Overview
What is Social Good Fund Inc?
Social Good Fund Inc is a California-based nonprofit organization with a mission to cultivate and establish positive influences. With a team of 924 employees, the organization supports internal and external projects, acting as a fiscal sponsor and grant provider. Internal projects are managed by agents of the fund and can eventually be transferred to another public charity. External projects receive grants, are vetted beforehand, and report regularly to Social Good Fund Inc. The primary purpose of this nonprofit is to create a beneficial impact on various causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Social Good Fund Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has demonstrated strong financial management practices, including an impressive program expense ratio of 95.81%, indicating that the majority of its expenses go directly towards programs. Furthermore, it has a well-structured governance system with 66% independent board members and comprehensive policies on conflict of interest and document retention.
However, user reviews present a mixed picture. While some clients have praised the organization for its supportive fiscal sponsorship, others have raised serious concerns about its reliability, alleging issues related to credit for purchases made through certain platforms. This discrepancy highlights potential gaps in communication and service delivery that could affect user trust and satisfaction.
Overall, while Social Good Fund Inc shows strong financial indicators and governance practices, the contrasting user experiences suggest that it may benefit from addressing client concerns more effectively to enhance its reputation and service quality.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Social Good Fund Inc legitimate?
Social Good Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Good Fund Inc 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: $191,678
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,645,795
For more financial information, click here
What is the mission statement of Social Good Fund Inc?
Social Good Fund Inc is a philanthropic organization dedicated to fostering positive influences. Its primary mission is to cultivate and establish beneficial impacts, both internally and externally. The organization achieves this goal by supporting projects, some of which are managed by individuals who may also be affiliated with other public charities. These internal projects, with SGF's approval, can eventually be spun off to other charities. Externally, SGF grants funds to vetted organizations, requiring regular reporting for the duration of the grant.
Who is the CEO of Social Good Fund Inc?
Jennie Rosenn is the CEO of Social Good Fund Inc The CEO's salary of Social Good Fund Inc is $221,673 and their total compensation is $222,182.
What is the revenue of Social Good Fund Inc?
Social Good Fund Inc's revenue in 2023 was $79,491,343.
Who are the executives of Social Good Fund Inc and what are their salaries?
The average compensation at Social Good Fund Inc during 2023 was $38,951. There are 689 employees and 5000 volunteers at Social Good Fund Inc.
Here are 8 key members and their salaries (Social Good Fund Inc's CEO's salary is $221,673 and their total compensation is $222,182):
- Compensation: $260,975
- Related: $0
- Other: $8,598
- Compensation: $221,673
- Related: $0
- Other: $509
- Compensation: $203,879
- Related: $0
- Other: $5,084
- Compensation: $180,071
- Related: $0
- Other: $11,607
- Compensation: $180,000
- Related: $0
- Other: $8,354
- Compensation: $185,165
- Related: $0
- Other: $509
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Social Good Fund Inc?
Social Good Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Social Good Fund Inc
Social Good Fund Inc, a nonprofit organization, is dedicated to fostering and establishing positive influences in various communities. In pursuing its primary purpose, the organization assumes the role of a catalyst for change, utilizing internal and external projects to advance its noble cause.
Internally, Social Good Fund Inc provides a platform for fiscally sponsoring projects. These projects, managed by agents of the organization, have the potential to spin off and become part of another public charity, subject to the approval of Social Good Fund Inc. The internal projects are an integral part of the organization's mission, allowing it to invest in innovative ideas and initiatives.
Externally, Social Good Fund Inc grants funds to vetted organizations, forming partnerships based on a written grant agreement. These grantees report regularly to Social Good Fund Inc, ensuring transparency and accountability in the application of funds. By providing grants and resources, Social Good Fund Inc empowers other organizations to make a difference in their respective communities, amplifying its impact beyond its own reach.
In summary, Social Good Fund Inc acts as a connector and enabler, supporting initiatives that cultivate and establish positive influences. Through both internal and external projects, the organization serves as a vital catalyst for change, fostering growth and development in various communities.
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Impact
October, 2024
Social Good Fund Inc has a significant impact through its commitment to cultivating and establishing positive influences in various communities. By supporting both internal and external projects, it effectively fosters initiatives that contribute to education and other vital areas.
Through its internal projects, Social Good Fund provides fiscal sponsorship, allowing innovative ideas to flourish. These projects are managed by dedicated individuals who have the potential to later transition them into independent public charities, ensuring their longevity and sustainability.
For external projects, Social Good Fund conducts thorough vetting processes before providing grants, which ensures that funded initiatives align with its mission. Grantees are held accountable through regular reporting, which not only tracks the success of these projects but also promotes transparency and trust within the communities being served.
Overall, Social Good Fund Inc amplifies the efforts of various organizations and projects that seek to create a positive impact, particularly in the field of education, thereby enriching community life and supporting social betterment efforts in Richmond, CA, and beyond.
This information is meant to be a general summary of Social Good Fund Inc. 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 2023.
- Investment Income: $2,133,542
- Program Service Revenue: $7,335,741
- Gross Receipts: $79,861,902
Assets and Liabilities:
- Total Assets: $75,649,539
- Total Liabilities: $1,332,806
- Net Assets: $74,316,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEES
Revenue
$3,983,749
EARNED INCOME
PROGRAM SERVICES
Revenue
$3,351,992
Organization Details
Founding Year
2012
Principal Officer
Michael Pace
NTEE Category
Code: B99 - Education
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