Good News Foundation Of Central Ny Inc
- Assets
- $15.2m
- Revenue
- $1.0m
- Investments
- $4.4m
- Employees
- 0
- Location
- Utica, NY
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 16-1421215
Organization Overview
Good News Foundation Of Central Ny Inc is located in Utica, NY. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News Foundation Of Central NY Inc 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 News Foundation Of Central NY Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Good News Foundation Of Central NY Inc has awarded 30 individual grants totaling $4,867,042. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEIDELMAN SCHOLARSHIPS WERE DISTRIBUTED TO 56 STUDENTS ATTENDING 4 LOCAL AREA CATHOLIC SCHOOLS ALLOWING THE STUDENTS TO STRENGTHEN THEIR EDUCATIONAL FOUNDATION AND SPIRITUAL GROWTH. TOTALING $20,000. A ST. ELIZABETH ANN SETON SCHOLARSHIP WAS GRANTED TO 1 STUDENT TOTALING $1,250.
LIFE CYCLE PROGRESSION FUNDS WERE SPENT ON PROGRAMS FOCUSING ON ENHANCING RELATIONSHIPS THROUGH FAITH AND COMMUNICATION SKILLS FOR MARRIAGE AND FAMILY LIFE. THESE PROGRAMS INCLUDE THE THIRD OPTION, AN ONGOING PROGRAM TO HELP BUILD BETTER MARRIAGES THROUGH EXPRESSING AND COMMUNICATING FEELINGS EFFECTIVELY. OTHER PROGRAMS INCLUDE GRIEF SURVIVORS, SEPARATED & DIVORCED, PARENTS OF ADDICTED LOVED ONES AND A CONTINUING BIBLE STUDY SERIES. THESE PROGRAMS FOCUS ON HEALING AND SPIRITUAL RENEWAL. WE ALSO OFFERED THEOLOGY UNCORKED, A PROGRAM WHERE PEOPLE CAN ASK QUESTIONS RELATED TO THEIR FAITH TO A SPEAKER SPECIALIZING IN A CHOSEN TOPIC. WE ALSO OFFER A SUPPORT PROGRAM CALLED CAREGIVERS SUPPORT GROUP TO HELP INDIVIDUALS WHO CARE FOR A LOVED ONE.
PROCEEDS FROM OUR FLAGS FOR HEROES EVENT WERE AWARDED TO SITRIN'S MILITARY REHABILITATION PROGRAMS. THESE PROGRAMS INCLUDE MANY DIFFERENT THERAPY TYPES AS WELL AS RETREATS AND ADAPTIVE SPORTS.
GRANTS IN 2021 WERE DISTRIBUTED AS VARIOUS GRANTS THROUGHOUT THE LOCAL AREA. USE OF GRANT FUNDS RANGED FROM YOUTH RETREATS, MARCH FOR LIFE, JAZZ NAVITITY, SPIRITUAL HEALING FOR VETERANS, BIRTHING CLASSES,TECHNOLOGY FOR PARISH PROGRAMS AND MORE. THE BENEFIT OF THESE FUNDS REACHED A DIVERSE GROUP OF INDIVIDUALS IN THE COMMUNITY RANGING FROM VETERANS AND UNWED MOTHERS TO MANY YOUTH IN LOCAL AREA PARISHES. EACH GRANT WAS AWARDED WITH THE INTENTION OF ENHANCING THE LIVES OF OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Tyksinski Director | 1 | $0 | |
FR James Cesta Director | 1 | $0 | |
John Sadallah Director | 1 | $0 | |
Patrick Quinn Director | 1 | $0 | |
Scott Bolen Director | 1 | $0 | |
Judy Hauck Interim Ed/secretary | 40 | $9,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $633,339 |
| Interest on Savings | $69,490 |
| Dividends & Interest | $82,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,704 |
| Capital Gain Net Income | $72,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $482,128 |
| Profit on Inventory Sales | $0 |
| Other Income | $167,235 |
| Total Revenue | $1,025,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,868 |
| Other employee salaries and wages | $361,932 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,018 |
| Depreciation | $89,348 |
| Occupancy | $18,643 |
| Travel, conferences, and meetings | $3,996 |
| Printing and publications | $79,332 |
| Other expenses | $339,498 |
| Total operating and administrative expenses | $1,075,820 |
| Contributions, gifts, grants paid | $68,464 |
| Total expenses and disbursements | $1,144,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,959 |
| Savings and temporary cash investments | $774 |
| Net Accounts receivable | $290 |
| 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 | $13,442 |
| Prepaid expenses and deferred charges | $3,920 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,403,610 |
| Net Land, buildings, and equipment | $1,840,985 |
| Other assets | $8,810,727 |
| Total assets | $15,161,707 |
| Accounts payable and accrued expenses | $15,663 |
| 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 | $19,686 |
| Total liabilities | $35,349 |
Grants Awarded
Over the last fiscal year, Good News Foundation Of Central Ny Inc has awarded $68,464 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS STUDENTS LOCAL AREA CATHOLIC SCHOOLS PURPOSE: EDUCATION | $21,251 |
PARISH RENEWAL GRANTS PURPOSE: PROGRAM SUPPORT | $47,063 |
VARIOUS CONTRIBUTIONS PURPOSE: PROGRAM SUPPORT | $150 |