Overview
What is Goodweave International?
Goodweave International is a nonprofit organization based in Washington, D.C., specifically at 1111 14th Street NW 820. Their primary mission is to combat child labor, slavery, illiteracy, and poverty on a global scale. They achieve this by leveraging market forces, targeting various sectors such as garment factories in Bangladesh and artisanal cobalt mines in the Democratic Republic of the Congo. Goodweave's strategy is demand-driven, aiming to eradicate child labor permanently from these supply chains. The organization, with a team of 15 dedicated individuals, is dedicated to making significant strides in this critical social issue.
Official website here: www.goodweave.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Goodweave International has demonstrated a strong commitment to accountability and financial management, achieving an impressive 96% score in this area. The charity's Four-Star rating reflects its dedication to maintaining transparency and effective governance, with 100% of its board members being independent. This structure allows for better oversight and decision-making, fostering trust among donors and stakeholders.
The organization excels in its financial practices, evidenced by a low liabilities to assets ratio of 7.89% and a program expense ratio of 87.55%. These figures indicate that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, Goodweave International has established comprehensive policies, including conflict of interest and whistleblower policies, which further support its ethical operations.
While the ratings highlight the charity's strengths, it is important for potential donors and supporters to consider the effectiveness of its programs and how those outcomes align with their missions. Nevertheless, Goodweave International's financial responsibility and governance structure position it as a reliable choice for contributing to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Goodweave International?
90% of 22 reviewers on Facebook recommend Goodweave International. Here is a summary of their reviews:
Many supporters express a strong endorsement of the organization for its commitment to combating child labor in the carpet industry. Users appreciate Goodweave's effective approach to providing education and support for children in weaving communities. The dedication of the nonprofit in improving lives and promoting ethical practices resonates well with those familiar with its initiatives.
Overall, there is a positive sentiment surrounding Goodweave International, with individuals feeling satisfied with the impactful work being done and the tangible benefits provided to vulnerable communities. The organization appears to be making a meaningful difference in the lives of children and families involved in craft industries.
This AI summary has been generated from reviews found on Facebook.
Is Goodweave International legitimate?
Goodweave International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodweave International 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: $278,184
Professional Fundraising Fees: $4,782
Other Salaries and Wages: $995,721
For more financial information, click here
Official website here: www.goodweave.org/
What is the mission statement of Goodweave International?
Goodweave International's mission is focused on eradicating child labor from global supply chains permanently. They accomplish this through a proactive approach that leverages market forces. By implementing a demand-driven model, they aim to dismantle the interconnected issues of child labor, slavery, illiteracy, and poverty. GoodWeave's strategies are interrelated, working towards a sustainable and humane future for all workers. While the specific methods and continuation of their strategies are outlined in their schedule, their primary goal remains the same: to eliminate child labor from global supply chains for good.
Official website here: www.goodweave.org/
Who is the CEO of Goodweave International?
Nina Smith is the Chair of Goodweave International. The CEO's salary of Goodweave International is $148,748 and their total compensation is $163,523.
Official website here: www.goodweave.org/
What is the revenue of Goodweave International?
Goodweave International's revenue in 2022 was $1,828,342.
Official website here: www.goodweave.org/
Who are the executives of Goodweave International and what are their salaries?
The average compensation at Goodweave International during 2022 was $84,927. There are 15 employees and 14 volunteers at Goodweave International.
Here are 20 key members and their salaries (Goodweave International's CEO's salary is $148,748 and their total compensation is $163,523):
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- Compensation: $148,748
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- Compensation: $101,675
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- Compensation: $109,400
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Official website here: www.goodweave.org/
Where can I find the form 990 for Goodweave International?
Goodweave International's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodweave.org/
Learn more at the official website: www.goodweave.org/
Mission Statement of Goodweave International
Goodweave International is committed to eradicating child labor from global supply chains permanently. This nonprofit organization employs a strategic approach that leverages market forces to bring about this change. GoodWeave's mission is to disrupt the cycle of child labor, slavery, illiteracy, and poverty by implementing a demand-driven model. This model aims to eliminate child labor from various sectors, ranging from garment factories in Bangladesh to artisanal cobalt mines in the Democratic Republic of the Congo. By doing so, Goodweave International seeks to create a world where children are free from exploitation and can grow up in safe and nurturing environments.
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Impact
July, 2024
Goodweave International's impact is significant in the fight against child labor in global supply chains. By disrupting the cycle of child labor, slavery, illiteracy, and poverty, Goodweave is making a tangible difference in the lives of vulnerable children worldwide. Through their demand-driven model, they are tackling the root causes of child labor and working towards a future where all children can thrive free from exploitation. Their efforts span from the garment factories of Bangladesh to the cobalt mines of the Democratic Republic of the Congo, addressing the complex issue of child labor on a global scale.
This information is meant to be a general summary of Goodweave International. 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: $2,805
- Program Service Revenue: $819,321
- Gross Receipts: $1,828,342
Assets and Liabilities:
- Total Assets: $4,387,152
- Total Liabilities: $346,372
- Net Assets: $4,040,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GoodWeave license fees
Revenue
$778,209
Marketing partner fees
Revenue
$34,499
Contract
Revenue
$6,613
Organization Details
Founding Year
1996
Phone
(202) 234-9050Principal Officer
Nina Smith
Main Address
1111 14th Street NW 820, Washington, DC, 200055610
Website
www.goodweave.org/NTEE Category
Code: Q700 - International
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