Good News Inc
- Assets
- $209.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woodsboro, TX
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 23-7041932
Organization Overview
Good News Inc is located in Woodsboro, TX. The organization was established in 1970. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News 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 Inc generated $34.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ALL EXPENSES OF THE ORGANIZATION ARE IN CONNECTION WITH ITS EXEMPT PURPOSE OF PROVIDING AN AFTER SCHOOL PROGRAM FOR CHILDREN OF SINGLE PARENTS. AN AVERAGE OF 40 CHILDREN ATTEND THE PROGRAM ON A DAILY BASIS. FREE SNACKS, CRAFT SESSIONS, BIBLE STUDY, AND SPORTS ARE SOME OF THE ACTIVITIES THE AFTER SCHOOL PROGRAM OFFERS TO ITS ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wilson President | 20 | $0 | |
Mark Blaschke Treasurer | 5 | $0 | |
Leslie Garza Secretary | 5 | $0 | |
John Schlabach Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,080 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $3,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,080 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,400 |
| Occupancy, rent, utilities, and maintenance | $29,409 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,009 |
| Total expenses | $36,818 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,726 |
| Other assets | $0 |
| Total assets | $209,914 |
| Total liabilities | $0 |
| Net assets or fund balances | $209,914 |