Civic Intelligence

Simple Generosity Foundation

990 • Fiscal year 2018 • EIN 47-5570019

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

PO Box 476Charleston, SC 29402

(843) 609-8595

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

100th percentile

8447%

Faster asset growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

2476%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,227,012

Up $2,200,955 (+8447%) from 2017

Net Assets

Up

$2,227,012

Up $2,205,016 (+10025%) from 2017

Liabilities

Down

$0

Down $4,061 (-100%) from 2017

Revenue

Up

$2,840,906

Up $2,730,617 (+2476%) from 2017

Expenses

Up

$634,308

Up $530,411 (+511%) from 2017

Net Income

Up

$2,206,598

Up $2,200,206 (+34421%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $18,898Liabilities 2016: $0Net Assets 2016: $18,8982016Assets 2017: $26,057Liabilities 2017: $4,061Net Assets 2017: $21,9962017Assets 2018: $2,227,012Liabilities 2018: $0Net Assets 2018: $2,227,0122018Assets 2019: $1,824,862Liabilities 2019: $13,685Net Assets 2019: $1,811,1772019Assets 2020: $2,837,820Liabilities 2020: $75,208Net Assets 2020: $2,762,6122020Assets 2021: $4,974,412Liabilities 2021: $15,536Net Assets 2021: $4,958,8762021Assets 2022: $2,902,105Liabilities 2022: $14,000Net Assets 2022: $2,888,1052022Assets 2024: $4,507,599Liabilities 2024: $14,589Net Assets 2024: $4,493,0102024Assets 2025: $2,817,977Liabilities 2025: $260,621Net Assets 2025: $2,557,3562025

Highlighted filing

2018

Assets$2,227,012
Liabilities$0
Net Assets$2,227,012

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $32,195Expenses 2016: $13,297Net Income 2016: $18,8982016Revenue 2017: $110,289Expenses 2017: $103,897Net Income 2017: $6,3922017Revenue 2018: $2,840,906Expenses 2018: $634,308Net Income 2018: $2,206,5982018Revenue 2019: $881,251Expenses 2019: $1,314,153Net Income 2019: -$432,9022019Revenue 2020: $6,734,552Expenses 2020: $5,775,269Net Income 2020: $959,2832020Revenue 2021: $11,150,937Expenses 2021: $9,060,098Net Income 2021: $2,090,8392021Revenue 2022: $7,447,485Expenses 2022: $9,301,300Net Income 2022: -$1,853,8152022Revenue 2024: $9,265,616Expenses 2024: $8,620,241Net Income 2024: $645,3752024Revenue 2025: $6,846,256Expenses 2025: $8,783,220Net Income 2025: -$1,936,9642025

Highlighted filing

2018

Revenue$2,840,906
Expenses$634,308
Net Income$2,206,598
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$5,337,372
Mission and Program Overview

Mission

The goodcoin foundation's mission is to assist and financially support charitable organizations that seek to engage the next generation of philanthropists through the use of social media and other emerging communication tools.

The goodcoin foundation encourages social betterment through giving to a variety of causes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,208,269-
Savings and Temporary Cash Investments$26,057--
Cash and Non-Interest-Bearing Accounts-$16,139-
Accounts Receivable-$2,604-
Total Assets$26,057$2,227,012▲ $2,200,955
Liabilities
Other Liabilities$3,296--
Grants Payable$765--
Total Liabilities$4,061$0▼ $4,061
Net Assets / Fund Balance
Unrestricted Net Assets$12,003$2,227,012▲ $2,215,009
Temporarily Rstr Net Assets$9,993--
Total Net Assets Fund Balance$21,996$2,227,012▲ $2,205,016
Total Liabilities and Net Assets / Fund Balance$26,057$2,227,012▲ $2,200,955
Compensation and Service Providers

Board Members and Trustees

NameTitle
George StevensPresident/ce
Jeni Rone BeckerDirector
Leo V WilliamsDirector
Martina BuchalDirector
Aref AltawamSecretary
Thomas GainorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,746,592
Program Service Revenue
$89,658
Investment Income
$4,656
Other Revenue
$0
All Other Contributions
$2,746,592
Change in Net Assets
$2,206,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,840,906
Revenue Not Reported on Form 990
$-5,187
Total Revenue per Audited Statements
$2,835,719
Total Revenue per Form 990
$2,840,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$556,714
Other Expenses$77,594
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$548,502--$548,502
Information Technology$65,655$1,488-$67,143
Office Expenses$8,628$1,124-$9,752
Foreign Grants$8,212--$8,212
Insurance-$574-$574
Fees for Services Accounting-$125-$125
Total Functional Expenses$630,997$3,311$0$634,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$634,308
Total Expenses per Audited Statements$634,308
Total Expenses per Form 990$634,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tipping PointSan Francisco, CA501c3General Support$110,637
Shania Kids CanNew York, NY501c3General Support$41,941
HeadcountNew York, NY501c3General Support$23,765
Houston Food BankHouston, TX501c3General Support$22,199
The Archer School for GirlsLos Angeles, CA501c3General Support$20,000
Napa and Sonoma ReliefSan Francisco, CA501c3General Support$19,904
Melting Pot Foundation USA IncBrooklyn, NY501c3General Support$19,040
American Friends of the LouvreNew York, NY501c3General Support$14,250
San Francisco Zoological SocietySan Francisco, CA501c3General Support$14,172
Team RubiconLos Angeles, CA501c3General Support$8,979
American National Red CrossBoone, IA501c3General Support$8,948
Feeding South FloridaPembroke Park, FL501c3General Support$7,542
The Edible Schoolyard ProjectBerkeley, CA501c3General Support$6,797
South Florida Wildlife Center IncFort Lauderdale, FL501c3General Support$5,617
Big Brothers Big SistersAtlanta, GA501c3General Support$5,586
Humane Society of Greater MiamiNorth Miami Beach, FL501c3General Support$5,358
Women in Distress of Broward CountyLighthouse Point, FL501c3General Support$5,132
MIAMI CHILDREN'S HOSPITALMiami, FL501c3General Support$5,130
Sundance InstitutePark City, UT501c3General Support$5,100

International Summary

Spending
$8,212

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
EuropeProgram ServicesGrantmaking--$8,212
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
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, Page 6, Part VI, Line 11B

Reviewing the 990 form is a seperate agenda item of the annual meeting of the board and is reviewed line by line.

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

Potential conflicts of interest are reviewed at each meeting of the board.

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

The goodcoin foundation is an entirely volunteer-led and run organization.

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

There are no paid employees.

Form 990, Page 6, Part VI, Line 17

Louisiana, maine, maryland, michigan, minnesota, mississippi, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, vermont, washington, west virginia, wisconsin

Form 990, Page 6, Part VI, Line 19

The documments are available upon request.

Filing and Contact Details

Filer

Filer Name
Goodcoin Foundation
EIN
47-5570019
Phone
8436098595
Address
PO BOX 476, CHARLESTON, SC 29402
Doing Business As
The Goodcoin Foundation

Signing Officer

Name
George Stevens
Title
President/CEO
Phone
8436098595
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Stevens
Formed
2015
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
35

Preparer

Firm
Glaser and Company LLC
Address
149 E BAY ST SUITE 200, CHARLESTON, SC 29401-3134
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

The goodcoin foundation facilitated new employee loyalty programs at for- profit companies resulting in new money for charities.

Form 990, Page 2, Part III, Line 4D

The goodcoin foundation provided coaching, brand positioning, technical advice, and a new source of funding to small charities associated with the corporate giving programs of several brand-name, fortune 500 companies and financial services companies (the latter ranging from local banks to large bankcard processing systems). These funding opportunities benefit small nonprofits by giving them exposure and visible connection to well-respected businesses. These connections would not have been made for these small community-based charitable organizations without the goodcoin foundation.

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IRS990/ReconcilationRevenueExpnssAmt02206598
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010627
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026057
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04025
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt04025
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02746592
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0105289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031547
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02883428
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07741
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07741
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt089658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt095306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07741
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt049385
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt045360
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt045360
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0110289
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IRS990ScheduleA/Total509Grp/TotalAmt02978734
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IRS990ScheduleD/DonorAdvisedFundsHeldCnt06
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IRS990ScheduleD/ExpensesSubtotalAmt0634308
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5187
IRS990ScheduleD/RevenueNotReportedAmt0-5187
IRS990ScheduleD/RevenueSubtotalAmt02840906
IRS990ScheduleD/TotalExpensesPerForm990Amt0634308
IRS990ScheduleD/TotalRevenuePerForm990Amt02840906
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02835719
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0634308
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
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IRS990ScheduleF/SubtotalSpentAmt08212
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS MADE BY THE GOODCOIN FOUNDATION ARE UNRESTRICTED. WE MONITOR THE SOCIAL MEDIA, WEBSITE, AND LOCAL NEWS MEDIA FOR INFORMATION ON THE ACTIVITIES OF THE FOREIGN CHARITIES TO DETERMINE IF THERE IS ANY CHANGE IN MISSION.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1EUROPE 8,212 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleI/RecipientTable/CashGrantAmt014172
IRS990ScheduleI/RecipientTable/CashGrantAmt123765
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt35586
IRS990ScheduleI/RecipientTable/CashGrantAmt46797
IRS990ScheduleI/RecipientTable/CashGrantAmt55358
IRS990ScheduleI/RecipientTable/CashGrantAmt6110637
IRS990ScheduleI/RecipientTable/CashGrantAmt719904
IRS990ScheduleI/RecipientTable/CashGrantAmt841941
IRS990ScheduleI/RecipientTable/CashGrantAmt97542
IRS990ScheduleI/RecipientTable/CashGrantAmt105130
IRS990ScheduleI/RecipientTable/CashGrantAmt1114250
IRS990ScheduleI/RecipientTable/CashGrantAmt125617
IRS990ScheduleI/RecipientTable/CashGrantAmt1322199
IRS990ScheduleI/RecipientTable/CashGrantAmt148979
IRS990ScheduleI/RecipientTable/CashGrantAmt1519040
IRS990ScheduleI/RecipientTable/CashGrantAmt168948
IRS990ScheduleI/RecipientTable/CashGrantAmt175100
IRS990ScheduleI/RecipientTable/CashGrantAmt185132
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SAN FRANCISCO ZOOLOGICAL SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HEADCOUNT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE ARCHER SCHOOL FOR GIRLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3BIG BROTHERS BIG SISTERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4THE EDIBLE SCHOOLYARD PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5HUMANE SOCIETY OF GREATER MIAMI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6TIPPING POINT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7NAPA AND SONOMA RELIEF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8SHANIA KIDS CAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9FEEDING SOUTH FLORIDA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10MIAMI CHILDREN'S HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11AMERICAN FRIENDS OF THE LOUVRE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12SOUTH FLORIDA WILDLIFE CENTER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13HOUSTON FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14TEAM RUBICON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt15MELTING POT FOUNDATION USA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt16AMERICAN NATIONAL RED CROSS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt17SUNDANCE INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt18WOMEN IN DISTRESS OF BROWARD COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0OF METRO ATLANTA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt1FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0941429538
IRS990ScheduleI/RecipientTable/RecipientEIN1770626772
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IRS990ScheduleI/RecipientTable/RecipientEIN18591592524
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 ZOO ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1104 W 29TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt211725 W SUNSET BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31382 PEACHTREE STREET NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41517 SHATTUCK AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt516101 WEST DIXIE HIGHWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6220 MONTGOMERY STREET SUITE 850
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7220 MONTGOMERY STREET SUITE 850
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8250 W 57TH ST STE 1101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt92501 SW 32 TERRACE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt103000 SW 62 AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11305 EAST 47TH STREET 10TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt123200 SW 4TH AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13535 PORTWALL STREET

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