Good Work Institute Inc
Nonprofit profile at a glance
- EIN
- 473091614
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-PF 2020
- Location
- Kingston, NY, USA
- Phone
- 8452930622
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $2,462,294
- Expenses
- $2,600,610
- Assets
- $2,492,713
- Liabilities
- $14,790
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Vonda Brunsting (President)
Highest reported compensation
- Caitlin Dourmashkin (CFO (Through September)): $115,028 total reported compensation
- Susan Grove (CFO (Beginning September)): $65,533 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The charitable activities of the Good Work Institute are designed to strengthen collaboration; address legacies of unequal power; and encourage a transition to regenerative ecological and social systems.
What it reported doing in 2024
The projects, programs, events and activities the Good Work Institute designs, supports and conducts work with individuals, initiatives, and organizations to foster participation, resilience, and belonging. We convene and facilitate conversations, events, workshops, trainings and cohort programs; provide fiscal sponsorship and advice to aligned initiatives and emerging projects; offer accessible physical space for meetings and events; and illuminate our mission in action through a variety of communications channels. This program is supported by contributions.Continued on Schedule O.The Organization's net income can vary significantly from year to year. This is due to the Organization receiving funds earmarked for fiscally sponsored projects that are recorded as revenue in the fiscal year they are received, and then disbursed as grants to those fiscally sponsored projects as requested, which may be in a subsequent fiscal year. The annual net income can be skewed based on a mismatch in timing of the receipt and disbursement of these funds to fiscally sponsored projects. The Organization makes its audited financial statements available upon request.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 35
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.7%; rating input score 97
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: $36.29 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.7%; rating input score 100; 40th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.6%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: -0.9% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -27.4% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -11.6% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 96.7% of revenue deployed · 91.5% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.4M in reported program spending
- Leadership: top reported pay $115K · 7 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.