Good News Corporation in Brooklyn, New York (NY)

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Good News Corporation
Employer Identification Number (EIN)582664431
Name of OrganizationGood News Corporation
In Care of NamePaul Sladkus
Address33 Flatbush Ave 4th Fl, Brooklyn, NY 11217
SubsectionCharitable Organization, Educational Organization
Ruling Date07/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period2007
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$1
Amount of Income$14,702
Form 990 Revenue Amount$14,702
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Media, Communications Organizations

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Amount of income in 2007: $14,702 (it was $14,702 in 2013)
Good News Corporation: 

Other organizations performing similar types of work: 


Assets in 2007: $1 (it was $1 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $15,149
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.0
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 0.0%
Good News Corporation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$0$14,702
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$14,702
Gross income from gaming$0$0
Gross income from fundraising events$0$14,702
Less: direct expenses from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$0$15,149
Total net assets$447$0
Excess/Deficit for the year$0$-447
Net assets or fund balances at beginning of year$982$447
Other changes in net assets or fund balances$-535$0
Net assets or fund balances at end of year$447$0
Balance Sheets
Total assets$447$1
Total liabilities$0$0
Net assets or fund balances$447$0
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
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?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
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?NoNo
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 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$14,702
Gifts, grants, contributions, and membership fees received$14,702
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$14,702
Public support$14,702
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Number of organizations performing similar types of work
District of Columbia18
North Carolina12
New Hampshire6
New Jersey15
New Mexico9
New York64
Rhode Island1
South Carolina2
South Dakota4
West Virginia1
Total610 is not associated with, endorsed by, or sponsored by Good News Corporation and has no official or unofficial affiliation with Good News Corporation