Nonprofit · EIN 86-2025505
THE GOOD INFORMATION FOUNDATION
Tax-exempt · LONG ISLAND CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,449,166 | $1,636,004 | $813,162 | $3,097,052 | $817,417 | $2,279,635 |
| December 31, 2024 | 990 | $1,084,985 | $1,413,650 | -$328,665 | $2,289,524 | $862,448 | $1,427,076 |
| December 31, 2023 | 990 | $1,938,000 | $369,469 | $1,568,531 | $1,782,611 | $25,477 | $1,757,134 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,398,502
- Program service revenue
- $0
- Investment income
- $50,664
- Net gain from sales of assets
- -$10,846
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $430,000
- Other salaries and wages
- $160,208
- Salaries, compensation and benefits (total)
- $173,318
- Professional fundraising fees
- $0
- Legal fees
- $75,603
- Accounting fees
- $37,749
- Travel
- $6,901
- Depreciation
- $2,417
- Program services (functional)
- $430,000
- Management and general (functional)
- $1,206,004
Balance sheet and other
- Total assets, start of year
- $2,289,524
- Total assets, end of year
- $3,097,052
- Total liabilities, end of year
- $817,417
- Net assets, end of year
- $2,279,635
- Land, buildings and equipment
- $26,583
- Publicly traded securities
- $2,303,744
- Net assets without donor restrictions
- $2,279,635
- Gross receipts
- $3,509,773
- Employees
- 3
- Year formed
- 2021
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE FARBMAN | BOARD MEMBER Trustee or director | – | $0 |
| KARIM SAHYOUN | TREASURER Trustee or director | – | $0 |
| TARA MCGOWAN | DIRECTOR/CEO Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE FARBMAN | BOARD MEMBER Trustee or director | – | $0 |
| DEBRA LAVOY | BOARD MEMBER Trustee or director | – | $0 |
| KARIM SAHYOUN | TREASURER Trustee or director | – | $0 |
| TARA MCGOWAN | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE FARBMAN | BOARD MEMBER Trustee or director | – | $0 |
| DEBRA LAVOY | BOARD MEMBER Trustee or director | – | $0 |
| KARIM SAHYOUN | TREASURER Trustee or director | – | $0 |
| TARA MCGOWAN | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 3229 GREENPOINT AVENUE SUITE 454, LONG ISLAND CITY, NY 11101-2005
- Principal officer (990 for 2025)
- TARA MCGOWAN, 101 AVENUE OF THE AMERICA, 9TH FLOOR, NEW YORK, NY 10013
- Signed the 990
- KARIM SAHYOUN, TREASURER
- Phone
- (314) 808-1949
- Return prepared by
- AVM DEMARS CPAS LLP
Mission
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.
Program accomplishments
- N/AExpenses $430,000 · grants $430,000 · revenue $2,437,899
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2025505
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $3,097,052
- Income (IRS master file)
- $3,509,773
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,449,166 | $1,636,004 | $3,097,052 | XML |
| 990 | December 2024 | $1,084,985 | $1,413,650 | $2,289,524 | XML |
| 990 | December 2023 | $1,938,000 | $369,469 | $1,782,611 | XML |
| 990 | December 2022 | $538,064 | $437,680 | $402,854 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2025505).
Questions about THE GOOD INFORMATION FOUNDATION
- What is the EIN of THE GOOD INFORMATION FOUNDATION?
- The employer identification number (EIN) of THE GOOD INFORMATION FOUNDATION is 86-2025505.
- Is THE GOOD INFORMATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THE GOOD INFORMATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE GOOD INFORMATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE GOOD INFORMATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE GOOD INFORMATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE GOOD INFORMATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names TARA MCGOWAN.
- Who are the officers and directors of THE GOOD INFORMATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE GOOD INFORMATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,449,166, expenses of $1,636,004 and total assets of $3,097,052 at year end.
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