FOUNDATION FOR GOOD BUSINESS Charity Report

Public IRS 990 nonprofit record

FOUNDATION FOR GOOD BUSINESS

EIN 56-1647986 · Economic Development (S30)

What they do

THE FOUNDATION for GOOD BUSINESS ENSURES THAT CHILDREN GET THE DEVELOPMENT, SUPPORT, and EDUCATION THEY NEED AS A FOUNDATION for INDEPENDENCE and SUCCESS. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL to BECOME HIGH ACHIEVERS. THE FOUNDATION SERVES AS AN EDUCATIONAL ADVOCATE to ASSIST IN SUPPORTING and DEVELOPING THESE STUDENTS SO THEY WILL SUCCEED IN SCHOOL and LIFE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

39.42%of revenue went to mission work80.7% of expenses · Program services

1.97%of revenue went to fundraising4.0% of expenses

$48.82spent for every $100 of revenueRevenue covered expenses this year.

7.43%of revenue went to management and office costs15.2% of expenses

$5.68in assets for every $1 spent this yearSome assets cannot be spent right away.

72.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$303,597

Mission workProgram services$119,66439.42% of revenue80.7% of expenses

ManagementOffice and general costs$22,5647.43% of revenue15.2% of expenses

FundraisingAsking for donations$5,9741.97% of revenue4.0% of expenses

Revenue left after expensesReported annual surplus$155,39551.18% of revenueShown in gray on the chart

Total expenses$148,20248.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 80.7% mission · 15.2% management · 4.0% fundraisingTotal expenses: 48.82% of revenue

2024Expense mix: 79.5% mission · 12.6% management · 7.9% fundraisingTotal expenses: 57.84% of revenue

2023Expense mix: 74.8% mission · 18.0% management · 7.2% fundraisingTotal expenses: 86.11% of revenue

2022Expense mix: 74.4% mission · 13.5% management · 12.1% fundraisingTotal expenses: 81.75% of revenue

2021Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 104.73% of revenue

2020Expense mix: 81.1% mission · 16.4% management · 2.5% fundraisingTotal expenses: 115.32% of revenue

2019Expense mix: 60.2% mission · 23.5% management · 16.3% fundraisingTotal expenses: 88.06% of revenue

2018Expense mix: 61.2% mission · 16.4% management · 22.4% fundraisingTotal expenses: 81.97% of revenue

Money in and money out

Revenue$303,597

Expenses$148,202

Annual surplus $155,395 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$119,664 · 80.7% of expenses

Management and office costs$22,564 · 15.2% of expenses

Fundraising$5,974 · 4.0% of expenses

See all reported dollar amounts

Revenue$303,597

Expenses$148,202

Assets$842,098

Income$439,186

Contributions$218,979

Mission work (program services)$119,664

Fundraising$5,974

Management and general$22,564

Stocks and bonds$749,857

Accounting fees$13,500

Investing fees$12,517

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (18)

LEAH BERGMANBOARD MEMBER

W W WEBB SRBOARD MEMBER

TIFFANI BYLOWBOARD MEMBER

TARA J BRITTBOARD MEMBER

STEVE GILLOOLYBOARD MEMBER

RYAN MCGUIRTBOARD MEMBER

RUFUS L EDMISTENCHAIRMAN FOU

ROBERT L JONESBOARD MEMBER

MELISSA ESSICKBOARD MEMBER

ANNA SMITH FELTSPRESIDENT

JIM METTREYBOARD MEMBER

JERRY MCLAURINBOARD MEMBER

HOWARD PENNYBOARD MEMBER

FRED MILLS SRBOARD MEMBER

ERICA GALLIONBOARD MEMBER

CHERYL MATTLINGLYSECRETARY/TR

CASEY EATMAN LOVASBOARD MEMBER

BEARTA ALCHACARBOARD MEMBER

About this charity

Recognized since: January 1989
Location: PO BOX 26762, RALEIGH, NC 276116762
County: Wake
In care of: RUFUS L EDMISTEN
Primary officer: RUFUS L EDMISTEN, CHAIRMAN FOUNDER

How to reach them

WebsiteVisit the charity’s website Phone(919) 829-1988

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: RUVIDICH PLLC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development