Overview
What is Good360?
Good360 is a leading nonprofit organization based in Alexandria, Virginia, that bridges the gap between companies with surplus goods and communities in need. They partner with over 100,000 pre-screened nonprofits, enabling corporations to distribute donated essential items effectively. In 2022, Good360 distributed approximately $2.6 billion in donated goods, keeping millions of pounds of items from landfills and helping companies achieve sustainability goals. Their mission is to distribute critically needed donated goods and open new opportunities for those in need. With a workforce of 86 dedicated individuals, they ensure the right goods reach the right people at the right time.
Official website here: www.good360.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
Good360 is recognized for its impressive performance, particularly in impact and measurement, where it scored a perfect 100%. The organization excels in delivering essential goods to nonprofits, successfully distributing over $1.2 billion worth of items, allowing small nonprofits to stretch their contributions and serve communities effectively. Their strong financial health, evidenced by a high program expense ratio, and clear governance policies further enhance their credibility within the nonprofit sector.
However, user feedback presents a mixed picture. While many nonprofits commend Good360 for the quality and quantity of goods available at significantly reduced costs, some users express dissatisfaction with the ordering process, stating that the items received often differ from their orders or arrive in poor condition. There are also notable complaints regarding customer service issues, particularly in communication and fulfillment, which have led some organizations to seek alternatives.
Despite these limitations, Good360 remains a vital resource for many nonprofits, particularly those focused on aiding underprivileged communities. The organization’s capabilities in disaster response and corporate partnerships are lauded, showcasing its potential to significantly contribute to nonprofit operations. However, potential users should weigh both the positive experiences and the challenges reported by some organizations when considering engagement with Good360.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Good360 legitimate?
Good360 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good360 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: $1,278,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,031,481
For more financial information, click here
Official website here: www.good360.org
What is the mission statement of Good360?
Good360 is a mission-driven organization dedicated to bridging the gap between those who have essential goods to share and those in need. By collaborating with some of the world's largest corporations, Good360 sources and distributes donated items through a network of over 100,000 vetted nonprofits. These organizations support individuals across the US and internationally. In 2022, Good360 distributed over $2.6 billion worth of donated goods, providing corporations with a responsible solution for unsold merchandise and customer returns. Simultaneously, Good360 keeps millions of pounds of goods from ending up in landfills, contributing to sustainability and zero-waste goals. By connecting organizations with an abundance of resources to those in critical need, Good360 not only closes the gap but also opens up new opportunities for all.
Official website here: www.good360.org
Who is the CEO of Good360?
Romaine Seguin is the Chairman of Good360. The CEO's salary of Good360 is $99,331 and their total compensation is $99,331.
Official website here: www.good360.org
What is the revenue of Good360?
Good360's revenue in 2022 was $2,686,924,313.
Official website here: www.good360.org
Who are the executives of Good360 and what are their salaries?
The average compensation at Good360 during 2022 was $73,370. There are 86 employees and 28 volunteers at Good360.
Here are 20 key members and their salaries (Good360's CEO's salary is $99,331 and their total compensation is $99,331):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $99,331
- Related: $0
- Other: $0
- Compensation: $257,551
- Related: $0
- Other: $0
- Compensation: $231,480
- Related: $0
- Other: $19,755
- Compensation: $231,480
- Related: $0
- Other: $13,250
- Compensation: $225,367
- Related: $0
- Other: $13,040
- Compensation: $183,036
- Related: $0
- Other: $4,046
- Compensation: $161,000
- Related: $0
- Other: $18,796
- Compensation: $182,000
- Related: $0
- Other: $7,752
- Compensation: $164,500
- Related: $0
- Other: $3,337
- Compensation: $149,417
- Related: $0
- Other: $16,266
- Compensation: $137,813
- Related: $0
- Other: $8,303
Official website here: www.good360.org
Where can I find the form 990 for Good360?
Good360's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.good360.org
Learn more at the official website: www.good360.org
Mission Statement of Good360
Good360, a leading organization in product philanthropy, strives to bridge the gap between those in need and the abundant resources of corporations. With partnerships with hundreds of major companies, Good360 sources essential goods that are then distributed through its extensive network of over 100,000 vetted nonprofits. These nonprofits support individuals across the US and internationally. In the year 2022 alone, Good360 distributed over $2.6 billion in donated goods, providing a responsible solution for corporations to manage unsold goods and customer returns. By distributing these goods, Good360 prevents millions of pounds of material from ending up in landfills each year, thus contributing to sustainability and zero-waste goals for companies. Simultaneously, Good360 addresses the increasing needs of communities by ensuring the right goods reach the right people at the right time. Bridging the gap between givers and receivers, Good360 opens new opportunities for all, fostering a symbiotic relationship that benefits both parties.
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Impact
October, 2024
Good360 has a significant impact on communities by effectively closing the need gap through the distribution of critically needed donated goods. By partnering with hundreds of companies, Good360 sources and redistributes essential items via a network of over 100,000 vetted organizations. In 2022 alone, Good360 facilitated the distribution of over $2.6 billion in donated goods, which not only addresses immediate needs but also provides corporate partners with a responsible solution for unsold inventory and customer returns.
By keeping millions of pounds of products out of landfills each year, Good360 plays a crucial role in promoting sustainability and supporting companies in achieving their zero-waste goals. This strategic approach not only fulfills the urgent requirements of communities but also opens up new opportunities for individuals facing challenges. Good360 serves as a vital link, ensuring that the right goods reach the people who need them most at the right time, contributing positively to both local and global communities.
This information is meant to be a general summary of Good360. 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: -$355,360
- Program Service Revenue: $16,870,343
- Gross Receipts: $2,693,275,083
Assets and Liabilities:
- Total Assets: $76,850,976
- Total Liabilities: $3,402,477
- Net Assets: $73,448,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHIPPING AND HANDLING
Revenue
$15,653,648
RDP REVENUE
Revenue
$1,216,695
Organization Details
Founding Year
1983
Phone
(703) 836-2121Principal Officer
Romaine Seguin
Main Address
675 NORTH WASHINGTON STREET 330, ALEXANDRIA, VA, 22314
Website
www.good360.orgNTEE Category
Code: Q193 - International
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