Overview
What is Good Buys Foundation Inc?
Good Buys Foundation Inc is a nonprofit organization situated in Brooklyn, New York, dedicated to making a difference through the fashion community. Their mission involves connecting various stakeholders in the fashion industry for social good initiatives and digital fundraising. By leveraging unique in-kind donations from prominent fashion houses and independent designers, they launch flash sales. The proceeds from these sales are then directed to two organizations that are in most urgent need at the time, as demonstrated by their inaugural sale that split the funds equally between the National Domestic Workers Alliance and the Movement for Black Lives.
Official website here: www.thegoodbuys.org
Is Good Buys Foundation Inc legitimate?
Good Buys Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Buys Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.thegoodbuys.org
What is the mission statement of Good Buys Foundation Inc?
Good Buys Foundation Inc operates as a non-profit organization, connecting the fashion community through socially responsible initiatives and digital fundraising. Their mission involves engaging with significant fashion entities and independent designers, gathering unique in-kind donations. These donations are showcased in flash sales, with the proceeds directly benefiting two organizations that are currently experiencing the most significant need. Good Buys Foundation Inc launched its first sale on August 4th, distributing the funds equally between the National Domestic Workers Alliance and the Movement for Black Lives.
Official website here: www.thegoodbuys.org
What is the revenue of Good Buys Foundation Inc?
Good Buys Foundation Inc's revenue in 2022 was $0.
Official website here: www.thegoodbuys.org
Who are the executives of Good Buys Foundation Inc and what are their salaries?
There 5 volunteers at Good Buys Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thegoodbuys.org
Where can I find the form 990 for Good Buys Foundation Inc?
Good Buys Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thegoodbuys.org
Learn more at the official website: www.thegoodbuys.org
Mission Statement of Good Buys Foundation Inc
Good Buys Foundation, a non-profit organization, connects the fashion community through impactful social good initiatives and digital fundraising. Its mission is to serve as a platform, leveraging unique in-kind donations from prominent fashion houses and independent designers. The proceeds from these flash sales are directly channeled towards two designated organizations that are currently experiencing the most significant needs. By participating in these sales, the fashion community contributes to making a difference, with the funds being evenly distributed between the chosen organizations. In this way, Good Buys Foundation plays a crucial role in bridging the fashion industry and social causes, promoting philanthropy and community engagement.
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Impact
October, 2024
Good Buys Foundation Inc significantly impacts the fashion community by leveraging its connections to promote impactful social initiatives. By featuring a diverse collection of unique in-kind donations from both large fashion houses and independent designers, the organization creates opportunities for meaningful engagement within the industry. Proceeds from their flash sales directly support organizations that are facing urgent needs, such as the National Domestic Workers Alliance and the Movement for Black Lives, demonstrating a commitment to social justice and community support.
Through innovative digital fundraising strategies, Good Buys not only raises essential funds but also fosters awareness of key social issues among fashion enthusiasts and stakeholders. Their initiatives encourage a culture of giving back within the fashion industry, inspiring both designers and consumers to participate in transformative action. This approach not only amplifies the voices of marginalized communities but also strengthens the bond between fashion and social responsibility, making a tangible difference in the lives of those who need it most.
This information is meant to be a general summary of Good Buys Foundation 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 2022.
Assets and Liabilities:
- Total Assets: $5,587
- Total Liabilities: $0
- Net Assets: $5,587
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Organization Details
Founding Year
2020
Principal Officer
Natalie Sypkens
Website
www.thegoodbuys.orgNTEE Category
Code: P99 - Human services
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