Civic Intelligence

Foundation for Good Business

990 • Fiscal year 2017 • EIN 56-1647986

Jan 01, 2017 to Dec 31, 2017 • Filed on May 21, 2018

PO Box 26762Raleigh, NC 27611-6762

(919) 829-1988

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$10,000

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

48th percentile

2.4%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-3.6%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Flat

$538,084

Flat from 2017

Net Assets

Flat

$538,084

Flat from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Flat

$101,799

Flat from 2017

Expenses

Flat

$89,471

Flat from 2017

Net Income

Flat

$12,328

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $429,658Liabilities 2011: $02011Assets 2012: $472,636Liabilities 2012: $02012Assets 2013: $518,302Liabilities 2013: $0Net Assets 2013: $518,3022013Assets 2014: $524,888Liabilities 2014: $0Net Assets 2014: $524,8882014Assets 2015: $518,539Liabilities 2015: $0Net Assets 2015: $518,5392015Assets 2016: $525,286Liabilities 2016: $0Net Assets 2016: $525,2862016Assets 2017: $538,084Liabilities 2017: $0Net Assets 2017: $538,0842017Assets 2017: $538,084Liabilities 2017: $0Net Assets 2017: $538,0842017Assets 2018: $555,773Liabilities 2018: $0Net Assets 2018: $555,7732018Assets 2019: $567,482Liabilities 2019: $0Net Assets 2019: $567,4822019Assets 2020: $554,075Liabilities 2020: $640Net Assets 2020: $553,4352020Assets 2021: $548,036Liabilities 2021: $0Net Assets 2021: $548,0362021Assets 2022: $568,352Liabilities 2022: $0Net Assets 2022: $568,3522022Assets 2023: $582,722Liabilities 2023: $0Net Assets 2023: $582,7222023Assets 2024: $686,703Liabilities 2024: $0Net Assets 2024: $686,7032024

Highlighted filing

2017

Assets$538,084
Liabilities$0
Net Assets$538,084

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $85,514Expenses 2011: $74,946Net Income 2011: $10,5682011Revenue 2012: $107,990Expenses 2012: $65,012Net Income 2012: $42,9782012Revenue 2013: $200,881Expenses 2013: $79,335Net Income 2013: $121,5462013Revenue 2014: $76,020Expenses 2014: $53,665Net Income 2014: $22,3552014Revenue 2015: $86,367Expenses 2015: $77,712Net Income 2015: $8,6552015Revenue 2016: $105,572Expenses 2016: $100,034Net Income 2016: $5,5382016Revenue 2017: $101,799Expenses 2017: $89,471Net Income 2017: $12,3282017Revenue 2017: $101,799Expenses 2017: $89,471Net Income 2017: $12,3282017Revenue 2018: $99,181Expenses 2018: $81,295Net Income 2018: $17,8862018Revenue 2019: $98,092Expenses 2019: $86,383Net Income 2019: $11,7092019Revenue 2020: $91,697Expenses 2020: $105,744Net Income 2020: -$14,0472020Revenue 2021: $114,086Expenses 2021: $119,485Net Income 2021: -$5,3992021Revenue 2022: $111,295Expenses 2022: $90,979Net Income 2022: $20,3162022Revenue 2023: $103,448Expenses 2023: $89,078Net Income 2023: $14,3702023Revenue 2024: $246,651Expenses 2024: $142,670Net Income 2024: $103,9812024

Highlighted filing

2017

Revenue$101,799
Expenses$89,471
Net Income$12,328
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 21, 2018
Return Version
2017v2.3
Gross Receipts
$181,407
Mission and Program Overview

Mission

The foundation for good business ensures that children get the development, support, and education they need as a foundation for independence and success. The foundation mentors young people who have the potential to become high achievers. The foundation serves as an educational advocate to assist in supporting and developing these students so they will succeed in school and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$525,286$538,084▲ $12,798
Investments in Publicly Traded Securities$460,807$476,774▲ $15,967
Savings and Temporary Cash Investments$64,479$61,310▼ $3,169
Total Assets$525,286$538,084▲ $12,798
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$525,286$538,084▲ $12,798
Total Liabilities and Net Assets / Fund Balance$525,286$538,084▲ $12,798
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tara J BrittExecutive VPPT$10,000$10,000
Lloyd M HunterEmeritus-$1,500$1,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$79,059
Program Service Revenue
$0
Investment Income
$22,740
Other Revenue
$0
All Other Contributions
$79,059
Change in Net Assets
$12,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,075
Other Expenses$28,896
Total Fundraising Expense$21,241
Salaries, Compensation, and Employee Benefits$11,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$49,075--$49,075
Office Expenses-$1,149$18,626$19,775
Current Officers, Directors, Trustees, and Key Employees$6,900$2,070$2,530$11,500
Fees for Service Investment Mgmnt Fees-$7,132-$7,132
Fees for Services Accounting-$1,445-$1,445
Fees for Services Other-$210-$210
Advertising-$85$85$170
Conferences and Meetings-$164-$164
Total Functional Expenses$55,975$12,255$21,241$89,471
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for Good Business
EIN
56-1647986
Phone
9198291988
Address
PO BOX 26762, RALEIGH, NC 27611-6762

