Network For Good Inc
- Assets
- $155.5m
- Revenue
- $485.6m
- Investments
- $5.9m
- Employees
- 4
- Location
- Washington, DC
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 68-0480736
Organization Overview
Network For Good Inc is located in Washington, DC. The organization was established in 2001. According to its NTEE Classification (M19) the organization is classified as: Support N.E.C., under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Network For Good Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network For Good Inc 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, Network For Good Inc generated $485.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $442.3m during the year ending 12/2022. While expenses have increased by 7.2% 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 2014, Network For Good Inc has awarded 101,690 individual grants totaling $3,008,919,089. 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
TO UNLEASH GENEROSITY AND DRIVE INCREASED FINANCIAL RESOURCES TO CHARITABLE ORGANIZATIONS VIA DIGITAL PLATFORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHAT WE'VE ACCOMPLISHED:- EXCEEDED $4.8 BILLION IN CUMULATIVE DONATIONS RAISED FOR CLOSE TO 420,000 NONPROFITS SINCE INCEPTION.- RAISED $440 MILLION IN DONATIONS IN 2022 TO OVER 175,000 DIFFERENT NONPROFITS.- PROVIDED TENS OF MILLIONS IN CRITICAL FUNDING TO MEET THE NEEDS OF CHARITIES IN A YEAR OF CONTINUED UNPRECEDENTED NEED WHERE CLIMATE-DRIVEN DISASTERS IMPACT COMMUNITIES ACROSS THE COUNTRY. MONEY SUPPORTED COMMUNITY RELIEF INCLUDING FOOD BANKS, DISASTER RESPONSE ORGANIZATIONS, AND OTHER CRITICAL SOCIAL SERVICE ORGANIZATIONS THAT FRONTLINE COMMUNITIES DEPEND ON FOR SUPPORT.- FOR CORPORATIONS AND ORGANIZATIONS THAT WANT TO DO GOOD, WE INVESTED IN STREAMLINING OUR OPERATIONS TO IMPROVE HOW WE SUPPORT PARTNERS WHO HAVE CONSUMER GIVING PROGRAMS BY GIVING TO AND RECOMMENDING GRANTS FROM OUR DONOR ADVISED FUND OR USING OUR IFRAME, AND WEBLINKS PRODUCTS. THIS INCLUDES COMPLIANCE WITH AB488 AND OTHER BEST PRACTICES FOR SAFELY AND SECURELY HELPING DONORS SUPPORT THE CHARITIES THEY CARE ABOUT.- LAUNCHED A STRATEGIC DISCOVERY PROCESS TO EXPLORE WAYS WE CAN EXPAND ON OUR MISSION. THIS WORK INCLUDED OVER 200 LEARNING SESSIONS WITH EXECUTIVES ACROSS PHILANTHROPY, TECHNOLOGY, AND INNOVATION. WE ESTABLISHED A STRATEGIC ADVISORY BOARD OF SOME OF THE MOST HELPFUL ADVISORS TO PUSH OUR THINKING AS WE DREAM BIG FOR THE FUTURE OF UNLEASHING GENEROSITY.- WE AUTHORED AND SHARED AN EVOLVED STRATEGIC VISION THAT WILL BE THE FOUNDATION FOR A MULTI-YEAR STRATEGIC PLAN FOR HOW WE CAN PROVIDE DURABLE CAPITAL TO COMMUNITY-ALIGNED SUSTAINABLE OUTCOMES ACROSS THE SOCIAL SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Case Chairman, President | OfficerTrustee | 5 | $0 |
Brian Sasscer Treasurer | OfficerTrustee | 5 | $0 |
Danica Remy Vice Chair, Secretary | OfficerTrustee | 4.5 | $0 |
Maureen Sullivan Board Member | Trustee | 1 | $0 |
Alisa Gravitz Board Member | Trustee | 1 | $0 |
Tien Tzuo Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Network For Good (C Corp) Management And Prof. Fundraising | 12/30/22 | $4,770,560 |
Thinknimble Professional Fees - It | 12/30/22 | $348,177 |
Epiq Systems Check Printing And Mailing | 12/30/22 | $347,624 |
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 | $440,427,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $440,427,044 |
| Total Program Service Revenue | $0 |
| Investment income | $955,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,022,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,586,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $428,860,167 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $293,743 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $714,832 |
| Compensation of current officers, directors, key employees. | $714,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $515 |
| Payroll taxes | $50,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,654 |
| Fees for services: Accounting | $64,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,770,564 |
| Fees for services: Investment Management | $23,112 |
| Fees for services: Other | $757,948 |
| Advertising and promotion | $6,072 |
| Office expenses | $261 |
| Information technology | $50,934 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $229,961 |
| All other expenses | $6,376,233 |
| Total functional expenses | $442,291,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,041,010 |
| Savings and temporary cash investments | $2,326,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,484,010 |
| 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 | $68,780 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,694,273 |
| Investments—other securities | $5,868,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,482,852 |
| Accounts payable and accrued expenses | $1,717,749 |
| Grants payable | $106,406,990 |
| Deferred revenue | $120,654 |
| 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 | $864,962 |
| Total liabilities | $109,110,355 |
| Net assets without donor restrictions | $46,285,967 |
| Net assets with donor restrictions | $86,530 |
| 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 | $155,482,852 |
Grants Awarded
Over the last fiscal year, Network For Good Inc has awarded $392,292,598 in support to 12,527 organizations.
| Grant Recipient | Amount |
|---|---|
1 LIFE FULLY LIVED PURPOSE: UNRESTRICTED | $17,080 |
1 LOVE DOG RESCUE PURPOSE: UNRESTRICTED | $5,433 |
10000 DEGREES PURPOSE: UNRESTRICTED | $7,333 |
100 FRIENDS PURPOSE: UNRESTRICTED | $68,372 |
100 MILE CLUB INC PURPOSE: UNRESTRICTED | $8,308 |
100 HUMANITARIANS INTERNATIONAL PURPOSE: UNRESTRICTED | $20,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Network For Good Inc Washington, DC | $155,482,852 | $485,586,276 |
Humanitarian Openstreetmap Team United States Inc Washington, DC | $20,135,758 | $4,255,353 |
Iaff Local 1605 Foundation Inc Funkstown, MD | $1,565,496 | $129,962 |
Independence Volunteer Fire Dept Independence, VA | $2,699,407 | $228,054 |
The Cyber Guild Foundation Mclean, VA | $0 | $0 |