Good News Charitable Foundation
- Assets
- $300.5k
- Revenue
- $51.3k
- Investments
- $251.6k
- Employees
- 0
- Location
- Fontana, CA
- Founding
- 09/1997
- Data as of
- 12/2020
- EIN
- 33-0746809
Organization Overview
Good News Charitable Foundation is located in Fontana, 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 12/2020, Good News Charitable Foundation generated $51.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $75.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Good News Charitable Foundation has awarded 100 individual grants totaling $606,298. 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 | $28 |
| Dividends & Interest | $9,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,993 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $625 |
| Contributions, gifts, grants paid | $74,785 |
| Total expenses and disbursements | $75,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,826 |
| 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 | $300,461 |
| 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 $74,785 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TEEN BLAZE PURPOSE: SUPPORT RELIGIOUS YOUTH CENTER | $51,276 |
VISION PLUS CHURCH PURPOSE: GENERAL RELIGIOUS PURPOSES | $18,000 |
Perris, CA PURPOSE: GENERAL RELIGIOUS PURPOSES | $1,005 |
BOYS & GIRLS CLUB OF FONTANA PURPOSE: AFTER SCHOOL CARE FOR CHILDREN | $1,000 |
NORTHERN CHATAQUA COMM FDTN PURPOSE: SUPPORTS COMMUNITY PROGRAMS | $1,000 |
CHILDRENS HOSPITAL OF LA PURPOSE: PEDIATRIC CARE AND RESEARCH | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |