BBB Wise Giving Report for
Network for Good

BBB Wise Giving Report issued May 2008
BBB Wise Giving Report expires May 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Network for Good
Address: 7920 Norfolk Avenue
Suite 520
  Bethesda, MD 20814
Phone: 866-650-4636
Web Address: www.networkforgood.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, Delaware
Affiliates: Groundspring.org
Stated Purpose: "to use the Internet to increase the flow of resources to nonprofits and to increase the ability of nonprofits to get resources for themselves."

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Evaluation Conclusions

               

Network for Good (NfG) meets the 20Standards for Charity Accountability.
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Programs

               

NfG operates an e-philanthropy and portal which enables nonprofits to receive donations via their websites. Individuals can learn more about causes and charities and donate and volunteer in their community. Nonprofits can take advantage of tools for online engagement, fundraising, and volunteer recruitment.

For the year ended December 31, 2006, NfG's program expenses were:

  
Program 38,452,870
Total Program Expenses: $38,452,870
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Governance

               

Chief Executive : Bill Strathmann, Chief Executive Officer
Compensation*:
 $255,447

Chair of the Board: Scott Case
Chair's Profession / Business Affiliation: Malaria No More

Board Size: 15

Paid Staff Size: 27

*2006 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Grant proposals, Internet appeals, and cause-related marketing.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $2,128,681, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on NfG's audited financial statements consolidated with Groundspring.org, its affiliate, for the year ended December 31, 2007.

Source of Funds  
Contributions to donor advised fund 34,350,574
Grants and contributions 1,776,118
Transaction processing income 1,223,395
Program service 1,084,033
Other income 365,693
Grants in-kind 352,563
Interest 161,976
Total Income $39,314,352


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Uses of Funds as a % of Total Expenses

Programs: 99%  Fund Raising: Less than 1%  Administrative: 1% 

Total income   $39,314,352
  Program expenses $38,452,870
  Fund raising expenses 155,499
  Administrative expenses 475,379
 
Total expenses   $39,083,748
Income in Excess of Expenses   230,604
Beginning net assets   1,738,831
Ending net assets   1,969,435
Total liabilities   15,161,235
Total assets   $17,130,670

According to NfG, the organization received $352,563 in in-kind contributions during the 2006 fiscal year, which consisted of software licenses.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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