Goodwillfinds Ecommerce Inc
- Assets
- $9.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 87-1302020
Organization Overview
Goodwillfinds Ecommerce Inc is located in Wilmington, DE. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. As of 12/2022, Goodwillfinds Ecommerce Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwillfinds Ecommerce Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATING ONLINE RESALE WITH A PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILLFINDS TRANSFORMS GOODWILL'S ECOMMERCE BUSINESS VIA A MODERN ONLINE PLATFORM GENERATING ADDITIONAL FINANCIAL RESOURCES FOR MEMBER GOODWILLS SO THEY CAN INVEST IN NUMEROUS MISSION SERVICES AND PROGRAMS IN LOCAL COMMUNITIES FOR PEOPLE IN NEED. GOODWILLFINDS ENABLES GOODWILL MEMBER ORGANIZATIONS THROUGHOUT THE UNITED STATES TO MARKET THEIR GOODS BEYOND THEIR LOCAL COMMUNITIES, INCREASING EXPOSURE, SELLING MORE ITEMS, GENERATING ADDITIONAL REVENUE, AND DIVERTING MORE WASTE FROM LANDFILLS. AS A SUPPORTING ORGANIZATION, GOODWILLFINDS PROVIDES A SPECIFIC SERVICE EACH MEMBER WOULD OTHERWISE ITSELF BE PERFORMING TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Hallberg Co-Board Chair/director | OfficerTrustee | 1 | $0 |
Daryl Campbell Co-Board Chair/director | OfficerTrustee | 1 | $0 |
Karla Grazier Director | Trustee | 1 | $0 |
Kent Kramer Director | Trustee | 1 | $0 |
Patrick Mcclenahan Director | Trustee | 1 | $0 |
Michael E Wirth-Davis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ballard Spahr Llp Legal Services | 12/30/22 | $146,102 |
Outsource Recruiters Llc Placement Services | 12/30/22 | $110,800 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,768,283 |
| Investment income | $0 |
| 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 | $1,773,283 |
| 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. | $715,650 |
| Compensation of current officers, directors, key employees. | $212,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $968,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,671 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,242 |
| Advertising and promotion | $1,192,224 |
| Office expenses | $160,393 |
| Information technology | $128,913 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $291,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,146 |
| Insurance | $9,426 |
| All other expenses | $28,863 |
| Total functional expenses | $4,243,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,848,919 |
| Savings and temporary cash investments | $0 |
| 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 | $28,600 |
| Net Land, buildings, and equipment | $32,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,438,902 |
| Other assets | $0 |
| Total assets | $9,348,579 |
| Accounts payable and accrued expenses | $1,420,099 |
| 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 | $8,630,986 |
| Other liabilities | $2,137,307 |
| Total liabilities | $12,188,392 |
| Net assets without donor restrictions | -$2,839,813 |
| 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 | $9,348,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwillfinds Ecommerce Inc Wilmington, DE | $9,348,579 | $1,773,283 |
Chesapeake Business Finance Corp Bethesda, MD | $706,265 | $733,589 |
Elevate To Even Plus Incorporated Summit, NJ | $19,553 | $0 |
Troop C Health & Welfare Fund Hamilton Township, NJ | $71,382 | $0 |
Our Daily Bread Employment Centerfund Inc Timonium, MD | $0 | $278 |