Multiply Goodness EIN 81-1609293 Form 990 (PDF) Claim this org

Multiply Goodness FY2022 filing

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Empowers women through Bible study and friendship to build interfaith bridges and spread goodness. For fiscal year 2022 it reported $337K in revenue, $450K in expenses, and $108K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Kaysville, UT
Website
www.multiplygoodness.com
Filings
5 on file (2020–2022)
Revenue
$337KFY2022
Expenses
$450K
Net assets
$108K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1609293 Public charity (501(c)(3)) Kaysville, UT
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers women through Bible study and friendship to build interfaith bridges and spread goodness.
Leadership
Neisha Weiseth · Director · $25K
Money in and out
$337K revenue, $450K expenses
Bottom line
78% program efficiency
Where the money goes · FY2022
Total revenue
$337K
Pt VIII · Ln 12
Total expenses
$450K
Pt IX · Ln 25
Net assets
$108K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$113K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-34%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$337K
FY2022▼ -11%
Expenses
$450K
FY2022▲ +24%
Total assets
$117K
FY2022▼ -48%
Total liabilities
$9K
FY2022▲ +351%
Total revenue
$337K
Pt VIII · Ln 12
Total expenses
$450K
Pt IX · Ln 25
Net assets
$108K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$113K
Total assetsPt X · Ln 16$117K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMultiply Goodness
EINHdr · item D81-1609293
Principal addressHdr · item CKaysville, UT
WebsiteHdr · item Jwww.multiplygoodness.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S21)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$25,200Pt VII · Sec A
$25,200Pt VII · Sec A
Director
$25,200Pt VII · Sec A
Board Member
$8,405Pt VII · Sec A
Board Member
$6,900Pt VII · Sec A
Board Member
$1,800Pt VII · Sec A
Board Member
$1,800Pt VII · Sec A
Board Member
$600Pt VII · Sec A

Brooke Williams’s $41K as Director is at the 80th percentile of top reported officer pay among 168 <$100K 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brooke Williams$40,833$40,833
Katie Hughes$40,000$25,200$25,200$17,900
Neisha Weiseth$40,000$25,200$25,200$17,900
Emily Freeman$25,200$25,200$17,900
Katie Hughes$16,000
Neisha Weiseth$14,000
Lenee Fuelling$4,600$8,405
Emily Snyder$600$6,900

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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Mission & Programs · Part III

Where the work happens

1 program service account for $353K of program spending, described in the organization's own filed words · FY2022.
01

Our study group gatherings are the main emphasis of our community and we provide study guides for each of these gatherings which take place across the world. These study guides include the material to be discussed and the guidelines for small groups in our communities.

$353Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$337K
Total revenueLn 12$337K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$353K
Management & general22%$98K
Total functional expensesLn 25$450K

Balance Sheet

Part X · end of year
CashLn 1$117K
Total assetsLn 16$117K
Total liabilitiesLn 26$9K
Total net assetsLn 32$108K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117K · Operating expenses/yr $450K
3.1 months
Where the money goes
Program services
Program services $353K · Total expenses $450K
78%
Management & General
Management & general $98K · Total expenses $450K
22%
Fundraising
Fundraising $0 · Total expenses $450K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $337K
0%
Government reliance
Government grants — · Total revenue $337K
Earned-income share
Program service revenue $337K · Total revenue $337K
100%
Investment reliance
Investment income $0 · Total revenue $337K
0%
Program self-sufficiency
Program service revenue $337K · Total expenses $450K
75%
Growth & trend
Revenue growth (YoY)
This year $337K · Prior year $377K
-11%
Net-asset trend (YoY)
End of year $108K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $337K · Expenses $450K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $117K
Net-asset ratio
Net assets $108K · Total assets $117K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $117K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Freeman · Reported title DIRECTOR · Highest reported compensation $25K · Total expenses $450K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $125K · Total expenses $450K
28%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Revenue growth -11%
Accounting fee ratio 1%

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$292K revenue · ⤓ 990 PDF
FY2023$294K revenue · ⤓ 990 PDF
FY2022$337K revenue · viewing · ⤓ 990 PDF
FY2021$377K revenue · ⤓ 990 PDF
FY2020$285K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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