Maximumgood Inc
- Assets
- $2.5m
- Revenue
- -$847.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 06/2004
- Data as of
- 05/2023
- EIN
- 83-0374559
Organization Overview
Maximumgood Inc, operating under the name MaximumGood & The Daily Source, is located in Watertown, MA. The organization was established in 2004. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MaximumGood & The Daily Source is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE DO THE FOLLOWING: 1) PUBLISH WEBSITES PROVIDING INFORMATION TO THE PUBLIC ON VARIOUS TOPICS INCLUDING, BUT NOT LIMITED TO, EDUCATION, THE ENVIRONMENT, HUMAN RIGHTS, MODERN-DAY SLAVERY, POVERTY, INTERNATIONAL DEVELOPMENT, HEALTH, PSYCHOLOGY AND SCIENCE. 2) ENCOURAGE INCREASED PHILANTHROPY AND VOLUNTARISM, RAISE AWARENESS ABOUT NON-PROFIT ORGANIZATIONS AND RECEIVE DONATIONS TO SUPPORT THEM. 3) GIVE INDIVIDUALS IDEAS AND TOOLS TO SUPPORT NONPROFITS THAT THEY WANT TO HELP; AND GIVE NONPROFITS IDEAS AND TOOLS TO ENGAGE WITH THEIR SUPPORTERS AND DEVELOP NEW SUPPORTERS. 4) HOST ONLINE DISCUSSIONS FOR THE PUBLIC AND PUBLISH EMAIL NEWSLETTERS WITH INFORMATION RELATED TO VARIOUS TOPICS INCLUDING THE ONES MENTIONED ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED OVER 850 EDITIONS OF INFORMATION ON SUBJECTS OF INTEREST AND USE TO INDIVIDUALS AND TO THE PUBLIC, INCLUDING PHILANTHROPY, NONPROFITS, HUMAN RIGHTS, WORLD AFFAIRS, THE ENVIRONMENT, GLOBAL POVERTY, SCIENCE, HEALTH, TECHNOLOGY AND EDUCATION. MOST EDITIONS INCLUDED TEXT, AUDIO CLIPS, PHOTOS AND VIDEOS. WE ENDED THE YEAR WITH OVER 8,700 REGISTERED USERS, WHICH REPRESENTS ONLY A FRACTION OF THE TOTAL USERS, AS MOST USERS DO NOT REGISTER. REGISTRATION AND USE OF OUR SITES IS FREE. WE ALSO PUBLISHED MOST OF OUR DAILY POSTS TO FOUR DIFFERENT FEEDS ON TWITTER, AND HAD OVER 90,000 ONGOING USERS SIGNED UP TO FOLLOW OUR POSTS AT TWITTER. WE ALSO PUBLISHED OTHER WEBSITES AND WORKED ON CREATING NEW WEBSITES TO FURTHER ACCOMPLISH OUR PURPOSES OF PROVIDING INFORMATION TO THE PUBLIC AND PROMOTING MORE VOLUNTEERING AND DONATING TO NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthann Smith Board Member | Trustee | 0 | $0 |
Amy Luchans Board Member | Trustee | 0 | $0 |
Susan Barron Board Member | Trustee | 0 | $0 |
Peter H Dunn Board Member And Executive Director (any Pay Is Related To Work As Executive Director) | Trustee | 55 | $0 |
Michael Kolar Board Member | Trustee | 0 | $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 | $124,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,700 |
| Total Program Service Revenue | $0 |
| Investment income | $21,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$993,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$847,634 |
| 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 | $15,930 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $409 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $438 |
| Information technology | $7,345 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,000 |
| 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 | $55,456 |
| Investments—publicly traded securities | $2,335,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,147 |
| Total assets | $2,457,704 |
| Accounts payable and accrued expenses | $845 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $845 |
| Net assets without donor restrictions | $0 |
| 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 | $2,456,859 |
| Total liabilities and net assets/fund balances | $2,457,704 |