2024-04-13T06:32:47-05:00 2023-04-30 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-05-01 470983278 INVENTIONS FOR GOOD INC INVE 3363395665 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 STEPHANIE SEDBERRY EXECUTIVE DIRECTOR 3363395665 2024-01-29 1 STEPHANIE SEDBERRY 999009999 0 BRIAN DONALDSON P02459122 9197196400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEPHANIE SEDBERRY 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 800673 0 X WWW.INVENTIONSFORGOOD.ORG X 2014 NC TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD. 3 2 0 2 0 0 71290 800600 0 0 7 73 0 0 71297 800673 64000 38213 0 0 6000 12000 0 0 0 802 5376 70802 55589 495 745084 51987 797071 0 0 51987 797071 TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD. 0 0 38928 38213 TERUSA IS A COLLABORATIVE EFFORT BETWEEN IFGI AND A NONPROFIT IN JOHANNESBURG, SOUTH AFRICA, INVESTING FOR INNOVATION (IFI). WE PROVIDE CHILDREN IN RURAL TOWNSHIPS NEAR JOHANNESBURG WITH A QUALITY EDUCATION BY FUNDING TUITION AT A PRIVATE SCHOOL, TRANSPORTATION, BOARDING, AND OTHER EDUCATION-RELATED SUPPLIES INCLUDING A LAPTOP WHEN THEY START MIDDLE SCHOOL. WE ALSO RESEARCH AND DOCUMENT THE BEST STRATEGIES FOR PROVIDING COST-EFFECTIVE ACCESS TO QUALITY EDUCATION IN RURAL SOUTH AFRICA. 38928 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 X STEPHANIE SEDBERRY 3363395665 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 STEPHANIE SEDBERRY EXECUTIVE DIRECTOR 1.00 X X 12000 0 0 DEMITRI BALABANOV FOUNDER AND CHAIR 1.00 X X 0 0 0 ROBBY HARRIS MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 12000 0 0 0 0 0 0 0 800600 800600 73 73 800673 0 0 73 38213 38213 12000 12000 3000 3000 177 177 716 716 715 715 768 768 55589 38928 16661 0 51987 797071 51987 797071 0 0 X 51987 797071 51987 797071 51987 797071 745084 0 X 0 0 0 X 45400 60000 60278 21290 600 187568 45400 60000 60278 21290 600 187568 35000 30000 50000 115000 0 35000 30000 50000 115000 72568 2 6 3 7 73 91 2 6 3 7 73 91 45402 60006 60281 21297 673 187659 0.38670 0.36330 0.00050 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SUB-SAHARAN AFRICA 0 0 GRANTMAKING GRANTMAKING 38213 0 0 0 0 0 0 38213 0 38213 SUB-SAHARAN AFRICA TRANSFORMING EDUCATION IN SOUTH AFRICA 38213 0 1 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR PREPARES A FINANCIAL STATEMENT TO PRESENT TO THE BOARD, WHO REVIEWS THE STATEMENT AND HAS THE OPPORTUNITY TO ASK QUESTIONS IN A SCHEDULED BOARD MEETING. THE FINAL STATEMENT IS THEN FORWARDED TO THE CPA WHO PREPARES THE FILING, AND THE BOARD MUST APPROVE THE RETURN BEFORE IT CAN BE FILED. FORM 990, PART VI, SECTION B, LINE 15A DIRECTOR AND PROGRAM MANAGER COMPENSATION WAS DETERMINED BY A REVIEW OF POSITION RESPONSIBILITIES AND A MARKET ANALYSIS OF SIMILAR POSITIONS IN THE REGION. AN INDEPENDENT NON-PROFIT ORGANIZATION IN LA WAS ALSO CONSULTED TO DISCUSS BEST PRACTICES IN NONPROFIT COMPENSATION DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINES 12-14: IN SEPTEMBER OF 2023, THE ORGANIZATION ADOPTED CONFLICT OF INTEREST,, WHISTLEBLOWER, AND DOCUMENT RETENTION AND DESTRUCTION POLICIES. THE ORGANIZATION IS FILING FORM 990 AFTER THE RETURN DUE DATE (INCLUDING EXTENSIONS) AS A RESULT OF ITS PAID PREPARER FIRM'S EFIN ACCOUNT BEING ERRONEOUSLY SUSPENDED. THE FIRM MADE EVERY EFFORT TO HAVE ITS ACCOUNT TIMELY REINSTATED, BUT WAS UNABLE TO SUCCESSFULLY TRANSMIT THE RETURN BEFORE THE DUE DATE. THE ORGANIZATION WAS DENIED PERMISSION TO FILE A PAPER COPY OF FORM 990 DUE TO THE MANDATORY ELECTRONIC FILING PROVISIONS OF THE TAXPAYER FIRST ACT. A GOOD-FAITH EFFORT WAS MADE TO ELECTRONICALLY FILE FORM 990 BEFORE THE RETURN DUE DATE, AND EVIDENCE OF THAT ATTEMPT IS AVAILABLE UPON REQUEST. FOR THESE REASONS WE RESPECTFULLY REQUEST THAT THIS RETURN BE TREATED AS TIMELY FILED, AND THAT ANY PENALTIES BE WAIVED AND ABATED.