Nonprofit · EIN 81-4768448
THE GOOD NATION FOUNDATION INC
Also known as GOOD NATION
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $22,104,895 | $20,363,976 | $1,740,919 | $6,958,917 | $182,247 | $6,776,670 |
| December 31, 2023 | 990 (amended) | $13,642,513 | $12,983,613 | $658,900 | $2,013,602 | $74,592 | $1,939,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,835,114
- Program service revenue
- $0
- Investment income
- $269,781
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,029,520
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $3,239,682
- Salaries, compensation and benefits (total)
- $3,962,111
- Professional fundraising fees
- $0
- Legal fees
- $49,147
- Accounting fees
- $8,000
- Occupancy
- $4,930
- Travel
- $268,830
- Program services (functional)
- $20,337,148
- Management and general (functional)
- $26,828
Balance sheet and other
- Total assets, start of year
- $2,013,602
- Total assets, end of year
- $6,958,917
- Total liabilities, end of year
- $182,247
- Net assets, end of year
- $6,776,670
- Net assets without donor restrictions
- $449,845
- Net assets with donor restrictions
- $6,326,825
- Gross receipts
- $22,104,895
- Employees
- 41
- Volunteers
- 5
- Year formed
- 2016
- 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 |
|---|---|---|---|
| Senait Tesfai | Employee | 40 | $100,552 |
| Sherah Alaimo | Director Trustee or director | 1 | $0 |
| Laura Henson | Director Trustee or director | 1 | $0 |
| Chelsea Jia | Chairman Trustee or director, Officer | 2 | $0 |
| Kirk Parks | Treasurer Trustee or director, Officer | 2 | $0 |
| Chirag Shah | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chelsea Jia | Board Chair Trustee or director, Officer | 2 | $0 |
| Chris Alexander | Former Board Chair Trustee or director, Officer | 2 | $0 |
| Sidney Cherubin Esq | Director Trustee or director | 1 | $0 |
| Andrew Casino | Director Trustee or director | 1 | $0 |
| Jacob Carney | Director Trustee or director | 1 | $0 |
| Michael Leahy | Director Trustee or director | 1 | $0 |
| Tom Richard | Director Trustee or director | 1 | $0 |
| Hanna Inger | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1120 AVENUE OF THE AMERICAS FL 4, NEW YORK, NY 10036-6700
- Principal officer (990 for 2024)
- Robert Hansen
- Signed the 990
- Rob Hansen, Director
- Phone
- (646) 907-8269
- Website
- https://www.goodnation.io/
- Return prepared by
- McAvoy CPA LLC
Mission
Goodnation Foundation's mission is to help address our country and communities' toughest challenges by bringing new philanthropic support to high performing nonprofits.
Program accomplishments
- Goodnation Foundation advanced its mission of addressing our toughest challenges by providing fiscal sponsorship to high-performing nonprofits, enabling them to access critical funding and operational support. During the tax year, the Foundation facilitated charitable contributions to sponsored organizations working in key areas such as education, poverty alleviation, and community development. By offering essential infrastructure and oversight, Goodnation empowered these nonprofits to expand their programs, maximize donor impact, and deliver measurable results. Through its fiscal sponsorship model, the Foundation strengthened the capacity of mission-driven organizations and amplified their ability to create meaningful change.Expenses $20,337,148 · grants $21,835,114
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
- 81-4768448
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $6,958,917
- Income (IRS master file)
- $22,104,895
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,104,895 | $20,363,976 | $6,958,917 | XML |
| 990 | December 2023 | $13,642,513 | $12,983,613 | $2,013,602 | XML |
| 990 | December 2022 | $5,990,584 | $4,393,842 | $1,404,584 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 81-4768448).
Questions about THE GOOD NATION FOUNDATION INC
- What is the EIN of THE GOOD NATION FOUNDATION INC?
- The employer identification number (EIN) of THE GOOD NATION FOUNDATION INC is 81-4768448.
- Is THE GOOD NATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to THE GOOD NATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE GOOD NATION 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 THE GOOD NATION 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 THE GOOD NATION 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 THE GOOD NATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Robert Hansen.
- Who are the officers and directors of THE GOOD NATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $100,552 (Senait Tesfai, Employee).
- How much revenue does THE GOOD NATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,104,895, expenses of $20,363,976 and total assets of $6,958,917 at year end.
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