Good Work Network
- Assets
- $1.5m
- Revenue
- $571.7k
- Investments
- $0.0
- Employees
- 5
- Location
- New Orleans, LA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 72-1499442
Organization Overview
Good Work Network, operating under the name Gobe, is located in New Orleans, LA. The organization was established in 2001. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Gobe employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gobe 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, Gobe generated $571.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $817.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SMALL BUSINESS DEVELOPMENT
Describe the Organization's Program Activity:
EDUCATION AND ENTREPRENEURSHIP SUPPORT SERVICES: GOOD WORK NETWORK IS A PROVIDER OF BUSINESS DEVELOPMENT SERVICES FOR SMALL COMMUNITY-BASED BUSINESSES THAT SUPPORT FAMILIES AND SUSTAIN COMMUNITIES. THE NETWORK WORKS TO EXPAND THE LOCAL ECONOMY BY BUILDING MINORITY AND WOMEN OWNED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hermione Malone Executive Director | Officer | 40 | $147,012 |
Yolanda Brumfield Treasurer | OfficerTrustee | 2 | $0 |
Daphne Mcbeth Chair | OfficerTrustee | 2 | $0 |
Lydia Cutrer Secretary | OfficerTrustee | 2 | $0 |
Jim Schoen Member | Trustee | 2 | $0 |
Eric Morgan Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,455 |
| Total Program Service Revenue | $2,684 |
| Investment income | $426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,148 |
| 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 | $571,713 |
| 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. | $147,012 |
| Compensation of current officers, directors, key employees. | $91,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,650 |
| Pension plan accruals and contributions | $6,000 |
| Other employee benefits | $43,092 |
| Payroll taxes | -$25 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,543 |
| Fees for services: Accounting | $59,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,033 |
| Advertising and promotion | $57,881 |
| Office expenses | $7,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,070 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105 |
| Interest | $4,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,565 |
| Insurance | $20,551 |
| All other expenses | $9,613 |
| Total functional expenses | $817,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,568 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,796 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,719 |
| Net Land, buildings, and equipment | $1,257,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,711 |
| Total assets | $1,470,555 |
| Accounts payable and accrued expenses | $69,623 |
| 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 | $179,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $249,135 |
| Net assets without donor restrictions | $1,221,420 |
| Net assets with donor restrictions | $0 |
| 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 | $1,470,555 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Good Work Network has recieved totaling $256,267.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO GOOD WORK NETWORK FOR THE PROVISION OF ENTREPRENEURSHIP EDUCATION, TECHNICAL ASSISTANCE, AND MENTORSHIP TO MINORITY BUSINESS OWNERS AS PART OF THE FOUNDATIONS RACIAL JUSTICE RESPONSE PLAN. THIS GRANT FALLS UNDER THE COMMUNITY ECONOMICS STRATEGY WHICH AIMS TO BUILD AN ECOLOGY THAT SUPPORTS SMALL BUSINESSES OWNED BY PEOPLE OF COLOR IN KRESGES FOCUS CITIES. | $175,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $50,000 |
Vilcap Inc Houston, TX PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING. | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,200 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: ECONOMIC DEVELOPMENT | $5,041 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pearl River Valley Opportunity Inc Columbia, MS | $20,914,937 | $25,197,406 |
Southern States Millwright Regional Council-Ubcja Russellville, AR | $38,325,316 | $11,623,005 |
Communities In Schools Of Brazoria County Inc Alvin, TX | $741,807 | $4,918,013 |
Gleannloch Farms Community Association Inc Houston, TX | $4,874,124 | $3,880,378 |
Rice-Land Lumber Company Houston, TX | $95,161,715 | $3,705,155 |
Wholesale Beer Distributors Of Texas Inc Austin, TX | $8,362,490 | $3,890,764 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Lubbock, TX | $3,575,076 | $4,109,109 |
Homeless Network Of Texas Austin, TX | $911,580 | $2,708,161 |
Psychotherapeutic Services Of America Dallas, TX | $64,561 | $2,258,175 |
Mississippi Municipal Association Jackson, MS | $3,393,555 | $2,072,518 |
South Central Houston Action Council Inc Houston, TX | $1,936,095 | $988,810 |
Upper Kirby District Foundation Houston, TX | $3,113,175 | $1,280,635 |