Civic Intelligence

Good Spoon

990 • Fiscal year 2021 • EIN 20-1182359

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 24, 2022

4739 Valley StreetAlexandria, VA 22312

(703) 622-2559

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

72nd percentile

29%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

98th percentile

456%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

25%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$254,659

Up $208,887 (+456%) from 2020

Net Assets

Up

$254,659

Up $208,887 (+456%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$732,269

Up $144,798 (+25%) from 2020

Expenses

Up

$523,382

Up $8,451 (+1.6%) from 2020

Net Income

Up

$208,887

Up $136,347 (+188%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $47,392Liabilities 2010: $02010Assets 2011: $44,388Liabilities 2011: $02011Assets 2012: $92,585Liabilities 2012: $02012Assets 2013: $35,602Liabilities 2013: $02013Assets 2014: $43,098Net Assets 2014: $43,0982014Assets 2015: $24,772Liabilities 2015: $0Net Assets 2015: $24,7722015Assets 2016: $65,422Liabilities 2016: $0Net Assets 2016: $65,4222016Assets 2017: $23,216Liabilities 2017: $0Net Assets 2017: $23,2162017Assets 2018: $29,478Liabilities 2018: $5,812Net Assets 2018: $23,6662018Assets 2019: $26,538Liabilities 2019: $0Net Assets 2019: $26,5382019Assets 2020: $45,772Liabilities 2020: $0Net Assets 2020: $45,7722020Assets 2021: $254,659Liabilities 2021: $0Net Assets 2021: $254,6592021Assets 2022: $469,799Liabilities 2022: $0Net Assets 2022: $469,7992022Assets 2023: $536,606Liabilities 2023: $0Net Assets 2023: $536,6062023Assets 2024: $623,699Liabilities 2024: $0Net Assets 2024: $623,6992024

Highlighted filing

2021

Assets$254,659
Liabilities$0
Net Assets$254,659

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $130,268Expenses 2010: $119,183Net Income 2010: $11,0852010Revenue 2011: $151,391Expenses 2011: $154,395Net Income 2011: -$3,0042011Revenue 2012: $172,139Expenses 2012: $126,585Net Income 2012: $45,5542012Revenue 2013: $174,090Expenses 2013: $231,073Net Income 2013: -$56,9832013Revenue 2014: $189,402Expenses 2014: $181,906Net Income 2014: $7,4962014Revenue 2015: $434,874Expenses 2015: $375,139Net Income 2015: $59,7352015Revenue 2016: $458,716Expenses 2016: $418,066Net Income 2016: $40,6502016Revenue 2017: $612,146Expenses 2017: $588,930Net Income 2017: $23,2162017Revenue 2018: $503,949Expenses 2018: $489,175Net Income 2018: $14,7742018Revenue 2019: $574,774Expenses 2019: $525,909Net Income 2019: $48,8652019Revenue 2020: $587,471Expenses 2020: $514,931Net Income 2020: $72,5402020Revenue 2021: $732,269Expenses 2021: $523,382Net Income 2021: $208,8872021Revenue 2022: $805,768Expenses 2022: $449,414Net Income 2022: $356,3542022Revenue 2023: $901,712Expenses 2023: $834,563Net Income 2023: $67,1492023Revenue 2024: $1,143,561Expenses 2024: $1,027,414Net Income 2024: $116,1472024

Highlighted filing

2021

Revenue$732,269
Expenses$523,382
Net Income$208,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 24, 2022
Return Version
2021v4.2
Gross Receipts
$732,269
Mission and Program Overview

Mission

This organization helps homeless people in the Washington DC area. It receives all types of donations from many contributors, and provides all types of living necessities to people who need help.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$45,772$254,659▲ $208,887
Cash and Non-Interest-Bearing Accounts$41,615$250,502▲ $208,887
Land, Buildings, and Equipment, Net$4,157$4,157→ $0
Total Assets$45,772$254,659▲ $208,887
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,772$254,659▲ $208,887
Total Liabilities and Net Assets / Fund Balance$45,772$254,659▲ $208,887

