Better Business Bureau Report for
Good News Partners

Better Business Bureau Report issued July 2014
Better Business Bureau Report expires July 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Good News Partners
Address: 1600 W. Jonquil Terrace
  Chicago, IL 60626
Phone: 773-764-4998
773-764-9214
Web Address: www.goodnewspartners.org
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Better Business Bureau Comments

Year, State Incorporated: 1980, Illinois
Affiliates: None
Stated Purpose: The mission of Good News Partners is to end homelessness and hopelessness to everyone God brings to the organization - to foster justice, and build bridges of reconciliation.

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Evaluation Conclusions

              

Good News Partners meets the 20 Standards for Charity Accountability.
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Programs

              

Good News Partners is a Christian community organization, incorporated in 1980, striving to empower people to embody the church and to reinforce community. The Good News Partners community works together through ministries of housing; youth, learning/enrichment, addiction recovery, and spiritual growth programs; job training/employment opportunities; and community development.

For the fiscal year ended August 31, 2013, Good News Partners's program expenses were:

  
Rental Housing 504,786
Jonquil Hotel 273,894
Builders and Apprentices 203,848
New Life Interim Housing 188,567
Ministry 112,004
Education, Children and Youth 47,345
Total Program Expenses: $1,330,444
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Governance

              

Chief Executive : Bud Ogle, Executive Director
Compensation*: 
$53,186

Chair of the Board: David Holly
Chair's Profession / Business Affiliation: Management Consultant

Board Size: 8

Paid Staff Size: 26

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, grant proposals, planned giving arrangements
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $1,045,726, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Good News Partners's audited financial statements for the fiscal year ended August 31, 2013.

Source of Funds  
Rental 550,851
Corporations and foundations 432,526
Individuals 322,573
Government grants 156,330
Churches 123,082
Program Services revenue-Other 79,942
Contributions-Other 11,215
Miscellaneous 3,801
Investment income (loss) 155
Total Income $1,680,475


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Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 8%  Administrative: 12% 

Total income $1,680,475
Program expenses $1,330,444
Fund raising expenses 134,458
Administrative expenses 208,408
Total expenses $1,673,310
Income in Excess of Expenses 7,165
Beginning net assets 1,304,830
Ending net assets 1,311,995
Total liabilities 4,437,457
Total assets $5,749,452


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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