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The Good Information Foundation

Tax-deductible

Long Island City, NY501(c)(3)Since 2021Arts & CultureEIN 86-2025505Revenue $2.4M in FY2025

On file with the IRS3229 Greenpoint Avenue Suite 454, 11101-2005 · Long Island City, NYTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $538K a year · 36% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$817K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+126% vs prior year
Spent
$1.6M
To programs
26%
Net assets
$2.3M
By yearFY2021–FY2025
Revenue
$2.4M
FY2025▲ +126%
Tap a bar for its year
Revenue by fiscal year
FY2021$100K
FY2022$538K
FY2023$1.9M
FY2024$1.1M
FY2025$2.4M
Expenses
$1.6M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$438K
FY2023$369K
FY2024$1.4M
FY2025$1.6M
Net assets
$2.3M
FY2025▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2021$100K
FY2022$200K
FY2023$1.8M
FY2024$1.4M
FY2025$2.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

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

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $430K Management & general 74% · $1.2M

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Steve Farbman
Board Member
$0Pt VII · Sec A
Karim Sahyoun
Treasurer
$0Pt VII · Sec A
Tara McGowan
Director/CEO
$0Pt VII · Sec A
See The Good Information Foundation executive salaries →

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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

Programs and updates

Promotes factual information online by funding and amplifying evidence-based solutions and content.

Questions for The Good Information Foundation

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Provided by the organization

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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 · FY2025
Wellspring FoundationFY2025$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 12 grants · $1.2M · 2023–2025
Individual RecipientFY2025$400,000
Public Democracy AmericaFY2025$30,000
Lexington Observer INCMA · FY2024$500,000
Public Democracy AmericaVA · FY2024$120,000
Social Impact FundCA · FY2024$75,000
Individual RecipientFY2023$50,000
Public Democracy AmericaVA · FY2023$10,000
Public Democracy AmericaVA · FY2023$10,000
Public Democracy AmericaVA · FY2023$10,000
Public Democracy AmericaVA · FY2023$10,000
Public Democracy AmericaVA · FY2023$10,000
Public Democracy AmericaVA · FY2023$7,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$51K
Money outPt IX
$1.6M
Ln 25
Programscol B$430K
Managementcol C$1.2M
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$3.1M
LiabilitiesLn 26$817K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$51K
Gains on assetsLn 7−$11K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$300K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$2K
Total assetsLn 16$3.1M
LiabilitiesLn 26$817K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$683K$300K
InvestmentsLn 11–13$1.6M$2.3M
Land, buildings, equipmentLn 10c$27K
Total assetsLn 16$2.3M$3.1M
LiabilitiesLn 26$862K$817K
Net assetsLn 32$1.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$430K$430K
Other salaries and wagesLn 7$160K$160K
Payroll taxesLn 10$13K$13K
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$38K$38K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$7K$7K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$880K$880K
All other expensesLn 24e$106$106
Total functional expensesLn 25$1.6M$430K$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.4M$1.6M$813K$2.3M 990 PDF
FY2024 $1.1M$1.4M−$329K$1.4M 990 PDF
FY2023 $1.9M$369K$1.6M$1.8M 990 PDF
FY2022 $538K$438K$100K$200K 990 PDF
FY2021 $100K$100K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,449,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $881,523$2,398,502
I-9 Program service revenue$0
I-10 Investment incomePrior year $203,462$50,664
I-11 Other revenue$0
I-12 Total revenuePrior year $1,084,985$2,449,166
I-13 Grants and similar amounts paidPrior year $695,000$430,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$173,318
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $718,650$1,032,686
I-18 Total expensesPrior year $1,413,650$1,636,004
I-19 Revenue less expensesPrior year −$328,665$813,162
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,449,166 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,398,502
VIII-1h Total contributions, gifts and grants$2,398,502
VIII-3 Investment incomeRelated to mission $61,510$61,510
VIII-7 Net gain or loss on sales of assetsRelated to mission −$10,846−$10,846
VIII-12 Total revenueRelated to mission $50,664$2,449,166
Part IX · Statement of functional expenses $1,636,004 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $430,000$430,000
IX-7 Other salaries and wagesManagement $160,208$160,208
IX-10 Payroll taxesManagement $13,110$13,110
IX-11b Legal feesManagement $75,603$75,603
IX-11c Accounting feesManagement $37,749$37,749
IX-12 Advertising and promotionManagement $15,924$15,924
IX-13 Office expensesManagement $6,886$6,886
IX-17 TravelManagement $6,901$6,901
IX-19 Conferences, conventions and meetingsManagement $5,274$5,274
IX-22 Depreciation, depletion and amortizationManagement $2,417$2,417
IX-23 InsuranceManagement $1,701$1,701
IX-24 Other expenses (24a–d)Management $880,125$880,125
IX-24e All other expensesManagement $106$106
IX-25 Total functional expensesPrograms $430,000 · Management $1,206,004 · Fundraising $0$1,636,004
Part X · Balance sheet $3,097,052 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $682,965$300,241
X-4 Accounts receivableStart of year $10,000$451,750
X-9 Prepaid expenses and deferred chargesStart of year $4,081$12,720
X-10c Land, buildings and equipment, net$26,583
X-11 Publicly traded securitiesStart of year $1,592,478$2,303,744
X-15 Other assets$2,014
X-16 Total assetsStart of year $2,289,524$3,097,052
X-17 Accounts payable and accrued expensesStart of year $45,782$101,130
X-19 Deferred revenueStart of year $816,666$715,732
X-25 Other liabilities$555
X-26 Total liabilitiesStart of year $862,448$817,417
X-27 Net assets without donor restrictionsStart of year $1,427,076$2,279,635
X-32 Total net assets or fund balancesStart of year $1,427,076$2,279,635
X-33 Total liabilities and net assetsStart of year $2,289,524$3,097,052
Part XI · Reconciliation of net assets $2,279,635 net assets at year end
XI-1 Total revenue$2,449,166
XI-2 Total expenses$1,636,004
XI-3 Revenue less expenses$813,162
XI-4 Net assets at start of year$1,427,076
XI-10 Net assets at end of year$2,279,635

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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