Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Goodcity
Address:	5049 W Harrison Street
	Chicago, IL 60644
Phone:	773-473-4790
Web Address:	www.goodcitychicago.org
Also known as: Goodcity NFP

Goodcity meets the 20 Standards for Charity Accountability.

Goodcity’s strategy is designed around partnerships, particularly with small nonprofits. Goodcity’s commitment is to ensure that they are trained, supported and nurtured during the vulnerable start-up period. The process usually takes between 3-5 years. Goodcity believes in taking an integrated and long-term approach to their sustainable development. To this end, Goodcity provides: Capacity Building: Goodcity takes an integrated and long-term approach to sustainable development. Program Development: Recruiting, training and nurturing of start-up organizations. Fiscal Services: Financial Management, Human Resource, and Accounting services for transparency and audits. Executive Coaching: Is motivational training that is aimed at helping entrepreneurs enhance their effectiveness to build their organizations. Workshops: Timely topics that support the growth and development of start-up organizations.

For the fiscal year ended June 30, 2010, Goodcity's program expenses were:

Program Services	1,597,026
Total Program Expenses:	$1,597,026

Chief Executive : Michael Ivers, President

Compensation*:

$124,000

Chair of the Board: Brad Wilks, Chairman of the Board
Chair's Profession / Business Affiliation: VP of Sard Verbinnen Public Relations

Co-Chair of the Board : Harold Spooner

Chair's Profession / Business Affiliation: Pastor, Covenant Compassion Ministries

Board Size: 24

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

direct mail, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements

Fund raising costs were 12% of related contributions. (Related contributions, which totaled $731,680, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Goodcity's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
grant and contract revenue	1,138,864
contributions	520,062
special events	210,872
fiscal agent revenue	86,420
program	52,688
other income	28,038
in-kind donations	746
interest income	538
Total Income	$2,038,228

Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 5%  Administrative: 5%

Total income				$2,038,228
	Program expenses			$1,597,026
	Fund raising expenses			85,593
	Administrative expenses			86,412
Total expenses				$1,769,031
Income in Excess of Expenses				269,197
Beginning net assets				641,898
Other Changes in Net Assets				(25,734)
Ending net assets				885,361
Total liabilities				147,465
Total assets				$1,032,826