Proactive Transparency is one of our core beliefs at Go Fund Bean, which is why a version of this page will live here on our website as well as on our Instagram page.
Contrary to what many think every dollar given to a non-profit does not go toward their cause. Just like any other business, non-profits have overhead expenses such as rent, licenses, and wages to account for.
According to the Better Business Bureau , a good nonprofit spends 65% of its income on program expenses, with the remaining 35% going toward these overhead expenses. Go Fund Bean is committed to going above and beyond this, striving to meet an 80%/20% (program/overhead) split with our income. Since our founding, we have done everything that we can to lower our costs, from eschewing the idea of renting office space to proactively telling our partners (gofundbean.org/partners.html) about our 80/20 goal up front and building it into our proposal, so that we are fully away of what our program costs and our overhead expenses are at all times.
The 80/20 guideline that we have instituted is a pretty vital part of what we do, because it reminds us to keep our money where our mouth is: supporting, uplifting, and defending the hourly coffee professional.
If you ever have any questions about the 80/20 split or anything else that we do at Go Fund Bean, feel free to contact us at any time.
Contrary to what many think every dollar given to a non-profit does not go toward their cause. Just like any other business, non-profits have overhead expenses such as rent, licenses, and wages to account for.
According to the Better Business Bureau , a good nonprofit spends 65% of its income on program expenses, with the remaining 35% going toward these overhead expenses. Go Fund Bean is committed to going above and beyond this, striving to meet an 80%/20% (program/overhead) split with our income. Since our founding, we have done everything that we can to lower our costs, from eschewing the idea of renting office space to proactively telling our partners (gofundbean.org/partners.html) about our 80/20 goal up front and building it into our proposal, so that we are fully away of what our program costs and our overhead expenses are at all times.
The 80/20 guideline that we have instituted is a pretty vital part of what we do, because it reminds us to keep our money where our mouth is: supporting, uplifting, and defending the hourly coffee professional.
If you ever have any questions about the 80/20 split or anything else that we do at Go Fund Bean, feel free to contact us at any time.