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Good Soil Edc Inc

EIN 99-0625536 · Dallas, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceWeak20 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PROVIDE EDUCATIONAL RESOURCES FOR MINORITY, INDIGENOUS OR OTHERWISE UNDER RESOURCED ENTREPRENEURS. THIS WILL BE DONE THROUGH AN ONLINE PLATFORM WHERE INDIVIDUALS CAN ACCESS TRAINING MATERIALS, MENTORSHIP, AND OTHER RESOURCES THAT HAVE HISTORICALLY BEEN DIFFICULT FOR THESE COMMUNITIES TO ACCESS.

Income
$4.1 million
Spending
$3.9 million
Spent on programs
63%
Reserves
0.8 months of spending
Largest source of income
donations and private grants, 86%
Employees
10
Volunteers
0
Highest pay
$163,833, sr director/manager

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100. Higher than 35% of charities in its peer group (education, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.8 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 6% of income.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 14 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 20 out of 100. Higher than 1% of charities in its peer group (education, $1m to $10m).

  • Independent board

    5 of 25

    0 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $2.0 million spent. A CONFERENCE THAT BRINGS TOGETHER ENTREPRENEURS, BUSINESS LEADERS, AND INVESTORS TO SHARE RESOURCES, NETWORK, AND GROW THEIR BUSINESSES. IT INCLUDES WORKSHOPS, PANELS, KEYNOTE SPEAKERS, AND A PITCH COMPETITION. DEDICATED TO HELPING ONE MILLION ENTREPRENEURS GENERATE $1 MILLION DOLLARS IN REVENUE OVER THE NEXT TEN YEARS BY PROVIDING NETWORKING AND SOLUTIONS FOR GROWING AND SCALING BUSINESSES.
  2. $412,135 spent. GOOD SOIL HQ IS A T.D. JAKES ENTERPRISES PROJECT APP (IOS & ANDROID). APP IS DESIGNED TO CONNECT ENTREPRENEURS WITH RESOURCES AND OPPORTUNITIES TO FOSTER BUSINESS GROWTH AND GENERATIONAL WEALTH, WITH A GOAL OF SUPPORTING A MILLION BUSINESSES IN A DECADE. SELF-PACED COURSES, MENTORSHIP, DAILY DISCUSSIONS, VIDEO MASTERMIND SESSIONS, SPECIAL OFFERS FROM SUPPLIERS AND FUNDERS. APP BRINGS YOU A COMMUNITY TO SUPPORT YOUR BUSINESS GROWTH. THERE ARE 3 MEMBERSHIP LEVELS: IMPACT (FREE), GROW (PAID), & SCALE (INVITE). APP IS CONTINUING TO GROW BY PROVIDING TANGIBLE THINGS THAT ARE HELPING ENTREPRENEURS GROW. HAVE 27,055 MEMBERS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.