BBB Wise Giving Report for
Good360

BBB Wise Giving Report issued October 2011
BBB Wise Giving Report expires October 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Good360
Address: 1330 Braddock Place, Suite 600
  Alexandria, VA 22314
Phone: 703-836-2121
703-299-7528
Web Address: http://about.good360.org
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BBB Wise Giving Alliance Comments

Formerly known as:Gifts In Kind International

Year, State Incorporated: 1983, Virginia
Affiliates: None
Stated Purpose: "to fulfill the needs of nonprofits with corporate product donations.”

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Evaluation Conclusions

               

Good360 (Good360) meets the 20 Standards for Charity Accountability.
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Programs

               

Good360 is a nonprofit organization that is dedicated to fulfilling the needs of nonprofits by distributing corporate product donations around the world. The organization works with retailers and brands to provide needed products to more than 22,000 qualified nonprofit organizations. This year, Good360 will launch the latest version of its online marketplace that helps to aggregate the product needs of nonprofits and provide information about how product donations are used for the greater good. Over the last 28 years, Good360 reports that it has delivered more than $7 billion of donated products to thousands of nonprofit organizations, serving a wide spectrum of people in need.

For the year ended December 31, 2010, Good360's program expenses were:

  
Program services 345,109,983
Total Program Expenses: $345,109,983
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Governance

               

Chief Executive : Cindy Hallberlin, President and CEO
Compensation*:
 $118,635

Highest Paid Executive: Cindy Schmidlin,Chief Operating Officer
Compensation*: $155,431

Chair of the Board: Gail Aldrich
Chair's Profession / Business Affiliation: President, Aldrich Partnership

Board Size: 11

Paid Staff Size: 42

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, Internet appeals, and cause-related marketing.
Fund raising costs were less than 1% of related contributions. (Related contributions, which totaled $284,899,168, 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 Good360's audited financial statements (consolidated) for the year ended December 31, 2009.

Source of Funds  
Product contributions 282,414,487
Shipping and handling 2,980,640
Contributions 1,658,796
Registration fees 477,282
Donated services 340,746
Other income 7,857
Total Income $287,879,808


chart



Uses of Funds as a % of Total Expenses

Programs: 100%  Fund Raising: Less than 1%  Administrative: Less than 1% 

Total income   $287,879,808
  Program expenses $345,109,983
  Fund raising expenses 285,731
  Administrative expenses 1,363,998
 
Total expenses   $346,759,712
Expenses in Excess of Income   (58,879,904)
Beginning net assets   78,468,325
Ending net assets   19,588,421
Total liabilities   4,356,439
Total assets   $23,944,860


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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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