvd · New Orleans, LA

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Small business development

40¢ of each $1 spent went to programs.
Run by 11 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $41K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $100K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$249K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$572K
-41% vs prior year
Spent
$817K
To programs
40%
Net assets
$1.2M
By yearFY2020–FY2021
Revenue
$572K
FY2021▼ -41%
Tap a bar for its year
Revenue by fiscal year
FY2020$962K
FY2021$572K
Expenses
$817K
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$797K
FY2021$817K
Net assets
$1.2M
FY2021▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.2M

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $323K Management & general 60% · $491K Fundraising 0% · $3K

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; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation
Hermione Malone
Executive Director
$147,012Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2021FY2020
Hermione Malone$147,012$135,179

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 Good Work Network 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

Programs and updates

Good Work Network is a nonprofit organization based in New Orleans, LA.

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Provided by the organization

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1 program · $323K · in their own filed words · FY2021
01

Education and Entrepreneurship Support Services

Good work network is a provider of business development services for small community-based businesses that support families and sustain communities. The network works to expand the local economy by building minority and women owned businesses.

$323Kprogram expense

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 · FY2023
Nola Business AllianceFY2023$50K
The Greater New Orleans FoundationFY2023$50K
Amazonsmile FoundationFY2023$28
Total grants receivedfrom 3 funders$100K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$572K
Ln 12
Gifts and grantsLn 1h$536K
Other incomeLn 4–11$32K
Fees for servicesLn 2g$3K
Money outPt IX
$817K
Ln 25
Programscol B$323K
Managementcol C$491K
Fundraisingcol D$3K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$126K
Total assetsLn 16$1.5M
LiabilitiesLn 26$249K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$536K
Government grantsLn 1e$214K
Fees for servicesLn 2g$3K
Investment incomeLn 3$426
Other incomeLn 4–11$32K
Total revenueLn 12$572K
Assets in detailPt X, end of year
CashLn 1$126K
Cash and savings togetherLn 1–2$126K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$5K
Total assetsLn 16$1.5M
LiabilitiesLn 26$249K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$434K$126K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.8M$1.5M
LiabilitiesLn 26$293K$249K
Net assetsLn 32$1.5M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$147K$56K$91K
Other salaries and wagesLn 7$189K$73K$116K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$43K$15K$28K
Payroll taxesLn 10−$25−$25
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$60K$60K
Other fees for servicesLn 11g$94K$80K$14K
Advertising and promotionLn 12$58K$5K$52K
Office expensesLn 13$8K$567$7K
OccupancyLn 16$25K$25K
Conferences, conventions and meetingsLn 19$105$75$30
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$122K$91K$32K
All other expensesLn 24e$10K$3K$3K$3K
Total functional expensesLn 25$817K$323K$491K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $572K$817K−$245K$1.2M 990 PDF
FY2020 $962K$797K$164K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $571,713 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $887,129$536,455
I-9 Program service revenuePrior year $17,798$2,684
I-10 Investment incomePrior year $1,247$426
I-11 Other revenuePrior year $55,538$32,148
I-12 Total revenuePrior year $961,712$571,713
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $419,935$384,729
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $377,403$432,479
I-18 Total expensesPrior year $797,338$817,208
I-19 Revenue less expensesPrior year $164,374−$245,495
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $571,713 across 7 lines filed
VIII-1e Government grants$214,015
VIII-1f All other contributions, gifts and grants$322,440
VIII-1h Total contributions, gifts and grants$536,455
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,684$2,684
VIII-3 Investment incomeExcluded from tax $426$426
VIII-6 Net rental income or lossUnrelated business $32,148$32,148
VIII-12 Total revenueRelated to mission $2,684 · Unrelated business $32,148 · Excluded from tax $426$571,713
Part IX · Statement of functional expenses $817,208 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $55,865 · Management $91,147$147,012
IX-7 Other salaries and wagesPrograms $72,733 · Management $115,917$188,650
IX-8 Pension plan contributionsManagement $6,000$6,000
IX-9 Other employee benefitsPrograms $15,044 · Management $28,048$43,092
IX-10 Payroll taxesManagement −$25−$25
IX-11b Legal feesManagement $2,543$2,543
IX-11c Accounting feesManagement $59,539$59,539
IX-11g Other fees for servicesPrograms $79,567 · Management $14,466$94,033
IX-12 Advertising and promotionPrograms $5,472 · Management $52,409$57,881
IX-13 Office expensesPrograms $567 · Management $7,348$7,915
IX-16 OccupancyManagement $25,070$25,070
IX-19 Conferences, conventions and meetingsPrograms $75 · Management $30$105
IX-20 InterestManagement $4,534$4,534
IX-22 Depreciation, depletion and amortizationManagement $28,565$28,565
IX-23 InsuranceManagement $20,551$20,551
IX-24 Other expenses (24a–d)Programs $90,591 · Management $31,539$122,130
IX-24e All other expensesPrograms $3,198 · Management $3,040 · Fundraising $3,375$9,613
IX-25 Total functional expensesPrograms $323,112 · Management $490,721 · Fundraising $3,375$817,208
Part X · Balance sheet $1,470,555 assets, 11 lines filed
Asset lines not itemized here account for $1,796; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $434,324$125,568
X-4 Accounts receivableStart of year $449$68,723
X-9 Prepaid expenses and deferred chargesStart of year $19,803$12,719
X-10c Land, buildings and equipment, netStart of year $1,298,762$1,257,038
X-15 Other assetsStart of year $4,711$4,711
X-16 Total assetsStart of year $1,759,845$1,470,555
X-17 Accounts payable and accrued expensesStart of year $83,008$69,623
X-26 Total liabilitiesStart of year $292,930$249,135
X-27 Net assets without donor restrictionsStart of year $1,466,915$1,221,420
X-32 Total net assets or fund balancesStart of year $1,466,915$1,221,420
X-33 Total liabilities and net assetsStart of year $1,759,845$1,470,555
Part XI · Reconciliation of net assets $1,221,420 net assets at year end
XI-1 Total revenue$571,713
XI-2 Total expenses$817,208
XI-3 Revenue less expenses−$245,495
XI-4 Net assets at start of year$1,466,915
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,221,420

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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