Public Charity

FOUNDATION FOR GOOD BUSINESS

FOUNDATION FOR GOOD BUSINESS is a nonprofit organization categorized as Public Charity based in RALEIGH, NC. Its most recent IRS filing (2025) reports revenue of $304K, expenses of $148K, total assets of $842K. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $217K.

EIN: 561647986 RALEIGH, NC Latest filing: 2025
Total Revenue$304K
Total Expenses$148K
Total Assets$842K
Grant Records10
Funding Total$217K
Filing Years2021–2025

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.

Officers & Directors

PRESIDENT Anna Smith Felts
BOARD MEMBER Bearta Alchacar
BOARD MEMBER Casey Eatman Lovas
SECRETARY/TR Cheryl Mattlingly
BOARD MEMBER Erica Gallion
BOARD MEMBER Fred Mills Sr

Officer compensation and complete director data available with membership.

Top Grant Purposes

CHARITABLE GIFT
$210,000 7 grants
TO SUPPORT THE ORGANIZATION'S STATED MISSION
$5,863 1 grant
GROWTH
$1,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $304K $148K $842K
2024 $247K $143K $687K
2023 $103K $89K $583K
2022 $111K $91K $568K
2021 $114K $119K $548K

Between 2021 and 2025, reported annual revenue grew from $114K to $304K (+166%), with total assets most recently reported at $842K.

Interactive year-over-year charts and full filing details available with membership.

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