Civic Intelligence

Good Work Institute Inc.

990 • Fiscal year 2021 • EIN 47-3091614

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

65 St James StKingston, NY 12401

(845) 481-1781

Siviq Scores

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

Liabilities / Assets

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.03x

Higher debt load relative to revenue than 48% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.6%

Higher net margin than 31% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

74th percentile

$101,671

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-1.3%

Faster asset growth than 24% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

1160%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,573,470

Down $20,812 (-1.3%) from 2020

Net Assets

Up

$1,516,654

Up $47,473 (+3.2%) from 2020

Liabilities

Down

$56,816

Down $68,285 (-55%) from 2020

Revenue

Up

$1,831,903

Up $1,686,466 (+1160%) from 2020

Expenses

Up

$1,784,430

Up $680,153 (+62%) from 2020

Net Income

Up

$47,473

Up $1,006,313 (+105%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,424,864Liabilities 2016: $12,748Net Assets 2016: $2,412,1162016Assets 2017: $2,620,598Liabilities 2017: $29,351Net Assets 2017: $2,591,2472017Assets 2020: $1,594,282Liabilities 2020: $125,101Net Assets 2020: $1,469,1812020Assets 2021: $1,573,470Liabilities 2021: $56,816Net Assets 2021: $1,516,6542021Assets 2022: $3,134,684Liabilities 2022: $35,170Net Assets 2022: $3,099,5142022Assets 2023: $2,638,749Liabilities 2023: $22,510Net Assets 2023: $2,616,2392023Assets 2024: $2,492,713Liabilities 2024: $14,790Net Assets 2024: $2,477,9232024

Highlighted filing

2021

Assets$1,573,470
Liabilities$56,816
Net Assets$1,516,654

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: -$192,010Expenses 2016: $635,546Net Income 2016: -$827,5562016Revenue 2017: $926,518Expenses 2017: $743,813Net Income 2017: $182,7052017Revenue 2020: $145,437Expenses 2020: $1,104,277Net Income 2020: -$958,8402020Revenue 2021: $1,831,903Expenses 2021: $1,784,430Net Income 2021: $47,4732021Revenue 2022: $4,161,497Expenses 2022: $2,578,637Net Income 2022: $1,582,8602022Revenue 2023: $2,681,317Expenses 2023: $3,164,592Net Income 2023: -$483,2752023Revenue 2024: $2,462,294Expenses 2024: $2,600,610Net Income 2024: -$138,3162024

Highlighted filing

2021

Revenue$1,831,903
Expenses$1,784,430
Net Income$47,473
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,831,903
Mission and Program Overview

Mission

The Good Work Institute exists to build and amplify the collective power of people to reject systems of oppression and extraction and create regenerative, just, and life-affirming communities.

To build the collective power of people to reject oppression and create communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$870,600$843,403▼ $27,197
Land, Buildings, and Equipment, Net$705,140$700,208▼ $4,932
Cash and Non-Interest-Bearing Accounts$5,227$15,316▲ $10,089
Prepaid Expenses and Deferred Charges$9,215$8,750▼ $465
Pledges and Grants Receivable$4,100$5,793▲ $1,693
Total Assets$1,594,282$1,573,470▼ $20,812
Liabilities
Unsecured Notes Loans Payable$95,611--
Accounts Payable and Accrued Expenses$29,490$56,816▲ $27,326
Total Liabilities$125,101$56,816▼ $68,285
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,440,155$1,217,502▼ $222,653
Net Assets With Donor Restrictions$29,026$299,152▲ $270,126
Total Net Assets Fund Balance$1,469,181$1,516,654▲ $47,473
Total Liabilities and Net Assets / Fund Balance$1,594,282$1,573,470▼ $20,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$657,844$54,288$712,132
Land$41,431-$41,431
Other Land Buildings$933$32,667$33,600
Equipment$0$1,828$1,828
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin DourmashkinChief Financial OfficerFT$80,973$20,698$101,671

Board Members and Trustees

NameTitle
Matt StinchcombPresident
Erica BrownDirector
Grace LodgeDirector
Nejla W LiiasDirector
Austin DuBoisSecretary
Vonda BrunstingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,794,935
Program Service Revenue
$25,138
Investment Income
$1,633
Other Revenue
$10,197
All Other Contributions
$1,592,536
Change in Net Assets
$47,473

