Building Goodness Foundation
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Charlottesville, VA
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 54-1956136
Organization Overview
Building Goodness Foundation is located in Charlottesville, VA. The organization was established in 1999. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Building Goodness Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Goodness 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 12/2023, Building Goodness Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING GOODNESS FOUNDATION DESIGNS, BUILDS AND RENOVATES BUILDINGS ON BEHALF OF NONPROFIT ORGANIZATIONS LOCALLY IN VIRGINIA, AND INTERNATIONALLY IN CENTRAL AMERICA AND THE CARIBBEAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING GOODNESS FOUNDATION IS A U.S. BASED CONSTRUCTION NONPROFIT OFFERING CONSTRUCTION SERVICES TO INTERNATIONAL NGOS IN UNDERDEVELOPED COMMUNITIES IN CENTRAL AMERICA AND THE CARIBBEAN. WE BELIEVE THAT WELL DESIGNED, WELL-BUILT, BEAUTIFUL BUILDINGS CREATE OPPORTUNITIES FOR CHILDREN, FAMILIES AND COMMUNITIES. BGF CONSTRUCTS BUILDINGS THAT PROMOTE HEALTH AND LITERACY, STIMULATE ECONOMIC DEVELOPMENT, AND HELP END THE CYCLES OF POVERTY.SINCE 1999 BGF HAS BUILT 24 MEDICAL CLINICS, SCHOOLS, WATER/SANITATION SYSTEMS, AND COMMUNITY CENTERS, AS WELL AS OVER 1,100 HOMES IN HAITI, NICARAGUA, HONDURAS, GUATEMALA, EL SALVADOR, LIBERIA, AND COSTA RICA. AN ESTIMATED 150,000 PEOPLE USE BGF BUILDINGS INTERNATIONALLY EVERY YEAR. BGF WORKS WITH VOLUNTEERS AND COMPANIES FROM THE CONSTRUCTION INDUSTRY - ARCHITECTS, ENGINEERS, PROJECT MANAGERS AND TRADESPEOPLE - TO DELIVER BEAUTIFUL, HIGH-QUALITY STRUCTURES THAT BOTH INCREASE OUR PARTNER'S CAPACITY AND GENERATE OPPORTUNITIES FOR THOSE WHO USE THEM. THROUGH THIS MODEL OF PARTNERSHIP WITH GENEROUS COMPANIES AND VOLUNTEERS WHO DONATE THEIR TIME AND EXPERTISE, BGF PROJECTS ARE COMPLETED AT A FRACTION OF THE COST, AND VOLUNTEERS HAVE THE OPPORTUNITY TO USE THEIR SKILL TO GIVE BACK TO COMMUNITY.
BGF PROVIDES BUILDING REPAIRS AND RENOVATIONS IN OUR COMMUNITY, WITH A FOCUS ON SUPPORTING INCREASED ACCESS TO ESSENTIAL SERVICES, THE LOCAL ECONOMY, AND RACIAL EQUITY. THESE PROJECTS INCREASE ACCESS TO SERVICES SUCH AS HEALTH, EDUCATION AND RECREATION, AND SUPPORT LOCAL BUSINESSES. ADDITIONALLY, EVERY YEAR WE COMPLETE HOME REPAIR PROJECTS FOR UP TO 15 LOW INCOME HOMEOWNERS IN THE CHARLOTTESVILLE AREA, SUPPORTING SAFE AND AFFORDABLE HOUSING. WE HAVE COMPLETED REPAIR PROJECTS ON OVER 135 HOMES TO DATE. BGF REPAIRS HOMES OF THE SICK AND ELDERLY, UPGRADES FACILITIES FOR THE HOMELESS, AND RENOVATES SPACES FOR THOSE ORGANIZATIONS SERVING DISADVANTAGED COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Stoneking Vice President | OfficerTrustee | 2 | $0 |
Aleen Carey President | OfficerTrustee | 8 | $0 |
Suzanne Hess Director | Trustee | 1 | $0 |
Kristin Sorotki Director | Trustee | 1 | $0 |
Sandra Thomas Treasurer | OfficerTrustee | 2 | $0 |
Joey Pierce Director | 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 | $1,699,256 |
| Noncash contributions included in lines 1a–1f | $48,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,699,256 |
| Total Program Service Revenue | $7,200 |
| Investment income | $11,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,050 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,731,198 |
| 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. | $110,500 |
| Compensation of current officers, directors, key employees. | $20,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,448 |
| Payroll taxes | $27,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,296 |
| Advertising and promotion | $10,200 |
| Office expenses | $16,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,347 |
| Travel | $20,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,301 |
| Interest | $7,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,290 |
| Insurance | $31,905 |
| All other expenses | $0 |
| Total functional expenses | $1,611,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,576,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $71,580 |
| 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 | $17,291 |
| Net Land, buildings, and equipment | $1,073,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,664 |
| Total assets | $2,783,426 |
| Accounts payable and accrued expenses | $36,637 |
| 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 | $173,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,756 |
| Total liabilities | $303,448 |
| Net assets without donor restrictions | $1,361,789 |
| Net assets with donor restrictions | $1,118,189 |
| 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 | $2,783,426 |