Good Market Inc
- Assets
- $316.2k
- Revenue
- $567.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 81-1498211
Organization Overview
Good Market Inc is located in Phoenix, AZ. The organization was established in 2020. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Market 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, Good Market Inc generated $567.3k in total revenue. All expenses for the organization totaled $295.5k during the year ending 12/2022. While expenses have increased by 103.3% per year over the past 3 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
THE PURPOSE OF GOOD MARKET IS TO CATALYZE THE TRANSITION TO A 21ST CENTURY ECONOMY THAT IS GOOD FOR PEOPLE AND GOOD FOR THE PLANET. GOOD MARKET IS A CURATED PLATFORM FOR SOCIAL ENTERPRISES THAT MEET MINIMUM SECTOR STANDARDS, OPERATE IN A WAY THAT CONSIDERS HEALTH, SOCIAL IMPACT, AND ENVIRONMENTAL RESPONSIBILITY AND PRIORITIZE PEOPLE AND PLANET OVER SHORT-TERM PROFIT MAXIMIZATION. THE ONLINE PLATFORM MAKES IT EASIER FOR PARTICIPANTS IN THE NEW ECONOMY TO FIND AND CONNECT WITH EACH OTHER ACROSS ECONOMIC SECTORS, INCOME LEVEL, LANGUAGE BARRIERS, AND REGIONAL DIVIDES. THE ONLINE PLATFORM SERVES AS AN ENABLING INFRASTRUCTURE TO SUPPORT THIS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CURATION: IN 2022, 586 SOCIAL ENTERPRISES, RESPONSIBLE BUSINESSES, COOPERATIVES, NONPROFITS, AND VOLUNTARY INITIATIVES BECAME GOOD MARKET APPROVED. AS OF DECEMBER 31, 2022, THERE WERE 2,603 ENTERPRISES ACROSS 91 COUNTRIES ON THE GOOD MARKET PLATFORM, THE ONLINE FORM WAS AVAILABLE IN 7 LANGUAGES, AND THOUSANDS OF LISTINGS WERE ADDED TO THE COMMUNITY MARKETPLACE. THE PLATFORM INCLUDED ENTERPRISES ACROSS ALL SECTORS, BUT THE MOST POPULAR WERE REGENERATIVE AGRICULTURE, NATURAL FOOD AND BODY CARE, FAIR TRADE CLOTHING AND HOUSEWARES, AND RESPONSIBLE TRAVEL. EACH ENTERPRISE HAS A DIFFERENT SOCIAL OR ENVIRONMENTAL PURPOSE.
ENABLING INFRASTRUCTURE: DURING 2022, THE SOFTWARE TEAM LAUNCHED THE MARKETPLACE COMMONS, NETWORK MANAGEMENT AND CURATION AS A SERVICE. THE TEAM ALSO COMPLETED THE REBUILD TO GIVE PLATFORMS PROGRESSIVE WEB APP (PWA) FUNCTIONALITY. THE FOCUS OF THESE DEVELOPMENTS IS TO STRENGTHEN NETWORKS IN VARIOUS LOCATIONS BY PROVIDING TOOLS TO ENHANCE THE VISIBILITY OF THE MEMBERS WITHIN THE NETWORKS AND TO MAKE IT EASIER TO EXCHANGE AND COLLABORATE BETWEEN NETWORKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Brent Francone Finance Dire | OfficerTrustee | 50 | $0 |
Dr Amanda Kiessel Executive Di | OfficerTrustee | 50 | $0 |
Kurt Maes Secretary | OfficerTrustee | 1 | $0 |
Bergen Jeremy Moore Director | Trustee | 2 | $0 |
Suzanne La Pierre Director | Trustee | 1 | $0 |
Achala Samaradivakara Director | Trustee | 5 | $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 | $560,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,190 |
| Total Program Service Revenue | $4,764 |
| Investment income | $2,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $567,330 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,962 |
| Advertising and promotion | $0 |
| Office expenses | $647 |
| Information technology | $21,374 |
| Royalties | $0 |
| Occupancy | $699 |
| Travel | $3,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $295,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,792 |
| Savings and temporary cash investments | $302,376 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,168 |
| Accounts payable and accrued expenses | $11,995 |
| 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 | $264,583 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,695 |
| Total liabilities | $282,273 |
| Net assets without donor restrictions | $33,895 |
| 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 | $316,168 |