Good News Inc in Littleton, Colorado (CO)

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Good News Inc
Employer Identification Number (EIN)010964534
Name of OrganizationGood News Inc
In Care of NameSabina Joseph
Address4798 S Routt Ct, Littleton, CO 80127-1087
SubsectionCharitable Organization, Religious Organization
Ruling Date07/2014
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$6,666
Amount of Income$6,601
Form 990 Revenue Amount$6,601
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Fund Raising and/or Fund Distribution


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Amount of income in 2014: $6,601 (it was $6,601 in 2013)
This organization: 

 $6,601
Other organizations performing similar types of work: 

 $67,593

Assets in 2014: $6,666 (it was $6,666 in 2013)
This organization: 

 $6,666
Other organizations performing similar types of work: 

 $38,144

Expenses in 2013: $14,057
Good News Inc: 

 $14,057
Other organizations performing similar types of work: 

 $42,291

Income to expenses ratio in 2013: 0.5
This organization: 

 0.5
Other organizations performing similar types of work: 

 2.4

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 98.6%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$3,468$9,856$5,555$6,601
Contributions, gifts, grants, and similar amounts received$3,468$9,856$5,555$6,601
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$0$0$0
Total expenses$50$300$4,407$14,057
Total net assets$3,418$12,974$14,122$6,666
Excess/Deficit for the year$3,418$9,556$1,148$-7,456
Net assets or fund balances at beginning of year$0$3,418$12,974$14,122
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$3,418$12,974$14,122$6,666
Balance Sheets
2010201120122013
Total assets$3,418$12,974$14,122$6,666
Total liabilities$0$0$0$0
Net assets or fund balances$3,418$12,974$14,122$6,666
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNoNo
Amount of political expenditures, direct or indirect$0$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNoNo
Total amount involved$0$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Southwest Childrens Swing For Life3911 E Chandler Blvd Pmb 123, Phoenix, AZ 85048AZ2007-03$75,238
2Madge M And Joseph T Mohar Charitable Foundation2423 S Kirkwood Ct, Denver, CO 80222-6411CO2012-08$249,066
3Veterans Passport To Hope, Vp2h4610 S Ulster Suite 105, Denver, CO 80237CO2012-10$220,665
4Woodford Manufacturing Charities Inc2121 Waynoka Rd, Colorado Spgs, CO 80915-1602CO2002-09$219,002
5Pioneers Healthcare Foundation Inc345 Cleveland Street, Meeker, CO 81641CO2011-12$161,274
6Manyoni Orphan PartnersPo Box 1194, Colorado Springs, CO 80901CO2010-09$54,841
7Orphan Coalition1360 Ambergate Court, Monument, CO 80132CO2008-09$40,500
8James Wernke Foundation3252 El Charro Pt, Castle Rock, CO 80108-8497CO2013-02$20,885
9Good News Inc4798 S Routt Ct, Littleton, CO 80127-1087CO2014-07$6,601
10Special Needs Trust Network3773 Cherry Creek N Drive Ste 575, Denver, CO 80209CO2011-02$6,583
11Bungoma Bible Ministries1980 Dennison Ct, Colorado Spgs, CO 80918-3670CO2014-08$2,856
12Global Health Foundation Inc13413 W 62nd Pl, Arvada, CO 80004-6143CO2012-10$2,073
13Stark Foundation Inc1803 N Garfield Ave, Loveland, CO 80538-3847CO1999-05$34
14Anyas Friends3764 Newton St, Denver, CO 80211CO2010-07$0
15Asociacion Centroamericana Unida650 South Cherry St, Denver, CO 80246CO2015-03$0
16Aspen Street Carolers Inc1221 Aspen St, Longmont, CO 80501-3805CO2002-09$0
17Be The Change6393 South Netherland Way, Aurora, CO 80016CO2012-02$0
18Cans For Hope5023 W 120th Ave Ste 204, Broomfield, CO 80020CO2010-03$0
19Care 4 Kids Worldwide9641 Westbury Way, Highlands Ranch, CO 80129CO2010-10$0
20Coal Creek Rotary Charity FundPo Box 546, Louisville, CO 80027CO2008-07$0
Number of organizations performing similar types of work
Alaska6
Alabama37
Arkansas10
Arizona53
California292
Colorado54
Connecticut35
District of Columbia9
Delaware8
Florida202
Georgia64
Hawaii12
Iowa13
Idaho18
Illinois86
Indiana36
Kansas18
Kentucky27
Louisiana33
Massachusetts74
Maryland46
Maine11
Michigan91
Minnesota32
Missouri41
Mississippi9
Montana10
North Carolina95
North Dakota4
Nebraska8
New Hampshire15
New Jersey93
New Mexico9
Nevada29
New York174
Ohio92
Oklahoma19
Oregon48
Pennsylvania109
Rhode Island20
South Carolina24
South Dakota8
Tennessee35
Texas195
Utah31
Virginia62
Vermont7
Washington54
Wisconsin40
West Virginia4
Wyoming6
International3
Total2,511

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