Goods for Good EIN 87-3847988 Form 990 (PDF) Claim this org

Goods for Good

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Distributes essential goods to local nonprofits supporting vulnerable DC communities. For fiscal year 2025 it reported $541K in revenue, $348K in expenses, and $410K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Washington, DC
Website
goodsforgooddc.org
Filings
4 on file (2022–2025)
Revenue
$541KFY2025
Expenses
$348K
Net assets
$410K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-3847988 Public foundation / grantmaker Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Distributes essential goods to local nonprofits supporting vulnerable DC communities.
Leadership
Elizabeth Workman · Executive Director · $44K
Money in and out
$541K revenue, $348K expenses
Bottom line
90% program efficiency
Grants paid & assets · FY2025
Total revenue
$541K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $193K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
27.4mo
months of highly liquid reserves at operating expense rate▲ +41% vs prior filing year
Surplus margin
+36%
revenue over expenses, this year▲ +150% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$541K
FY2025▲ +56%
Expenses
$348K
FY2025▲ +17%
Total assets
$420K
FY2025▲ +84%
Total liabilities
$10K
FY2025▼ -46%
Total revenue
$541K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$193K
Total assetsPt X · Ln 16$420K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGoods for Good
EINHdr · item D87-3847988
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jgoodsforgooddc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJan 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$43,750Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Workman’s $44K as Executive Director is at the 40th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Elizabeth Workman$43,750$35,000$15,000$12,000

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

3 program services account for $315K of program spending, described in the organization's own filed words · FY2025.
01

Essentials

Projects in this category are goods and services that focus on essential items critical to basic living. Included in this category are clothing, meals and groceries, special needs, furniture and household items, and more.

$193Kprogram expense
02

Enrichment

Projects in this category focus on ways Goods for Good can bring happiness by pushing back isolation, loneliness, and depression often caused by the impacts of poverty. Included in this category are care bags, holiday boxes, cards, and more.

$82Kprogram expense
03

Wellness

Projects in this category are goods and services that focus on the overall physical and mental health of individuals. Included in this category are health supplies, fans for underserved seniors, filled diaper bags for low-income moms, and toiletries for those in need.

$40Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$541K
Total revenueLn 12$541K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$315K
Management & general7%$23K
Fundraising3%$11K
Total functional expensesLn 25$348K

Balance Sheet

Part X · end of year
CashLn 1$401K
Total assetsLn 16$420K
Total liabilitiesLn 26$10K
Total net assetsLn 32$410K
Months of cash on handcomputed13.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $401K · Operating expenses (Pt IX) $348K · Less non-cash grants $172K · Cash operating expenses/yr $176K
27.4 months
Where the money goes
Program services
Program services $315K · Total expenses $348K
90%
Management & General
Management & general $23K · Total expenses $348K
7%
Fundraising
Fundraising $11K · Total expenses $348K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $398K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $541K · Total revenue $541K
100%
Government reliance
Government grants $0 · Total revenue $541K
0%
Earned-income share
Program service revenue $0 · Total revenue $541K
0%
Investment reliance
Investment income $0 · Total revenue $541K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $348K
0%
Growth & trend
Revenue growth (YoY)
This year $541K · Prior year $348K
+56%
Net-asset trend (YoY)
End of year $410K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $541K · Expenses $348K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $420K
Net-asset ratio
Net assets $410K · Total assets $420K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $420K
0%
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Workman · Reported title Executive Director · Highest reported compensation $44K · Total expenses $348K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $348K
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 2%
Revenue growth 56%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
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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
FY2025 (Latest)$541K revenue · viewing · ⤓ 990 PDF
FY2024$348K revenue · ⤓ 990 PDF
FY2023$305K revenue · ⤓ 990 PDF
FY2022$266K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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