Form 990 governing body review Part VI line 11
“Management and selected board members review the 990 and the related schedules prior to submittal to the respective agencies.”
Global Goods Partners Inc
990 • Fiscal year 2017 • EIN 20-5355641
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Down$185,007
Down $31,578 (-15%) from 2016
Net Assets
Down$121,973
Down $22,420 (-16%) from 2016
Liabilities
Down$63,034
Down $9,158 (-13%) from 2016
Revenue And Expenses
Revenue
Down$361,371
Down $175,685 (-33%) from 2016
Expenses
Down$383,791
Down $297,041 (-44%) from 2016
Net Income
Up-$22,420
Up $121,356 (+84%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- May 15, 2018
- Return Version
- 2016v3.0
- Gross Receipts
- $695,871
Mission and Program Overview
Mission
See Schedule O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $91,149 | $82,453 | ▼ $8,696 |
| Inventories for Sale or Use | $83,993 | $74,563 | ▼ $9,430 |
| Accounts Receivable | $25,563 | $12,485 | ▼ $13,078 |
| Prepaid Expenses and Deferred Charges | $8,845 | $9,694 | ▲ $849 |
| Land, Buildings, and Equipment, Net | $2,796 | $1,673 | ▼ $1,123 |
| Savings and Temporary Cash Investments | $100 | - | - |
| Total Assets | $216,585 | $185,007 | ▼ $31,578 |
| Other Assets Total | $4,139 | $4,139 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $40,821 | $43,130 | ▲ $2,309 |
| Mortgage Notes Payable Secured by Investment Property | $31,371 | $19,904 | ▼ $11,467 |
| Total Liabilities | $72,192 | $63,034 | ▼ $9,158 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $144,393 | $121,973 | ▼ $22,420 |
| Total Net Assets Fund Balance | $144,393 | $121,973 | ▼ $22,420 |
| Total Liabilities and Net Assets / Fund Balance | $216,585 | $185,007 | ▼ $31,578 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,673 | $18,575 | $20,248 |
| Other Assets Org | $4,139 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Catherine Shimony | Member | FT | $27,083 | $27,083 |
| Joan Shifrin | Member | FT | $27,083 | $27,083 |
Board Members and Trustees
| Name | Title |
|---|---|
| Debra Marks | Member |
| Molly Patrick Epstein | Member |
| Robin Domeniconi | Member |
| Veronique Pittman | Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $189,391
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $171,980
- All Other Contributions
- $189,391
- Change in Net Assets
- $-22,420
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $361,371
- Total Revenue per Audited Statements
- $361,371
- Total Revenue per Form 990
- $361,371
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $215,373 |
| Other Expenses | $142,577 |
| Grants and Similar Amounts Paid | $25,841 |
| Total Fundraising Expense | $11,188 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $193,836 | $15,076 | $6,461 | $215,373 |
| Foreign Grants | $25,841 | - | - | $25,841 |
| Insurance | - | $24,708 | - | $24,708 |
| Occupancy | $21,498 | $1,672 | $717 | $23,887 |
| Advertising | $18,272 | $1,142 | $3,426 | $22,840 |
| Fees for Services Accounting | $14,225 | $7,913 | - | $22,138 |
| Travel | $13,376 | - | - | $13,376 |
| Information Technology | $11,401 | $887 | $380 | $12,668 |
| Fees for Services Other | $4,240 | - | - | $4,240 |
| Depreciation Depletion | $1,011 | $112 | - | $1,123 |
| Interest | - | $1,034 | - | $1,034 |
| Other Expenses | $5,357 | $997 | $179 | $997 |
| Office Expenses | - | $417 | - | $417 |
| Total Functional Expenses | $309,813 | $62,790 | $11,188 | $383,791 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $383,791 |
| Total Expenses per Audited Statements | $383,791 |
| Total Expenses per Form 990 | $383,791 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
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
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- 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
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Conflict of interest policy compliance Part VI line 12C
“All board members and employees are required to immediately disclose any relationship that may potentially give rise to a conflict of interest.”
CEO executive director top management comp Part VI line 15A
“Compensation and potential pay raises are reviewed and evaluated by the board and management on an annual basis. Compensation levels and raises are determined by considering industry averages and cost of living adjustments.”
Other officer or key employee compensation Part VI line 15B
“Compensation and potential pay raises are reviewed and evaluated by the board and management on an annual basis. Compensation levels and raises are determined by considering industry averages and cost of living adjustments.”
