Civic Intelligence

Inventions for Good Inc.

990 • Fiscal year 2024 • EIN 47-0983278

May 01, 2023 to Apr 30, 2024 • Filed on Feb 17, 2025

Organization ProfileWWW.INVENTIONSFORGOOD.ORG
3116 Northline Ave 41011Greensboro, NC 27408

(336) 339-5665

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2024 filings • NTEE Q • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

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

2024 filings • NTEE Q • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2024 filings • NTEE Q • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$13,500

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2024 filings • NTEE Q • $1M-$5M nonprofits • Source year 2024

Asset Growth

74th percentile

27%

Faster asset growth than 74% of similar nonprofits.

2024 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,014,492

Up $217,421 (+27%) from 2023

Net Assets

Up

$1,014,492

Up $217,421 (+27%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin95th percentile

Revenue

Down

$309,009

Down $491,664 (-61%) from 2023

Expenses

Up

$91,588

Up $35,999 (+65%) from 2023

Net Income

Down

$217,421

Down $527,663 (-71%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

2024

Assets$1,014,492
Liabilities$0
Net Assets$1,014,492
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

2024

Revenue$309,009
Expenses$91,588
Net Income$217,421
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$309,009
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$797,071$684,326▼ $112,745
Land, Buildings, and Equipment, Net$0$330,166▲ $330,166
Total Assets$797,071$1,014,492▲ $217,421
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$797,071$1,014,492▲ $217,421
Total Net Assets Fund Balance$797,071$1,014,492▲ $217,421
Total Liabilities and Net Assets / Fund Balance$797,071$1,014,492▲ $217,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$330,166$6,114$336,280
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleBaseTotal
Stephanie SedberryExecutive Director$13,500$13,500

Board Members and Trustees

NameTitle
Demitri BalabanovFounder and Chair
Robby HarrisMember, Board of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$308,876
Program Service Revenue
$0
Investment Income
$133
Other Revenue
$0
All Other Contributions
$308,876
Change in Net Assets
$217,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,177
Other Expenses$19,714
Salaries, Compensation, and Employee Benefits$16,697
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$55,177--$55,177
Current Officers, Directors, Trustees, and Key Employees-$15,500-$15,500
Depreciation Depletion-$6,114-$6,114
Occupancy-$5,282-$5,282
Advertising$2,640--$2,640
Office Expenses$2,040$224-$2,264
Insurance-$1,712-$1,712
Other Salaries and Wages-$1,197-$1,197
Information Technology-$403-$403
Other Expenses$170--$170
Total Functional Expenses$61,156$30,432$0$91,588
International Activity

International Summary

Offices
0
Employees
0
Spending
$55,177

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaGrantmakingGrantmaking00$55,177
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director prepares a financial statement to present to the board, who reviews the statement and has the opportunity to ask questions in a scheduled board meeting. The final statement is then forwarded to the cpa who prepares the filing, and the board must approve the return before it can be filed.”

Form 990, Part VI, Section B, Line 12C

“The organization adopted a conflict of interest policy during 2023 in order to regularly and consistently monitor and enforce potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“Director and program manager compensation was determined by a review of position responsibilities and a market analysis of similar positions in the region. An independent non-profit organization in la was also consulted to discuss best practices in nonprofit compensation determination.”

Form 990, Part VI, Section C, Line 19

“All financial documents and policies are available upon request.”

Filing and Contact Details

Filer

Filer Name
Inventions for Good Inc
EIN
47-0983278
Phone
3363395665
Address
3116 NORTHLINE AVE 41011, GREENSBORO, NC 27408

Signing Officer

Name
Stephanie Sedberry
Title
Executive Director
Phone
3363395665
Signed
2025-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Sedberry
Formed
2014
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
Brian Donaldson
Phone
9197196400
Raw XML Appendix364 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.

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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0INVENTIONS FOR GOOD, INC. (IFGI) ISSUES GRANT FUNDING TO INVESTING FOR INNOVATION (IFI), A NONPROFIT ORGANIZATION IN JOHANNESBURG, SOUTH AFRICA. IFI PROVIDES AN ANNUAL BUDGET THAT DETAILS ITS SEPARATE PROGRAMS, ALLOWING IFGI TO TRACK THE EDUCATIONAL PROGRESS OF CHILDREN WHO ARE SUPPORTED UNDER EACH PROGRAM.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR PREPARES A FINANCIAL STATEMENT TO PRESENT TO THE BOARD, WHO REVIEWS THE STATEMENT AND HAS THE OPPORTUNITY TO ASK QUESTIONS IN A SCHEDULED BOARD MEETING. THE FINAL STATEMENT IS THEN FORWARDED TO THE CPA WHO PREPARES THE FILING, AND THE BOARD MUST APPROVE THE RETURN BEFORE IT CAN BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY DURING 2023 IN ORDER TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTOR AND PROGRAM MANAGER COMPENSATION WAS DETERMINED BY A REVIEW OF POSITION RESPONSIBILITIES AND A MARKET ANALYSIS OF SIMILAR POSITIONS IN THE REGION. AN INDEPENDENT NON-PROFIT ORGANIZATION IN LA WAS ALSO CONSULTED TO DISCUSS BEST PRACTICES IN NONPROFIT COMPENSATION DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL FINANCIAL DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
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IRS990/WebsiteAddressTxt0WWW.INVENTIONSFORGOOD.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE SEDBERRY
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ReturnHeader/BusinessOfficerGrp/PhoneNum03363395665
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INVENTIONS FOR GOOD INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521446779
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON LAMBERT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04242 SIX FORKS ROAD SUITE 1500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
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ReturnHeader/PreparerPersonGrp/PhoneNum09197196400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN DONALDSON
ReturnHeader/ReturnTs02025-02-18T09:26:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-05-01
ReturnHeader/TaxPeriodEndDt02024-04-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,014,492
Liabilities
$0
Net assets
$1,014,492
Revenue
$309,009
Expenses
$91,588
Net income
$217,421
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