Good News Charitable Foundation
- Assets
- $101.0k
- Revenue
- $47.1k
- Investments
- $63.3k
- Employees
- 0
- Location
- Rialto, CA
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 33-0746809
Organization Overview
Good News Charitable Foundation is located in Rialto, CA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News Charitable 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 News Charitable Foundation generated $47.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $72.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Good News Charitable Foundation has awarded 124 individual grants totaling $823,867. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melton L Bacon Dir/pres/tre | 0 | $0 | |
Katherine L Bacon Dir/vp/sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $82 |
| Dividends & Interest | $7,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,647 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109 |
| Total operating and administrative expenses | $7,582 |
| Contributions, gifts, grants paid | $65,276 |
| Total expenses and disbursements | $72,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,698 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $100,964 |
| 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 News Charitable Foundation has awarded $65,276 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITA PURPOSE: MEDICAL RESEARCH | $500 |
RONALD MCDONALD HOUSE PURPOSE: PROVIDE SUPPORT FOR FAMILIES | $6,000 |
VISION PLUS CHURCH PURPOSE: GENERAL RELIGIOUS PURPOSES | $7,500 |
TEEN BLAZE PURPOSE: SUPPORT RELIGIOUS YOUTH CENTER | $51,276 |