Civic Intelligence

Global Goods Partners Inc

990 • Fiscal year 2019 • EIN 20-5355641

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

650 1st AvenueNew York, NY 10016

(212) 461-3647

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$159,465

Flat from 2019

Net Assets

Down

$61,893

Down $18,500 (-23%) from 2019

Liabilities

Up

$97,572

Up $18,500 (+23%) from 2019

Revenue And Expenses

Revenue

Down

$290,051

Down $18,500 (-6.0%) from 2019

Expenses

Flat

$361,889

Flat from 2019

Net Income

Down

-$71,838

Down $18,500 (-35%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $256,696Liabilities 2010: $18,885Net Assets 2010: $237,8112010Assets 2011: $224,671Liabilities 2011: $17,016Net Assets 2011: $207,6552011Assets 2012: $246,604Liabilities 2012: $17,293Net Assets 2012: $229,3112012Assets 2013: $285,148Liabilities 2013: $63,001Net Assets 2013: $222,1472013Assets 2014: $425,819Liabilities 2014: $132,307Net Assets 2014: $293,5122014Assets 2015: $406,244Liabilities 2015: $119,993Net Assets 2015: $286,2512015Assets 2016: $216,585Liabilities 2016: $72,192Net Assets 2016: $144,3932016Assets 2017: $194,854Liabilities 2017: $72,639Net Assets 2017: $122,2152017Assets 2018: $178,742Liabilities 2018: $45,930Net Assets 2018: $132,8122018Assets 2019: $159,465Liabilities 2019: $97,572Net Assets 2019: $61,8932019Assets 2019: $159,465Liabilities 2019: $79,072Net Assets 2019: $80,3932019Assets 2020: $158,594Liabilities 2020: $97,572Net Assets 2020: $61,0222020Assets 2021: $230,149Liabilities 2021: $81,400Net Assets 2021: $148,7492021Assets 2022: $442,126Liabilities 2022: $82,407Net Assets 2022: $359,7192022Assets 2023: $417,416Liabilities 2023: $19,605Net Assets 2023: $397,8112023Assets 2024: $459,130Liabilities 2024: $23,735Net Assets 2024: $435,3952024Assets 2025: $336,816Liabilities 2025: $26,428Net Assets 2025: $310,3882025

Highlighted filing

2019

Assets$159,465
Liabilities$97,572
Net Assets$61,893

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $193,4872010Revenue 2011: $189,932Expenses 2011: $220,087Net Income 2011: -$30,1552011Revenue 2012: $293,622Expenses 2012: $271,966Net Income 2012: $21,6562012Expenses 2013: $352,6772013Revenue 2014: $427,950Expenses 2014: $356,585Net Income 2014: $71,3652014Revenue 2015: $464,789Expenses 2015: $472,049Net Income 2015: -$7,2602015Revenue 2016: $537,056Expenses 2016: $680,832Net Income 2016: -$143,7762016Revenue 2017: $372,508Expenses 2017: $394,686Net Income 2017: -$22,1782017Revenue 2018: $402,420Expenses 2018: $391,581Net Income 2018: $10,8392018Revenue 2019: $290,051Expenses 2019: $361,889Net Income 2019: -$71,8382019Revenue 2019: $308,551Expenses 2019: $361,889Net Income 2019: -$53,3382019Revenue 2020: $361,018Expenses 2020: $361,889Net Income 2020: -$8712020Revenue 2021: $426,991Expenses 2021: $276,954Net Income 2021: $150,0372021Revenue 2022: $504,668Expenses 2022: $293,698Net Income 2022: $210,9702022Revenue 2023: $372,884Expenses 2023: $334,792Net Income 2023: $38,0922023Revenue 2024: $414,990Expenses 2024: $377,406Net Income 2024: $37,5842024Revenue 2025: $307,048Expenses 2025: $432,055Net Income 2025: -$125,0072025

