The Foundation For Good News

Clinton, NC
Tax-exempt since July 1989
EIN: 56-1635295

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$75.7k (2024)

Expenses

$48.3k (2024)

Total Assets

$466k (2024)

Total Liabilities

$582k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$75,699

Expenses

$48,313

Net Income

$27,386

Net Assets

-$115,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$69,455	91.8%
Interest Revenue	$964	1.3%
Dividends	$0
Sales of Assets	$0
Other Income	$5,280	7.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,615	73.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$466,189
Total Liabilities	$582,062
Net Assets	-$115,873

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$14,219

Expenses

$52,329

Net Income

-$38,110

Net Assets

-$143,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,571	25.1%
Interest Revenue	$8	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$10,640	74.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,515	75.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$414,282
Total Liabilities	$557,541
Net Assets	-$143,259

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$201,750

Expenses

$300,829

Net Income

-$99,079

Net Assets

-$105,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$147,020	72.9%
Interest Revenue	$46	0.0%
Dividends	$0
Sales of Assets	$44,384	22.0%
Other Income	$10,300	5.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,750	13.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$452,486
Total Liabilities	$557,635
Net Assets	-$105,149

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 3, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$15,674

Expenses

$214,731

Net Income

-$199,057

Net Assets

-$6,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,640	99.8%
Interest Revenue	$34	0.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,629	22.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$572,468
Total Liabilities	$578,538
Net Assets	-$6,070

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on April 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$6,988

Expenses

$29,682

Net Income

-$22,694

Net Assets

$192,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,491	21.3%
Interest Revenue	$152	2.2%
Dividends	$0
Sales of Assets	$0
Other Income	$5,345	76.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,485	55.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$481,108
Total Liabilities	$288,121
Net Assets	$192,987

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$135,491

Expenses

$40,211

Net Income

$95,280

Net Assets

$215,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$135,437	100.0%
Interest Revenue	$54	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,605	66.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$504,649
Total Liabilities	$288,968
Net Assets	$215,681

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 5, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$1,167

Expenses

$26,951

Net Income

-$25,784

Net Assets

$120,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,145	98.1%
Interest Revenue	$22	1.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,675	47.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$463,606
Total Liabilities	$343,205
Net Assets	$120,401

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$90,370

Expenses

$29,404

Net Income

$60,966

Net Assets

$146,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$90,297	99.9%
Interest Revenue	$73	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,104	37.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$489,873
Total Liabilities	$343,688
Net Assets	$146,185

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$485

Expenses

$15,002

Net Income

-$14,517

Net Assets

$85,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$352	72.6%
Interest Revenue	$133	27.4%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,442	49.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$265,687
Total Liabilities	$180,468
Net Assets	$85,219

Compensation

Key Employees and Officers	Compensation	Other
George E Wilson (President)	$0	$0
Jeffrey S Wilson (Vice Pres)	$0	$0
Regina W Parker (Secretary)	$0	$0
Sharlene W Tew (Treasurer)	$0	$0

+ View more people

990-PF

Filed on May 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$802

Expenses

$16,122

Net Income

-$15,320

Net Assets

$99,736

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$647	80.7%
Interest Revenue	$155	19.3%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,044	43.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$281,529
Total Liabilities	$181,793
Net Assets	$99,736

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$24,102

Expenses

$16,064

Net Income

$8,038

Net Assets

$115,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,752	15.6%
Interest Revenue	$36	0.1%
Dividends	$0
Sales of Assets	$20,314	84.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,190	51.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$295,295
Total Liabilities	$180,239
Net Assets	$115,056

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$571

Expenses

$13,672

Net Income

-$13,101

Net Assets

$107,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$567	99.3%
Interest Revenue	$4	0.7%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,141	37.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$287,739
Total Liabilities	$180,721
Net Assets	$107,018

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$15,505

Expenses

$14,206

Net Income

$1,299

Net Assets

$120,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,497	99.9%
Interest Revenue	$8	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,342	37.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$300,549
Total Liabilities	$180,430
Net Assets	$120,119

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$21,367

Expenses

$15,113

Net Income

$6,254

Net Assets

$118,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,323	99.8%
Interest Revenue	$44	0.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,024	39.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$309,033
Total Liabilities	$190,213
Net Assets	$118,820

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

The Foundation For Good News

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $75.7k (2024)

Expenses $48.3k (2024)

Total Assets $466k (2024)

Total Liabilities $582k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$75.7k (2024)

Expenses

$48.3k (2024)

Total Assets

$466k (2024)

Total Liabilities

$582k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001