Signing Officer

Name
Rufus L Edmisten
Title
Chairman Founder
Phone
9198291988
Signed
2018-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rufus L Edmisten
Formed
1989
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
RABON & DAILEY LLP CPA'S
Address
7610-200 SIX FORKS ROAD, RALEIGH, NC 27615
Preparer
Robert Gary Rabon
Phone
9198440565
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation for good business ensures that children get the development, support, and education they need as a foundation for independence and success. The foundation mentors young people who have the potential to become high achievers. The foundation serves as an educational advocate to assist in supporting and developing these students so they will succeed in school and life.

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IRS990/PYInvestmentIncomeAmt019376
IRS990/PYOtherExpensesAmt025369
IRS990/PYRevenuesLessExpensesAmt05538
IRS990/PYSalariesCompEmpBnftPaidAmt018000
IRS990/PYTotalExpensesAmt0100034
IRS990/PYTotalRevenueAmt0105572
IRS990/ReconcilationRevenueExpnssAmt012328
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt064479
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061310
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOR GOOD BUSINESS ENSURES THAT CHILDREN GET THE DEVELOPMENT, SUPPORT, AND EDUCATION THEY NEED AS A FOUNDATION FOR INDEPENDENCE AND SUCCESS. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL TO BECOME HIGH ACHIEVERS. THE FOUNDATION SERVES AS AN EDUCATIONAL ADVOCATE TO ASSIST IN SUPPORTING AND DEVELOPING THESE STUDENTS SO THEY WILL SUCCEED IN SCHOOL AND LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0525286
IRS990/TotalAssetsEOYAmt0538084
IRS990/TotalAssetsGrp/BOYAmt0525286
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012255
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt055975
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt055975
IRS990/TotalReportableCompFromOrgAmt011500
IRS990/TotalRevenueGrp/ExclusionAmt022730
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101799
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0525286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0538084
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 26762
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd0276156762
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0SPECIALSUPERKIDS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUFUS L EDMISTEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum09198291988
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR GOOD BUSINESS
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0561647986
ReturnHeader/Filer/PhoneNum09198291988
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 26762
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0276116762
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06E7028FA201DF9FA7521D31677994E3C567E55A4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06E7028FA201DF9FA7521D31677994E3C567E55A4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.57.239.218
ReturnHeader/FilingSecurityInformation/IPDt02018-06-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:03:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561761295
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RABON & DAILEY LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07610-200 SIX FORKS ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198440565
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT GARY RABON
ReturnHeader/ReturnTs02018-06-19T14:03:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$0.00$6.87$2.47$1.43$1.04
2023Summary only. Only limited summary data is available for this year.$5.83$0.00$5.83$1.03$0.89$0.14
2022Summary only. Only limited summary data is available for this year.$5.68$0.00$5.68$1.11$0.91$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$0.00$5.48$1.14$1.19$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.54$0.01$5.53$0.92$1.06$0.14
2019Summary only. Only limited summary data is available for this year.$5.67$0.00$5.67$0.98$0.86$0.12
2018Summary only. Only limited summary data is available for this year.$5.56$0.00$5.56$0.99$0.81$0.18
2017Detailed filing. Detailed filing data is available for this year.$5.38$0.00$5.38$1.02$0.89$0.12
2017Summary only. Only limited summary data is available for this year.$5.38$0.00$5.38$1.02$0.89$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.00$5.25$1.06$1.00$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$0.00$5.19$0.86$0.78$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.76$0.54$0.22
2013Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$2.01$0.79$1.22
2012Summary only. Only limited summary data is available for this year.$4.73$0.00$1.08$0.65$0.43
2011Summary only. Only limited summary data is available for this year.$4.30$0.00$0.86$0.75$0.11