Celebrate Women’s History Month: Donate to a Top-Rated Cha...
Celebrate Women’s History Month: Donate to a Top-Rated Cha...
Mar 01, 2024
March is Women’s History Month. ...
March is Women’s History Month. ...
Name | Title | Compensation | |
---|---|---|---|
1 | Matt Connelly | CEO | $276,000 |
2 | Michael Avis | CFO | $240,883 |
3 | Richard Barney | COO | $240,811 |
1 Name: Matt Connelly Title: CEO Compensation: $276,000 |
2 Name: Michael Avis Title: CFO Compensation: $240,883 |
3 Name: Richard Barney Title: COO Compensation: $240,811 |
According to the Good360 2021 audit and tax filing, Good360 received in-kind donated product contributions in 2021 on which it placed a total value of $1,663,992,329. Over 98% of the total reported value of in-kind product contributions consisted of donated clothing and household goods (Audited Statement of Activities & IRS Form 990, Schedule M). In addition, according to the Good360 audit of December 31, 2021 (Note 11, Donated Services), Good360 received in-kind donated services in 2021 "related primarily to marketing, legal and shipping activities" on which it placed a total value of $334,571. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Good360 audit of December 31, 2021 (Note 6, Notes Payable): "On April 27, 2020, Good360 entered into a Small Business Administration (SBA) loan with its financial institution under the Paycheck Protection Program (PPP) in the amount of $789,337. On April 27, 2021, SBA approved Good360's application for forgiveness of the PPP loan. As a result, Good360 recognized the forgiveness of the loan principal in the amount of $789,337 and interest of $7,981 in the accompanying [audited] statement of activities for the year ended December 31, 2021. "On June 29, 2020, Good360 entered into a SBA loan under the Economic [Injury] Disaster Loan program for the amount of $150,000. The loan is set to mature on June 29, 2050. Monthly payments of principal and interest of $641 commenced on June 29, 2021 with an interest rate of 2.75% per annum." |
According to the Good360 2021 tax filing, Good360 reports for Business Transactions Involving Interested Persons a transaction in the amount of $68,924 involving Alex Avis, "Family member of current CFO." The transaction is described as: "Compensated as an employee" (IRS Form 990, Schedule L, Parts IV & V). |
According to the Good360 audit of December 31, 2021 (Note 8, Concentrations and Risks, Risks and Uncertainties): "The COVID-19 outbreak in the United States caused business disruption through mandated and voluntary closings of businesses across the country for non-essential services. Good360 continued most of its administrative operations in a remote environment and operated its warehouse to provide donated goods for COVID-19 relief... The extent to which COVID-19 may impact Good360's financial condition or results of operations remains uncertain." |
According to the Good360 2021 tax filing, Good360 reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7): "During the year ended December 31, 2021, employees listed on Part VII [Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors] received bonuses which were based on appraisal of their performances and meeting organization goals in key operating functions." Good360 reports "Bonus & incentive compensation" payments to seven individuals in 2021, including $141,250 and $91,250 paid to Erin Dillenbeck, Director, Corporate Development, and James Halling, Director, Corporate Development, respectively. Their reported total compensation in 2021 is $224,353 and $169,585, respectively. The remaining five individuals received "Bonus & incentive compensation" that ranged from $36,750 to $6,479, with associated reported total compensation ranging from $276,000 to $155,625 (IRS Form 990, Schedule J, Part II). |