Nonprofit · EIN 88-4194537
GOOD ANCESTOR FOUNDATION
Tax-exempt · AUSTIN, TX 78750
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,867,934 | $1,966,901 | -$98,967 | $1,129,569 | $0 | $1,129,569 |
| December 31, 2023 | 990 | $3,245,309 | $2,612,802 | $632,507 | $1,235,963 | $0 | $1,235,963 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,867,934
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,439,355
- Compensation of officers, directors and key employees
- $168,000
- Salaries, compensation and benefits (total)
- $168,000
- Professional fundraising fees
- $0
- Accounting fees
- $4,800
- Occupancy
- $7,208
- Travel
- $55,348
- Program services (functional)
- $1,439,355
- Management and general (functional)
- $527,546
Balance sheet and other
- Total assets, start of year
- $1,235,963
- Total assets, end of year
- $1,129,569
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,129,569
- Net assets without donor restrictions
- $1,129,569
- Gross receipts
- $1,867,934
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- DE
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 |
|---|---|---|---|
| Cameron Colby Thomson | President Trustee or director, Officer | 20 | $168,000 |
| Rachel Azafrani | Director Trustee or director | 0 | $0 |
| Airick Crabill | Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cameron Colby Thomson | President Trustee or director, Officer | 0 | $0 |
| Julia Pope | Secretary Trustee or director, Officer | 0 | $0 |
| Airick Crabill | Treasurer Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 13809 N HWY 183 STE 500 NUM 91960, AUSTIN, TX 78750-1223
- Principal officer (990 for 2024)
- Cameron Colby Thomson, 13809 N Hwy 183 Ste 500 Num 91960, Austin, TX 787501223
- Signed the 990
- Cameron Colby Thomson, President
- Phone
- (402) 416-1158
- Website
- www.goodancestor.com
- Return prepared by
- EMS INC
Mission
The mission of Good Ancestor Foundation is to create responsible and resilient human infrastructure that can withstand future crises and support human and ecological thriving.
Program accomplishments
- Good Ancestor Foundation Core Areas are:1- Increasing institutional competence and trustworthiness by improving sensemaking and coordination on complex and nuanced topics.2- Create new coordination organizations, infrastructures, and technologies needed to navigate disruptive technoligies and events.3- Providing education, inspiration, and public awarenessof the changes and innovations needed to navigate crises.Good Ancestor Foundation Significant Activities for 2024 include the following:1- executed, designed and built an emergency communication satellite (launch in 2025)2- kicked off ecosystems and agriculture program (Grants / Vermont Research Farm)3- continued funding and producing very successful AI journalism sources4- operated several grant programs around AI, civic tech, depolarization, human rights, freedom and culture which support charities and networks with cpaital and assistance5- expanded security and safety support for VIPs ProgramExpenses $1,439,355 · grants $1,439,355
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
- 88-4194537
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $1,129,569
- Income (IRS master file)
- $1,867,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,867,934 | $1,966,901 | $1,129,569 | XML |
| 990 | December 2023 | $3,245,309 | $2,612,802 | $1,235,963 | 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 88-4194537).
Questions about GOOD ANCESTOR FOUNDATION
- What is the EIN of GOOD ANCESTOR FOUNDATION?
- The employer identification number (EIN) of GOOD ANCESTOR FOUNDATION is 88-4194537.
- Is GOOD ANCESTOR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GOOD ANCESTOR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOOD ANCESTOR FOUNDATION 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 GOOD ANCESTOR 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 ANCESTOR FOUNDATION 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 GOOD ANCESTOR FOUNDATION?
- The 990 for the year ended December 31, 2024 names Cameron Colby Thomson.
- Who are the officers and directors of GOOD ANCESTOR FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $168,000 (Cameron Colby Thomson, President).
- How much revenue does GOOD ANCESTOR FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,867,934, expenses of $1,966,901 and total assets of $1,129,569 at year end.
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