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The Goodly Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471371655 ✦ Benicia, CA ✦ Designated as a 501(c)(3)

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Overview

What is The Goodly Institute?

The Goodly Institute, situated in Benicia, California, is a small-scale nonprofit organization with a mission to empower individuals. Their primary goal is to provide collaborative tools that facilitate the construction of a more improved society. Though the information provided is limited, it's clear that their activities are centered around this mission, with a total of two dedicated employees. The Goodly Institute's impact may not be as globally extensive as some other nonprofits, but its commitment to fostering societal betterment through collaborative tools is commendable.


Official website here: www.goodlylabs.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79%, Three-Star out of Four Star rating.

The Goodly Institute has earned a solid Three-Star rating based on its Accountability & Finance score of 79%. This rating reflects the organization's commitment to transparency and responsible financial management, highlighted by its 100% independent board members and absence of material diversion of assets. The program expense ratio is also commendable at 79.55%, indicating that a significant portion of its funds is directed towards its programs and services.

Strengths of The Goodly Institute include its comprehensive policies, such as a conflict of interest policy and a whistleblower policy, both of which are in place and publicly listed. However, the organization did not post its board meeting minutes online, which slightly detracts from its overall score. Additionally, the tax form is not available on the nonprofit's website as required by its Form 990, which could be improved for better transparency.

Overall, the Goodly Institute demonstrates a strong foundation in governance and financial accountability, though there are areas for enhancement in terms of document accessibility. This balanced approach enables potential donors to make informed decisions regarding their support for the organization.


This AI summary has been generated from information found on Charity Navigator.

Is The Goodly Institute legitimate?

The Goodly Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Goodly Institute 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: $77,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,448

For more financial information, click here


Official website here: www.goodlylabs.org

What is the mission statement of The Goodly Institute?

The Goodly Institute's mission is centered around equipping individuals with collaborative tools to contribute to the betterment of society. By providing these resources, the institute aims to foster a collective effort towards societal improvement. The primary focus is on equipping individuals, rather than targeting a specific group or location. The institute's activities are geared towards empowering individuals to make a positive impact on society as a whole.


Official website here: www.goodlylabs.org

Who is the CEO of The Goodly Institute?

Nicholas Adams is the President of The Goodly Institute.


Official website here: www.goodlylabs.org

What is the revenue of The Goodly Institute?

The Goodly Institute's revenue in 2022 was $950,078.


Official website here: www.goodlylabs.org

Who are the executives of The Goodly Institute and what are their salaries?

The average compensation at The Goodly Institute during 2022 was $54,672. There are 2 employees at The Goodly Institute.


Here are 6 key members and their salaries:


Nicholas Adams (President)
  • Compensation: $77,896
  • Related: $0
  • Other: $0
Saul Perlmutter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Voss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Gilmore (Eng Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Wu (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mckay (Eng Team Lead)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.goodlylabs.org

Where can I find the form 990 for The Goodly Institute?

The Goodly Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.goodlylabs.org

Learn more at the official website: www.goodlylabs.org

Mission Statement of The Goodly Institute

The Goodly Institute, as per its mission statement, is committed to equipping individuals with collaborative tools for constructing a more benevolent society. This nonprofit organization aims to empower people, encouraging them to work together towards the betterment of their community and society at large. By providing these collaborative tools, The Goodly Institute seeks to foster a sense of unity and cooperation, ultimately contributing to a more harmonious and improved society.

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Impact




July, 2024

The Goodly Institute equips individuals with collaborative tools for building a better society. Through its activities in Benicia, California, this organization has a direct impact on empowering individuals to work together towards creating positive change in their communities. By providing these collaborative tools, The Goodly Institute enables individuals to address social issues and contribute to the betterment of society.




This information is meant to be a general summary of The Goodly Institute. 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.

Revenue
$950,078 (2022)
Expenses
$294,435 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $23
  • Gross Receipts: $950,078

Assets and Liabilities:

  • Total Assets: $666,598
  • Total Liabilities: $12,106
  • Net Assets: $654,492

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Organization Details

Founding Year

2014

Principal Officer

Nicholas Adams

Main Address

836 SOUTHAMPTON RD, BENICIA, CA, 94510

NTEE Category

Code: W05 - Public benefit

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