GoodWeave International

EIN: 522042014 501(c)(3) International Affairs

Washington, DC

Total Revenue
$2,748,572
Total Expenses
$3,025,344
Total Assets
$2,727,696
Net Assets
$2,329,437
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
DC
Principal Officer
Jonathan Jacoby
Phone
2022349050
Tax Period
2024-01-01 to 2024-12-31

GoodWeave International, founded in 1996, is a community nonprofit in the International Affairs sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

GoodWeave works to stop child labor in global supply chains. Permanently.

Program Service Accomplishments

Program 1
Expenses: $445,898

GoodWeave is disrupting the cycles of child labor, forced labor, modern slavery, poverty, gender inequality, and adverse climate impacts through the following interrelated strategies:Harness Market...

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GoodWeave is disrupting the cycles of child labor, forced labor, modern slavery, poverty, gender inequality, and adverse climate impacts through the following interrelated strategies:Harness Market Forces: From the garment factories of Bangladesh to the artisanal cobalt mines of the Democratic Republic of the Congo, there are an estimated 138 million child laborers in the world today. GoodWeave employs a market-driven model to end child and forced labor. By establishing partnerships with brands and retailers and increasing consumer preference for certified, child-labor-free products in North America, Europe, and other markets worldwide, the organization can inspect and monitor more supply chains and protect more at-risk children and workers. See Schedule O for Continuation

Program 2
Expenses: $461,842 Revenue: $815,548

Establish Transparent and Clean Supply Chains:Inspection, Monitoring and Certification:GoodWeave certification offers the best assurance that rugs and home textile products are made without the use...

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Establish Transparent and Clean Supply Chains:Inspection, Monitoring and Certification:GoodWeave certification offers the best assurance that rugs and home textile products are made without the use of child and forced labor. GoodWeave's inspection system is the only one that reaches all levels of the supply chain, including and especially informal manufacturing sites. In 2024, GoodWeave's national inspection teams in South Asia reached 126,743 workers through monitoring visits to facilities, which also resulted in 1.15 million rugs and home textiles certified as child-labor-free. See Schedule O for Continuation

Program 3
Expenses: $718,119

Create Educational Opportunities for Children: In 2024, GoodWeave directly provided educational opportunities to 37,815 children. GoodWeave teams in India and Nepal have continued to innovate program...

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Create Educational Opportunities for Children: In 2024, GoodWeave directly provided educational opportunities to 37,815 children. GoodWeave teams in India and Nepal have continued to innovate program design, introducing education programs ranging from daycare and other early childhood education in Nepal to entire Child Friendly Communities (or CFCs) in dozens of informal worker communities across northern India. While the implementation model, scope, and scale varies from community to community, the strategy behind CFCs remains the same. These programs are designed with input from survivors of child labor and those proximate to community needs in order to serve at-risk children and workers and tackle the root causes of labor abuse.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,918,017
Program Service Revenue $815,548
Investment Income $7,509
Other Revenue $7,498
TOTAL REVENUE $2,748,572

Expense Breakdown

Grants Paid $500,901
Salaries & Benefits $1,326,374
Fundraising Expenses $259,779
Program Expenses $2,350,532
Other Expenses $1,181,004
TOTAL EXPENSES $3,025,344

Year-over-Year Comparison

2024 2023 Change
Revenue $2,748,572 $1,720,086 +0.6%
Expenses $3,025,344 $3,367,528 -0.1%
Net Income $-276,772 $-1,647,442 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
11
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$337,748
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Millard Chair (until Mar 2024) 1.00
Officer Director
$0 $0 $0
Samir Goswami Treasurer 1.00
Officer Director
$0 $0 $0
Michelle Cross Fenty Secretary, Co-Chair (post Mar 2024) 1.00
Officer Director
$0 $0 $0
Shamarukh Mohiuddin Director, Co-Chair (post Mar 2024) 1.00
Officer Director
$0 $0 $0
Shilpa Nadhan Director, Secretary (post Mar 2024) 1.00
Officer Director
$0 $0 $0
Pharis Harvey Emeritus Director 1.00
Director
$0 $0 $0
Siddharth Kara Director 1.00
Director
$0 $0 $0
Regatte Venkat Reddy Director 1.00
Director
$0 $0 $0
Alissandra Aronow Director 1.00
Director
$0 $0 $0
Chip Lyons Director 1.00
Director
$0 $0 $0
Jacqueline Larson Director 1.00
Director
$0 $0 $0
Chavi Keeney Nana Director 1.00
Director
$0 $0 $0
Kalpana Sankar Director 1.00
Director
$0 $0 $0
Jonathan Jacoby CEO 40.00
Officer
$195,700 $5,871 $201,571
Cyndi Janetzko CFO 32.00
Officer
$121,374 $14,803 $136,177
Daniel Cady Assistant Controller 40.00
Highest
$106,541 $9,715 $116,256
Gweneth Langdon Director of Standards 40.00
Highest
$111,956 $12,308 $124,264
Hermon Puryear Dir. of Business Engagement 40.00
Highest
$129,430 $11,640 $141,070
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,748,572 $3,025,344 $2,727,696 $-276,772
2023 $1,720,086 $3,367,528 $2,949,532 $-1,647,442
2022 $1,828,342 $3,340,217 $4,387,152 $-1,511,875
2021 $2,932,412 $3,429,262 $6,013,211 $-496,850
2020 $3,856,970 $3,165,447 $6,448,264 $691,523
2019 $5,943,906 $4,116,068 $6,191,552 $1,827,838
2018 $4,296,048 $3,984,429 $4,102,580 $311,619
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