Global Wordsmiths LLC

Neutral
BETA

A social enterprise

Analytics

Raised to Date: $41,713

Aggregate Commitments $
Platform

Honeycomb

Start Date

03/31/2020

Close Date

05/15/2020

Min. Goal

$20,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status
Funded
Reporting Date

05/31/2020

Days Remaining
Funded
% of Min. Goal

209%

% of Max. Goal

39%

Likelihood of Max
Funded
Avg. Daily Raise

$927

# of Investors

111

Momentum
Funded
Location
Industry

Business Services, Software, & Applications

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Life Style

Global Wordsmiths, a social enterprise in Pittsburgh, PA, is raising funds on Honeycomb Credit. The company provides services including language translation, localization, interpretation, language access consulting, and training to hospitals, healthcare systems, schools, corporates, and municipal governments. The profits generated by Global Wordsmiths are used for social impact initiatives. Global Wordsmiths was founded by Mary Jayne McCullough in 2017. The current crowdfunding round of the company has a minimum goal of $20,000 and a maximum goal of $107,000, and the proceeds will be used to return to normal business operations during the COVID-19 pandemic by paying employee salaries, rent, and employee and general insurance. Global Wordsmiths works on a successful business model, with a growth rate of 135%, and is an essential partner to hundreds of organizations.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$729,794

$294,822

COGS

$394,287

$100,182

Tax

$0

$0

 

 

Net Income

$86,116

$17,848

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,687

$2,173

Accounts Receivable

$72,700

$8,097

Total Assets

$79,036

$12,940

Short-Term Debt

$14,254

$14,205

Long-Term Debt

$0

$0

Total Liabilities

$14,254

$14,205

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