Global Good Fund
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Glenwood, MD
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-1495972
Organization Overview
Global Good Fund is located in Glenwood, MD. The organization was established in 2013. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Global Good Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Good Fund 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 Good Fund generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 8 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 2018, Global Good Fund has awarded 37 individual grants totaling $366,802. 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
ACCELERATE THE DEVELOPMENT OF HIGH POTENTIAL YOUNG LEADERS TO ACHIEVE OUT-SIZED SOCIAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP PROGRAM PROVIDES RESOURCES AND TOOLS TO HIGH POTENTIAL, YOUNG SOCIAL ENTREPRENEURS. IT IS A 15 MONTH PROGRAM THAT INCLUDES LEADERSHIP ASSESSMENT TOOLS, EXECUTIVE COACHING SERVICES, LEADERSHIP DEVELOPMENT PLANNING, ANNUAL SUMMIT, MENTORSHIP, NETWORKING OPPORTUNITIES, AND STAFF SUPPORT SERVICES. SINCE 2013, OUR SIGNATURE GLOBAL GOOD FUND FELLOWSHIP HAS DEVELOPED 105 LEADERS WHO ARE NOW ACCELERATING THEIR ENTERPRISE GROWTH IN 30 COUNTRIES AND BEYOND. TOGETHER WE BUILD A STRONG AND SUSTAINABLE COMMUNITY AROUND THE WORLD TO GENERATE MORE GLOBAL GOOD EVERY DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Rich Director CEO President | OfficerTrustee | 0 | $303,000 |
Patricia Obermaier Director | Trustee | 0 | $0 |
Dan Kotter Director | Trustee | 0 | $0 |
Jerry Buckley Director | Trustee | 0 | $0 |
Kristen Chou Director | Trustee | 0 | $0 |
Rachael Watson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,289,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,452,950 |
| Total Program Service Revenue | $549,632 |
| Investment income | $15,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,040,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,139 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $303,000 |
| Compensation of current officers, directors, key employees. | $50,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,456 |
| Payroll taxes | $56,445 |
| Fees for services: Management | $4,198 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,047 |
| Fees for services: Other | $455,320 |
| Advertising and promotion | $315,996 |
| Office expenses | $14,465 |
| Information technology | $26,501 |
| Royalties | $0 |
| Occupancy | $14,976 |
| Travel | $30,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $547,011 |
| Interest | $2,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,601 |
| Insurance | $16,754 |
| All other expenses | $0 |
| Total functional expenses | $2,475,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,536 |
| Accounts receivable, net | $89,009 |
| 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 | $24,094 |
| Net Land, buildings, and equipment | $954 |
| Investments—publicly traded securities | $844,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,426,602 |
| Accounts payable and accrued expenses | $34,204 |
| 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 | $275,000 |
| Other liabilities | $0 |
| Total liabilities | $309,204 |
| Net assets without donor restrictions | $531,453 |
| Net assets with donor restrictions | $585,945 |
| 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 | $1,426,602 |
Grants Awarded
Over the last fiscal year, Global Good Fund has awarded $73,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ABBEY GOEL & ASSOCIATES PURPOSE: GRANTS | $9,000 |
AFTER SCHOOL ALL STARS PURPOSE: GRANTS | $5,000 |
BIOLOGIC COMMUNITY HEALTH PURPOSE: GRANTS | $5,000 |
CONSULT YOUR COMMUNITY INC PURPOSE: GRANTS | $5,000 |
GOODWILL INDUSTRIES OF EAST TEXAS INC PURPOSE: GRANTS | $5,000 |
LAVA MAE PURPOSE: GRANTS | $5,000 |