Governing documents etc available to public Part VI line 19
“The financial statements are provided to the requesting party upon request. Governing documents are also provided upon request. The federal form 990 is provided upon request and is also made available on Guidestar.com, which is a website that makes available nonprofit information.”
Filing and Contact Details
Filer
- Filer Name
- Global Goods Partners Inc
- EIN
- 20-5355641
- Address
- 115 West 30th Street, New York, NY 10001
Signing Officer
- Name
- Joan Shifrin
- Title
- President
- Phone
- 9082324618
- Signed
- 2018-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Joan Shifrin
- Formed
- 2006
- Legal Domicile
- Ny
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 8
- Volunteers
- 15
Preparer
- Firm
- Ketcham & Associates LLC
- Address
- 202 Mountain Avenue, Westfield, NJ 07090
- Preparer
- Steven Ketcham CPA
- Phone
- 9082324618
Supplemental Narrative
Additional Explanations
Amended return information
“Information return has been amended to include information from audited financial statements that were completed subsequent to time of original filing.”
Explanation of other changes in net assets or fund balances Part XI line 9
“Rounding difference”
List of other fees for services expenses Part IX line 11G
“Pro-bono professional fees in the amount of $204,650 related to legal and business advisory.”
General explanation attachment
“Form 990, Part I, Line 1) Organizations mission statement - As a not-for-profit social enterprise, Global Goods Partners (GGP) is committed to providing sustainable jobs for womenwidely proven to be the key to community development and family wellbeing. In partnership with women-led, community-based organizations, GGP taps into the rich well of skill and artistry that is passed from one generation of women to the next. We invest all proceeds from product sales in developing sustainable market access as well as providing training and funding to enable our partners to prosper and thrive well into the future. Since GGP first launched in 2005, we have partnered with over 60 artisan groups in more than 20 countries throughout Asia, Africa and the Americas, helping to design and bring to market the fair trade, handcrafted products they produce. Each artisan that creates products for GGP earns reliable, fair living wages and gains experience that can add benefit to all aspects of her life.”
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 100 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 316927 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
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| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt | 1 | Sub-Saharan Africa |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt | 2 | South Asia |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Information return has been amended to include information from audited financial statements that were completed subsequent to time of original filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Management and selected board members review the 990 and the related schedules prior to submittal to the respective agencies. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All board members and employees are required to immediately disclose any relationship that may potentially give rise to a conflict of interest. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Compensation and potential pay raises are reviewed and evaluated by the board and management on an annual basis. Compensation levels and raises are determined by considering industry averages and cost of living adjustments. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Compensation and potential pay raises are reviewed and evaluated by the board and management on an annual basis. Compensation levels and raises are determined by considering industry averages and cost of living adjustments. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The financial statements are provided to the requesting party upon request. Governing documents are also provided upon request. The federal form 990 is provided upon request and is also made available on Guidestar.com, which is a website that makes available nonprofit information. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Rounding difference |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Pro-bono professional fees in the amount of $204,650 related to legal and business advisory. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Form 990, Part I, Line 1) Organizations mission statement - As a not-for-profit social enterprise, Global Goods Partners (GGP) is committed to providing sustainable jobs for womenwidely proven to be the key to community development and family wellbeing. In partnership with women-led, community-based organizations, GGP taps into the rich well of skill and artistry that is passed from one generation of women to the next. We invest all proceeds from product sales in developing sustainable market access as well as providing training and funding to enable our partners to prosper and thrive well into the future. Since GGP first launched in 2005, we have partnered with over 60 artisan groups in more than 20 countries throughout Asia, Africa and the Americas, helping to design and bring to market the fair trade, handcrafted products they produce. Each artisan that creates products for GGP earns reliable, fair living wages and gains experience that can add benefit to all aspects of her life. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Amended return information |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Explanation of other changes in net assets or fund balances Part XI line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | List of other fees for services expenses Part IX line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | General explanation attachment |
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| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/USAddress/AddressLine1Txt | 0 | 115 West 30th Street No 400 |
| IRS990/USAddress/CityNm | 0 | New York |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 10001 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | www.globalgoodspartners.org |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Joan Shifrin |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9082324618 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GLOBAL GOODS PARTNERS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GLOB |
| ReturnHeader/Filer/EIN | 0 | 205355641 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 115 West 30th Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | New York |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $185,007
- Liabilities
- $63,034
- Net assets
- $121,973
- Revenue
- $361,371
- Expenses
- $383,791
- Net income
- -$22,420