Overview
What is Social Good Labs Incorporated?
Social Good Labs Incorporated is a nonprofit organization situated in Princeville, Hawaii, with the address 4134 Liholiho Road, HI 96722. Their primary mission is to assist new nonprofits and charitable projects in their launch and growth phase. They achieve this by providing free consulting services and acting as a fiscal sponsor, offering financial and administrative support. The organization's project, TheKurdishProject.org, focuses on Kurdish culture education.
Official website here: www.socialgoodlabs.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 2 Stars (69%)
Social Good Labs Incorporated has received a Two-Star out of Four Star rating from Charity Navigator, primarily reflecting its Accountability & Finance score of 69%. The overall score is influenced solely by this beacon, indicating that financial management and transparency are critical areas of evaluation. While the charity demonstrates a solid performance in board independence and asset management, certain governance policies are notably lacking.
The organization boasts a fully independent board, scoring well in board size and material asset diversion, which suggests a strong commitment to governance. It also shows an impressive program expense ratio of 94.29%, indicating that a significant portion of its funds is directed towards its mission-driven programs. However, the absence of key policies such as conflict of interest and whistleblower protections raises concerns about overall governance practices.
While Social Good Labs has strengths in financial management and independence, the missing policies indicate room for improvement in accountability practices. Strengthening these areas could enhance its transparency and trustworthiness in the eyes of donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Social Good Labs Incorporated legitimate?
Social Good Labs Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Good Labs Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.socialgoodlabs.com
What is the mission statement of Social Good Labs Incorporated?
Social Good Labs Incorporated is committed to assisting the launch and growth of new nonprofit organizations and charitable projects. They accomplish this objective by providing free consulting services and fiscal sponsorship. By offering these resources, Social Good Labs Incorporated aims to contribute to the development and success of various charitable initiatives, thereby making a positive impact in various communities. One example of a project benefiting from their fiscal sponsorship is TheKurdishProject.org, a Kurdish culture education project.
Official website here: www.socialgoodlabs.com
Who is the CEO of Social Good Labs Incorporated?
Eric Facas is the President & Ceo of Social Good Labs Incorporated. The CEO's salary of Social Good Labs Incorporated is $0 and their total compensation is $0.
Official website here: www.socialgoodlabs.com
What is the revenue of Social Good Labs Incorporated?
Social Good Labs Incorporated's revenue in 2022 was $1,442,541.
Official website here: www.socialgoodlabs.com
Who are the executives of Social Good Labs Incorporated and what are their salaries?
Here are 3 key members and their salaries (Social Good Labs Incorporated's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.socialgoodlabs.com
Where can I find the form 990 for Social Good Labs Incorporated?
Social Good Labs Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.socialgoodlabs.com
Learn more at the official website: www.socialgoodlabs.com
Mission Statement of Social Good Labs Incorporated
Social Good Labs Incorporated is dedicated to aiding new nonprofits and charitable projects in their launch and growth. The organization achieves this mission by providing free consulting services and fiscal sponsorship. By offering these resources, Social Good Labs Incorporated empowers fledgling nonprofits to navigate the complexities of establishing and expanding their operations, ultimately allowing them to make a significant impact in their respective communities. One example of a project benefiting from this support is TheKurdishProject.org, which focuses on Kurdish culture education. Social Good Labs Incorporated's mission is critical in fostering the growth and success of a diverse range of nonprofit organizations and charitable initiatives.
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Impact
October, 2024
Social Good Labs Incorporated plays a significant role in supporting the development and growth of new social good initiatives and charitable projects. By providing free consulting services and fiscal sponsorship, it empowers various organizations to successfully launch their missions. One notable project under its guidance is The Kurdish Project, which focuses on educating about Kurdish culture. Located in Princeville, HI, Social Good Labs Incorporated fosters a collaborative environment for emerging projects, helping them navigate the complexities of starting and sustaining their efforts in philanthropy. Through its dedicated support, it amplifies the impact of diverse charitable endeavors and strengthens communities.
This information is meant to be a general summary of Social Good Labs Incorporated. 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.
- Program Service Revenue: $25,500
- Gross Receipts: $1,442,541
Assets and Liabilities:
- Total Assets: $1,532,747
- Total Liabilities: $0
- Net Assets: $1,532,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PICO
Revenue
$25,500
Organization Details
Founding Year
2010
Phone
(415) 779-5446Principal Officer
Eric Facas
Main Address
4134 LIHOLIHO RD, PRINCEVILLE, HI, 96722
Website
www.socialgoodlabs.comNTEE Category
Code: T02 - Philanthropy
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