Nonprofit · EIN 47-0983278
INVENTIONS FOR GOOD INC
Tax-exempt · GREENSBORO, NC 27402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $214,826 | $126,199 | $88,627 | $1,105,640 | $0 | $1,105,640 |
| April 30, 2024 | 990 | $309,009 | $91,588 | $217,421 | $1,014,492 | $0 | $1,014,492 |
| April 30, 2023 | 990 | $800,673 | $55,589 | $745,084 | $797,071 | $0 | $797,071 |
| April 30, 2022 | 990-EZ | $71,297 | $70,802 | $495 | $51,987 | $0 | $51,987 |
| April 30, 2021 | 990-EZ (amended) | $60,278 | $43,837 | $16,441 | $51,956 | $0 | $51,956 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $214,410
- Program service revenue
- $0
- Investment income
- $416
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,966
- Compensation of officers, directors and key employees
- $18,000
- Other salaries and wages
- $135
- Salaries, compensation and benefits (total)
- $18,135
- Professional fundraising fees
- $0
- Accounting fees
- $5,050
- Occupancy
- $6,655
- Depreciation
- $13,339
- Program services (functional)
- $83,397
- Management and general (functional)
- $39,537
- Fundraising (functional)
- $3,265
Balance sheet and other
- Total assets, start of year
- $1,014,492
- Total assets, end of year
- $1,105,640
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,105,640
- Land, buildings and equipment
- $322,380
- Net assets without donor restrictions
- $1,105,640
- Gross receipts
- $214,826
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2014
- State of legal domicile
- NC
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE SEDBERRY | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $18,000 |
| DEMITRI BALABANOV | FOUNDER AND CHAIR Trustee or director, Officer | 1 | $0 |
| ROBBY HARRIS | MEMBER, BOARD OF DIRECTORS (TO DEC '24) Trustee or director | 1 | $0 |
| DR ELENA MURGU ZIU | MEMBER, BOARD OF DIRECTORS (FROM JAN '25) Trustee or director | 1 | $0 |
990 for the year ended April 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE SEDBERRY | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $13,500 |
| DEMITRI BALABANOV | FOUNDER AND CHAIR Trustee or director, Officer | 1 | $0 |
| ROBBY HARRIS | MEMBER, BOARD OF DIRECTORS Trustee or director | 1 | $0 |
990 for the year ended April 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE SEDBERRY | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $12,000 |
| DEMITRI BALABANOV | FOUNDER AND CHAIR Trustee or director, Officer | 1 | $0 |
| ROBBY HARRIS | MEMBER, BOARD OF DIRECTORS Trustee or director | 1 | $0 |
990-EZ for the year ended April 30, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE SEDBERRY | EXECUTIVE DIRECTOR | 1 | $6,000 |
| DEMITRI BALABANOV | FOUNDER AND CHAIR | 1 | $0 |
| ROBBY HARRIS | MEMBER, BOARD OF DIRECTORS | 1 | $0 |
990-EZ for the year ended April 30, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEMITRI BALABANOV | FOUNDER AND CHAIR | 1 | $0 |
| ROBBY HARRIS | MEMBER, BOARD OF DIRECTORS | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 N MURROW BLVD UNIT 323, GREENSBORO, NC 27402-0827
- Mailing address (990-N for 2020)
- PO Box 41011, Greensboro NC 27404
- Principal officer (990 for 2024)
- STEPHANIE SEDBERRY, 3116 NORTHLINE AVE 41011, GREENSBORO, NC 27408
- Principal officer (990-N for 2020)
- Demitri Balabanov, PO Box 41011, Greensboro NC 27404
- Signed the 990
- STEPHANIE SEDBERRY, EXECUTIVE DIRECTOR
- Phone
- (336) 339-5665
- Website
- WWW.INVENTIONSFORGOOD.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD.
Program accomplishments
- 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.Expenses $83,397 · grants $71,966
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 47-0983278
- 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
- 2016
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $1,105,640
- Income (IRS master file)
- $214,826
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $214,826 | $126,199 | $1,105,640 | XML |
| 990 | April 2024 | $309,009 | $91,588 | $1,014,492 | XML |
| 990 | April 2023 | $800,673 | $55,589 | $797,071 | XML |
| 990-EZ | April 2022 | $71,297 | $70,802 | $51,987 | XML |
| 990-N for 2020 Officer: Demitri Balabanov | April 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | April 2021 | $60,278 | $43,837 | $51,956 | XML |
| 990-N for 2019 Officer: Demitri Balabanov | April 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-0983278).
Questions about INVENTIONS FOR GOOD INC
- What is the EIN of INVENTIONS FOR GOOD INC?
- The employer identification number (EIN) of INVENTIONS FOR GOOD INC is 47-0983278.
- Is INVENTIONS FOR GOOD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to INVENTIONS FOR GOOD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVENTIONS FOR GOOD 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 INVENTIONS FOR GOOD INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVENTIONS FOR GOOD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of INVENTIONS FOR GOOD INC?
- The 990 for the year ended April 30, 2025 names STEPHANIE SEDBERRY.
- Who are the officers and directors of INVENTIONS FOR GOOD INC?
- The 990 for the year ended April 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $18,000 (STEPHANIE SEDBERRY, EXECUTIVE DIRECTOR).
- How much revenue does INVENTIONS FOR GOOD INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $214,826, expenses of $126,199 and total assets of $1,105,640 at year end.
Other nonprofits in GREENSBORO
- CHILDREN OF VIETNAM EIN 31-1605964 · last filed 990 for 2025
- JUNIOR ACHIEVEMENT OF THE TRIAD INC EIN 56-0844838 · last filed 990 for 2025
- THE WILLIAM WILBERFORCE CENTER FOR JUSTICE AND HUMAN RIGHTS INC EIN 83-1187208 · last filed 990-EZ for 2024
- HELP A SPECIAL CHILD INC EIN 27-2358208 · last filed 990 for 2024
- ROTARY CLUB OF GREENSBORO FOUNDATION INC EIN 56-2046035 · last filed 990 for 2025
- NC GLOBAL LEADERSHIP EIN 56-1729107 · last filed 990-EZ for 2025
- CRAYONS MATTER EIN 45-4234998 · last filed 990-EZ for 2025
- SAMDA-SACLEPEA-MAH DEVELOPMENT ASSOCIATION EIN 27-4794112 · last filed 990-EZ for 2023
All nonprofits in GREENSBORO · North Carolina · International, foreign affairs and national security