Highlighted filing

2019

Revenue$290,051
Expenses$361,889
Net Income-$71,838
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.1
Gross Receipts
$590,338
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$76,179$78,525▲ $2,346
Accounts Receivable$15,486$44,881▲ $29,395
Cash and Non-Interest-Bearing Accounts$78,278$22,330▼ $55,948
Loans From Officers Directors-$18,500-
Prepaid Expenses and Deferred Charges$7,807$9,290▲ $1,483
Land, Buildings, and Equipment, Net$550--
Total Assets$183,822$159,465▼ $24,357
Other Assets Total$5,522$4,439▼ $1,083
Liabilities
Accounts Payable and Accrued Expenses$37,221$53,122▲ $15,901
Deferred Revenue-$25,950-
Mortgage Notes Payable Secured by Investment Property$12,870--
Total Liabilities$50,091$97,572▲ $47,481
Net Assets / Fund Balance
Unrestricted Net Assets$133,731$61,893▼ $71,838
Total Net Assets Fund Balance$133,731$61,893▼ $71,838
Total Liabilities and Net Assets / Fund Balance$183,822$159,465▼ $24,357

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$20,248$20,248
Other Assets Org$50--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$127,484
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$162,567
All Other Contributions
$127,484
Change in Net Assets
$-71,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$202,452
Other Expenses$143,123
Grants and Similar Amounts Paid$16,314
Total Fundraising Expense$4,974
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,920$16,880-$168,800
Advertising$46,005--$46,005
Occupancy$20,724$5,181-$25,905
Other Employee Benefits$16,753$4,188-$20,941
Grants to Domestic Orgs$16,314--$16,314
Fees for Services Accounting-$16,125-$16,125
Payroll Taxes$10,169$2,542-$12,711
Travel$8,306--$8,306
Insurance-$6,524-$6,524
Information Technology-$5,432-$5,432
Office Expenses-$4,081-$4,081
Other Expenses$2,379$2,133$4,974$2,133
Fees for Services Other-$2,047-$2,047
Depreciation Depletion-$550-$550
Interest-$37-$37
Total Functional Expenses$285,894$71,021$4,974$361,889
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
Loans from Officers, Directors, Trustees, and Key Employees-$18,500-
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 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

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.

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
650 1st Avenue, New York, NY 10016

Signing Officer

Name
Joan Shifrin
Title
President
Phone
9082324618
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Shifrin
Formed
2006
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
10

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 that was not available at the time of original filing and to include changes in the financial statements due to audit engagement.

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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Shifrin and Shimony
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Information return has been amended to include information that was not available at the time of original filing and to include changes in the financial statements due to audit engagement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management and selected board members review the 990 and the related schedules prior to submittal to the respective agencies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All board members and employees are required to immediately disclose any relationship that may potentially give rise to a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation 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/ExplanationTxt4Compensation 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/ExplanationTxt5The 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/ExplanationTxt6Rounding difference
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Pro-bono professional fees in the amount of $204,650 related to legal and business advisory.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Form 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/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8General explanation attachment
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 West 30th Street No 400
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
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IRS990/WebsiteAddressTxt0www.globalgoodspartners.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joan Shifrin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09082324618
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBAL GOODS PARTNERS INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0205355641
ReturnHeader/Filer/USAddress/AddressLine1Txt0650 1st Avenue
ReturnHeader/Filer/USAddress/CityNm0New York

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.37$0.26$3.10$3.07$4.32$1.25
2024Detailed filing. Detailed filing data is available for this year.$4.59$0.24$4.35$4.15$3.77$0.38
2023Detailed filing. Detailed filing data is available for this year.$4.17$0.20$3.98$3.73$3.35$0.38
2022Detailed filing. Detailed filing data is available for this year.$4.42$0.82$3.60$5.05$2.94$2.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.81$1.49$4.27$2.77$1.50
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.98$0.61$3.61$3.62$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.59$0.98$0.62$2.90$3.62$0.72
2019Detailed filing. Detailed filing data is available for this year.$1.59$0.79$0.80$3.09$3.62$0.53
2018Detailed filing. Detailed filing data is available for this year.$1.79$0.46$1.33$4.02$3.92$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.73$1.22$3.73$3.95$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.72$1.44$5.37$6.81$1.44
2015Detailed filing. Detailed filing data is available for this year.$4.06$1.20$2.86$4.65$4.72$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.26$1.32$2.94$4.28$3.57$0.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.63$2.22$3.53
2012Summary only. Only limited summary data is available for this year.$2.47$0.17$2.29$2.94$2.72$0.22
2011Summary only. Only limited summary data is available for this year.$2.25$0.17$2.08$1.90$2.20$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$0.19$2.38$1.93
Peer Organizations

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