2024-11-13T20:07:10-06:00 2023-12-31 953309779 GURSEY SCHNEIDER LLP 2121 AVENUE OF THE STARS SUITE 1300 LOS ANGELES CA 90067 990 2023-07-01 030552976 GOOD INSTITUTE GOOD 3109093611 PO BOX 1606 EL CERRITO CA 94530 KAREN JOHNS CEO 3109093611 2024-11-12 1 1 NAZ AFSHAR P00441843 3105520960 2023 2024-10-15 13:58:12Z X KAREN JOHNS PO BOX 1606 EL CERRITO CA 94530 1141006 0 X HTTPS://GOODINSTITUTE.ORG/MAIN X 1993 CA THE GOOD INSTITUTE IS A GLOBAL NONPROFIT THAT AIMS TO LEVERAGE BUSINESS, SCIENCE AND MEDIA AS TRANSFORMATIONAL FORCES FOR GOOD THROUGH PLATFORMS, PROGRAMS AND PARTNERSHIPS. 12 12 23 5 0 0 3085419 820151 708068 319880 6267 975 345893 0 4145647 1141006 93100 5000 0 0 2174641 556713 0 0 94952 2520786 1010595 4788527 1572308 -642880 -431302 1224807 922214 841989 970698 382818 -48484 X SEE SCHEDULE O. 0 0 795117 1058848 THOUGHT LEADERSHIP: THROUGH PUBLICATIONS, CONTENT, EVENTS, AND MORE, GOOD INSTITUTE SERVES AS THOUGHT PARTNER ACROSS VARIOUS SOCIAL AND ENVIRONMENTAL ISSUES. INITIATIVES WITH PARTNERS SUCH AS MEIER, FORD FOUNDATION, LEAPS BY BAYER, AND MORE AIM TO EMPOWER SOCIALLY RESPONSIBLE ORGANIZATIONS AND INDIVIDUALS TO ADDRESS IMPORTANT ISSUES, DRIVE SOCIAL ACTION AND REIMAGINE THE POSSIBILITIES FOR OUR SHARED FUTURE. GOOD INSTITUTE, ITS PLATFORMS AND PROGRAMS REACH MORE THAN 100+K PEOPLE ANNUALLY. 77545 5000 50000 STUDENT PROGRAMS & CHAPTER ENGAGEMENT: GOOD INSTITUTE DEVELOPS AND HOSTS PROGRAMS AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR THE NET IMPACT COMMUNITY AND MANY OTHERS AROUND THE WORLD. PROGRAMS ENGAGE THOUSANDS OF UNDERGRADUATE AND GRADUATESTUDENTS, AS WELL AS PROFESSIONALS, ON A VARIETY OF TOPICSINCLUDING CLIMATE ACTION, CORPORATE SUSTAINABILITY, CIVIC ENGAGEMENT, AND MORE, AIMED TO DEVELOP AND ACTIVATE EMPOWERED MEMBERS OF THE GLOBAL WORKFORCE WHO LEVERAGE THEIR SKILLS AND CAREERS TO DRIVE TRANSFORMATIONAL CHANGE FOR PEOPLE AND PLANET. ~86+% OF PARTICIPANTS REPORT THEY GAINED KNOWLEDGE/SKILLS/CONNECTIONS FOR CAREER GOALS, ~75+% REPORTED FEELING BETTER EQUIPPED TO MAKE CHANGE. THE NET IMPACT GLOBAL COMMUNITY IS COMPRISED OF 300+ CAMPUS AND PROFESSIONAL CHAPTERS. NET IMPACT EDUCATES AND CONNECTS EMERGING LEADERS AROUND THE GLOBE TO DRIVE SOCIAL AND ENVIRONMENTAL CHANGE THROUGHOUT THEIR EDUCATION AND CAREERS. CHAPTERS HOST APPROXIMATELY 4,000 NETWORKING, EDUCATIONAL, AND COMMUNITY SERVICE EVENTS AND PROJECTS ANNUALLY, MANY OF WHICH ARE OPEN TO THE PUBLIC. NET IMPACT'S CHAPTERS DO NOT MEET THE DEFINITION OF LOCAL CHAPTERS OR AFFILIATES FOR PART VI, QUESTION 10A ON FORM 990 AS THE ORGANIZATION DOES NOT HAVE FINANCIAL OR PROGRAMMATIC OVERSIGHT OF LOCAL CHAPTERS. 306540 THE ORGANIZATION IS HOME TO NET IMPACT, A GLOBAL COMMUNITY OF 300+ CAMPUS AND PROFESSIONAL CHAPTERS. NET IMPACT EDUCATES AND CONNECTS EMERGING LEADERS AROUND THE GLOBE TO DRIVE SOCIAL AND ENVIRONMENTAL CHANGE THROUGHOUT THEIR EDUCATION AND CAREERS. CHAPTERS HOST APPROXIMATELY 4,000 NETWORKING, EDUCATIONAL, AND COMMUNITY SERVICE EVENTS AND PROJECTS ANNUALLY, MANY OF WHICH ARE OPEN TO THE PUBLIC. NET IMPACT'S CHAPTERS DO NOT MEET THE DEFINITION OF LOCAL CHAPTERS OR AFFILIATES FOR PART VI, QUESTION 10A ON FORM 990 AS THE ORGANIZATION DOES NOT HAVE FINANCIAL OR PROGRAMMATIC OVERSIGHT OF LOCAL CHAPTERS. 1179202 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BEKKA PODGORSKI 4154954230 1333 BROADWAY SUITE 250 OAKLAND CA 94612 JENNIFER SILBERMAN CHAIR 1.00 X X 0 0 0 BRIAN GRIFFITH TREASURER 1.00 X X 0 0 0 M RANDALL STRICKLAND SECRETARY 1.00 X X 0 0 0 JOHN DAVIES DIRECTOR 1.00 X 0 0 0 SUZANNE FALLENDER DIRECTOR 1.00 X 0 0 0 YUSUF GEORGE DIRECTOR 1.00 X 0 0 0 STUART HART DIRECTOR 1.00 X 0 0 0 MARY JANE MCQUILLEN DIRECTOR 1.00 X 0 0 0 ASHEEN PHANSEY DIRECTOR 1.00 X 0 0 0 MOHAN SIVALOGANATHAN DIRECTOR 1.00 X 0 0 0 VALERIE SMITH DIRECTOR 1.00 X 0 0 0 JOE WINNEY DIRECTOR 1.00 X 0 0 0 MEGAN SHEA INTERIM CEO 40.00 X 0 0 0 KAREN JOHNS CEO 40.00 X 120271 0 0 120271 0 0 1 0 0 0 0 4250 815901 820151 PROGRAM SERVICES 900099 305000 305000 JOB BOARD REVENUE 900099 14880 14880 319880 975 975 1141006 319880 0 975 X 5000 5000 311564 245571 41802 24191 196123 154582 26313 15228 15945 12568 2139 1238 33081 26074 4438 2569 622906 433946 143801 45159 94585 90346 4239 47857 37722 6420 3715 54370 21955 32415 113963 82304 31659 7809 6155 1048 606 10250 8079 1375 796 10172 8017 1365 790 PRIZES AND CAMPAIGNS 40187 40187 TELEPHONE AND INTERNET 7365 5805 988 572 BANK CHARGES 1131 891 152 88 1572308 1179202 298154 94952 301414 770351 480159 6260 298550 1566 94395 43420 40958 61500 51250 20500 10250 79198 0 1224807 922214 355287 173114 392682 485084 94020 312500 841989 970698 X 58597 -48484 324221 0 382818 -48484 1224807 922214 -431302 0 X X 0 0 0 X 2752248 3043055 3422720 3085419 820151 13123593 771903 396648 625579 708968 319880 2822978 3524151 3439703 4048299 3794387 1140031 15946571 2161683 2623860 2525942 2207319 754598 10273402 582604 288590 871194 2161683 2623860 2525942 2789923 1043188 11144596 4801975 75020 74564 3459 352160 975 506178 75020 74564 3459 352160 975 506178 3599171 3514267 4051758 4146547 1141006 16452749 0.29190 0.37120 0.03080 0.02900 X PART III, SHORT YEAR EXPLANATION: GOOD INSTITUTE HAS CHANGED ACCOUNTING PERIOD UNDER REVENUE PROCEDURE 85-58 RULES. THE ACCOUNTING PERIOD CHANGED FROM FISCAL YEAR ENDING 6/30 TO CALENDAR YEAR ENDING 12/31. A SHORT YEAR 7/01/23 - 12/31/23 IS BEING FILED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61500 51250 10250 10250 LINE OF CREDIT 312500 312500 1141006 0 1141006 0 1141006 1572308 0 1572308 0 1572308 1 SAKINAH BIBBINS GARCIA VARIOUS VARIOUS CA 99999 0 0 27500 -27500 JEFF WILKLOW VARIOUS VARIOUS CA 99999 0 0 60035 -60035 87535 -87535 1 PRIZE MONEY 1 5000 X X 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 32B: NOT APPLICABLE. SCHEDULE M LINE 31: THE FOLLOWING POLICIES GOVERN THE ACCEPTANCE OF GIFTS MADE TO GOOD INSTITUTE, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, FOR PURPOSES THAT WILL HELP GOOD INSTITUTE FURTHER ITS CHARITABLE MISSION. PURPOSE-THE PURPOSE OF THIS GIFT ACCEPTANCE POLICY IS TO GOVERN ACCEPTANCE OF GIFTS AND TO PROVIDE GUIDANCE TO DONORS AND THEIR PROFESSIONAL ADVISORS IN COMPLETING GIFTS. DONOR'S USE OF LEGAL COUNSEL-GOOD INSTITUTE SHALL ENCOURAGE A DONOR TO SEEK HIS OR HER OWN LEGAL COUNSEL ABOUT ANY LEGAL AND TAX CONSEQUENCES TO THE DONOR RESULTING FROM A GIFT TO GOOD INSTITUTE. GOOD INSTITUTE SHALL NOT PROVIDE LEGAL ADVICE TO ANY DONOR. ORGANIZATION'S USE OF LEGAL COUNSEL-GOOD INSTITUTE SHALL SEEK THE ADVICE OF LEGAL COUNSEL OR OTHER QUALIFIED PROFESSIONAL ADVISOR IN MATTERS RELATED TO THE ACCEPTANCE OF A GIFT, PRIOR TO SUCH ACCEPTANCE, WHEN APPROPRIATE. REVIEW BY LEGAL COUNSEL IS RECOMMENDED FOR: GIFTS OF REAL PROPERTY; GIFTS OF STOCK/MEMBERSHIPS/OWNERSHIP INTERESTS OF CLOSELY HELD COMPANIES; GIFTS INVOLVING CONTRACTS OR ANY ASSUMPTION OF AN OBLIGATION BY GOOD INSTITUTE; GIFTS SUBJECT TO UNUSUAL RESTRICTIONS; GIFTS THAT MAY INVOLVE AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST; TRANSACTIONS IN WHICH THE PRESIDENT, BOARD, OR AUTHORIZED BOARD COMMITTEE BELIEVES THAT THE USE OF LEGAL COUNSEL IS APPROPRIATE. RESTRICTIONS ON GIFTS-GOOD INSTITUTE WILL GENERALLY ACCEPT UNRESTRICTED GIFTS, AND GIFTS FOR SPECIFIC PROGRAMS AND PURPOSES, PROVIDED THAT SUCH GIFTS ARE NOT INCONSISTENT WITH GOOD INSTITUTE'S MISSION, CHARITABLE PURPOSES, AND PRIORITIES. GOOD INSTITUTE WILL NOT ACCEPT GIFTS THAT ARE TOO RESTRICTIVE IN PURPOSE OR THAT OTHERWISE RESULT IN A BURDEN THAT MAY DIMINISH GOOD INSTITUTE'S ABILITY TO FURTHER ITS MISSION. GIFTS THAT ARE TOO RESTRICTIVE INCLUDE THOSE THAT ARE INCONSISTENT WITH GOOD INSTITUTE'S ARTICLES OF INCORPORATION, GIFTS THAT ARE TOO DIFFICULT TO ADMINISTER, OR GIFTS THAT ARE FOR PURPOSES OUTSIDE THE MISSION OF THE CHARITY. ALL FINAL DECISIONSION THE RESTRICTIVE NATURE OF A GIFT, AND ITS ACCEPTANCE OR REFUSAL, SHALL BE MADE BY THE BOARD AS OUTLINED BELOW. TYPES OF GIFTS-THE FOLLOWING TYPES OF GIFTS MAY BE ACCEPTABLE, SUBJECT TO OTHER PROVISIONS OF THIS GIFT ACCEPTANCE POLICY: CASH; SECURITIES; 1-PUBLICLY TRADED SECURITIES. PUBLICLY TRADED SECURITIES MAY BE TRANSFERRED TO AN ACCOUNT MAINTAINED AT ONE OR MORE BROKERAGE FIRMS OR DELIVERED PHYSICALLY WITH THE TRANSFEROR'S SIGNATURE OR STOCK POWER ATTACHED. AS A GENERAL RULE, ALL MARKETABLE SECURITIES SHALL BE SOLD UPON RECEIPT UNLESS OTHERWISE DIRECTED BY THE BOARD OR EXECUTIVE COMMITTEE. IN SOME CASES, MARKETABLE SECURITIES MAY BE RESTRICTED BY APPLICABLE SECURITIES LAWS; IN SUCH INSTANCE THE FINAL DETERMINATION ON THE ACCEPTANCE OF THE RESTRICTED SECURITIES SHALL BE MADE BY THE BOARD OR EXECUTIVE COMMITTEE. 2. CLOSELY HELD SECURITIES. CLOSELY HELD SECURITIES, WHICH INCLUDE DEBT AND EQUITY POSITIONS IN NON-PUBLICLY TRADED COMPANIES AS WELL AS INTERESTS IN LLPS, LLCS AND OTHER OWNERSHIP FORMS, MAY BE ACCEPTED SUBJECT TO THE APPROVAL OF THE BOARD OR [FINANCE] COMMITTEE. HOWEVER, GIFTS MUST BE REVIEWED PRIOR TO ACCEPTANCE TO DETERMINE THAT (1) THERE ARE NO RESTRICTIONS ON THE SECURITY THAT WOULD PREVENT GOOD INSTITUTE FROM ULTIMATELY CONVERTING THOSE ASSETS TO CASH; (2) THE SECURITY IS MARKETABLE (I.E., A BUYER IS IN A POSITION TO BUY THE STOCK); AND (3) THE SECURITY WILL NOT GENERATE ANY UNDESIRABLE TAX CONSEQUENCES FOR GOOD INSTITUTE. FURTHER, PRIOR TO ACCEPTANCE, GIFTS SHALL BE VALUED BY AN INDEPENDENT APPRAISAL, WHICH SHALL TYPICALLY BE THE DONOR'S OBLIGATION (THE DONOR MAY REQUIRE A QUALIFIED APPRAISAL IN ORDER TO TAKE AN INCOME TAX DEDUCTION IF A GIFT OF NON-PUBLICLY TRADED SECURITIES IS VALUED AT $10,000 OR MORE). IF POTENTIAL PROBLEMS ARISE ON INITIAL REVIEW OF THE SECURITY, FURTHER REVIEW AND RECOMMENDATION BY AN OUTSIDE PROFESSIONAL MAY BE SOUGHT BEFORE MAKING A FINAL DECISION ON ACCEPTANCE OF THE GIFT. THE FINAL DETERMINATION ON THE ACCEPTANCE OF CLOSELY HELD SECURITIES SHALL BE MADE BY THE BOARD OR [FINANCE] COMMITTEE, AND, AS NECESSARY, LEGAL COUNSEL. EVERY EFFORT WILL BE MADE TO SELL NON-MARKETABLE SECURITIES AS QUICKLY AS POSSIBLE. TANGIBLE PERSONAL PROPERTY: GIFTS OF TANGIBLE PERSONAL PROPERTY TO BE USED BY GOOD INSTITUTE IN FURTHERANCE OF ITS MISSION MAY BE ACCEPTED SUBJECT TO APPROVAL OF THE PRESIDENT. GIFTS OF TANGIBLE PERSONAL PROPERTY THAT WILL NOT BE USED BY GOOD INSTITUTE IN FURTHERANCE OF ITS MISSION MAY BE ACCEPTED SUBJECT TO APPROVAL OF THE BOARD OR [FINANCE] COMMITTEE. HOWEVER, SUCH GIFTS MUST BE REVIEWED PRIOR TO ACCEPTANCE FOR (1) MARKETABILITY; (2) RESTRICTIONS ON THEIR USE AND SALE; AND (3) COSTS ASSOCIATED WITH POSSESSION, OWNERSHIP AND SALE. REAL ESTATE: GIFTS OF REAL ESTATE MAY INCLUDE DEVELOPED PROPERTY, UNDEVELOPED PROPERTY, OR GIFTS SUBJECT TO A PRIOR LIFE INTEREST. PRIOR TO ACCEPTANCE OF REAL ESTATE, GOOD INSTITUTE SHALL REQUIRE AN INITIAL ENVIRONMENTAL REVIEW OF THE PROPERTY TO ENSURE THAT THE PROPERTY HAS NO ENVIRONMENTAL OR HAZARDOUS WASTE PROBLEMS. IN THE EVENT THAT THE INITIAL INSPECTION REVEALS A POTENTIAL PROBLEM, GOOD INSTITUTE SHALL RETAIN A QUALIFIED INSPECTION FIRM TO CONDUCT AN ENVIRONMENTAL AUDIT. THE COST OF THE ENVIRONMENTAL AUDIT SHALL GENERALLY BE AN EXPENSE OF THE DONOR. WHEN APPROPRIATE, A TITLE BINDER SHALL BE OBTAINED BY GOOD INSTITUTE PRIOR TO THE ACCEPTANCE OF THE REAL PROPERTY GIFT. THE COST OF THIS TITLE BINDER SHALL GENERALLY BE AN EXPENSE OF THE DONOR. PRIOR TO ACCEPTANCE OF THE REAL PROPERTY, THE GIFT SHALL BE APPROVED BY THE BOARD OR A BOARD COMMITTEE, WITH GUIDANCE FROM GOOD INSTITUTE'S LEGAL COUNSEL. CRITERIA FOR ACCEPTANCE OF THE PROPERTY SHALL INCLUDE: (1) USEFULNESS TO GOOD INSTITUTE; (2) VALUATION; (3) MARKETABILITY; (4) RESTRICTIONS, RESERVATIONS, EASEMENTS, OR OTHER LIMITATIONS ASSOCIATED WITH THE PROPERTY; (5) CARRYING COSTS, WHICH MAY INCLUDE INSURANCE, PROPERTY TAXES, MORTGAGES, OR NOTES, ETC., ASSOCIATED WITH THE PROPERTY; (6) ENVIRONMENTAL, HAZARDOUS WASTE, AND OTHER RISKS ASSOCIATED WITH THE PROPERTY. BEQUESTS: DONORS AND SUPPORTERS OF GOOD INSTITUTE WILL BE ENCOURAGED TO MAKE BEQUESTS TO GOOD INSTITUTE UNDER THEIR WILLS AND TRUSTS. TO THE EXTENT POSSIBLE AND APPROPRIATE, GOOD INSTITUTE SHALL ENCOURAGE DONORS TO DESCRIBE THE SPECIFIC PURPOSES OF THEIR GIFTS AS BROADLY AS POSSIBLE AND TO AVOID DETAILED LIMITATIONS AND RESTRICTIONS IN RECOGNITION OF THE CHANGING NEEDS, POLICIES AND CIRCUMSTANCES OF A CHARITY OVER TIME. BECAUSE OF SUCH CHANGES OVER TIME, TO THE EXTENT POSSIBLE - AND PERMISSIBLE UNDER APPLICABLE LAW - ENDOWMENTS SHALL CONTAIN THE FOLLOWING (OR A SIMILAR) CONTINGENCY CLAUSE: "IF IN THE OPINION OF GOOD INSTITUTE'S BOARD OF DIRECTORS, ALL OR PART OF THE FUNDS CANNOT BE APPLIED IN STRICT CONFORMANCE WITH THE PURPOSE(S) PREVIOUSLY STATED, THE BOARD MAY USE THESE FUNDS FOR OTHER APPROPRIATE PURPOSES AS NEARLY ALIGNED TO THE ORIGINAL INTENT OF THE DONOR AS GOOD CONSCIENCE AND NEED DICTATE WITHIN THE AUTHORIZED POWERS OF GOOD INSTITUTE." THE NATURE OF THE BEQUEST (E.G., CASH, SECURITIES, PERSONAL PROPERTY, REAL ESTATE) AND ANY ASSOCIATED RESTRICTIONS SHALL DETERMINE WHETHER AND HOW THE BEQUEST SHALL BE ACCEPTED BY GOOD INSTITUTE, SUBJECT TO OTHER PROVISIONS OF THIS GIFT ACCEPTANCE POLICY. BEQUESTS WILL NOT BE RECORDED AS GIFTS TO GOOD INSTITUTE UNTIL SUCH TIME AS THE GIFT IS IRREVOCABLE. WHERE THE GIFT IS IRREVOCABLE, BUT IS NOT DUE UNTIL A FUTURE DATE, THE PRESENT VALUE OF THAT GIFT MAY BE RECORDED AT THE TIME THE GIFT BECOMES IRREVOCABLE. LIFE INSURANCE BENEFICIARY DESIGNATIONS: DONORS AND SUPPORTERS OF GOOD INSTITUTE WILL BE ENCOURAGED TO NAME GOOD INSTITUTE AS BENEFICIARY OR CONTINGENT BENEFICIARY OF THEIR LIFE INSURANCE POLICIES. SUCH DESIGNATIONS SHALL NOT BE RECORDED AS GIFTS TO GOOD INSTITUTE UNTIL SUCH TIME AS THE GIFT IS IRREVOCABLE. WHERE THE GIFT IS IRREVOCABLE, BUT IS NOT DUE UNTIL A FUTURE DATE, THE PRESENT VALUE OF THAT GIFT MAY BE RECORDED AT THE TIME THE GIFT BECOMES IRREVOCABLE. RETIREMENT PLAN BENEFICIARY DESIGNATIONS: DONORS AND SUPPORTERS OF GOOD INSTITUTE WILL BE ENCOURAGED TO NAME GOOD INSTITUTE AS BENEFICIARY OF THEIR RETIREMENT PLANS. SUCH DESIGNATIONS SHALL NOT BE RECORDED AS GIFTS TO GOOD INSTITUTE UNTIL SUCH TIME AS THE GIFT IS IRREVOCABLE. WHERE THE GIFT IS IRREVOCABLE, BUT IS NOT DUE UNTIL A FUTURE DATE, THE PRESENT VALUE OF THAT GIFT MAY BE RECORDED AT THE TIME THE GIFT BECOMES IRREVOCABLE. CHARITABLE REMAINDER TRUSTS: GOOD INSTITUTE MAY ACCEPT DESIGNATION AS A REMAINDER BENEFICIARY OF A CHARITABLE REMAINDER TRUST WITH THE APPROVAL OF THE BOARD OR [FINANCE] COMMITTEE. GOOD INSTITUTE WILL NOT ACCEPT APPOINTMENT AS TRUSTEE OF A CHARITABLE REMAINDER TRUST. CHARITABLE LEAD TRUSTS: GOOD INSTITUTE MAY ACCEPT A DESIGNATION AS AN INCOME BENEFICIARY OF A CHARITABLE LEAD TRUST. GOOD INSTITUTE WILL NOT ACCEPT AN APPOINTMENT AS TRUSTEE OF A CHARITABLE LEAD TRUST. PART I, LINE 33: NOT APPLICABLE. SCHEDULE M LINE 31: CONTINUATION OF GIFT ACCEPTANCE POLICY: REPORTING REQUIREMENTS GOOD INSTITUTE IS RESPONSIBLE FOR FILING IRS FORM 8282 (DONEE INFORMATION RETURN) UPON THE SALE OR DISPOSITION OF ANY ASSET SOLD WITHIN TWO YEARS OF RECEIPT BY GOOD INSTITUTE WHEN THE CHARITABLE DEDUCTION VALUE OF THE ITEM IS MORE THAN $5,000, SUBJECT TO CERTAIN LIMITED EXCEPTIONS. WHERE REQUIRED, GOOD INSTITUTE MUST FILE THIS FORM WITHIN 125 DAYS OF THE DATE OF SALE OR DISPOSITION OF THE ASSET. GOOD INSTITUTE SHALL PROVIDE A WRITTEN ACKNOWLEDGEMENT TO DONORS WHO MAKE ANY SINGLE CHARITABLE CONTRIBUTION OF GREATER THAN $250, AND A WRITTEN DISCLOSURE TO DONORS WHO RECEIVE GOODS OR SERVICES IN EXCHANGE FOR A SINGLE PAYMENT IN EXCESS OF $75. THE ACKNOWLEDGEMENT AND DISCLOSURE SHALL INCLUDE A DESCRIPTION AND GOOD FAITH ESTIMATE OF THE VALUE OF GOODS OR SERVICES, IF ANY, PROVIDED BY GOOD INSTITUTE IN RETURN FOR THE CONTRIBUTION (SUBJECT TO THE TOKEN AND MEMBERSHIP BENEFITS EXCEPTION) AND SHALL DESCRIBE (BUT NOT VALUE) ANY NON-CASH CONTRIBUTIONS MADE BY THE DONOR. IRS PUBLICATIONS 526 (CHARITABLE CONTRIBUTIONS) AND 1771 (CHARITABLE CONTRIBUTIONS: SUBSTANTIATION AND DISCLOSURE REQUIREMENTS) MAY BE USED BY GOOD INSTITUTE'S STAFF AS A REFERENCE FOR FULFILLING FEDERAL REPORTING REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO SHALL ENSURE THAT FORM 990 AND FORM 990-T (IF NECESSARY) SHALL BE FILED AND ANY ASSOCIATED TAXES OR PAYMENTS MADE, IN A TIMELY AND ACCURATE MANNER. THE CEO OR TREASURER SHALL SIGN AND CERTIFY THAT THE FORM 990 IS ACCURATE AND COMPLETE. EACH DIRECTOR ON THE BOARD SHALL RECEIVE FOR THEIR REVIEW AND CONSIDERATION AN ELECTRONIC DRAFT OF FORM 990 AND FORM 990-T (IF NECESSARY) AT LEAST TWO WEEKS IN ADVANCE OF FILING. ALL DIRECTORS WILL BE ENCOURAGED TO REVIEW THE ENTIRE FORM. WITHIN ONE WEEK OF RECEIPT OF THE DRAFT FORM 990 AND FORM 990-T (IF NECESSARY), ALL DIRECTORS SHALL SUBMIT THEIR COMMENTS AND CONCERNS, IF ANY, TO THE CFO, TREASURER, AND THE CEO, ANY OF WHOM MAY ADDRESS THE COMMENTS AND CONCERNS, CONSULTING WITH LEGAL COUNSEL AS NECESSARY. DIRECTORS SHALL IDENTIFY AND SUBMIT ANY CRITICAL CONCERNS TO THE CFO, THE CEO, AND THE BOARD CHAIR. CRITICAL CONCERNS SHALL BE RESOLVED JOINTLY BY THE CEO AND CHAIR OR BY THE EXECUTIVE COMMITTEE OF THE BOARD, AND RESOLUTION OF SUCH CONCERNS SHALL BE COMMUNICATED WITH THE DIRECTOR RAISING THE CONCERN AND THE BOARD, IF DEEMED NECESSARY BY THE CEO AND CHAIR. A COPY OF THE FILED FORM 990 AND FORM 990-T (IF NECESSARY) SHALL BE DISTRIBUTED TO THE ENTIRE BOARD WITHIN ONE WEEK AFTER FILING, TOGETHER WITH A NOTE IDENTIFYING ANY MATERIAL AND SUBSTANTIAL CHANGES FROM THE DRAFT VERSIONS DISTRIBUTED EARLIER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED AT THE START OF EACH CALENDAR YEAR. EACH BOARD MEMBER REVIEWS AND SIGNS THE POLICY, CERTIFYING THEY HAVE NO CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BAY AREA COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS AND POSITIONS WAS COMPILED PRIOR TO RECOMMENDING COMPENSATION FOR EXECUTIVE DIRECTOR AND CFO TO BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023, 990 AND 990-T (IF APPLICABLE) AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 433,946. MANAGEMENT AND GENERAL EXPENSES 143,801. FUNDRAISING EXPENSES 45,159. TOTAL EXPENSES 622,906. FORM 990, PART XII, LINE 2C: THE ORGANIZATION RESTRUCTURED AS PART OF A SOCIAL IMPACT ALLIANCE WITH GOOD WORLDWIDE AND UPWORTHY, CHANGING THE NAME FROM NET IMPACT TO GOOD INSTITUTE. AS A RESULT THE ORGANIZATION RESTATED OUR ARTICLES OF INCORPORATION AND REGISTRATION WITH THE CA SECRETARY OF STATE, UPDATED OUR BYLAWS, AND SECURED AN OFFICIAL DBA IN ALAMEDA COUNTY TO CONTINUE TO OPERATE IN CERTAIN CIRCUMSTANCES UNDER THE NAME NET IMPACT.