Nonprofit · EIN 32-0712694
BUSINESS FOR GOOD FOUNDATION INC
Tax-exempt · SARATOGA SPGS, NY 12866
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $893,883 | $1,433,976 | -$540,093 | $6,210,653 | $324,987 | $5,885,666 |
| December 31, 2023 | 990 | $2,102,181 | $1,725,902 | $376,279 | $385,470 | $9,191 | $376,279 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $961,568
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- -$67,685
- Other revenue
- -$67,685
Expenses
- Grants and similar amounts paid
- $1,067,611
- Other salaries and wages
- $150,861
- Salaries, compensation and benefits (total)
- $194,747
- Professional fundraising fees
- $0
- Legal fees
- $3,300
- Accounting fees
- $10,000
- Travel
- $1,083
- Program services (functional)
- $1,067,611
- Management and general (functional)
- $366,365
Balance sheet and other
- Total assets, start of year
- $385,470
- Total assets, end of year
- $6,210,653
- Total liabilities, end of year
- $324,987
- Net assets, end of year
- $5,885,666
- Land, buildings and equipment
- $6,089,300
- Gross unrelated business income
- -$67,685
- Gross receipts
- $1,033,068
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA A MITZEN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD G MITZEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DWAYNE KILLINGS | TREASURER Trustee or director, Officer | 1 | $0 |
| ANGELIQUE POWELL | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA A MITZEN | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| EDWARD G MITZEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GRACE MITZEN | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 15 MAPLE DELL STE 1, SARATOGA SPGS, NY 12866-2953
- Principal officer (990 for 2024)
- LISA A MITZEN, 104 DANS VIEW ROAD, SARATOGA SPRINGS, NY 12866
- Signed the 990
- LISA A MITZEN, PRESIDENT
- Phone
- (518) 708-9546
- Return prepared by
- CMJ LLP
Mission
BUSINESS FOR GOOD INVESTS IN PEOPLE TO BUILD BETTER BUSINESSES, STRONGER COMMUNITIES, AND A MORE EQUITABLE WORLD.
Program accomplishments
- ENGAGING IN CHARITABLE GRANT-MAKING AND FINANCIAL SUPPORT OF CHARITABLE PROGRAMS OF VARIED TYPES TO SUPPORT INCLUDING ENTREPRENEURIAL SUPPORT FOR MINORITY-OWNED BUSINESSES AND IMPACT GIVING GRANTS TO LOCAL CHARITABLE PROGRAMS.Expenses $1,067,611 · grants $1,067,611 · revenue $961,568
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0712694
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $6,210,653
- Income (IRS master file)
- $1,033,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $893,883 | $1,433,976 | $6,210,653 | IRS |
| 990 | December 2023 | $2,102,181 | $1,725,902 | $385,470 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0712694).
Questions about BUSINESS FOR GOOD FOUNDATION INC
- What is the EIN of BUSINESS FOR GOOD FOUNDATION INC?
- The employer identification number (EIN) of BUSINESS FOR GOOD FOUNDATION INC is 32-0712694.
- Is BUSINESS FOR GOOD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BUSINESS FOR GOOD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS FOR GOOD FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUSINESS FOR GOOD FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS FOR GOOD FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUSINESS FOR GOOD FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names LISA A MITZEN.
- Who are the officers and directors of BUSINESS FOR GOOD FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BUSINESS FOR GOOD FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $893,883, expenses of $1,433,976 and total assets of $6,210,653 at year end.
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All nonprofits in SARATOGA SPGS · New York · Philanthropy, voluntarism and grantmaking foundations