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Fost for Good INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Human Services EIN 81-4296001Revenue $50K in FY2022Latest return filed Sep 8, 2025

On file with the IRSNew York, NYTax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is formed to marshal the power of storytelling and new technologies to help amplify the message and impact of worthy non-profits and non-governmental organizations working on the front lines of social impact to make the world a healthy, happier, safer, just and more sustainable place. The corporation will organize, administer and award incentives and prizes to organizations participating in the Fost for Good track at the annual future of storytelling conference. The corporation will work with award winners to help turn their creative ideas into tangible actions and projects.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $5K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
171% of total assets
Concern: liabilities are 171% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
+462% vs prior year
Spent
$76K
To programs
65%
Net assets
−$31K
By yearFY2020–FY2024
Revenue
$50K
FY2022▲ +462%
Tap a bar for its year
Revenue by fiscal year
FY2020$325K
FY2021$9K
FY2022$50K
FY2023$17K
FY2024$81K
Expenses
$76K
FY2022▲ +90%
Tap a bar for its year
Expenses by fiscal year
FY2020$330K
FY2021$40K
FY2022$76K
FY2023$31K
FY2024$30K
Net assets
−$31K
FY2022▼ -598%
Tap a bar for its year
Net assets by fiscal year
FY2020$27K
FY2021−$4K
FY2022−$31K
FY2023−$44K
FY2024$7K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $50K Management & general 35% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fost for Good INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Amplifies worthy causes using storytelling and technology, turning ideas into impactful projects.

Questions for Fost for Good INC

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1 program · $50K · in their own filed words · FY2022
01

The entity has assorted operational expenses for travel, office, marketing, utilities, computer, supplies and fees.

$50Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Dale Kutnick and Laura Gordon Kutnick Foundation INCFY2024$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 4 grants · $116K · 2020–2022
Unitemized GrantFY2022$50,000
National Policing InstituteVA · FY2020$54,254
United Negro College Fund INCDC · FY2020$6,000
NAACP FoundationMD · FY2020$6,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$50K
Money outPt IX
$76K
Ln 25
Programscol B$50K
Managementcol C$26K
Owns and owesPt X
−$31K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$43K
LiabilitiesLn 26$74K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Accounts receivableLn 4$25K
Total assetsLn 16$43K
LiabilitiesLn 26$74K
Net assetsLn 32−$31K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$28K$18K
Total assetsLn 16$53K$43K
LiabilitiesLn 26$57K$74K
Net assetsLn 32−$4K−$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$50K$50K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$50$50
OccupancyLn 16$10K$10K
TravelLn 17$1K$1K
Other expenses (24a–d)Ln 24$13K$13K
Total functional expensesLn 25$76K$50K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 8, 2025 $81K$30K$51K$7K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $17K$31K−$13K−$44K 990 PDF
FY2022 ViewingFiled with the IRS Nov 10, 2023 $50K$76K−$26K−$31K 990 PDF
FY2021Filed with the IRS Mar 9, 2022 $9K$40K−$31K−$4K 990 PDF
FY2020Filed with the IRS Jul 14, 2021 $325K$330K−$5K$27K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $50,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,896$50,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,896$50,000
I-13 Grants and similar amounts paidPrior year $0$50,008
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $40,104$26,377
I-18 Total expensesPrior year $40,104$76,385
I-19 Revenue less expensesPrior year −$31,208−$26,385
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $50,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$50,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$50,000
Part IX · Statement of functional expenses $76,385 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $50,008$50,008
IX-11c Accounting feesManagement $3,000$3,000
IX-11g Other fees for servicesManagement $50$50
IX-16 OccupancyManagement $9,600$9,600
IX-17 TravelManagement $1,044$1,044
IX-24 Other expenses (24a–d)Management $12,683$12,683
IX-25 Total functional expensesPrograms $50,008 · Management $26,377 · Fundraising $0$76,385
Part X · Balance sheet $43,316 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $27,793$18,316
X-4 Accounts receivableStart of year $25,000$25,000
X-16 Total assetsStart of year $52,793$43,316
X-17 Accounts payable and accrued expensesStart of year $9,599$9,600
X-22 Loans from officers and insiders$64,510
X-25 Other liabilitiesStart of year $47,603$0
X-26 Total liabilitiesStart of year $57,202$74,110
X-27 Net assets without donor restrictionsStart of year −$4,409−$30,794
X-32 Total net assets or fund balancesStart of year −$4,409−$30,794
X-33 Total liabilities and net assetsStart of year $52,793$43,316
Part XI · Reconciliation of net assets −$30,794 net assets at year end
XI-1 Total revenue$50,000
XI-2 Total expenses$76,385
XI-3 Revenue less expenses−$26,385
XI-4 Net assets at start of year−$4,409
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$30,794

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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