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Goodwillfinds Ecommerce INC

Wilmington, DEUnknown exempt organization EIN 87-1302020Revenue $4.9M in FY2024

On file with the IRSgoodwillfinds.com221 West 9th Street Suite 135 · Wilmington, DE

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Innovating online resale with a purpose.

70¢ of each $1 spent went to programs.
$2.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 3
filings with a surplus
Average deficit $6.9M a year · 235% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24.8M
653% of total assets
Concern: liabilities are 653% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
+130% vs prior year
Spent
$9.0M
To programs
70%
Net assets
−$21.0M
By yearFY2022–FY2024
Revenue
$4.9M
FY2024▲ +130%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.8M
FY2023$2.1M
FY2024$4.9M
Expenses
$9.0M
FY2024▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2022$4.2M
FY2023$16.1M
FY2024$9.0M
Net assets
−$21.0M
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2022−$2.8M
FY2023−$16.9M
FY2024−$21.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $6.3M Management & general 30% · $2.7M

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

20 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
Matthew Kaness
Chief Executive Officer
$768,999Pt VII · Sec A
Nicolas Genest
Chief Technology Officer
$352,741Pt VII · Sec A
Manoj Parashar
CFO (to 07/2025)
$348,115Pt VII · Sec A
James Davis
Chief Revenue Officer
$333,092Pt VII · Sec A
Manoj Parashar
Chief Financial Officer
$317,306Pt VII · Sec A
Matthew Kaness
CEO (to 03/2025)
$297,620Pt VII · Sec A
John Kachurick
Director, Inform. Technology
$170,579Pt VII · Sec A
Nicolas Genest Chief
Technology Officer(to 04/2025)
$156,362Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Matthew Kaness$768,999$942,854$331,690
Nicolas Genest$352,741$390,838—
James Davis$333,092$309,825$20,625
Manoj Parashar$317,306$191,286—
Beth Monda—$152,200$300,000
Ashley Westfall—$244,493—
John Kachurick$170,579$157,423—
Nicolas Genest Chief$156,362——

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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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

Empowering sustainable shopping through innovative online resale.

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Provided by the organization

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2 programs · $8.2M · in their own filed words · FY2024
01

Goodwillfinds transforms goodwill's ecommerce business via a modern online platform generating additional financial resources for member goodwills so they can invest in numerous mission services and programs in local communities for people in need.

$6.3Mprogram expense
02

Goodwillfinds transforms goodwill's ecommerce business via a modern online platform generating additional financial resources for member goodwills so they can invest in numerous mission services and programs in local communities for people in need.

$1.9Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.9M
Ln 12
Fees for servicesLn 2g$4.7M
Other incomeLn 4–11$169K
Money outPt IX
$9.0M
Ln 25
Programscol B$6.3M
Managementcol C$2.7M
Owns and owesPt X
−$21.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$3.8M
LiabilitiesLn 26$24.8M
PeoplePt VI, VII
20
listed · VII A
PaidVII A9
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.7M
Other incomeLn 4–11$169K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$2.5M
Total assetsLn 16$3.8M
LiabilitiesLn 26$24.8M
Net assetsLn 32−$21.0M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.9M$9.0M−$4.1M−$21.0M 990 PDF
FY2023 $2.1M$16.1M−$14.0M−$16.9M 990 PDF
FY2022 $1.8M$4.2M−$2.5M−$2.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons J · Pay O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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