Civic Intelligence

Goodword Partnership

990 • Fiscal year 2022 • EIN 20-3545214

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 30, 2023

4619 Arden AveEdina, MN 55424

(952) 920-8341

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

73rd percentile

$109,500

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

123%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

289%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$680,801

Up $376,119 (+123%) from 2021

Net Assets

Up

$677,526

Up $376,219 (+125%) from 2021

Liabilities

Down

$3,275

Down $100 (-3.0%) from 2021

Revenue

Up

$1,227,936

Up $912,460 (+289%) from 2021

Expenses

Up

$851,717

Up $581,006 (+215%) from 2021

Net Income

Up

$376,219

Up $331,454 (+740%) from 2021

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: $10,916Liabilities 2010: $0Net Assets 2010: $10,9162010Assets 2011: $55,397Liabilities 2011: $1,650Net Assets 2011: $53,7472011Assets 2012: $40,350Liabilities 2012: $6,549Net Assets 2012: $33,8012012Assets 2013: $133,364Liabilities 2013: $9,303Net Assets 2013: $124,0612013Assets 2014: $238,745Liabilities 2014: $10,350Net Assets 2014: $228,3952014Assets 2015: $263,787Liabilities 2015: $3,951Net Assets 2015: $259,8362015Assets 2016: $298,552Liabilities 2016: $5,150Net Assets 2016: $293,4022016Assets 2017: $242,337Liabilities 2017: $11,165Net Assets 2017: $231,1722017Assets 2018: $256,985Liabilities 2018: $14,211Net Assets 2018: $242,7742018Assets 2019: $198,870Liabilities 2019: $15,115Net Assets 2019: $183,7552019Assets 2020: $286,158Liabilities 2020: $29,615Net Assets 2020: $256,5432020Assets 2021: $304,682Liabilities 2021: $3,375Net Assets 2021: $301,3072021Assets 2022: $680,801Liabilities 2022: $3,275Net Assets 2022: $677,5262022Assets 2023: $407,547Liabilities 2023: $3,457Net Assets 2023: $404,0902023Assets 2024: $364,536Liabilities 2024: $3,412Net Assets 2024: $361,1242024

Highlighted filing

2022

Assets$680,801
Liabilities$3,275
Net Assets$677,526

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $109,349Expenses 2010: $132,661Net Income 2010: -$23,3122010Revenue 2011: $219,224Expenses 2011: $176,393Net Income 2011: $42,8312011Revenue 2012: $246,360Expenses 2012: $266,306Net Income 2012: -$19,9462012Revenue 2013: $365,242Expenses 2013: $274,982Net Income 2013: $90,2602013Revenue 2014: $457,437Expenses 2014: $352,832Net Income 2014: $104,6052014Revenue 2015: $316,344Expenses 2015: $284,903Net Income 2015: $31,4412015Revenue 2016: $291,018Expenses 2016: $257,452Net Income 2016: $33,5662016Revenue 2017: $315,253Expenses 2017: $377,483Net Income 2017: -$62,2302017Revenue 2018: $295,673Expenses 2018: $284,071Net Income 2018: $11,6022018Revenue 2019: $300,804Expenses 2019: $359,824Net Income 2019: -$59,0202019Revenue 2020: $330,943Expenses 2020: $258,154Net Income 2020: $72,7892020Revenue 2021: $315,476Expenses 2021: $270,711Net Income 2021: $44,7652021Revenue 2022: $1,227,936Expenses 2022: $851,717Net Income 2022: $376,2192022Revenue 2023: $407,472Expenses 2023: $680,909Net Income 2023: -$273,4372023Revenue 2024: $454,100Expenses 2024: $497,067Net Income 2024: -$42,9672024

Highlighted filing

2022

Revenue$1,227,936
Expenses$851,717
Net Income$376,219
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$1,227,936
Mission and Program Overview

Mission

Goodword partnership exists to equip and stimulate the local church and evangelist worldwide in fulfilling their calling of inviting people of all ages and nationalities to a relationship with jesus christ through public proclamation of the gospel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$304,682$680,801▲ $376,119
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$304,682$680,801▲ $376,119
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,375$3,275▼ $100
Total Liabilities$3,375$3,275▼ $100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,307$377,526▲ $116,219
Net Assets With Donor Restrictions$40,000$300,000▲ $260,000
Total Net Assets Fund Balance$301,307$677,526▲ $376,219
Total Liabilities and Net Assets / Fund Balance$304,682$680,801▲ $376,119
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rev Blair T CarlsonFounder & DirecFT$85,500$24,000$109,500
Royston KruseSecretaryFT$48,000-$48,000

