Society To Benefit Everyone Inc
- Assets
- $981.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Ashfield, MA
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 20-5280780
Organization Overview
Society To Benefit Everyone Inc, operating under the name Common Good, is located in Ashfield, MA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Good 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, Common Good generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
COMMON GOOD BUILDS TOOLS FOR A NEW COMMUNITY-CENTERED DEMOCRATIC ECONOMY THAT SUPPORTS EACH INDIVIDUAL IN REACHING THEIR FULL POTENTIAL, BY ENSURING THAT EVERYONE HAS ENOUGH TO EAT AND A PLACE TO LIVE, SO THAT EVERYONE IS FREE TO CONTRIBUTE TO SOCIETY IN A WAY THAT BRINGS THEM JOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON GOOD DEMOCRATIC ECONOMICS SYSTEM: WE DESIGN, PROMOTE, AND SUPPORT SOFTWARE, STRATEGIES, AND CONTRACTS FOR A COMMUNITY-CENTERED DEMOCRATIC ECONOMY.
KIBILIO COMMUNITY AND FARM: AN INTERGENERATIONAL, INTENTIONAL COMMUNITY DEDICATED TO EMBODIED HEALING, AND REPARATIVE, ECOLOGICAL, AND REPRODUCTIVE JUSTICE, WORKING COOPERATIVELY TOWARD EDUCATING FOR INDIGENOUS LAND JUSTICE AND ECOLOGICAL BALANCE.
SOLAR SUBSCRIBER MANAGEMENT SYSTEM: WE DESIGN AND MAINTAIN SOFTWARE FOR MANAGING SUBSCRIPTIONS TO COOPERATIVELY-OWNED COMMUNITY SOLAR ELECTRIC ARRAYS, AS A WAY TO LEVERAGE MORE PARTICIPATION IN OUR COMMON GOOD DEMOCRATIC ECONOMICS SYSTEM (SEE ABOVE)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Schaefer Treasurer | OfficerTrustee | 2 | $0 |
Abigail Ferla Secretary | OfficerTrustee | 2 | $0 |
Helen Perham President | OfficerTrustee | 5 | $0 |
William Spademan Executive Director | Officer | 60 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,122,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,122,216 |
| Total Program Service Revenue | $35,400 |
| Investment income | $12,400 |
| 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 | $1,170,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,085 |
| 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 | $40,105 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,627 |
| Fees for services: Management | $14,900 |
| 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 | $51,344 |
| Advertising and promotion | $2,010 |
| Office expenses | $281 |
| Information technology | $12,061 |
| Royalties | $0 |
| Occupancy | $1,028,100 |
| 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 | $809 |
| Insurance | $10,000 |
| All other expenses | $22 |
| Total functional expenses | $1,159,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,326 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $366,295 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $981,019 |
| Accounts payable and accrued expenses | $505 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $472,189 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $7,175 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $49,788 |
| Other liabilities | $67,194 |
| Total liabilities | $596,851 |
| Net assets without donor restrictions | $311,222 |
| Net assets with donor restrictions | $72,946 |
| 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 | $981,019 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society To Benefit Everyone Inc has recieved totaling $458,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $350,000 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR KIBILIO FOR LAND PURCHASE | $108,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |