Goods that Matter

Goods that Matter

Everyday design goods, with extraordinary impact

Everyday design goods, with extraordinary impact

Overview

Raised to Date: Raised: $19,100

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/26/2023

Close Date

11/10/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/11/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$424

# of Investors

20

Momentum
Not Funded
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Year Founded

2012

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

New Orleans, Louisiana

Business Type

Life Style

Goods that Matter is raising funds on Honeycomb. The business creates everyday design goods with extraordinary impact and offers a wide variety of handmade home goods. Goods that Matter’s goods are created by local partners and include cards, bath and body products, teas, journals, beeswax food wraps, candles, wool felt kitchen items, and modern art prints. The business has been featured in many magazines for its social impact and plans to expand its reach soon with a second location. Tippy Tippens founded Goods that Matter in August 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for new location lease, inventory, shop furnishings and plants, signage and window lettering, store bags, advertising, working capital, and more.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$74,770

$110,299

COGS

$36,986

$43,934

Tax

$0

$0

 

 

Net Income

$12,037

$15,808

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,105

$6,148

Accounts Receivable

$2,609

$7,186

Total Assets

$76,960

$65,218

Short-Term Debt

$0

$0

Long-Term Debt

$19,800

$19,800

Total Liabilities

$19,800

$19,800

Financials as of: 09/26/2023
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Goods that Matter on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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