Global For Good Fund Inc
- Assets
- $202.5k
- Revenue
- $882.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-0467647
Organization Overview
Global For Good Fund Inc is located in Waltham, MA. The organization was established in 2010. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global For Good Fund 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, Global For Good Fund Inc generated $882.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $815.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Global For Good Fund Inc has awarded 63 individual grants totaling $9,679,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL FOR GOOD FUND, INC. (FORMERLY THE CFMS FUND FOUNDATION INC.) IS A NONPROFIT ORGANIZATION COMPRISED OF DEDICATED INDIVIDUALS, FAMILIES, AND COMPANIES WHOSE PRIMARY MISSION IS TO RAISE MONEY TO CONTRIBUTE TO THE CYSTIC FIBROSIS FUND, THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND OTHER WORTHY 501(C)3 ORGANIZATIONS. AS THE NEW GLOBAL FOR GOOD FUND, INC. OUR GOAL IS TO KEEP OUR COMMUNITIES MOVING, GROWING AND THRIVING. THESE PILLARS OF SUPPORT ALLOW US TO EXPAND OUR CHARITABLE REACH AND MAKE MORE OF AN IMPACT IN THE COMMUNITIES WHERE WE LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS THAT SUPPORT RESEARCH AND PROVIDES FUNDS FOR INDIVIDUALS WITH DISEASES WITH A FOCUS ON MULTIPLE SCLEROSIS AND CYSTIC FIBROSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Geary Pres/secreta | OfficerTrustee | 1 | $0 |
Christopher Doe Treasurer | OfficerTrustee | 1 | $0 |
Catie Kerns Vice Preside | OfficerTrustee | 1 | $0 |
Pj Cimini Board Member | Trustee | 1 | $0 |
Betsy Johnson Board Member | OfficerTrustee | 1 | $0 |
Andrew Slifka Outgoing Cha | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $799,365 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,281 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $882,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,847 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,256 |
| All other expenses | $23,936 |
| Total functional expenses | $815,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,968 |
| Savings and temporary cash investments | $23,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,500 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,467 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $202,467 |
| Net assets with donor restrictions | $0 |
| 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 | $202,467 |
Grants Awarded
Over the last fiscal year, Global For Good Fund Inc has awarded $750,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MS SOCIETY PURPOSE: RESEARCH | $90,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: RESEARCH | $120,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: RESEARCH | $60,000 |
NATIONAL MS SOCIETY - GREATER NE PURPOSE: RESEARCH | $150,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: STEM CELL RESEARCH | $40,000 |
MS UPSTATE NEW YORK PURPOSE: RESEARCH | $45,000 |