Civic Intelligence

Good Spoon

990 • Fiscal year 2023 • EIN 20-1182359

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

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

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$87,579

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

69th percentile

14%

Faster asset growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

12%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$536,606

Up $66,807 (+14%) from 2022

Net Assets

Up

$536,606

Up $66,807 (+14%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$901,712

Up $95,944 (+12%) from 2022

Expenses

Up

$834,563

Up $385,149 (+86%) from 2022

Net Income

Down

$67,149

Down $289,205 (-81%) from 2022

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

2023

Assets$536,606
Liabilities$0
Net Assets$536,606

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

2023

Revenue$901,712
Expenses$834,563
Net Income$67,149
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$901,712
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
Savings and Temporary Cash Investments$400,000$440,363▲ $40,363
Cash and Non-Interest-Bearing Accounts$65,642$65,425▼ $217
Land, Buildings, and Equipment, Net-$30,818-
Total Assets$465,642$536,606▲ $70,964
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$465,642$536,606▲ $70,964
Total Net Assets Fund Balance$465,642$536,606▲ $70,964
Total Liabilities and Net Assets / Fund Balance$465,642$536,606▲ $70,964

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,818$46,182-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jae Euk KimOfficerFT$87,579$87,579

Board Members and Trustees

NameTitle
Jay ChoDirector
Josh ChoeDirector
Jung Sun ChoiDirector
Woo Sik HongDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$891,349
Program Service Revenue
$0
Investment Income
$10,363
Other Revenue
$0
All Other Contributions
$891,349
Change in Net Assets
$67,149

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 Inventory23$329,315Fair Market Value (FMV)
Clothing and Household Goods-$189,190Fair Market Value (FMV)
Other Non Cash Contri Table12$47,200Fair Market Value (FMV)
Drugs and Medical Supplies6$32,000Fair Market Value (FMV)
Other Non Cash Contri Table52$20,800Fair Market Value (FMV)
Other Non Cash Contri Table2$15,108Fair Market Value (FMV)
Other Non Cash Contri Table4$4,100Fair Market Value (FMV)
Cars and Other Vehicles4$2,624Fair Market Value (FMV)
Real Estate Other2$2,550Fair Market Value (FMV)
Total Noncash Contributions105$642,887-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$670,947
Salaries, Compensation, and Employee Benefits$102,166
Other Expenses$51,072
Professional Fundraising Fees$6,174
Total Fundraising Expense$6,174

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$669,447--$669,447
Current Officers, Directors, Trustees, and Key Employees-$70,500-$70,500
Payroll Taxes-$26,866-$26,866
Interest-$23,414-$23,414
Fees for Services Professional Fundraising--$6,174$6,174
Other Employee Benefits-$4,800-$4,800
Benefits to Members$4,204--$4,204
Fees for Services Accounting-$2,760-$2,760
Office Expenses-$2,676-$2,676
Insurance-$2,470-$2,470
Grants to Domestic Orgs$1,500--$1,500
Conferences and Meetings-$1,395-$1,395
Other Expenses-$1,094-$1,094
Fees for Services Other-$900-$900
Advertising-$470-$470
Information Technology-$286-$286
Total Functional Expenses$675,151$153,238$6,174$834,563
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,174
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

Governance Explanations

Form 990 governing body review Part VI line 11

The governing body of Good Spoon, the Board of Directors, reviewed the Form 990 for the fiscal year ended 12/31/2023. This review was conducted at a meeting held on 11/1/2024.The Boards review process included:Distribution of the Form 990: A draft of the Form 990 was distributed to all Board members 7 days in advance of the meeting to allow for thorough review. Explanation of Key Sections: The Officer presented a summary of the Form 990, highlighting key information in Parts I, VI, VII, VIII, IX, and X. Questions and Clarification: Board members were given the opportunity to ask questions and seek clarification on any aspect of the Form 990.Approval: Following the review and discussion, the Board voted to approve the Form 990 for filing with the IRS.

Conflict of interest policy compliance Part VI line 12C

Good Spoon is committed to maintaining the highest ethical standards and avoiding conflicts of interest. To this end, the organization has adopted a comprehensive Conflict of Interest Policy that applies to all members of the governing body, key employees, and any other individuals in a position to influence the organizations decisions.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the general public upon request. Interested parties may request copies of these documents by contacting Good Spoon at [email protected] or 703-622-2559.

Filing and Contact Details

Filer

Filer Name
Good Spoon
EIN
20-1182359
Address
4739 VALLEY STREET, Alexandria, VA 22312

Signing Officer

Name
Jae Euk Kim
Title
Director
Phone
7036222559
Signed
2024-05-15
Discuss with paid preparer
No

Organization Details

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

Preparer

Firm
Sunshine FinancialGTAX
Address
4000 Legato Rd STE 1100, Fairfax, VA 22033
Preparer
Seung Ug Jeong
Phone
7038440355
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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/DrugsAndMedicalSuppliesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NoncashContributionsRptF990Amt032000
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt023
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0329315
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt052
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt12
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt24
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt312
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Newspaper Advertisement
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Anti-epidemic supplies
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2Grocery Gift Card
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3Soup Kitchen
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt020800
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt115108
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt24100
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt347200
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt02
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt02550
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body of Good Spoon, the Board of Directors, reviewed the Form 990 for the fiscal year ended 12/31/2023. This review was conducted at a meeting held on 11/1/2024.The Boards review process included:Distribution of the Form 990: A draft of the Form 990 was distributed to all Board members 7 days in advance of the meeting to allow for thorough review. Explanation of Key Sections: The Officer presented a summary of the Form 990, highlighting key information in Parts I, VI, VII, VIII, IX, and X. Questions and Clarification: Board members were given the opportunity to ask questions and seek clarification on any aspect of the Form 990.Approval: Following the review and discussion, the Board voted to approve the Form 990 for filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Good Spoon is committed to maintaining the highest ethical standards and avoiding conflicts of interest. To this end, the organization has adopted a comprehensive Conflict of Interest Policy that applies to all members of the governing body, key employees, and any other individuals in a position to influence the organizations decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the general public upon request. Interested parties may request copies of these documents by contacting Good Spoon at [email protected] or 703-622-2559.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0465642
IRS990/TotalAssetsEOYAmt0536606
IRS990/TotalAssetsGrp/BOYAmt0465642
IRS990/TotalAssetsGrp/EOYAmt0536606
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0891349
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06174
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153238
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0675151
IRS990/TotalFunctionalExpensesGrp/TotalAmt0834563
IRS990/TotalGrossUBIAmt010363
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0465642
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0536606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0675151
IRS990/TotalReportableCompFromOrgAmt087579
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0901712
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt010363
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0465642
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0536606
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.GOODSPOON.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jae Euk Kim
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07036222559
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOOD SPOON
ReturnHeader/Filer/BusinessNameControlTxt0GOOD
ReturnHeader/Filer/EIN0201182359
ReturnHeader/Filer/USAddress/AddressLine1Txt04739 VALLEY STREET
ReturnHeader/Filer/USAddress/CityNm0Alexandria
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022312
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825230697
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sunshine FinancialGTAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04000 Legato Rd STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfax
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022033
ReturnHeader/PreparerPersonGrp/PhoneNum07038440355
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Seung Ug Jeong
ReturnHeader/ReturnTs02024-11-15T21:04:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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