2025-02-18T09:26:12-06:00 2024-04-30 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-05-01 470983278 INVENTIONS FOR GOOD INC INVE 3363395665 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 STEPHANIE SEDBERRY EXECUTIVE DIRECTOR 3363395665 2025-02-17 1 0 BRIAN DONALDSON P02459122 9197196400 2025-02-18 2023 2025-03-06 01:10:19Z STEPHANIE SEDBERRY 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 309009 0 X WWW.INVENTIONSFORGOOD.ORG X 2014 NC TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD. 2 2 0 2 0 0 800600 308876 0 0 73 133 0 0 800673 309009 38213 55177 0 0 12000 16697 0 0 0 5376 19714 55589 91588 745084 217421 797071 1014492 0 0 797071 1014492 TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD. 0 0 61156 55177 TERUSA AND AESA ARE COLLABORATIVE EFFORTS 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. 61156 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 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 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X STEPHANIE SEDBERRY 3363395665 3116 NORTHLINE AVE 41011 GREENSBORO NC 27408 STEPHANIE SEDBERRY EXECUTIVE DIRECTOR 1.00 X X 13500 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 13500 0 0 0 0 0 0 0 308876 308876 133 133 309009 0 0 133 55177 55177 15500 15500 1197 1197 2640 2640 2264 2040 224 403 403 5282 5282 6114 6114 1712 1712 AWARDS 1129 1129 DUES & SUBSCRIPTIONS 170 170 91588 61156 30432 0 797071 684326 336280 6114 0 330166 797071 1014492 0 0 X 797071 1014492 797071 1014492 797071 1014492 217421 0 X 0 0 0 X 60000 60278 21290 600 8876 151044 60000 60278 21290 600 8876 151044 30000 50000 80000 0 30000 50000 80000 71044 6 3 7 73 133 222 6 3 7 73 133 222 60006 60281 21297 673 9009 151266 0.46970 0.38670 0.00150 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 336280 6114 330166 330166 1 SUB-SAHARAN AFRICA 0 0 GRANTMAKING GRANTMAKING 55177 0 0 0 0 0 0 55177 0 55177 EDUCATIONAL GRANTS SUB-SAHARAN AFRICA 10 55177 WIRE-TRANSFER 0 0 0 0 0 0 PART I, LINE 2: INVENTIONS FOR GOOD, INC. (IFGI) ISSUES GRANT FUNDING TO INVESTING FOR INNOVATION (IFI), A NONPROFIT ORGANIZATION IN JOHANNESBURG, SOUTH AFRICA. IFI PROVIDES AN ANNUAL BUDGET THAT DETAILS ITS SEPARATE PROGRAMS, ALLOWING IFGI TO TRACK THE EDUCATIONAL PROGRESS OF CHILDREN WHO ARE SUPPORTED UNDER EACH PROGRAM. 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 12C THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY DURING 2023 IN ORDER TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE POTENTIAL CONFLICTS OF INTEREST. 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.