Board Members and Trustees

NameTitle
Larry BacklundBoard Member
Todd JohnsonBoard Member
Daniel FineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,227,922
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$0
All Other Contributions
$1,227,922
Change in Net Assets
$376,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$690,395
Salaries, Compensation, and Employee Benefits$161,322
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$116,125$41,375-$157,500
Travel$33,559--$33,559
Conferences and Meetings$30,000--$30,000
Fees for Services Other-$5,941-$5,941
Payroll Taxes$2,818$1,004-$3,822
Occupancy$2,633--$2,633
Other Expenses$3,335$1,651-$1,651
All Other Expenses$904--$904
Office Expenses$505--$505
Insurance$363$129-$492
Total Functional Expenses$799,694$52,023$0$851,717
International Activity

International Summary

Spending
$654,232

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Russia & NeighborsProgram Services990 Pt Iii Lines 4a-4c00$608,098
Sub-saharan AfricaProgram Services990 Pt Iii Lines 4a-4c00$46,134
Middle East and North AfricaProgram Services990 Pt Iii Lines 4a-4c00$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Section B, Line 11B

The completed 990 is provided to the board of directors for review. The board will either approve the 990 for filing or send back the 990 to the accountant for adjustments and changes.

Form 990, Part VI, Section B, Line 12C

At the annual meeting of the board all directors and officers are asked to disclose any conflict of interest and sign the organization's conflict of interest policy

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements will be provided to anyone who requests them from the goodword partnership office

Filing and Contact Details

Filer

Filer Name
Goodword Partnership
EIN
20-3545214
Phone
9529208341
Address
4619 ARDEN AVE, EDINA, MN 55424

Signing Officer

Name
Rev Blair T Carlson
Title
Founder & Direc
Signed
2023-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
3
Employees
2

Preparer

Firm
Haworth & Company Ltd
Address
1880 Livingston Avenue Suite 201, West Saint Paul, MN 55118
Preparer
Matthew Kissell CPA
Phone
6514519373
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0288616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0327783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0297804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0291253
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03160
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04421
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010581
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99570
IRS990ScheduleA/PublicSupportPY170Pct00.48400
IRS990ScheduleA/PublicSupportTotal170Amt02433378
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02433378
IRS990ScheduleA/TotalSupportAmt02443959
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt246134
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1RUSSIA & NEIGHBORS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0990 PT III LINES 4A-4C
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1990 PT III LINES 4A-4C
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2990 PT III LINES 4A-4C
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0654232
IRS990ScheduleF/TotalSpentAmt0654232
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD WILL EITHER APPROVE THE 990 FOR FILING OR SEND BACK THE 990 TO THE ACCOUNTANT FOR ADJUSTMENTS AND CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE ANNUAL MEETING OF THE BOARD ALL DIRECTORS AND OFFICERS ARE ASKED TO DISCLOSE ANY CONFLICT OF INTEREST AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS WILL BE PROVIDED TO ANYONE WHO REQUESTS THEM FROM THE GOODWORD PARTNERSHIP OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0304682
IRS990/TotalAssetsGrp/EOYAmt0680801
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0799694
IRS990/TotalFunctionalExpensesGrp/TotalAmt0851717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03375
IRS990/TotalLiabilitiesEOYAmt03275
IRS990/TotalLiabilitiesGrp/BOYAmt03375
IRS990/TotalLiabilitiesGrp/EOYAmt03275
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0301307
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0677526
IRS990/TotalOtherCompensationAmt024000
IRS990/TotalProgramServiceExpensesAmt0799694
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0133500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01227936
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0304682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0680801
IRS990/TravelGrp/ProgramServicesAmt033559
IRS990/TravelGrp/TotalAmt033559
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04619 ARDEN AVE
IRS990/USAddress/CityNm0EDINA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055424
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.goodwordparternship.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REV BLAIR T CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & DIREC
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOODWORD PARTNERSHIP
ReturnHeader/Filer/BusinessNameControlTxt0GOOD
ReturnHeader/Filer/EIN0203545214
ReturnHeader/Filer/PhoneNum09529208341
ReturnHeader/Filer/USAddress/AddressLine1Txt04619 ARDEN AVE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055424

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$0.45$0.50$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.40$0.41$0.68$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.23$0.85$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.32$0.27$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$0.33$0.26$0.07
2019Summary only. Only limited summary data is available for this year.$0.20$0.02$0.18$0.30$0.36$0.06
2018Summary only. Only limited summary data is available for this year.$0.26$0.01$0.24$0.30$0.28$0.01
2017Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.32$0.38$0.06
2016Summary only. Only limited summary data is available for this year.$0.30$0.01$0.29$0.29$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.32$0.28$0.03
2014Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.46$0.35$0.10
2013Summary only. Only limited summary data is available for this year.$0.13$0.01$0.12$0.37$0.27$0.09
2012Summary only. Only limited summary data is available for this year.$0.04$0.01$0.03$0.25$0.27$0.02
2011Summary only. Only limited summary data is available for this year.$0.06$0.00$0.05$0.22$0.18$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.11$0.13$0.02