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CHARITY REVIEW
Issued: March 2024 Expires: March 2026

Network for Good

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(888) 284-7978
655 15th Street NW
Washington, DC, 20005
https://nfggive.org/home
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Network for Good meets the 20 Standards for Charity Accountability.

Complaints


Number of complaints processed by the BBB in the last 36 months: 2

The organization addressed the complaint issues brought to its attention: 2

(These complaints involved check disbursement).

 

Stated Purpose:
"to unleash generosity and drive increased financial resources to charitable organizations via digital platforms."

Year, State Incorporated:
2001, DE

Network for Good DAF (NFG-DAF) reports that it is a donor advised fund committed to unleashing generosity through online giving. The organization's giving platform enables people to donate or raise funds for a charity of their choice. NFG-DAF also helps nonprofits raise funds for their missions through online fundraising services, including donation processing and email outreach tools.

For the year ended December 31, 2022, Network for Good's program expenses were:

Program services: $436,089,161

Total Program Expenses: $436,089,161

Chief Executive
Abigail Ross, Chief Executive Officer

Compensation*
$206,739

Chair of the Board
T. Scott Case

Chair's Profession / Business Affiliation
Founder, Zettawatts

Board Size
8

Paid Staff Size
10

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note: Robert Deily, Chief Financial Officer, was the highest paid employee, receiving $283,789 in compensation in 2022.

Method(s) Used:
Grant proposals, Internet

Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $440,451,936, 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 Network for Good's audited financial statements for the year ended December 31, 2022.

Source of Funds
Gain on sale of investment in NFG.com $44,014,230
Other realized and unrealized gains $40,077
Contributions to donor advised fund $429,083,139
Transaction processing income $11,298,004
Program service income $280,229
Grants and contributions $11,848
In-kind contributions $24,892
Other income $181,852
Interest $955,149
Good card purchases $34,053
Total Income $485,923,473

Programs: 99% Fundraising: 1% Administrative: 0%

Total Income $485,923,473
Total expenses: $442,316,209
  Program expenses $436,089,161
  Fundraising expenses $4,770,564
  Administrative expenses $1,456,484
  Other expenses $0
Income in Excess of Expenses $43,607,264
Beginning Net Assets $2,765,233
Other Changes In Net Assets $0
Ending Net Assets $46,372,497
Total Liabilities $109,110,355
Total Assets $155,482,852

Note: According to the organization's audited financial statements for the year ended December 31, 2022, NFG-DAF received in-kind contributions totaling $24,892 in the form of advertising.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance