Good News In Action Inc
- Assets
- $649.0k
- Revenue
- $945.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Albany, LA
- Founding
- 08/1971
- Data as of
- 12/2022
- EIN
- 72-0695782
Organization Overview
Good News In Action Inc is located in Albany, LA. The organization was established in 1971. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Good News In Action Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News In Action 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 12/2022, Good News In Action Inc generated $945.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $699.2k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GLORIFY GOD AND EXPAND HIS KINGDOM THROUGH EVANGELISM AND CHURCH PLANTING. TO PARTNER WITH GOD IN THE HARVEST OF METRO AMERICA 020 AND THE ESTABLISHMENT OF 50 CHURCHES BY 2025.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PARTNER WITH GOD IN THE HARVEST OF METROAMERICA 020 AND THE ESTABLISHMENT OF 50 CHURCHES BY 2025. CURRENTLY THE RESOURCES ARE GOING TO LATIN AMERICA (COSTA RICA, EL SALVADOR, GUATEMALA, NICARAGUA, HONDURAS, COLOMBIA AND MEXICO CITY). WE HELP SUPPORT AT LEAST 26 PASTORS AND/OR MISSIONARIES AND 13 CHURCHES, AS WELL AS A SCHOOL AND A SEMINARY IN THESE AREAS.
TO PARTNER WITH U.S. CHURCH ORGANIZATIONS WHO WANT TO PARTICIPATE IN MISSION TRIPS IN METRO AMERICA. THIS MONETARY SUPPORT IS TO HELP WITH MISSION TRIPS AND TO ALLOW THE GOSPEL TO BE SPREAD. WE ALSO HELP SUPPORT U.S. MISSIONARIES WHO HAVE A HEART FOR GOD AND HEAR THE CALLING TO GO AND SPREAD THE GOOD NEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kern Director/pres. | OfficerTrustee | 80 | $73,600 |
Brian Busby Board Member | Trustee | 5 | $0 |
Pamali Kern Secretary/treas | OfficerTrustee | 60 | $18,400 |
Scott Labotz Board Member | Trustee | 1 | $0 |
Dr Phil Neighbors Board Member | Trustee | 1 | $0 |
Pastor Randy Ray Agent | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $945,098 |
| Noncash contributions included in lines 1a–1f | $12,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $945,098 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $945,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,236 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $520,948 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,634 |
| Compensation of current officers, directors, key employees. | $105,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,860 |
| Advertising and promotion | $0 |
| Office expenses | $1,586 |
| Information technology | $2,354 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $705 |
| Total functional expenses | $699,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $649,001 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $649,001 |
| Total liabilities and net assets/fund balances | $649,001 |