BBB Wise Giving Report for
Network for Good

BBB Wise Giving Report issued June 2010
BBB Wise Giving Report expires June 2012


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


Find out more about this charity:

Back To Top

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
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 2001, Delaware
Affiliates: Groundspring.org
Stated Purpose: "to mobilize the Internet to multiply the efforts of the philanthropic community, both by making online giving, volunteering, and speaking out on issues easy and safe and by enabling nonprofits to increase their capacity and their effectiveness."

Back To Top

Evaluation Conclusions

               

Network for Good (NfG) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

NfG is a nonprofit that allows donors to support any charity, anywhere online. NfG helps nonprofits raise funds for their missions through online fundraising services, including donation processing and email outreach tools. To foster continued growth in online giving, NfG also provides free training to nonprofits on online outreach through the site Fundraising123.org. Through partnership with corporations, NfG enables cause marketing initiatives and charitable giving solutions on company websites.

For the year ended December 31, 2009, NfG's program expenses were:

  
Program services 76,617,315
Total Program Expenses: $76,617,315
Back To Top

Governance

               

Chief Executive : Bill Strathmann, CEO
Compensation*:
 $266,339

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

Board Size: 11

Paid Staff Size: 41

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Grant proposals, and Internet appeals.
Fund raising costs were 18% of related contributions. (Related contributions, which totaled $941,818, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

               

The following information is based on NfG's audited financial statements for the year ended December 31, 2009.

Source of Funds  
Contributions to donor-advised fund 68,895,479
Other non-operating income 2,966,667
Program service revenue 2,719,459
Transaction processing income 2,718,175
Good card purchases 1,077,701
Contributions-restricted 551,000
Grants and contributions-unrestricted 390,818
Other income 310,127
Interest 120,282
Total Income $79,749,708


chart



Uses of Funds as a % of Total Expenses

Programs: 98%  Fund Raising: Less than 1%  Administrative: 2% 

Total income   $79,749,708
  Program expenses $76,617,315
  Fund raising expenses 172,484
  Administrative expenses 1,496,019
 
Total expenses   $78,285,818
Income in Excess of Expenses   1,463,890
Beginning net assets   1,504,884
Ending net assets   2,968,774
Total liabilities   27,467,578
Total assets   $30,436,352


Back To Top

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.

Send to:



What is an Accredited Charity