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The Degood Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823264889 ✦ Newport news, VA ✦ Designated as a 501(c)(3)

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Overview

What is The Degood Foundation?

The Degood Foundation is a charitable organization that specializes in promoting literacy among children. By implementing remedial reading and motivation programs, this nonprofit instills a love for reading in young minds. One of their significant initiatives is the Imagination Library, which disperses books to children, encouraging literary growth and development. The Degood Foundation's mission is to enhance children's literacy skills, fostering a lifelong passion for reading and learning.


Official website here: www.degoodfoundation.org

Is The Degood Foundation legitimate?

The Degood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Degood Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.degoodfoundation.org

What is the mission statement of The Degood Foundation?

The Degood Foundation's mission is centered around promoting literacy among children. They achieve this through their remedial reading and reading encouragement programs. One of their key initiatives in this regard is the Imagination Library, which distributes books to children. The organization's goal is to foster a love for reading and improve literacy skills in children, thereby setting them up for success in their educational journeys.


Official website here: www.degoodfoundation.org

Who is the CEO of The Degood Foundation?

Kyle Degood is the Executive Director of The Degood Foundation.


Official website here: www.degoodfoundation.org

What is the revenue of The Degood Foundation?

The Degood Foundation's revenue in 2022 was $73,075.


Official website here: www.degoodfoundation.org

Who are the executives of The Degood Foundation and what are their salaries?


Here are 9 key members and their salaries:


Kyle Degood (Executive Director)
  • Compensation: $12,500
  • Related: $0
  • Other: $0
April Cobos (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ethan Martin (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Umstead (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Floyd Bond (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Dews (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Loots (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherie Mungo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Hoffman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.degoodfoundation.org

Where can I find the form 990EZ for The Degood Foundation?

The Degood Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.degoodfoundation.org

Learn more at the official website: www.degoodfoundation.org

Mission Statement of The Degood Foundation

The Degood Foundation, a nonprofit organization, is dedicated to fostering a love for reading in children. It accomplishes this mission through its remedial reading and reading encouragement programs. Among these initiatives, the Imagination Library stands out as a significant component. This program, under the umbrella of The Degood Foundation, aims to provide children with an ample supply of books, fostering a literacy environment that encourages imagination and a lifelong appreciation for reading. By supplying books, The Degood Foundation is essentially planting the seeds of knowledge, creativity, and intellectual curiosity in young minds.

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Impact




August, 2024

The Degood Foundation's impact can be seen through its efforts to provide books for children, particularly through its remedial reading and reading encouragement programs. By offering access to books and literacy initiatives like the Imagination Library, the foundation plays a crucial role in supporting youth development in Newport News, VA.




This information is meant to be a general summary of The Degood Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$73,075 (2022)
Expenses
$84,883 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $73,075

Assets and Liabilities:

  • Total Assets: $90,640
  • Total Liabilities: $23,986
  • Net Assets: $66,654

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Organization Details

Principal Officer

Kyle Degood

Main Address

11817 CANON BLVD STE 402, NEWPORT NEWS, VA, 23606

NTEE Category

Code: O20 - Youth development

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