Civic Intelligence

The Good Foundation

EIN 87-2551276 • 501(c)3 • Westminster, CO

RevokedPub. 78 Eligible

Profile

The Good Foundation exists to improve the health of vulnerable populations by creating sustainable livelihoods through economic empowerment. The Good Foundation operates businesses Global Thrift stores in the United States. That revenue then funds small businesses internationally among displaced people creating jobs and providing income. All revenue from business then pays operating costs and salaries and provides humanitarian aid to those in need in the areas where we work.

Revocation date: May 15, 2024

9110 W 88th AveWestminster, CO 80005

https: goodfoundation.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.48x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.04x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

88th percentile

$22,200

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

93rd percentile

115%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

8.3%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,612

Up $16,922 (+115%) from 2023

Liabilities

Up

$15,115

Up $536 (+3.7%) from 2023

Net Assets

Up

$16,497

Up $16,386 (+14762%) from 2023

Revenue

Up

$356,196

Up $27,154 (+8.3%) from 2023

Expenses

Up

$339,810

Up $1,500 (+0.4%) from 2023

Net Income

Up

$16,386

Up $25,654 (+277%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2022: $18,453Liabilities 2022: $14,012Net Assets 2022: $4,4412022Assets 2023: $14,690Liabilities 2023: $14,579Net Assets 2023: $1112023Assets 2024: $31,612Liabilities 2024: $15,115Net Assets 2024: $16,4972024

Highlighted filing

2024

Assets$31,612
Liabilities$15,115
Net Assets$16,497

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2022: $167,969Expenses 2022: $163,528Net Income 2022: $4,4412022Revenue 2023: $329,042Expenses 2023: $338,310Net Income 2023: -$9,2682023Revenue 2024: $356,196Expenses 2024: $339,810Net Income 2024: $16,3862024

Highlighted filing

2024

Revenue$356,196
Expenses$339,810
Net Income$16,386

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$356,196
Mission and Program Overview

Mission

The Good Foundation exists to improve the health of vulnerable populations by creating sustainable livelihoods through economic empowerment. The Good Foundation operates businesses Global Thrift stores in the United States. That revenue then funds small businesses internationally among displaced people creating jobs and providing income. All revenue from business then pays operating costs and salaries and provides humanitarian aid to those in need in the areas where we work.

he Good Foundation exists to improve the health of vulnerable populations by creating sustainable livelihoods through economic empowerment. The Good Foundation operates businesses Global Thrift stores in the United States. That revenue then funds small businesses internationally among displaced people creating jobs and providing income. All revenue from business then pays operating costs and salaries and provides humanitarian aid to those in need in the areas where we work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,053$23,975▲ $16,922
Cap Stk Tr Prin Current Funds$111$16,497▲ $16,386
Loans From Officers Directors$13,443$10,744▼ $2,699
Prepaid Expenses and Deferred Charges$7,637$7,637→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$14,690$31,612▲ $16,922
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$1,136$2,481▲ $1,345
Other Liabilities$0$1,890▲ $1,890
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$14,579$15,115▲ $536
Net Assets / Fund Balance
Total Net Assets Fund Balance$111$16,497▲ $16,386
Total Liabilities and Net Assets / Fund Balance$14,690$31,612▲ $16,922
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary HooperManagerFT$22,200$22,200
Jaden McNeelyDirectorPT$18,000$18,000
Shaunessy KiengDirectorPT$18,000$18,000
Christine DihleManagerPT$14,250$14,250
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$356,126
Investment Income
$70
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$16,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,938
Salaries, Compensation, and Employee Benefits$120,872
Grants and Similar Amounts Paid$35,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$150,031$0$150,031
Current Officers, Directors, Trustees, and Key Employees$0$100,191$0$100,191
Foreign Grants$35,000--$35,000
Office Expenses$0$22,750$0$22,750
Other Employee Benefits$0$20,681$0$20,681
Fees for Services Accounting$0$4,215$0$4,215
Insurance$0$3,238$0$3,238
Advertising$0$2,461$0$2,461
Fees for Services Legal$0$675$0$675
Conferences and Meetings$0$568$0$568
Total Functional Expenses$35,000$304,810$0$339,810
International Activity

International Summary

Offices
0
Employees
0
Spending
$35,000

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
Sub-Saharan AfricaGrants to recipientsMedical facilities00$34,650
South AsiaGrants to recipientsRefugee support00$350
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$13,443$10,744▼ $2,699
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales tax payable$1,696
Gift Cards Adjusted$194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Part VI, Line 2

| Employee: Relationship: Employee:| Shaunessy Kieng Family Relationship Jaden McNeely| Jaden McNeely Family Relationship Shaunessy Kieng|

Part VI, Line 11B

Preparer shares the draft with directors who review and sign the e-file form.

Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Good Foundation
EIN
87-2551276
In Care Of
% Shaunessy Kieng
Phone
3039936831
Address
9110 W 88TH AVE, WESTMINSTER, CO 80005

Signing Officer

Name
Shaunessy Kieng
Title
Director
Signed
2025-05-02

Organization Details

Formed
2022
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
1
Employees
6
Volunteers
0
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0150031
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0150031
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022750
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt022750
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020681
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020681
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
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IRS990/OtherExpensesGrp/TotalAmt20
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01890
IRS990/OtherOrganizationDsc0Foundation
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IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07637
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07637
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Shaunessy Kieng
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356126
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt036790
IRS990/PYInvestmentIncomeAmt031
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00

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