Overview
What is Seattle Good Business Network?
Seattle Good Business Network is a nonprofit organization situated in Seattle, Washington, with a mission to foster a local economy where everyone has a significant impact. They accomplish this by encouraging community members to procure, produce, and invest locally. The organization's initiatives, such as the Good Food Economy, focus on strengthening the local food pipeline. This includes the Good Food Forum, an online platform for regional food businesses and organizations, the Good Food Kitchens program that provides financial assistance to local restaurants and caterers, and Seattle Restaurant Week, a biannual event connecting residents with local eateries. These activities not only raise awareness about local farms and producers but also contribute significantly to the local economy, reaching around 1,300 individuals in 2022 and providing over 47,000 meals through the Good Food Kitchens program.
Official website here: www.seattlegood.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Seattle Good Business Network has received an 81% rating, indicating a solid level of accountability and financial health. The organization demonstrates transparency with 100% of its board members being independent, which is a strong point in governance. Their financial oversight is commendable, with a perfect score in areas such as audit and oversight committee diligence and no reported material diversion of assets.
Moreover, the charity effectively allocates a significant portion of its budget towards programs, with a program expense ratio of approximately 79.87%. This suggests that the majority of funds are directed towards fulfilling its mission rather than administrative costs. However, while the financial practices are strong, details regarding the overall impact of their programs and community reach were not highlighted, which could provide a more comprehensive understanding of their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Seattle Good Business Network legitimate?
Seattle Good Business Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Good Business Network submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $138,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,054
For more financial information, click here
Official website here: www.seattlegood.org
What is the mission statement of Seattle Good Business Network?
The Seattle Good Business Network's mission is to foster connections and inspire individuals to support local businesses in production, consumption, and investment. This aim is to ensure everyone has a significant impact on their local economy. The organization's activities include initiatives to strengthen the local food supply chain, such as Good Food Forum, Good Food Kitchens, and Seattle Restaurant Week. These programs aim to create resilient, sustainable, and just local food economies, educate residents about local producers, and contribute positively to the community by connecting residents with local businesses. In 2022, the Good Food Kitchens program served 47,314 meals, reaching 1,300 people and supporting local farms and producers.
Official website here: www.seattlegood.org
Who is the CEO of Seattle Good Business Network?
Erin Adams is the Executive Director of Seattle Good Business Network.
Official website here: www.seattlegood.org
What is the revenue of Seattle Good Business Network?
Seattle Good Business Network's revenue in 2022 was $1,867,849.
Official website here: www.seattlegood.org
Who are the executives of Seattle Good Business Network and what are their salaries?
The average compensation at Seattle Good Business Network during 2022 was $39,636. There are 10 employees and 9 volunteers at Seattle Good Business Network.
Here are 6 key members and their salaries:
- Compensation: $120,000
- Related: $0
- Other: $18,302
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.seattlegood.org
Where can I find the form 990 for Seattle Good Business Network?
Seattle Good Business Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seattlegood.org
Learn more at the official website: www.seattlegood.org
Mission Statement of Seattle Good Business Network
Seattle Good Business Network, in essence, serves to bring together and motivate individuals to engage in local purchasing, production, and investment activities. The ultimate goal is to establish a sense of ownership and significance for everyone in the local economy. By doing so, the network fosters connections and encouragement, enabling a thriving and sustainable local community.
To achieve this, Seattle Good Business Network implements various initiatives. One such initiative is the Good Food Economy program. This program aims to strengthen and fortify the local food pipeline, ultimately creating a robust, resilient, and equitable food economy. Key components of this program include the Good Food Forum, an online platform connecting regional food businesses and organizations; Good Food Kitchens, a program that offers food assistance, economic development, and local food resilience services, directly funding local restaurants and producers to prepare meals for the food insecure, thereby keeping businesses operational and contributing to long-term local supply chain relationships; and Seattle Restaurant Week, a biannual event linking residents with hundreds of locally owned restaurants, showcasing seasonal, locally sourced menus. This event not only connects residents with local businesses but also educates them about the importance of supporting a strong local food economy and contributes significantly to the local economy.
In summary, Seattle Good Business Network serves as a catalyst for fostering a sense of local ownership and significance. Through their initiatives, they work towards building a resilient, sustainable, and just local food economy, ultimately strengthening the community by forging connections between residents, local businesses, and local farmers.
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Impact
October, 2024
Seattle Good Business Network significantly impacts the local economy by fostering engagement in local buying, production, and investment. Through its initiatives within the Good Food Economy, the organization connects and strengthens the local food pipeline, contributing to a resilient and sustainable food ecosystem.
Programs like the Good Food Forum create an online community for regional food businesses and organizations, enhancing collaboration and innovation in the sector. The Good Food Kitchens initiative not only addresses food insecurity in King County but also supports local restaurants and caterers by providing them with funding to prepare meals for those in need. This helps maintain employment in these establishments and cultivates enduring relationships with local farms and producers, reinforcing the local supply chain.
Events like Seattle Restaurant Week serve to educate residents about the benefits of a strong local food economy, attracting thousands and connecting them with hundreds of locally-owned restaurants. This initiative not only showcases seasonal, locally sourced menus but also contributes millions of dollars directly to Seattle's local economy.
In 2022 alone, the program reached 1,300 individuals and served over 47,000 meals through Good Food Kitchens. By forming connections among residents, small businesses, and local farms, Seattle Good Business Network strengthens community ties and fosters a sense of shared responsibility in building a vibrant local economy.
This information is meant to be a general summary of Seattle Good Business Network. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21
- Program Service Revenue: $136,048
- Gross Receipts: $1,867,849
Assets and Liabilities:
- Total Assets: $388,498
- Total Liabilities: $378,303
- Net Assets: $10,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Youth Program
Revenue
$73,803
Seattle Made
Revenue
$23,839
Sustainability
Revenue
$15,886
Good Food Economy
Revenue
$14,763
Community Engagement
Revenue
$7,757
Organization Details
Founding Year
2010
Phone
(206) 629-2346Principal Officer
Erin Adams
Main Address
1143 Martin Luther King Jr Wy STE77, Seattle, WA, 98122
Website
www.seattlegood.orgNTEE Category
Code: S30 - Community improvement
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