The Good Information Foundation
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-2025505
Organization Overview
The Good Information Foundation is located in New York, NY. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Information Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Good Information Foundation generated $1.9m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATIONS MISSION IS TO INCREASE THE FLOW OF GOOD, FACTUAL INFORMATION ONLINE TO COUNTER AND REBUT THE SPREAD AND MISINFORMATION AND DISINFORMATION. THIS IS DONE BY CREATING,INCUBATING, FUNDING AND LIFTING UP FACT- BASED SOLUTIONS, VOICES, PROGRAMS, JOUNALISM, CONTENT, AND OTHER INITIATIVES THAT CAN BE QUICKLY DEVELOPED, TESTED AND DEPLOYED AT SCALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
OTHER: THE GOOD INFORMATION FOUNDATION'S PURPOSE IS TO INCREASE THE FLOW OF OBJECTIVE AND FACTUAL INFORMATION ONLINE TO COUNTER AND REBUT THE SPREAD OF MISINFORMATION AND DISINFORMATION IN REAL TIME. THEY WILL ACCOMPLISH THIS BY CREATING, INCUBATING, FUNDING AND LIFTING UP FACT-BASED SOLUTIONS, VOICES, PROGRAMS AND INITIATIVES THAT CAN BE QUICKLY DEVELOPED TESTED AND DEPLOYED AT SCALE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Farbman Board Member | Trustee | $0 | |
Debra Lavoy Board Member | Trustee | $0 | |
Karim Sahyoun Treasurer | Trustee | $0 | |
Name Not Listed Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,938,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,938,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,938,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,021 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,075 |
| Fees for services: Accounting | $31,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,381 |
| Total functional expenses | $369,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $994,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $788,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,782,611 |
| Accounts payable and accrued expenses | $25,477 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,477 |
| Net assets without donor restrictions | $1,757,134 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,782,611 |
Grants Awarded
Over the last fiscal year, The Good Information Foundation has awarded $107,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL IMPACT | | | $50,000 |
PUBLIC DEMOCRACY AMERICA | | | $7,000 |
PUBLIC DEMOCRACY AMERICA | | | $10,000 |
PUBLIC DEMOCRACY AMERICA | | | $10,000 |
PUBLIC DEMOCRACY AMERICA | | | $10,000 |
PUBLIC DEMOCRACY AMERICA | | | $10,000 |