Nonprofit · EIN 23-7041932
GOOD NEWS INC
Tax-exempt · WOODSBORO, TX 78393
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $18,738 | $35,001 | -$16,263 | $193,651 | $0 | $193,651 |
| December 31, 2023 | 990-EZ | $34,080 | $36,818 | -$2,738 | $209,914 | $0 | $209,914 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,738
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $750
- Occupancy
- $27,897
- Other expenses
- $6,354
- Program services (functional)
- $5,666
Balance sheet and other
- Total assets, start of year
- $209,914
- Total assets, end of year
- $193,651
- Total liabilities, end of year
- $0
- Net assets, end of year
- $193,651
- Cash, savings and investments
- $10,478
- Land and buildings
- $179,737
- Gross receipts
- $18,738
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA WILSON | PRESIDENT | 20 | $0 |
| MARK BLASCHKE | TREASURER | 5 | $0 |
| LESLIE GARZA | SECRETARY | 5 | $0 |
| JOHN SCHLABACH | VICE PRESIDENT | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA WILSON | PRESIDENT | 20 | $0 |
| MARK BLASCHKE | TREASURER | 5 | $0 |
| LESLIE GARZA | SECRETARY | 5 | $0 |
| JOHN SCHLABACH | VICE PRESIDENT | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 528, WOODSBORO, TX 78393-0528
- Mailing address (990-N for 2007)
- PO BOX 528, WOODSBORO TX 783930528
- Principal officer (990-N for 2007)
- DARYLE WILSON, 1009 BURTON, WOODSBORO TX 78393
- Signed the 990-EZ
- LINDA WILSON, PRESIDENT
- Phone
- (361) 543-4979
- Return prepared by
- JENNINGS HAWLEY & CO PC
Mission
TO FURTHER THE GOSPEL OF JESUS CHRIST BY RADIO, BOOKS, LITERATURE AND LETTER DISTRIBUTION, PUBLIC PREACHING AND PRIVATE COUNSELING, AND FURNISHING OF EQUIPMENT, SUPPLIES AND GIFTS TO PERSONS IN THE SERVICE OF JESUS CHRIST, AND TO HELP THOSE IN NEED FOR THE PURPOSE OF WINNING THEIR SOULS AND LIVES IN THE FOLLOWING OF JESUS CHRIST.
Program accomplishments
- 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.Expenses $5,666
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7041932
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $193,651
- Income (IRS master file)
- $18,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $18,738 | $35,001 | $193,651 | XML |
| 990-EZ | December 2023 | $34,080 | $36,818 | $209,914 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: DARYLE WILSON | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7041932).
Questions about GOOD NEWS INC
- What is the EIN of GOOD NEWS INC?
- The employer identification number (EIN) of GOOD NEWS INC is 23-7041932.
- Is GOOD NEWS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to GOOD NEWS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOOD NEWS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GOOD NEWS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOOD NEWS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of GOOD NEWS INC?
- The 990-N for 2007 names DARYLE WILSON.
- Who are the officers and directors of GOOD NEWS INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GOOD NEWS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $18,738, expenses of $35,001 and total assets of $193,651 at year end.
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