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Year, State Incorporated
1984, VA
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Stated Purpose
"to close the need gap."
Good360 aims to transform lives by providing hope, dignity and a sense of renewed possibility to individuals, families and communities impacted by disasters or other challenging life circumstances. Good360 partners with socially responsible companies to source needed goods and distribute them through its network of nonprofits that support people in need. In 2020, Good360 reports that it distributed more than $870 million in donated goods, $250 million of which was distributed specifically for COVID relief.
For the year ended December 31, 2020, Good360's program expenses were:
Product distribution |
$808,928,553 |
Total Program Expenses: |
$808,928,553 |
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Chief Executive
Romaine Seguin, Chief Executive Officer
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Compensation*
$0
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Chair of the Board
Mark White
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Chair's Profession / Business Affiliation
Chief Executive Officer, Bold City Group
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Board Size
9
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Paid Staff Size
57
*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Compensation information is not available for Ms. Seguin as she was hired in March 2022. The previous CEO, Mr. Matt Connelly, received $263,225 in 2020.
Method(s) Used:
Grant proposals, Internet, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $869,742,787 are donations received as a result of fundraising 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 Good360's audited financial statements for the year ended December 31, 2020.
Source of Funds |
Product contributions |
$861,132,522 |
Grants, contributions, and managed program fees |
$8,585,465 |
Administrative fees |
$8,265,338 |
Product sales |
$1,714,622 |
Sublease rental income |
$379,514 |
Other income |
$115,062 |
Donated services |
$24,800 |
Total Income |
$880,217,323 |
- Programs: 100%
- Fundraising: Less than 1%
- Administrative: Less than 1%
Total Income |
$880,217,323 |
Program expenses |
$808,928,553 |
Fundraising expenses |
$2,065,207 |
Administrative expenses |
$2,009,060 |
Other expenses |
$0 |
Total expenses: |
$813,002,820 |
Income in Excess of Expenses |
$67,214,503 |
Beginning Net Assets |
$24,260,967 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$91,475,470 |
Total Liabilities |
$3,689,782 |
Total Assets |
$95,165,252 |
Note: According to Good360's 2020 audited financial statements, the organization received in-kind contributions totaling $861,157,322 in the form of product donations ($861,132,522) and donated services ($24,800).