Nonprofit · EIN 87-3744128
GOOD FOREVER FOUNDATION
Tax-exempt · NEW ORLEANS, LA 70118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $9,575,776 | $1,811,264 | $7,764,512 | $18,113,687 | $6,361,115 | $11,752,572 |
| December 31, 2023 | 990-PF | $4,443,251 | $1,178,038 | $3,265,213 | $4,052,549 | $0 | $4,052,549 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,838,219
- Dividends
- $59,018
- Interest
- $129,266
- Net gain from sales of assets
- $2,574,860
- Other income
- -$25,587
Expenses
- Grants and similar amounts paid
- $991,727
- Compensation of officers, directors and key employees
- $240,000
- Salaries, compensation and benefits (total)
- $235,000
- Disbursements for charitable purposes
- $991,727
- Excise tax on investment income
- $35,659
Balance sheet and other
- Total assets, start of year
- $4,052,549
- Total assets, end of year
- $18,113,687
- Total liabilities, end of year
- $6,361,115
- Net assets, end of year
- $11,752,572
- Fair market value of assets
- $18,687,567
- Qualifying distributions
- $991,727
- Net investment income
- $2,737,557
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHELSEA SUN 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | SECRETARY | 40 | $120,000 |
| JERRY SUN 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | PRESIDENT | 40 | $120,000 |
| BLAKE BORGESON 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | DIRECTOR | 1 | $0 |
| ALEX VERMEER 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHELSEA SUN 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | SECRETARY | 40 | $120,000 |
| JERRY SUN 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | PRESIDENT | 40 | $120,000 |
| BLAKE BORGESON 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | DIRECTOR | 1 | $0 |
| ALEX VERMEER 1401 LAVACA STREET 42000, AUSTIN, TX 78701 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 320 CHEROKEE ST, NEW ORLEANS, LA 70118-3736
- Signed the 990-PF
- JERRY SUN, PRESIDENT
- Phone
- (512) 422-4327
- Return prepared by
- MAXWELL LOCKE & RITTER LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-3744128
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $18,113,687
- Income (IRS master file)
- $29,958,023
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $9,575,776 | $1,811,264 | $18,113,687 | XML |
| 990-PF | December 2023 | $4,443,251 | $1,178,038 | $4,052,549 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3744128).
Questions about GOOD FOREVER FOUNDATION
- What is the EIN of GOOD FOREVER FOUNDATION?
- The employer identification number (EIN) of GOOD FOREVER FOUNDATION is 87-3744128.
- Is GOOD FOREVER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GOOD FOREVER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does GOOD FOREVER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GOOD FOREVER FOUNDATION 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 GOOD FOREVER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GOOD FOREVER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $120,000 (CHELSEA SUN, SECRETARY).
- How much revenue does GOOD FOREVER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $9,575,776, expenses of $1,811,264 and total assets of $18,113,687 at year end.
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