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Nonprofiteer
← FATHER NADOLNY GOOD NEWS FUND INC

Form 990 for tax year 2022

Filed by FATHER NADOLNY GOOD NEWS FUND INC.

Totals

Total revenue
$240,697
Total expenses
$263,035
Contributions and grants received
$228,600
Grants paid
$74,000
Program service revenue
$0
Investment income
$5,242
Other revenue
$6,855
Total assets, end of year
$504,972
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$504,972
Program services expenses (Part IX)
$241,968
Management and general expenses
$3,590
Fundraising expenses
$17,477
Program service expenses (Part III)
$241,968

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $228,600

  • 3 · Investment income

    total $9,300 · unrelated business $0 · excluded $9,300

  • 7a · Gross sales of assets other than inventory

    securities $20,885

  • 7b · Less cost or other basis and sales expenses

    securities $24,943

  • 7c · Gain or loss

    securities -$4,058

  • 7d · Net gain or loss

    total -$4,058 · related or exempt $0 · unrelated business $0 · excluded -$4,058

  • 11a · Other revenue: KIDSEDUCATION BOXES

    total $6,855 · related or exempt $6,855 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $6,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,000 · program services $28,000

  • 3 · Grants to foreign organizations and individuals

    total $46,000 · program services $46,000

  • 24a · Other expenses: PRINTING

    total $50,188 · program services $35,132 · management and general $0 · fundraising $15,056

  • 24b · Other expenses: BANK CHARGES

    total $309 · program services $0 · management and general $309 · fundraising $0

  • 24c · Other expenses: POSTAGE

    total $4,841 · program services $0 · management and general $2,420 · fundraising $2,421

  • 24d · Other expenses: PRAYER BILLBOARDS

    total $43,525 · program services $43,525 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $90,172 · program services $89,311 · management and general $861 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,628 · end of year $244,727

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $321,876 · end of year $260,245

  • 27 · Net assets without donor restrictions

    beginning of year $562,504 · end of year $504,972

Mission and programs · 2022

Mission

HELP THE NEEDY WORLDWIDE; RELIGIOUS EDUCATION; "KIDUCATION" BOXED COLLECT CLOTHES & SHOES FOR PEOPLE IN MEXICO, CHILE, & OTHER COUNTRIES; HELP NEEDY UKRAINE ORPHANS, SCHOOLS IN KENYA, FAMILIES, SCHOOLS, & CHURCHES IN AMERICA.

  • DONATIONS TO VARIOUS CATHOLIC CHARITIES AND SCHOOLS. MANY CHILDREN AND PEOPLE IN THE US AND OTHER COUNTRIES BENEFITTED FROM THE DONATIONS.

    Expenses $6,853 · Grants $6,853

  • . ORPHANAGES, SCHOOL SUPPLIES, ETC.

    Expenses $46,000 · Grants $46,000

  • BILLBOARD PROMOTING JESUS, DISTRIBUTING CROSSES AND ROSARY BEADS, FUNDING LIVE THEATRE PERFORMANCES OF RELIGIOUS PLAYS, AND DISTRIBUTION OF PRINTED RELIGIOUS MATERIALS. MANY PEOPLE BENEFITED FROM THE PROMOTIONS.

    Expenses $189,115

As filed on the 2022 return.

Listed in Part VII

  • Father Edmund Nadolny

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Sister Patricia Gould

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Chester Cornacchia

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202303509349300200

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