Multiplying Good Inc
- Assets
- $4.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 64
- Location
- New York, NY
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 52-0959336
Organization Overview
Multiplying Good Inc, operating under the name Jefferson Awards Foundation, is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Jefferson Awards Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Awards 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 12/2022, Jefferson Awards Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLYING GOOD'S MISSION IS TO CULTIVATE GREATNESS THROUGH SERVICE TO OTHERS. APPLYING SERVICE AS A TOOL FOR PERSONAL GROWTH, WE HELP PEOPLE DISCOVER THEIR ABILITY TO BRING ABOUT POSITIVE CHANGE, DELIVER THE SKILLS THEY NEED TO DO IT WELL, AND, BY VALIDATING THEIR IMPACT, INSPIRE THEM TO DO MORE. WE HAVE PROVEN THIS CONTINUUM OF ACTIVATION, TRAINING, AND RECOGNITION GENERATES RIPPLES OF GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A NATIONAL NONPROFIT THAT CELEBRATES, CULTIVATES, AND CONNECTS PUBLIC SERVICE LEADERS THROUGHOUT THE COUNTRY. FOR OVER 50 YEARS, OUR CONTINUUM OF ACTIVATION, TRAINING, AND RECOGNITION HAS GENERATED RIPPLES OF GOOD AND PROMOTED OUR MISSION TO CULTIVATE GREATNESS THROUGH SERVICE TO OTHERS. PUBLIC SERVICE IS A POWERFUL TOOL TO HELP YOUNG PEOPLE DISCOVER THEIR TRUE POTENTIAL. WE BELIEVE SOME OF THE MOST VALUABLE LESSONS COME FROM PUTTING OTHERS' NEEDS FIRST. WITH IMMERSIVE TRAINING, OPPORTUNITIES FOR LOCAL ENGAGEMENT, AND A PRESTIGIOUS AWARDS PLATFORM TO HONOR ACHIEVEMENT, WE HELP YOUTH DEVELOP CONFIDENCE IN THEIR ABILITY TO MAKE A DIFFERENCE AND TO MAKE THE WORLD A BETTER PLACE. TO DATE, WE HAVE TRAINED MORE THAN 30,000 EMPATHETIC YOUNG LEADERS AND CHANGEMAKERS.FOR FIVE DECADES, OUR MEDIA PARTNERS HAVE RECOGNIZED AND ELEVATED THE BEST OF THEIR COMMUNITIES WITH MULTIPLYING GOOD JEFFERSON AWARDS. BY SYSTEMATICALLY TELLING GOOD NEWS STORIES IN THE CONTEXT OF A NATIONAL BRAND, OUR MEDIA PARTNERS WHO REACH 100 MILLION AMERICANS EACH YEAR AND HAVE GIVEN OUT 62,000 AWARDS TO GRASSROOTS UNSUNG HEROES, DRIVE NON-TRADITIONAL REVENUE, ENHANCE AUDIENCE STICKINESS, AND POSITION THEIR BRANDS TO MULTIPLY GOOD.OUR CORPORATE PARTNERS ACTIVATE THEIR WORKFORCES AND SUPPORT VITAL YOUTH SERVICE, LEADERSHIP TRAINING AND RECOGNITION. WE DELIVER AN EMPLOYEE RECOGNITION PLATFORM THAT CELEBRATES THOSE ALREADY GIVING BACK AND INSPIRES THEM TO DO MORE. OPPORTUNITIES ARE ALSO AVAILABLE FOR ORGANIZATIONS TO ENGAGE WITH YOUNG PEOPLE TO GROW THEIR LEADERSHIP SKILLS AND BRING ABOUT POSITIVE CHANGE IN THEIR COMMUNITIES. THESE CORPORATE PARTNERSHIPS REPRESENT MORE THAN EIGHT MILLION EMPLOYEES.MULTIPLYING GOOD ELEVATES PUBLIC SERVICE AS THE MEANS TO EMPOWER INDIVIDUALS AND THEIR RESPECTIVE COMMUNITIES, AND WE ENVISION A WORLD WHERE SERVICE TO OTHERS MOTIVATES EVERYONE TO DO SOMETHING THAT HAS A POSITIVE IMPACT ON THOSE AROUND THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Russi Chairman | OfficerTrustee | 6 | $0 |
Hillary Schafer CEO (during 2022) | OfficerTrustee | 40 | $0 |
Sam Beard Founder | OfficerTrustee | 20 | $99,174 |
Vance Kershner Governor | Trustee | 1 | $0 |
James Meeks Governor | Trustee | 1 | $0 |
Michael O'mary Governor | Trustee | 1 | $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 | $3,892,898 |
| Noncash contributions included in lines 1a–1f | $377,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,892,898 |
| Total Program Service Revenue | $1,145,618 |
| Investment income | $39,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,293 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,108,902 |
| 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. | $99,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,806,118 |
| Pension plan accruals and contributions | $20,187 |
| Other employee benefits | $222,645 |
| Payroll taxes | $247,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,080 |
| Fees for services: Other | $81,010 |
| Advertising and promotion | $117,803 |
| Office expenses | $35,514 |
| Information technology | $102,156 |
| Royalties | $0 |
| Occupancy | $15,187 |
| Travel | $40,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,033,689 |
| Interest | $6,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,153 |
| Insurance | $20,606 |
| All other expenses | $0 |
| Total functional expenses | $5,049,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,872 |
| Savings and temporary cash investments | $189,648 |
| Pledges and grants receivable | $2,286,525 |
| Accounts receivable, net | $146,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,635 |
| Prepaid expenses and deferred charges | $6,016 |
| Net Land, buildings, and equipment | $58,585 |
| Investments—publicly traded securities | $1,279,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,185,240 |
| Accounts payable and accrued expenses | $221,755 |
| 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 | $419,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $641,655 |
| Net assets without donor restrictions | $1,257,060 |
| Net assets with donor restrictions | $2,286,525 |
| 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 | $4,185,240 |