Good Forever Foundation
- Assets
- $4.1m
- Revenue
- $4.4m
- Investments
- $4.0m
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3744128
Organization Overview
Good Forever Foundation is located in Austin, TX. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Forever Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Good Forever Foundation generated $4.4m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOSECURITY - MITIGATE RISKS FROM ENGINEERED PATHOGENS
ARTIFICIAL INTELLIGENCE SAFETY RESEARCH - MITIGATE RISKS FROM ARTIFICAL INTELLIGENCE TECHNOLOGY DEVELOPMENT
CIVILIZATION ROBUSTNESS - RESEARCH NEW METHODS OF GOVERNANCE AND COORDINATION TO SURVIVE TECHNOLOGY ADVANCEMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Borgeson Director | 1 | $0 | |
Chelsea Sun Secretary | 40 | $120,000 | |
Jerry Sun President | 40 | $120,000 | |
Alex Vermeer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,427,597 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$969 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,443,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,000 |
| Other employee salaries and wages | $372,157 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,391 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $191,192 |
| Total operating and administrative expenses | $903,038 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $1,178,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,900 |
| Savings and temporary cash investments | $6,060 |
| Net Accounts receivable | $19,468 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,052,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Good Forever Foundation has awarded $275,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR APPLIED RATIONALITY PURPOSE: GENERAL PROGRAM SUPPORT | $150,000 |
FAR AI INC PURPOSE: GENERAL PROGRAM SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Forever Foundation Austin, TX | $4,052,549 | $4,443,251 |
Sri Foundation Corrales, NM | $469,216 | $364,652 |
Institute For Leadership In Capital Projects San Antonio, TX | $86,841 | $234,519 |
Oil Information Library Of Wichita Falls Wichita Falls, TX | $355,278 | $264,078 |
Deep Borehole Demonstration Center Plano, TX | $71,981 | $0 |
Public Invention Austin, TX | $15,530 | $0 |
Oil Information Library Of Fort Worth Fort Worth, TX | $359,578 | $0 |
International Network For The Science Of Team Science League City, TX | $206,081 | $110,652 |