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,831,903
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,831,903
Total Revenue per Form 990
$1,831,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,084,535
Salaries, Compensation, and Employee Benefits$579,524
Other Expenses$120,371
Total Fundraising Expense$94,062
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,068,600--$1,068,600
Other Salaries and Wages$287,950$42,703$58,505$389,158
Current Officers, Directors, Trustees, and Key Employees$76,253$15,251$10,167$101,671
Other Employee Benefits$37,066$5,168$7,975$50,209
Payroll Taxes$28,544$4,490$5,452$38,486
Depreciation Depletion$25,089$1,737$5,890$32,716
All Other Expenses$18,941$1,941$641$21,523
Fees for Services Legal$5,261$13,323-$18,584
Office Expenses$10,935$2,642$2,590$16,167
Grants to Domestic Individuals$15,935--$15,935
Fees for Services Accounting-$11,418-$11,418
Insurance$4,946$811$1,073$6,830
Occupancy$4,790$123$1,229$6,142
Fees for Services Other$2,920$919$510$4,349
Other Expenses$911$267$19$911
Travel$393$49$11$453
Advertising$25$60-$85
Total Functional Expenses$1,589,466$100,902$94,062$1,784,430

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,784,430
Total Expenses per Audited Statements$1,784,430
Total Expenses per Form 990$1,784,430
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hudsy Cooperative LCARosendale, NY501(c)(3)Fiscal sponsorship$495,000
Thrive On Network IncKingston, NY501(c)(3)Fiscal sponsorship$213,750
Kingston Food Coop IncKingston, NY-Fiscal sponsorship$200,000
Know Love Serve IncGermantown, NY-Fiscal sponsorship$159,350
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Part VI, Section A, line 8B

There are no other committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The form 990 is provided in its entirety to the board for their review and approval before submission.

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

The organization provides each officer and director with the conflict of interest policy when they are elected or appointed. The policy is also reviewed annually. If a potential conflict with any officer or director arises, the organization follows the conflict of interest policy and documents that in meeting minutes.

Form 990, Part VI, Section B, line 15

A comprehensive compensation policy that covers all staff members was reviewed and approved by the board which dictates compensation and benefit levels.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Good Work Institute Inc
EIN
47-3091614
Phone
8454811781
Address
65 St James St, Kingston, NY 12401

Signing Officer

Name
Caitlin Dourmashkin
Title
CFO
Phone
8454811781
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitlin Dourmashkin
Formed
2015
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Daniel O'Dea
Phone
5852322956
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IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt047473
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt06397
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035335
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0870600
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0843403
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01794935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0132164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0350120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01545754
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0316179
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04139152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08030
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0974
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt047153
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt025138
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03800
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03800
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75140
IRS990ScheduleA/PublicSupportTotal170Amt03148256
IRS990ScheduleA/SubstantialContributorsTotAmt0990896
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01794935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0132164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0350120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01545754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0316179
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04139152
IRS990ScheduleA/TotalSupportAmt04190105
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0657844
IRS990ScheduleD/BuildingsGrp/DepreciationAmt054288
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0712132
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01828
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01828
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01784430
IRS990ScheduleD/LandGrp/BookValueAmt041431
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041431
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0933
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033600
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01831903
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0700208
IRS990ScheduleD/TotalExpensesPerForm990Amt01784430
IRS990ScheduleD/TotalRevenuePerForm990Amt01831903
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01831903
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01784430
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015935
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Fiscal Sponsorships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/RecipientTable/CashGrantAmt0495000
IRS990ScheduleI/RecipientTable/CashGrantAmt1213750
IRS990ScheduleI/RecipientTable/CashGrantAmt2200000
IRS990ScheduleI/RecipientTable/CashGrantAmt3159350
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Fiscal sponsorship
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Fiscal sponsorship
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Fiscal sponsorship
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Fiscal sponsorship
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Hudsy Cooperative LCA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Thrive On Network Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Kingston Food Coop Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Know Love Serve Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0852855522
IRS990ScheduleI/RecipientTable/RecipientEIN1861701797
IRS990ScheduleI/RecipientTable/RecipientEIN2833427046
IRS990ScheduleI/RecipientTable/RecipientEIN3851989533
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt026 Parkcrest Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt165 Saint James Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 2481
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3228 Main Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Rosendale
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Kingston
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Kingston
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Germantown
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012472
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd112402
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd212402
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd312526
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Good Work Institute provides model C fiscal sponsorship to mission aligned organizations to support their charitable work. We have a legal agreement with all projects outlining the work that we are fiscally sponsoring. We then require a grant request detailing all work to be funded through each specific grant that we make, and we then collect an annual report at the end of the year detailing all work that has been funded throughout the year.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no other committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 is provided in its entirety to the board for their review and approval before submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization provides each officer and director with the conflict of interest policy when they are elected or appointed. The policy is also reviewed annually. If a potential conflict with any officer or director arises, the organization follows the conflict of interest policy and documents that in meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A comprehensive compensation policy that covers all staff members was reviewed and approved by the board which dictates compensation and benefit levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15

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