Civic Intelligence

Inventions for Good Inc.

990EZ • Fiscal year 2021 • EIN 47-0983278

May 01, 2020 to Apr 30, 2021 • Filed on Sep 09, 2022

Organization ProfileWWW.INVENTIONSFORGOOD.ORG
Pembroke Rd 41011Greensboro, NC 27408

(336) 339-5665

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Net Margin

72nd percentile

27%

Higher net margin than 72% of similar nonprofits.

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

$51,956

No earlier filing loaded for comparison.

Net Assets

$51,956

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin72nd percentile

Revenue

$60,278

No earlier filing loaded for comparison.

Expenses

$43,837

No earlier filing loaded for comparison.

Net Income

$16,441

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2021: $51,956Liabilities 2021: $0Net Assets 2021: $51,9562021Assets 2022: $51,987Liabilities 2022: $0Net Assets 2022: $51,9872022Assets 2023: $797,071Liabilities 2023: $0Net Assets 2023: $797,0712023Assets 2024: $1,014,492Liabilities 2024: $0Net Assets 2024: $1,014,4922024Assets 2025: $1,105,640Liabilities 2025: $0Net Assets 2025: $1,105,6402025

Highlighted filing

2021

Assets$51,956
Liabilities$0
Net Assets$51,956
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2021: $60,278Expenses 2021: $43,837Net Income 2021: $16,4412021Revenue 2022: $71,297Expenses 2022: $70,802Net Income 2022: $4952022Revenue 2023: $800,673Expenses 2023: $55,589Net Income 2023: $745,0842023Revenue 2024: $309,009Expenses 2024: $91,588Net Income 2024: $217,4212024Revenue 2025: $214,826Expenses 2025: $126,199Net Income 2025: $88,6272025

Highlighted filing

2021

Revenue$60,278
Expenses$43,837
Net Income$16,441
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Sep 9, 2022
Return Version
2020v4.2
Gross Receipts
$60,278
Mission and Program Overview

Mission

To invent and support technologies that solve humanitarian problems - any problem, anywhere in the world.

Program Services

DescriptionGrantsExpenses
TERUSA IS A COLLABORATIVE EFFORT 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.$43,500$43,500
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEMITRI BALABANOVFounder And Chair-$0--
ROBBY HARRISMember, Board Of Directors-$0--
Filing and Contact Details

Filer

Filer Name
Inventions for Good Inc
EIN
47-0983278
Phone
3363395665
Address
PEMBROKE RD 41011, GREENSBORO, NC 27408

Signing Officer

Name
Stephanie Sedberry
Title
Executive Director
Phone
3363395665
Signed
2022-09-09
Discuss with paid preparer
Yes

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 3.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: grants. Grantee name: investing for innovation. Grantee address: 33 wemmar drive discovery roodeport, gauteng, south africa 1709. Amount given: 43,500.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expenses. Amount: 337.”

SCHEDULE O:

“Form 990-ez is being amended to correct the form 990-n that was inadvertently filed in error for the period ending april 30, 2021.”

Raw XML Appendix170 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0FOUNDER AND CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER, BOARD OF DIRECTORS
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IRS990EZ/OtherExpensesTotalAmt0337
IRS990EZ/OtherRevenueTotalAmt03
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO INVENT AND SUPPORT TECHNOLOGIES THAT SOLVE HUMANITARIAN PROBLEMS - ANY PROBLEM, ANYWHERE IN THE WORLD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TERUSA IS A COLLABORATIVE EFFORT 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt043500
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt043837
IRS990EZ/TotalProgramServiceExpensesAmt043500
IRS990EZ/TotalRevenueAmt060278
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.INVENTIONSFORGOOD.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt035000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0145000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060275
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.29760
IRS990ScheduleA/PublicSupportPY509Pct00.35010
IRS990ScheduleA/PublicSupportTotal509Amt061450
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt035000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0145000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt060275
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt040778
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0206464
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANTS. GRANTEE NAME: INVESTING FOR INNOVATION. GRANTEE ADDRESS: 33 WEMMAR DRIVE DISCOVERY ROODEPORT, GAUTENG, SOUTH AFRICA 1709. AMOUNT GIVEN: 43,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OFFICE EXPENSES. AMOUNT: 337.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990-EZ IS BEING AMENDED TO CORRECT THE FORM 990-N THAT WAS INADVERTENTLY FILED IN ERROR FOR THE PERIOD ENDING APRIL 30, 2021.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE O:
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE SEDBERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03363395665
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-09
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ReturnHeader/Filer/EIN0470983278
ReturnHeader/Filer/PhoneNum03363395665
ReturnHeader/Filer/USAddress/AddressLine1Txt0PEMBROKE RD 41011
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027408
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04242 SIX FORKS ROAD SUITE 1500
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum09197196400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CALVIN MARKS
ReturnHeader/ReturnTs02022-09-09T08:58:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SEDBERRY
ReturnHeader/TaxPeriodBeginDt02020-05-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,956
Liabilities
$0
Net assets
$51,956
Revenue
$60,278
Expenses
$43,837
Net income
$16,441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.21$0.13$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.31$0.09$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.80$0.06$0.75
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.07$0.07$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.06$0.04$0.02