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Good Work Network FY2020 filing

IRS exemption revoked

New Orleans, LAUnknown exempt organization EIN 72-1499442Revenue $962K in FY2020

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

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Small business development

47¢ of each $1 spent went to programs.
$135K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
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
$293K
17% of total assets
Looks good: liabilities are 17% 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
$962K
Spent
$797K
To programs
47%
Net assets
$1.5M
By yearFY2020–FY2021
Revenue
$962K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$962K
FY2021$572K
Expenses
$797K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$797K
FY2021$817K
Net assets
$1.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.2M

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

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

47 cents of each dollar spent went to programs.

Program services 47% · $371K Management & general 53% · $426K

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

12 people listed on the 990; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation
Hermione Malone
Executive Director
$135,179Pt 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 · $371K · in their own filed words · FY2020
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.

$371Kprogram 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$962K
Ln 12
Gifts and grantsLn 1h$887K
Other incomeLn 4–11$56K
Fees for servicesLn 2g$18K
Money outPt IX
$797K
Ln 25
Programscol B$371K
Managementcol C$426K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$434K
Total assetsLn 16$1.8M
LiabilitiesLn 26$293K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$887K
Government grantsLn 1e$78K
Fees for servicesLn 2g$18K
Investment incomeLn 3$1K
Other incomeLn 4–11$56K
Total revenueLn 12$962K
Assets in detailPt X, end of year
CashLn 1$434K
Cash and savings togetherLn 1–2$434K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$5K
Total assetsLn 16$1.8M
LiabilitiesLn 26$293K
Net assetsLn 32$1.5M
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 FY20End FY20
Cash and savingsLn 1–2$272K$434K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.6M$1.8M
LiabilitiesLn 26$330K$293K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$135K$50K$85K
Other salaries and wagesLn 7$233K$87K$146K
Other employee benefitsLn 9$32K$12K$20K
Payroll taxesLn 10$20K$7K$12K
Accounting feesLn 11c$71K$26K$44K
Other fees for servicesLn 11g$24K$8K$16K
Advertising and promotionLn 12$50K$20K$30K
Office expensesLn 13$25K$9K$16K
Information technologyLn 14$19K$12K$7K
OccupancyLn 16$35K$27K$9K
TravelLn 17$3K$2K$537
Conferences, conventions and meetingsLn 19$4K$2K$2K
InterestLn 20$6K$5K$1K
Depreciation, depletion and amortizationLn 22$28K$18K$10K
InsuranceLn 23$25K$10K$15K
Other expenses (24a–d)Ln 24$88K$75K$12K
All other expensesLn 24e$168$168
Total functional expensesLn 25$797K$371K$426K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $572K$817K−$245K$1.2M 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $961,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $661,469$887,129
I-9 Program service revenuePrior year $4,622$17,798
I-10 Investment incomePrior year −$81,822$1,247
I-11 Other revenuePrior year $56,346$55,538
I-12 Total revenuePrior year $640,615$961,712
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 $512,805$419,935
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $631,628$377,403
I-18 Total expensesPrior year $1,144,433$797,338
I-19 Revenue less expensesPrior year −$503,818$164,374
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $961,712 across 8 lines filed
VIII-1e Government grants$78,300
VIII-1f All other contributions, gifts and grants$808,829
VIII-1h Total contributions, gifts and grants$887,129
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,798$17,798
VIII-3 Investment incomeExcluded from tax $1,247$1,247
VIII-6 Net rental income or lossUnrelated business $17,538$17,538
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,000$38,000
VIII-12 Total revenueRelated to mission $55,798 · Unrelated business $17,538 · Excluded from tax $1,247$961,712
Part IX · Statement of functional expenses $797,338 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,498 · Management $84,681$135,179
IX-7 Other salaries and wagesPrograms $86,972 · Management $145,846$232,818
IX-9 Other employee benefitsPrograms $12,114 · Management $20,314$32,428
IX-10 Payroll taxesPrograms $7,288 · Management $12,222$19,510
IX-11c Accounting feesPrograms $26,354 · Management $44,194$70,548
IX-11g Other fees for servicesPrograms $7,548 · Management $16,181$23,729
IX-12 Advertising and promotionPrograms $19,910 · Management $30,009$49,919
IX-13 Office expensesPrograms $8,677 · Management $16,071$24,748
IX-14 Information technologyPrograms $12,272 · Management $6,621$18,893
IX-16 OccupancyPrograms $26,521 · Management $8,519$35,040
IX-17 TravelPrograms $2,310 · Management $537$2,847
IX-19 Conferences, conventions and meetingsPrograms $2,400 · Management $1,875$4,275
IX-20 InterestPrograms $4,506 · Management $1,327$5,833
IX-22 Depreciation, depletion and amortizationPrograms $18,147 · Management $10,027$28,174
IX-23 InsurancePrograms $10,048 · Management $15,211$25,259
IX-24 Other expenses (24a–d)Programs $75,491 · Management $12,479$87,970
IX-24e All other expensesManagement $168$168
IX-25 Total functional expensesPrograms $371,056 · Management $426,282 · Fundraising $0$797,338
Part X · Balance sheet $1,759,845 assets, 14 lines filed
Asset lines not itemized here account for $1,796; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $272,441$434,324
X-4 Accounts receivableStart of year $44$449
X-9 Prepaid expenses and deferred chargesStart of year $25,367$19,803
X-10c Land, buildings and equipment, netStart of year $1,327,042$1,298,762
X-15 Other assetsStart of year $4,711$4,711
X-16 Total assetsStart of year $1,632,625$1,759,845
X-17 Accounts payable and accrued expensesStart of year $55,693$83,008
X-19 Deferred revenueStart of year $7,563$2,243
X-25 Other liabilitiesStart of year $34,656$0
X-26 Total liabilitiesStart of year $330,084$292,930
X-27 Net assets without donor restrictionsStart of year $1,294,974$1,466,915
X-28 Net assets with donor restrictionsStart of year $7,567$0
X-32 Total net assets or fund balancesStart of year $1,302,541$1,466,915
X-33 Total liabilities and net assetsStart of year $1,632,625$1,759,845
Part XI · Reconciliation of net assets $1,466,915 net assets at year end
XI-1 Total revenue$961,712
XI-2 Total expenses$797,338
XI-3 Revenue less expenses$164,374
XI-4 Net assets at start of year$1,302,541
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,466,915

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

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