Nonprofit · EIN 56-1647986
FOUNDATION FOR GOOD BUSINESS
Tax-exempt · RALEIGH, NC 27611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $303,597 | $148,202 | $155,395 | $842,098 | $0 | $842,098 |
| December 31, 2024 | 990 | $246,651 | $142,670 | $103,981 | $686,703 | $0 | $686,703 |
| December 31, 2023 | 990 | $103,448 | $89,078 | $14,370 | $582,722 | $0 | $582,722 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $218,979
- Program service revenue
- $0
- Investment income
- $73,365
- Net gain from sales of assets
- $46,330
- Net income from fundraising events
- $11,253
- Other revenue
- $11,253
Expenses
- Grants and similar amounts paid
- $106,090
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,500
- Travel
- $562
- Program services (functional)
- $119,664
- Management and general (functional)
- $22,564
- Fundraising (functional)
- $5,974
Balance sheet and other
- Total assets, start of year
- $686,703
- Total assets, end of year
- $842,098
- Total liabilities, end of year
- $0
- Net assets, end of year
- $842,098
- Publicly traded securities
- $749,857
- Gross receipts
- $606,496
- Employees
- 0
- Volunteers
- 18
- Year formed
- 1989
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEARTA ALCHACAR | BOARD MEMBER Trustee or director | 1 | $0 |
| LEAH BERGMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| TARA J BRITT | BOARD MEMBER Trustee or director | 1 | $0 |
| TIFFANI BYLOW | BOARD MEMBER Trustee or director | 1 | $0 |
| RUFUS L EDMISTEN | CHAIRMAN FOU Trustee or director, Officer | 3 | $0 |
| MELISSA ESSICK | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNA SMITH FELTS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERICA GALLION | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE GILLOOLY | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT L JONES | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| CASEY EATMAN LOVAS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHERYL MATTLINGLY | SECRETARY/TR Trustee or director | 3 | $0 |
| RYAN MCGUIRT | BOARD MEMBER Trustee or director | 3 | $0 |
| JERRY MCLAURIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM METTREY | BOARD MEMBER Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD PENNY | BOARD MEMBER Trustee or director | 1 | $0 |
| FRED MILLS SR | BOARD MEMBER Trustee or director | 1 | $0 |
| W W WEBB SR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERYL MATTLINGLY | EXEC ASST/TR Trustee or director | 3 | $12,000 |
| TARA J BRITT | EXECUTIVE VP Trustee or director, Officer | 1 | $0 |
| TIFFANI BYLOW | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| RUFUS L EDMISTEN | CHAIRMAN FOU Trustee or director, Officer | 1 | $0 |
| MELISSA ESSICK | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNA SMITH FELTS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ERICA GALLION | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE GILLOOLY | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT L JONES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CASEY EATMAN LOVAS | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN MCGUIRT | BOARD MEMBER Trustee or director | 3 | $0 |
| JERRY MCLAURIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM METTREY | BOARD MEMBER Trustee or director | 1 | $0 |
| FRED MILLS SR | BOARD MEMBER Trustee or director | 1 | $0 |
| W W WEBB SR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TARA J BRITT | EXECUTIVE VP Trustee or director, Officer | 3 | $4,800 |
| SHELLEY CASTLEBERRY | DIRECTOR Trustee or director | 1 | $0 |
| RUFUS L EDMISTEN | CHAIRMAN FOU Trustee or director, Officer | 1 | $0 |
| MELISSA ESSICK | DIRECTOR Trustee or director | 1 | $0 |
| STEVE GILLOOLY | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT L JONES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CASEY EATMAN LOVAS | DIRECTOR Trustee or director | 1 | $0 |
| CHERYL MATTLINGLY | EXEC ASST/TR Trustee or director | 3 | $0 |
| RYAN MCGUIRT | DIRECTOR Trustee or director | 1 | $0 |
| JERRY MCLAURIN | DIRECTOR Trustee or director | 1 | $0 |
| JIM METTREY | DIRECTOR Trustee or director | 1 | $0 |
| ANNA E SMITH | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| FRED MILLS SR | DIRECTOR Trustee or director | 1 | $0 |
| W W WEBB SR | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 26762, RALEIGH, NC 27611-6762
- Principal officer (990 for 2025)
- RUFUS L EDMISTEN, 132 S SALISBURY ST, RALEIGH, NC 27601
- Signed the 990
- RUFUS L EDMISTEN, CHAIRMAN FOUNDER
- Phone
- (919) 829-1988
- Website
- SPECIALSUPERKIDS.COM
- Return prepared by
- RUVIDICH PLLC
Mission
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.
Program accomplishments
- FOUNDATION FOR GOOD BUSINESS PROVIDES SCHOLARSHIPS TO DISADVANTAGED YOUTH. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL TO BECOME HIGH ACHIEVERS IN THEIR COMMUNITIES. THE FOUNDATION SERVES AS AN EDUCATIONAL ADVOCATE TO ASSIST IN SUPPORTING AND DEVELOPING THESE STUDENTS SO THEY WILL SUCCEED IN SCHOOL AND LIFE. IN 2024, FOUNDATION FOR GOOD BUSINESS HELPED 13 STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS THROUGH ASSISTANCE WITH TUITION, BOOKS, AND OTHER EDUCATION RELATED EXPENSES.Expenses $119,664 · grants $106,090
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 | 990 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
- 56-1647986
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $842,098
- Income (IRS master file)
- $606,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $303,597 | $148,202 | $842,098 | XML |
| 990 | December 2024 | $246,651 | $142,670 | $686,703 | XML |
| 990 | December 2023 | $103,448 | $89,078 | $582,722 | XML |
| 990 | December 2022 | $111,295 | $90,979 | $568,352 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 56-1647986).
Questions about FOUNDATION FOR GOOD BUSINESS
- What is the EIN of FOUNDATION FOR GOOD BUSINESS?
- The employer identification number (EIN) of FOUNDATION FOR GOOD BUSINESS is 56-1647986.
- Is FOUNDATION FOR GOOD BUSINESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to FOUNDATION FOR GOOD BUSINESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR GOOD BUSINESS 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 FOUNDATION FOR GOOD BUSINESS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR GOOD BUSINESS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOUNDATION FOR GOOD BUSINESS?
- The 990 for the year ended December 31, 2025 names RUFUS L EDMISTEN.
- Who are the officers and directors of FOUNDATION FOR GOOD BUSINESS?
- The 990 for the year ended December 31, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR GOOD BUSINESS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $303,597, expenses of $148,202 and total assets of $842,098 at year end.
Other nonprofits in RALEIGH
- STATE CHARTERED CREDIT UNIONS INC EIN 56-0475645 · last filed 990-N for 2024
- WAKEMED EIN 56-6017737 · last filed 990 for 2025
- REX HOSPITAL INC EIN 56-1509260 · last filed 990 for 2025
- NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION EIN 56-0995910 · last filed 990 for 2025
- NORTH CAROLINA INSURANCE EIN 23-7102759 · last filed 990 for 2025
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION EIN 56-1222676 · last filed 990 for 2025
- FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC EIN 56-1283426 · last filed 990 for 2025