Make Good Inc
- Assets
- $427.4k
- Revenue
- $701.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Los Angeles, CA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-4525072
Organization Overview
Make Good Inc is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Make Good Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Make Good Inc 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 12/2022, Make Good Inc generated $701.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $585.5k during the year ending 12/2022. While expenses have increased by 32.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MAKE GOOD BELIEVES IN BUILDING A MORE EQUITABLE SOCIETY BY PROVIDING IMMEDIATE, ON-THE-GROUND IMPACT TO LOS ANGELES' MOST VULNERABLE CHILDREN AND YOUTH. THROUGH OUR SIGNATURE PROGRAMS: THE BOOK FOUNDATION AND TAY SHOP AT THE EMPORIUM: FOSTER RESOURCE AND LITERACY CENTER, WE OFFER TARGETED PROGRAMS TO THOSE MOST AT RISK OF FALLING BEHIND. WE BELIEVE BEING LITERATE GOES BEYOND WORDS AND BOOKS. IT INCLUDES FINANCIAL AND NUTRITIONAL LITERACY, SOCIAL AND EMOTIONAL INTELLIGENCE AND HAVING ONE'S NEEDS MET WITH DIGNITY AND RESPECT. WE AVOID A DUPLICATION OF EFFORT AND PROVIDE DEEPLY ENRICHED PROGRAMS BY PARTNERING WITH 'BEST-IN-CLASS' ORGANIZATIONS TO EFFECT POSITIVE AND LASTING CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOOK FOUNDATION WAS LAUNCHED IN 2014 BY FORMER HOLLYWOOD PRODUCER AND SOCIAL ENTREPRENEUR, RUTH STALFORD. THE INITIAL IDEA WAS SIMPLE: GET NEW BOOKS INTO THE HANDS OF CHILDREN IN UNDER-RESOURCED AREAS. THE RESEARCH WAS CLEAR, CHILDREN GROWING UP IN HOMES WITH NO BOOKS ARE "ON AVERAGE" THREE YEARS BEHIND IN SCHOOL THAN CHILDREN WHO HAVE ACCESS TO LOTS OF BOOKS. IN LOW-INCOME AREAS THE RATIO OF BOOKS TO CHILDREN IS 1 TO 300. RUTH'S PASSION WAS CONTAGIOUS AND SHE SOON BEGAN PARTNERING WITH LIKE MINDED ORGANIZATIONS. HER GOAL EARLY ON WAS NOT TO DUPLICATE EFFORTS AND INSTEAD TO PARTNER WITH THE BEST OF BREED ORGANIZATIONS WHOSE MISSIONS- AND POPULATIONS' WERE COMPLEMENTARY TO THE BOOK FOUNDATION. SINCE ITS INCEPTION THE BOOK FOUNDATION HAS GIVEN AWAY OVER 300,000 BOOKS TO 75,000 AT-RISK CHILDREN.
INSPIRED BY FOSTER CARE COUNTS' GOODS FOR GRADES PROGRAM, THE TAY SHOP WAS FOUNDED IN EARLY 2017 TO PROVIDE TRANSITION AGE FOSTER YOUTH(TAY)IN LA COUNTY WITH NEW CLOTHING, ESSENTIAL ITEMS, AND OR COURSE BOOKS, TO HELP EASE THEIR TRANSITION INTO ADULTHOOD. WE PARTNER WITH JOB TRAINING AND MENTORSHIP PROGRAMS TO PROVIDE A PERSONALIZED SHOPPING EXPERIENCE FOR TAY YOUTH AT OUR STOREFRONT. THIS CURATED SHOPPING EXPERIENCE IS COMPLEMENTED WITH ON-SITE LIFE SKILLS AND LITERACY WORKSHOPS FOR TAY YOUTH. SINCE ITS INCEPTION WE HAVE SERVED MORE THAN 7,500 YOUNG PEOPLE, GIVING AWAY THOUSANDS OF SELF-ESTEEM BOOSTING NEW CLOTHING AND ESSENTIAL ITEMS. THE TAY SHOP SPACE HAS EVELOVED INTO A COLLABORATIVE HUB WHERE ORGANIZATIOONS WHO SERVE THIS POPULATION CAN CONNECT AND GATHER TO IMPROVE THE OUTSCOMES FOR ALL YOUNG PEOPLE AS THEY EXIT THE FOSTER CARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Stalford Pres/exec Di | OfficerTrustee | 30 | $35,751 |
Joanne Freed Secretary | OfficerTrustee | 2 | $0 |
Staci Miller Treasurer | OfficerTrustee | 2 | $0 |
Sheri Singer Director | Trustee | 2 | $0 |
Julie Liker Board Chairp | OfficerTrustee | 2 | $0 |
Sandy Nasseri Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,978 |
| Noncash contributions included in lines 1a–1f | $72,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,978 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $700,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,216 |
| 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 | $5,181 |
| Advertising and promotion | $5,070 |
| Office expenses | $19,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,708 |
| All other expenses | $55,661 |
| Total functional expenses | $585,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,560 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,000 |
| Total assets | $427,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $111,102 |
| Total liabilities | $111,102 |
| Net assets without donor restrictions | $236,299 |
| Net assets with donor restrictions | $80,000 |
| 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 | $427,401 |