Father Nadolny Good News Fund Inc
- Assets
- $562.5k
- Revenue
- $610.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield, CT
- Founding
- 05/1983
- Data as of
- 01/2022
- EIN
- 06-1079819
Organization Overview
Father Nadolny Good News Fund Inc is located in Bloomfield, CT. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Father Nadolny Good News Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2022, Father Nadolny Good News Fund Inc generated $610.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $474.2k during the year ending 01/2022. While expenses have increased by 16.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO VARIOUS CATHOLIC CHARITIES AND SCHOOLS. MANY CHILDREN AND PEOPLE IN THE US AND OTHER COUNTRIES BENEFITTED FROM THE DONATIONS.
DONATIONS TO AFRICAN AND INDIAN CHARITIES FOR BUILDING PROJECTS, SCHOLARSHIPS, ORPHANAGES, SCHOOL SUPPLIES, ETC.
BILLBORAD 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.
MISCELLANEOUS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chester Cornacchia Vice President | Officer | 5 | $0 |
Sister Patricia Gould Secretary | Officer | 15 | $0 |
Father Edmund Nadolny President/treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $579,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,266 |
| Total Program Service Revenue | $0 |
| Investment income | $7,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,045 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $246,425 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,745 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $59,967 |
| Total functional expenses | $474,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $321,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $562,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $562,504 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $562,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Father Nadolny Good News Fund Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $200,000 |
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Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
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Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |