Civic Intelligence

Good Buys Foundation Inc.

990 • Fiscal year 2022 • EIN 85-1297769

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 06, 2023

Organization ProfileTHEGOODBUYS.ORG
437 Macdonough StreetBrooklyn, NY 11233

(760) 524-6842

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

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

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

2022 filings • NTEE P99 • <$500k nonprofits • Source year 2022

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2022 filings • NTEE P99 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$5,587

Down $958 (-15%) from 2021

Net Assets

Down

$5,587

Down $958 (-15%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2021

Expenses

Down

$958

Down $557 (-37%) from 2021

Net Income

Up

-$958

Up $557 (+37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$10K$5.0K$0Assets 2020: $8,060Liabilities 2020: $0Net Assets 2020: $8,0602020Assets 2021: $6,545Liabilities 2021: $0Net Assets 2021: $6,5452021Assets 2022: $5,587Liabilities 2022: $0Net Assets 2022: $5,5872022

Highlighted filing

2022

Assets$5,587
Liabilities$0
Net Assets$5,587
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0-$20KRevenue 2020: $72,506Expenses 2020: $64,446Net Income 2020: $8,0602020Revenue 2021: $0Expenses 2021: $1,515Net Income 2021: -$1,5152021Revenue 2022: $0Expenses 2022: $958Net Income 2022: -$9582022

Highlighted filing

2022

Revenue$0
Expenses$958
Net Income-$958
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Good buys is a non-profit organization connecting the fashion community through impactful social good initiatives and digital fundraising.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,545$5,587▼ $958
Rtn Earn Endowment Incm Other Fnds$6,545$5,587▼ $958
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,545$5,587▼ $958
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,545$5,587▼ $958
Total Liabilities and Net Assets / Fund Balance$6,545$5,587▼ $958
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Zohar BenjellounDirector/president
Zara RahimDirector
Natalie SypkensDirector/treasurer & Secre
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$750-$750
Other Expenses-$208-$208
Total Functional Expenses$0$958$0$958
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The foundation board of directors review certain parts of form 990. The organization's treasurer works closely with the outside tax firm it engages to prepare and review the form 990 return prior to submitting a draft to the board of directors.”

Form 990, Part VI, Section C, Line 18

“The organization makes its form 990 available upon request and as the organization matures they will post their form 990 on their website.”

Form 990, Part VI, Section C, Line 19

“While federal tax laws do not mandate the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes these document available upon request. Public requests will be considered by the board.”

Filing and Contact Details

Filer

Filer Name
Good Buys Foundation Inc
EIN
85-1297769
Phone
7605246842
Address
437 MACDONOUGH STREET, BROOKLYN, NY 11233

Signing Officer

Name
Nalalie Sypkens
Title
Treasurer
Phone
7605246842
Signed
2023-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natalie Sypkens
Formed
2020
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Schnaus Law Group
Address
PO BOX 647, PATTON, CA 92369
Preparer
Jerry Schnaus
Phone
3109822020
Raw XML Appendix263 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION BOARD OF DIRECTORS REVIEW CERTAIN PARTS OF FORM 990. THE ORGANIZATION'S TREASURER WORKS CLOSELY WITH THE OUTSIDE TAX FIRM IT ENGAGES TO PREPARE AND REVIEW THE FORM 990 RETURN PRIOR TO SUBMITTING A DRAFT TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST AND AS THE ORGANIZATION MATURES THEY WILL POST THEIR FORM 990 ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHILE FEDERAL TAX LAWS DO NOT MANDATE THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES THESE DOCUMENT AVAILABLE UPON REQUEST. PUBLIC REQUESTS WILL BE CONSIDERED BY THE BOARD.
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ReturnHeader/Filer/EIN0851297769
ReturnHeader/Filer/PhoneNum07605246842
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 647
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PATTON
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-06
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ReturnHeader/ReturnTs02023-10-09T09:42:19-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,587
Liabilities
$0
Net assets
$5,587
Revenue
$0
Expenses
$958
Net income
-$958
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$5.59$0.00$5.59$0.00$0.96$0.96
2021Detailed filing. Detailed filing data is available for this year.$6.55$0.00$6.55$0.00$1.52$1.52
2020Detailed filing. Detailed filing data is available for this year.$8.06$0.00$8.06$72.5$64.4$8.06