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,157$41,625$45,782
Other Land Buildings-$400$400
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jay CHODirector
Josh CHOEDirector
Jung Sun CHOIDirector
Woo Sik HONGDirector
Jae Euk KimOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$732,269
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$732,269
Change in Net Assets
$208,887

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory8$313,635Fair Market Value
Intellectual Property1$20,800Fair Market Value
Clothing and Household Goods-$19,000Fair Market Value
Drugs and Medical Supplies1$13,500Fair Market Value
Cars and Other Vehicles1$6,000Fair Market Value
Total Noncash Contributions11$372,935-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$372,935
Salaries, Compensation, and Employee Benefits$78,940
Other Expenses$71,507
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$372,935--$372,935
Current Officers, Directors, Trustees, and Key Employees-$73,500-$73,500
All Other Expenses-$28,710-$28,710
Other Expenses$4,017$7,221-$7,221
Payroll Taxes-$5,440-$5,440
Insurance-$4,499-$4,499
Fees for Services Accounting-$2,660-$2,660
Total Functional Expenses$401,352$122,030$0$523,382
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Federal Payroll taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Good Spoon
EIN
20-1182359
Phone
7036222559
Address
4739 Valley Street, Alexandria, VA 22312

Signing Officer

Name
Jae Euk Kim
Title
President
Phone
7036222559
Signed
2022-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jae Euk Kim
Formed
2004
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
2

Preparer

Firm
YnC Virginia LLC
Address
9169 W State St Suite 3412, Garden City, ID 83714
Preparer
Jinyoung Hwang
Phone
7035954242
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section B, Line 12

In regards to Part VI Line 12c, we regularly hold a meeting to monitor and enforce compliance with the policy. For instance we hold a meeting at the end of every year.

Raw XML Appendix364 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In regards to Part VI Line 12c, we regularly hold a meeting to monitor and enforce compliance with the policy. For instance we hold a meeting at the end of every year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Section B, Line 12
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045772
IRS990/TotalAssetsEOYAmt0254659
IRS990/TotalAssetsGrp/BOYAmt045772
IRS990/TotalAssetsGrp/EOYAmt0254659
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0732269
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122030
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0401352
IRS990/TotalFunctionalExpensesGrp/TotalAmt0523382
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045772
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254659
IRS990/TotalProgramServiceExpensesAmt0401352
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0732269
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045772
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254659
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04739 Valley St
IRS990/USAddress/CityNm0Alexandria
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022312
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://www.goodspoon.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jae Euk Kim
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07036222559
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOOD SPOON
ReturnHeader/Filer/BusinessNameControlTxt0GOOD
ReturnHeader/Filer/EIN0201182359
ReturnHeader/Filer/PhoneNum07036222559
ReturnHeader/Filer/USAddress/AddressLine1Txt04739 Valley Street
ReturnHeader/Filer/USAddress/CityNm0Alexandria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022312
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471755051
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YnC Virginia LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09169 W State St Suite 3412
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Garden City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083714
ReturnHeader/PreparerPersonGrp/PhoneNum07035954242
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jinyoung Hwang
ReturnHeader/ReturnTs02022-08-24T09:17:40-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jae Euk
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Kim
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$1.14$1.03$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.90$0.83$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.81$0.45$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.73$0.52$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.59$0.51$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.57$0.53$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.50$0.49$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.61$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.46$0.42$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.43$0.38$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.19$0.18$0.01
2013Summary only. Only limited summary data is available for this year.$0.04$0.00$0.17$0.23$0.06
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.17$0.13$0.05
2011Summary only. Only limited summary data is available for this year.$0.04$0.00$0.15$0.15$0.00
2010Summary only. Only limited summary data is available for this year.$0.05$0.00$0.13$0.12$0.01