Civic Intelligence

Global for Good Fund Inc.

990 • Fiscal year 2023 • EIN 27-0467647

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileWWW.GLOBAL4GOOD.ORG
800 South Street Suite 50Waltham, MA 02454-9161

(203) 315-7171

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

96th percentile

133%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$472,218

Up $269,751 (+133%) from 2022

Net Assets

Up

$472,218

Up $269,751 (+133%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin78th percentile

Revenue

Up

$1,134,967

Up $252,649 (+29%) from 2022

Expenses

Up

$865,216

Up $50,214 (+6.2%) from 2022

Net Income

Up

$269,751

Up $202,435 (+301%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $297,314Liabilities 2010: $0Net Assets 2010: $297,3142010Assets 2015: $611,804Liabilities 2015: $0Net Assets 2015: $611,8042015Assets 2016: $1,150,843Liabilities 2016: $0Net Assets 2016: $1,150,8432016Assets 2017: $1,195,700Liabilities 2017: $0Net Assets 2017: $1,195,7002017Assets 2018: $286,568Liabilities 2018: $0Net Assets 2018: $286,5682018Assets 2019: $206,470Liabilities 2019: $2,000Net Assets 2019: $204,4702019Assets 2020: $254,026Liabilities 2020: $42,200Net Assets 2020: $211,8262020Assets 2022: $202,467Liabilities 2022: $0Net Assets 2022: $202,4672022Assets 2023: $472,218Liabilities 2023: $0Net Assets 2023: $472,2182023Assets 2024: $269,222Liabilities 2024: $0Net Assets 2024: $269,2222024

Highlighted filing

2023

Assets$472,218
Liabilities$0
Net Assets$472,218
Open 2023 Filing

Operations Trend

Revenue Growth74th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $365,3532010Revenue 2015: $815,488Expenses 2015: $947,982Net Income 2015: -$132,4942015Revenue 2016: $2,713,801Expenses 2016: $2,174,762Net Income 2016: $539,0392016Revenue 2017: $1,515,163Expenses 2017: $1,470,306Net Income 2017: $44,8572017Revenue 2018: $525,745Expenses 2018: $1,434,877Net Income 2018: -$909,1322018Revenue 2019: $589,440Expenses 2019: $671,538Net Income 2019: -$82,0982019Revenue 2020: $863,821Expenses 2020: $856,465Net Income 2020: $7,3562020Revenue 2022: $882,318Expenses 2022: $815,002Net Income 2022: $67,3162022Revenue 2023: $1,134,967Expenses 2023: $865,216Net Income 2023: $269,7512023Revenue 2024: $826,656Expenses 2024: $1,005,477Net Income 2024: -$178,8212024

Highlighted filing

2023

Revenue$1,134,967
Expenses$865,216
Net Income$269,751
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$1,820,774
Mission and Program Overview

Mission

The cfms fund foundation inc. Is a nonprofit group comprised of dedicated individuals, families, and companies whose mission is to improve and extend the lives of those affected by cystic fibrosis and multiple sclerosis.

Global for good fund, inc. (formerly the cfms fund foundation inc.) is a nonprofit organization comprised of dedicated individuals, families, and companies whose primary mission is to raise money to contribute to the cystic fibrosis fund, the national multiple sclerosis society and other worthy 501(c)3 organizations. As the new global for good fund, inc. Our goal is to keep our communities moving, growing and thriving. These pillars of support allow us to expand our charitable reach and make more of an impact in the communities where we live and work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,968$226,471▲ $58,503
Savings and Temporary Cash Investments$23,499$101,172▲ $77,673
Prepaid Expenses and Deferred Charges$7,500$96,675▲ $89,175
Accounts Receivable$3,500$47,900▲ $44,400
Total Assets$202,467$472,218▲ $269,751
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,467$472,218▲ $269,751
Total Net Assets Fund Balance$202,467$472,218▲ $269,751
Total Liabilities and Net Assets / Fund Balance$202,467$472,218▲ $269,751
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Catie KernsBoard Member
Elizabeth JohnsonBoard Member
Pj CiminiBoard Member
Sean GearyPres/secreta
Christopher DoeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,117,691
Program Service Revenue
$0
Investment Income
$1,176
Other Revenue
$16,100
All Other Contributions
$486,944
Change in Net Assets
$269,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,134,967
Revenue Not Reported on Form 990
$782,736
Total Revenue per Audited Statements
$1,917,703
Total Revenue per Form 990
$1,134,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$780,000
Other Expenses$85,216
Total Fundraising Expense$80,043
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$780,000--$780,000
Insurance-$1,287-$1,287
Office Expenses-$941-$941
Fees for Services Accounting-$638-$638
Advertising-$484-$484
Other Expenses-$119$20,994$119
Total Functional Expenses$780,000$5,173$80,043$865,216

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,647,952
Expenses per Audited Statements$865,216
Total Expenses per Form 990$865,216
Expenses Not Reported on Form 990$782,736
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cystic Fibrosis FoundationNatick, MA501c3Research$273,500
National Ms SocietyRocky Hill, CT501c3Research$266,500
Genesis Foundation for ChildrenBoston, MA501c3Medical Care$60,000
Jennifer Creed FoundationMilford, MA501c3Assistance$60,000
BOSTON CHILDREN'S HOSPITALBoston, MA501c3Stem Cell Research$40,000
Childrens TrustBoston, MA501c3Programming$20,000
Cure Rare DiseasesWoodbridge, CT501c3Research$20,000
Ma Fallen Heroes IncBoston, MA501c3Programming$20,000
Sole TrainBoston, MA501c3Programming$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$701,907
Fundraising Direct Expenses$685,807
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishing Event$564,499$371,667$22,090$349,577
Fishing/music E$403,525$212,288$22,867$189,421
Total Events$1,332,654$701,907$685,807$16,100
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
No
Audit committee
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 will be provided to the treasurer for review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The funds's conflict of interest policy is described in article 7 of the fund's bylaws and states that members of the board of directors and employees are required to disclose any conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“The compensation of the two directors is paid for by global gp llc and they are employees of global gp llc. Global for good calculates a contribution of nonfinancial assets on the financial statements to allocate a portion of their time to global for good. This amount is reported on the financial statements as both a contribution and an expense and is shown on schedule d page 4 of form 990, in the reconciliaton of revenue and expenses from the 990 to the financial statements.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Global for Good Fund Inc
EIN
27-0467647
Phone
2033157171
Address
800 SOUTH STREET SUITE 50, WALTHAM, MA 02454-9161

Signing Officer

Name
Christopher Doe
Title
Treasurer
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Geary
Formed
2009
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
20

Preparer

Firm
COMER & COMPANY CPA'S LLC
Address
61 MAIN STREET, MIDDLETOWN, CT 06457-3408
Preparer
Thomas D Comer CPA
Phone
8603462100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Global for good fund, inc. (formerly the cfms fund foundation inc.) is a nonprofit organization comprised of dedicated individuals, families, and companies whose primary mission is to raise money to contribute to the cystic fibrosis fund, the national multiple sclerosis society and other worthy 501(c)3 organizations. As the new global for good fund, inc. Our goal is to keep our communities moving, growing and thriving. These pillars of support allow us to expand our charitable reach and make more of an impact in the communities where we live and work.”

Form 990, Part XI, Line 9

“Fundraising expenses included with expenses 685,807 fundraising expenses not netted with expenses -685,807”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Fundraising expenses included with expenses 685,807”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising expenses not netted with expenses 685,807”

Raw XML AppendixShowing 400 of 462 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2STEM CELL RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4MEDICAL CARE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5PROGRAMMING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6PROGRAMMING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8PROGRAMMING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NATIONAL MS SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CYSTIC FIBROSIS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BOSTON CHILDREN'S HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3JENNIFER CREED FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4GENESIS FOUNDATION FOR CHILDREN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MA FALLEN HEROES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6SOLE TRAIN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7CURE RARE DISEASES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8CHILDRENS TRUST
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2300 LONGWOOD AVENUE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt460 TEMPLE PLACE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt74 RESEARCH DRIVE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GLOBAL FOR GOOD FUND, INC. (FORMERLY THE CFMS FUND FOUNDATION INC.) IS A NONPROFIT ORGANIZATION COMPRISED OF DEDICATED INDIVIDUALS, FAMILIES, AND COMPANIES WHOSE PRIMARY MISSION IS TO RAISE MONEY TO CONTRIBUTE TO THE CYSTIC FIBROSIS FUND, THE NATIONAL MULTIPLE SCLEROSIS SOCIETY AND OTHER WORTHY 501(C)3 ORGANIZATIONS. AS THE NEW GLOBAL FOR GOOD FUND, INC. OUR GOAL IS TO KEEP OUR COMMUNITIES MOVING, GROWING AND THRIVING. THESE PILLARS OF SUPPORT ALLOW US TO EXPAND OUR CHARITABLE REACH AND MAKE MORE OF AN IMPACT IN THE COMMUNITIES WHERE WE LIVE AND WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE PROVIDED TO THE TREASURER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUNDS'S CONFLICT OF INTEREST POLICY IS DESCRIBED IN ARTICLE 7 OF THE FUND'S BYLAWS AND STATES THAT MEMBERS OF THE BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE TWO DIRECTORS IS PAID FOR BY GLOBAL GP LLC AND THEY ARE EMPLOYEES OF GLOBAL GP LLC. GLOBAL FOR GOOD CALCULATES A CONTRIBUTION OF NONFINANCIAL ASSETS ON THE FINANCIAL STATEMENTS TO ALLOCATE A PORTION OF THEIR TIME TO GLOBAL FOR GOOD. THIS AMOUNT IS REPORTED ON THE FINANCIAL STATEMENTS AS BOTH A CONTRIBUTION AND AN EXPENSE AND IS SHOWN ON SCHEDULE D PAGE 4 OF FORM 990, IN THE RECONCILIATON OF REVENUE AND EXPENSES FROM THE 990 TO THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FUNDRAISING EXPENSES INCLUDED WITH EXPENSES 685,807 FUNDRAISING EXPENSES NOT NETTED WITH EXPENSES -685,807
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$472,218
Liabilities
$0
Net assets
$472,218
Revenue
$1,134,967
Expenses
$865,216
Net income
$269,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.83$1.01$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$1.13$0.87$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.88$0.82$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.04$0.21$0.86$0.86$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.00$0.20$0.59$0.67$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.53$1.43$0.91
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$1.52$1.47$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.00$1.15$2.71$2.17$0.54
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$0.82$0.95$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.00$0.30$0.37