Good Institute
- Assets
- $2.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Oakland, CA
- Founding
- 05/2005
- Data as of
- 06/2022
- EIN
- 03-0552976
Organization Overview
Good Institute is located in Oakland, CA. The organization was established in 2005. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Good Institute employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Good Institute generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GOOD INSTITUTE IS A GLOBAL NONPROFIT THAT AIMS TO LEVERAGE BUSINESS, SCIENCE AND MEDIA AS TRANSFORMATIONAL FORCES FOR GOOD THROUGH PLATFORMS, PROGRAMS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THOUGHT LEADERSHIP: THROUGH PUBLICATIONS, CONTENT, EVENTS, AND MORE, GOOD INSTITUTE SERVES AS THOUGHT PARTNER ACROSS VARIOUS SOCIAL AND ENVIRONMENTAL ISSUES. INITIATIVES WITH PARTNERS SUCH AS MEIER, GORDON AND BETTY MOORE, LEAPS BY BAYER, AND MORE AIM TO EMPOWER SOCIALLY RESPONSIBLE ORGANIZATIONS AND INDIVIDUALS TO ADDRESS IMPORTANT ISSUES, DRIVE SOCIAL ACTION AND REIMAGINE THE POSSIBILITIES FOR OUR SHARED FUTURE. GOOD INSTITUTE, ITS PLATFORMS AND PROGRAMS REACH MORE THAN 100+K PEOPLE ANNUALLY.
STUDENT PROGRAMS & CHAPTER ENGAGEMENT: GOOD INSTITUTE DEVELOPS AND HOSTS PROGRAMS AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR THE NET IMPACT COMMUNITY AND MANY OTHERS AROUND THE WORLD. PROGRAMS ENGAGE THOUSANDS OF UNDERGRADUATE AND GRADUATESTUDENTS, AS WELL AS PROFESSIONALS, ON A VARIETY OF TOPICSINCLUDING CLIMATE ACTION, CORPORATE SUSTAINABILITY, CIVIC ENGAGEMENT, AND MORE, AIMED TO DEVELOP AND ACTIVATE EMPOWERED MEMBERS OF THE GLOBAL WORKFORCE WHO LEVERAGE THEIR SKILLS AND CAREERS TO DRIVE TRANSFORMATIONAL CHANGE FOR PEOPLE AND PLANET. ~86+% OF PARTICIPANTS REPORT THEY GAINED KNOWLEDGE/SKILLS/CONNECTIONS FOR CAREER GOALS, ~75+% REPORTED FEELING BETTER EQUIPPED TO MAKE CHANGE. THE NET IMPACT GLOBAL COMMUNITY IS COMPRISED OF 300+ CAMPUS AND PROFESSIONAL CHAPTERS. NET IMPACT EDUCATES AND CONNECTS EMERGING LEADERS AROUND THE GLOBE TO DRIVE SOCIAL AND ENVIRONMENTAL CHANGE THROUGHOUT THEIR EDUCATION AND CAREERS. CHAPTERS HOST APPROXIMATELY 4,000 NETWORKING, EDUCATIONAL, AND COMMUNITY SERVICE EVENTS AND PROJECTS ANNUALLY, MANY OF WHICH ARE OPEN TO THE PUBLIC. NET IMPACT'S CHAPTERS DO NOT MEET THE DEFINITION OF LOCAL CHAPTERS OR AFFILIATES FOR PART VI, QUESTION 10A ON FORM 990 AS THE ORGANIZATION DOES NOT HAVE FINANCIAL OR PROGRAMMATIC OVERSIGHT OF LOCAL CHAPTERS.
THE ORGANIZATION IS HOME TO NET IMPACT, A GLOBAL COMMUNITY OF 300+ CAMPUS AND PROFESSIONAL CHAPTERS. NET IMPACT EDUCATES AND CONNECTS EMERGING LEADERS AROUND THE GLOBE TO DRIVE SOCIAL AND ENVIRONMENTAL CHANGE THROUGHOUT THEIR EDUCATION AND CAREERS. CHAPTERS HOST APPROXIMATELY 4,000 NETWORKING, EDUCATIONAL, AND COMMUNITY SERVICE EVENTS AND PROJECTS ANNUALLY, MANY OF WHICH ARE OPEN TO THE PUBLIC. NET IMPACT'S CHAPTERS DO NOT MEET THE DEFINITION OF LOCAL CHAPTERS OR AFFILIATES FOR PART VI, QUESTION 10A ON FORM 990 AS THE ORGANIZATION DOES NOT HAVE FINANCIAL OR PROGRAMMATIC OVERSIGHT OF LOCAL CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Silberman Chair | OfficerTrustee | 1 | $0 |
Brian Griffith Treasurer | OfficerTrustee | 1 | $0 |
M Randall Strickland Secretary | OfficerTrustee | 1 | $0 |
John Davies Director | Trustee | 1 | $0 |
Suzanne Fallender Director | Trustee | 1 | $0 |
Yusuf George Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,394,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,422,720 |
| Total Program Service Revenue | $562,899 |
| Investment income | $3,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,680 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,051,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $41,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,060,598 |
| Compensation of current officers, directors, key employees. | $142,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,151 |
| Payroll taxes | $156,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $965,257 |
| Advertising and promotion | $168,012 |
| Office expenses | $129,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $289,127 |
| Travel | $33,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,999 |
| Insurance | $19,604 |
| All other expenses | $0 |
| Total functional expenses | $4,397,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,427 |
| Savings and temporary cash investments | $1,029,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,735 |
| Net Land, buildings, and equipment | $41,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,198 |
| Total assets | $1,960,755 |
| Accounts payable and accrued expenses | $326,334 |
| Grants payable | $0 |
| Deferred revenue | $515,603 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $94,020 |
| Total liabilities | $935,957 |
| Net assets without donor restrictions | $592,087 |
| Net assets with donor restrictions | $432,711 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,960,755 |