Overview
What is Network For Good?
Network For Good is a Washington, D.C.-based nonprofit organization dedicated to unlocking generosity and boosting financial resources for charitable causes through digital platforms. Since its inception, it has facilitated over $4.8 billion in donations for nearly 420,000 nonprofits. In 2022 alone, it raised an impressive $440 million for over 175,000 diverse nonprofits, providing critical funding to help charities address the continued unprecedented needs stemming from climate-driven disasters. The organization streamlined its operations, offering support to corporations and organizations with consumer giving programs through its donor-advised fund and various products. By exploring new ways to expand its mission, Network For Good established a strategic advisory board and envisioned a strategic plan to offer sustainable outcomes across the social sector.
Official website here: www.nfggive.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Network For Good has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial management practices. While the organization demonstrates a fully independent board and maintains a solid program expense ratio, it struggles significantly with transparency in terms of financial reporting. Notably, the audit report is missing from their website, and they have failed to post a donor privacy policy, raising concerns about their commitment to accountability.
User feedback reveals a contrasting experience, with some clients praising the ease of use and functionality of their donation software. They highlight the platform's effective integration with campaigns and the responsive customer service. However, a significant number of negative reviews express serious dissatisfaction, particularly regarding customer service and hidden fees that emerged after contract agreements. Many users reported frustrations with long wait times for support, unfulfilled promises about services, and unexpected charges that led to financial strain for their nonprofits.
This dual sentiment suggests that while Network For Good offers valuable tools for some organizations, the overall reliability and transparency issues have left many users feeling trapped or misled. Nonprofits considering their services may want to weigh the potential benefits against the risks identified by dissatisfied clients.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Network For Good legitimate?
Network For Good is a legitimate nonprofit organization registered as a 501(c)(3) entity. Network For Good 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: $714,832
Professional Fundraising Fees: $4,770,564
Other Salaries and Wages: $14,808
For more financial information, click here
Official website here: www.nfggive.org
What is the mission statement of Network For Good?
Network For Good is a platform dedicated to amplifying charitable giving by making it easier and more efficient for the public to recommend grants to their chosen non-profit organizations. Their mission is to facilitate increased financial resources for non-profits through digital means. To date, they have successfully raised over $4.8 billion in donations for nearly 420,000 non-profits since their inception. In 2022 alone, they secured $440 million in donations for over 175,000 different non-profits. Network For Good also played a significant role in providing critical funding to charities affected by climate-driven disasters, supporting community relief efforts such as food banks, disaster response organizations, and other critical social service organizations. The organization is continually exploring ways to expand their mission and recently established a strategic advisory board to help guide their future plans. Their vision is to provide durable capital for community-aligned sustainable outcomes across the social sector.
Official website here: www.nfggive.org
Who is the CEO of Network For Good?
Abby Ross is the Principal Officer of Network For Good. The CEO's salary of Network For Good is $182,692 and their total compensation is $206,739.
Official website here: www.nfggive.org
What is the revenue of Network For Good?
Network For Good's revenue in 2022 was $485,586,276.
Official website here: www.nfggive.org
Who are the executives of Network For Good and what are their salaries?
The average compensation at Network For Good during 2022 was $182,410. There are 4 employees and 8 volunteers at Network For Good.
Here are 11 key members and their salaries (Network For Good's CEO's salary is $182,692 and their total compensation is $206,739):
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- Compensation: $182,692
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- Other: $24,047
- Compensation: $282,889
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- Other: $900
- Compensation: $268,202
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- Other: $900
Official website here: www.nfggive.org
Where can I find the form 990 for Network For Good?
Network For Good's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfggive.org
Learn more at the official website: www.nfggive.org
Mission Statement of Network For Good
Network For Good, a pioneering organization, is committed to unlocking generosity and channeling increased financial resources toward charitable nonprofits through digital platforms. By offering a simple, secure, and efficient means for the public to recommend grants to their preferred charities, Network For Good aims to bolster charitable giving substantially.
Since its inception, Network For Good has surpassed $4.8 billion in cumulative donations raised for nearly 420,000 nonprofits. In 2022 alone, over $440 million in donations were amassed for more than 175,000 diverse nonprofits. During a year marked by continued unprecedented need, Network For Good played a critical role in providing critical funding to charities, particularly in the face of climate-driven disasters affecting communities nationwide. This funding supported various relief efforts, such as food banks, disaster response organizations, and other essential social service organizations, ensuring frontline communities received the support they required.
For corporations and organizations seeking to make a difference, Network For Good streamlined its operations. It offers support to partners with consumer giving programs through its Donor Advised Fund and various products like the iframe, and webhooks. This collaboration adheres to best practices for safely and securely helping donors contribute to the charities they care about, including compliance with AB488 and other regulations.
Network For Good is currently embarking on a strategic discovery process to broaden its mission. This initiative includes over 200 learning sessions with executives in philanthropy, technology, and innovation. The organization has established a Strategic Advisory Board of influential advisors to challenge its thinking and inspire ambitious plans for the future of unleashing generosity. Additionally, Network For Good has outlined an evolved strategic vision that will guide a multi-year strategic plan, aiming to provide durable capital for sustainable community-aligned outcomes across the social sector.
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Impact
October, 2024
Network For Good has significantly transformed charitable giving, driving over $4.8 billion in cumulative donations to nearly 420,000 nonprofit organizations since its inception. In 2022 alone, it facilitated $440 million in donations to more than 175,000 charities, addressing critical needs in communities, particularly in response to climate-driven disasters. This support has been vital for food banks, disaster response organizations, and essential social services that communities rely on.
To enhance corporate and organizational philanthropy, Network For Good streamlined operations to better assist partners with consumer giving programs. This includes compliance with regulations like AB488, ensuring safe and efficient donation practices. Moreover, the organization has engaged in a strategic discovery process, involving over 200 sessions with industry executives to explore innovative ways to further its mission. This effort has led to the establishment of a strategic advisory board and the development of a multi-year plan aimed at providing lasting support and sustainable outcomes across the social sector.
Through a dedicated focus on making charitable giving accessible, safe, and efficient, Network For Good continues to unleash generosity and amplify the impact of charitable organizations nationwide.
This information is meant to be a general summary of Network For Good. 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: $44,977,380
- Gross Receipts: $485,586,276
Assets and Liabilities:
- Total Assets: $155,482,852
- Total Liabilities: $109,110,355
- Net Assets: $46,372,497
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Organization Details
Founding Year
2001
Phone
(888) 284-7978Principal Officer
Abby Ross
Main Address
655 15TH ST NW 650, WASHINGTON, DC, 20005
Website
www.nfggive.orgNTEE Category
Code: M19 - Public safety
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