Common Good Community Development Corporation
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Lexington, KY
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-3950421
Organization Overview
Common Good Community Development Corporation is located in Lexington, KY. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Common Good Community Development Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Good Community Development Corporation 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, Common Good Community Development Corporation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $501.4k during the year ending 12/2021. While expenses have increased by 19.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUMMER CARE AND AFTER SCHOOL CARE FOR K-12 STUDENTS TO PROVIDE A SAFE, SUPERVISED ENVIRONMENT THAT OFFERS NUTRITOUS MEALS, HOMEWORK HELP, AND MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAM SERVES K-12TH GRADE FOUR DAYS/WEEK. STUDENTS RECEIVE NUTRITIOUS MEALS, SAFE PLACE AFTER SCHOOL, HOMEWORK ASSISTANCE/MENTORING IN SUPERVISED ENVIRONMENT. 85 STUDENTS SERVED.
SUMMER PROGRAM PROVIDES SAFE, SUPERVISED PLACE FOR K-12TH GRADE STUDENTS. THIS PROGRAM WEAVES TOGETHER MULTIPLE ELEMENTS: BASIC NEEDS, EDUCATION, RECREATION, SPIRTUAL FORMATION/LEADERSHIP DEVELOPMENT. 57 STUDENTS SERVED.
MATCHSTICK GOODS LAUNCHED IN 2019 AND EMPLOYS STUDENTS (3) AND GRADUATES (1). THE STUDENTS AND GRADUATES MAKE HANDMADE CERAMIC GOODS WHILE GIVING YOUNG PEOPLE A CREATIVE VOICE, BUSINESS EXPERIENCE AND THE ABILITY TO EARN A FAIR WAGE.
MISSION TRANSITION, PARTNERS FOR YOUTH GRANT, COVID EMERGENCY FUND, BGCF COVID FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Gallaher Executive Director | Officer | 40 | $53,235 |
Suzannah Sizemore Vice President | OfficerTrustee | 2 | $0 |
Richard Grier President | OfficerTrustee | 2 | $0 |
Laban Miller Treasurer | OfficerTrustee | 2 | $0 |
Ben Miller Board Member | Trustee | 2 | $0 |
Valentin Gomez Board Member | Trustee | 2 | $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 | $1,001,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,001,570 |
| Total Program Service Revenue | $1,485 |
| Investment income | $1 |
| 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 | $14,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,026 |
| 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. | $63,092 |
| Compensation of current officers, directors, key employees. | $22,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,455 |
| Payroll taxes | $26,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,783 |
| 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 | $2,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,344 |
| Travel | $3,534 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,256 |
| Insurance | $4,311 |
| All other expenses | $89,306 |
| Total functional expenses | $501,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,809 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $31,119 |
| Net Land, buildings, and equipment | $24,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,105,041 |
| Accounts payable and accrued expenses | $1,731 |
| 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 | $1,731 |
| Net assets without donor restrictions | $1,091,431 |
| Net assets with donor restrictions | $11,879 |
| 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 | $1,105,041 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Common Good Community Development Corporation has recieved totaling $95,868.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $52,373 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $24,395 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,492 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,500 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |