The Business Of Good Foundation
- Assets
- $15.0m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 34-1973248
Organization Overview
The Business Of Good Foundation is located in Ashtabula, OH. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Of Good Foundation 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 12/2021, Business Of Good Foundation generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $814.6k during the year ending 12/2021. While expenses have increased by 14.4% 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.
Since 2014, Business Of Good Foundation has awarded 154 individual grants totaling $2,741,361. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXECUTIVE COACHING AND CONSULTING PROGRAM SUPPORTS NON-PROFIT LEADERS AND SOCIAL ENTREPRENEURS IN NORTHEAST OHIO WHO ARE COMMITTED TO BUILDING THE SELF-ESTEEM AND EMPOWERMENT OF THE ECONOMICALLY DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Roller President | 16 | $0 | |
Alice Mccarthy Vice President | 16 | $0 | |
Stuart W Cordell Treasurer | 16 | $0 | |
Timothy P Mccarthy Secretary | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mentorcliq | 12/30/18 | $150,000 |
Community Strategies Consulting | 12/30/18 | $80,000 |
Next Step Business Consulting | 12/30/18 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,775,541 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,775,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,448 |
| Printing and publications | $0 |
| Other expenses | $33,913 |
| Total operating and administrative expenses | $92,438 |
| Contributions, gifts, grants paid | $722,142 |
| Total expenses and disbursements | $814,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,999,540 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,999,540 |
| Accounts payable and accrued expenses | $61,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,156 |
Grants Awarded
Over the last fiscal year, The Business Of Good Foundation has awarded $722,142 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: GENERAL OPERATIONS | $200,000 |
Ashtabula, OH PURPOSE: GENERAL OPERATIONS | $100,942 |
SEA CHANGE PURPOSE: GENERAL OPERATIONS | $100,000 |
Ashtabula, OH PURPOSE: GENERAL OPERATIONS | $70,000 |
NEO FUND PURPOSE: GENERAL OPERATIONS | $60,000 |
HEBREW FREE LOAN ASSOCIATION PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |