Form 990 for tax year 2024
Filed by THE GOOD NATION FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 15 August 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $22,104,895
- Total expenses
- $20,363,976
- Contributions and grants received
- $21,835,114
- Grants paid
- $12,029,520
- Program service revenue
- $0
- Investment income
- $269,781
- Other revenue
- $0
- Total assets, end of year
- $6,958,917
- Total liabilities, end of year
- $182,247
- Net assets or fund balances, end of year
- $6,776,670
- Program services expenses (Part IX)
- $20,337,148
- Management and general expenses
- $26,828
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,337,148
Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$21,835,114
-
3 · Investment income
total $269,781 · related or exempt $269,781
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,029,520 · program services $12,029,520
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,239,682 · program services $3,239,682
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $436,088 · program services $436,088
-
10 · Payroll taxes
total $286,341 · program services $286,341
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $49,147 · program services $46,647 · management and general $2,500
-
11c · Fees: accounting
total $8,000 · management and general $8,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $158,724 · program services $158,724
-
13 · Office expenses
total $50,189 · program services $49,997 · management and general $192
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,930 · program services $4,930
-
17 · Travel
total $268,830 · program services $268,715 · management and general $115
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $108,089 · program services $108,089
-
20 · Interest
total $681 · management and general $681
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $17,336 · program services $12,544 · management and general $4,792
-
24a · Other expenses: Outside services
total $2,354,357 · program services $2,354,357
-
24b · Other expenses: Fiscal sponsorship fees
total $998,603 · program services $998,603
-
24c · Other expenses: Computer and software
total $169,559 · program services $169,525 · management and general $34
-
24d · Other expenses: Meals and entertainment
total $69,108 · program services $67,799 · management and general $1,309
-
24e · All other expenses
total $114,792 · program services $105,587 · management and general $9,205
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,012,331 · end of year $6,929,369
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $164,069 · end of year $15,220
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $837,727 · end of year $14,327
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year -$525 · end of year $1
-
17 · Accounts payable and accrued expenses
beginning of year $63,644 · end of year $32,382
-
23 · Secured mortgages and notes payable
beginning of year $10,948
-
25 · Other liabilities
end of year $149,865
-
27 · Net assets without donor restrictions
beginning of year $206,894 · end of year $449,845
-
28 · Net assets with donor restrictions
beginning of year $1,732,116 · end of year $6,326,825
Mission and programs · 2024
Mission
Goodnation Foundation's mission is to help address our country and communities' toughest challenges by bringing new philanthropic support to high performing nonprofits.
-
Goodnation Foundation advanced its mission of addressing our toughest challenges by providing fiscal sponsorship to high-performing nonprofits, enabling them to access critical funding and operational support. During the tax year, the Foundation facilitated charitable contributions to sponsored organizations working in key areas such as education, poverty alleviation, and community development. By offering essential infrastructure and oversight, Goodnation empowered these nonprofits to expand their programs, maximize donor impact, and deliver measurable results. Through its fiscal sponsorship model, the Foundation strengthened the capacity of mission-driven organizations and amplified their ability to create meaningful change.
Expenses $20,337,148 · Grants $21,835,114
As filed on the 2024 return.
Listed in Part VII
-
Senait Tesfai
Employee
- Total calculated
- $100,552
- From this org
- $100,552
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sherah Alaimo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Henson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chelsea Jia
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Kirk Parks
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Chirag Shah
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
Make North Carolina First
$750,000
-
Together Wisconsin Acts
$705,000
-
PA Alliance Foundation
$680,000
-
Freedom Black Led Organizing
$625,000
-
Michigan Civic Education Fund
$500,000
-
A Better Big Sky
$485,000
-
Center for Technology and
$453,500
-
Black Male Initiative Fund
$322,500
-
Rural Arizona Action
$300,000
-
Michigan Civic Action Fund
$290,000
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Goodnation Philanthropy Advisors Inc
C corp · Philanthropic Advisory Services · DE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503259349301410
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