Father Nadolny Good News Fund Inc in Bloomfield, Connecticut (CT)

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Father Nadolny Good News Fund Inc
Employer Identification Number (EIN)061079819
Name of OrganizationFather Nadolny Good News Fund Inc
Address467 Bloomfield Ave, Bloomfield, CT 06002-2903
ActivitiesOther religious activities
SubsectionCharitable Organization
Ruling Date05/1983
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 Period01/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$90,568
Amount of Income$164,469
Form 990 Revenue Amount$159,687


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Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$89,132$159,687
Contributions, gifts, grants, and similar amounts received$55,220$141,402
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$4$1,401
Gain/Loss from sale of assets other than inventory$3,206$0
Net income/loss from gaming and fundraising events$30,702$22,784$16,884
Gross income from gaming$0$0$0
Gross income from fundraising events$50,786$21,666
Less: direct expenses from gaming and fundraising events$20,084$4,782
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$88,628$149,375
Total net assets$-4,436$-16,123
Excess/Deficit for the year$504$10,312
Net assets or fund balances at beginning of year$9,825$-26,435
Other changes in net assets or fund balances$-14,765$0
Net assets or fund balances at end of year$-16,123
Balance Sheets
201220132014
Total assets$106,655$84,656$90,568
Total liabilities$111,091$111,091$106,691
Net assets or fund balances$-4,436$-16,123
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
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?Yes
Total amount involved$106,691
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$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?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
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
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$574,722
Subtotal Support$574,722
Gifts, grants, contributions, and membership fees received$574,722
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$611,630
Public Support$574,722
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$36,908
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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