GOOD PROJECTS INC

EIN: 811491594 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$1,603,095
Total Expenses
$1,865,416
Total Assets
$574,888
Net Assets
$355,213
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DC
Principal Officer
DARIUS BAXTER
Phone
2022623919
Tax Period
2023-01-01 to 2023-12-31

GOOD PROJECTS INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

GOODPROJECTS DESIGNS OPPORTUNITIES FOR YOUTH AND THEIR FAMILIES TO LIVE FULFILLING LIVES, FREE FROM POVERTY AND VIOLENCE WITH IMPROVEMENTS TO THEIR HEALTH AND WELLNESS.

Program Service Accomplishments

Program 1
Expenses: $1,636,402 Revenue: $0

GOODProjects offered after-school and summer programs designed to engage youth in educ. and recreational activities. These programs aimed to provide safe environments for learning and personal...

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GOODProjects offered after-school and summer programs designed to engage youth in educ. and recreational activities. These programs aimed to provide safe environments for learning and personal growth, reducing youth involvement in criminal activities. The organization launched several health related initiatives including free health clinics, mental health workshops, and fitness classes, to improve the wellbeing of community members. These initiatives were geared towards addressing the disparities in health care access among low income families. Through community workshops, training sessions, and direct asst. programs, the organization empowered residents with tools for financial literacy, job readiness, and community leadership. These services included job fairs, financial planning workshops, and leadership development programs, aimed at fostering a resilient community spirit and economic independence. Each program was designed with the objective of fostering a supportive, healthy, and engaged community, addressing both immediate needs and long term resilience.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,603,095
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,603,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $832,171
Fundraising Expenses $182,632
Program Expenses $1,636,402
Other Expenses $1,033,245
TOTAL EXPENSES $1,865,416

Year-over-Year Comparison

2023 2022 Change
Revenue $1,603,095 $1,800,599 -0.1%
Expenses $1,865,416 $1,411,422 +0.3%
Net Income $-262,321 $389,177 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
34
Volunteers
100

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
3
$148,135
Total Directors
8
$148,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darius Baxter Executive Director 40.00
Officer Director
$148,135 $0 $148,135
Cherrelle Swain Chairwoman 1.00
Officer Director
$0 $0 $0
Jim Schumacher Treasurer 1.00
Officer Director
$0 $0 $0
Lauren Marcus Director 1.00
Director
$0 $0 $0
Dr Keena Blackmon Director 1.00
Director
$0 $0 $0
Max Snider Director 1.00
Director
$0 $0 $0
Dr Alyssa Lovegrove Director 1.00
Director
$0 $0 $0
Carlos Gray Director 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $1,603,095 $1,865,416 $574,888 $-262,321
2022 $1,800,599 $1,411,422 $701,888 $389,177
2021 $1,047,265 $937,272 $441,256 $109,993
2020 $947,229 $1,177,040 $363,921 $-229,811
2019 $1,162,464 $1,184,503 $336,748 $-22,039
2018 $1,291,551 $1,108,442 $388,490 $183,109
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