Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
GOOD NEWS FOUNDATION OF TEXAS
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 368
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MISSOURI CITY, TX774590368
A Employer identification number

84-2034803
B Telephone number (see instructions)

(346) 435-1961
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$13,934,869J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 10,640 10,640  
4 Dividends and interest from securities... 311,327 307,997  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -741,707
b Gross sales price for all assets on line 6a 7,051,308
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,129 1,129  
12 Total. Add lines 1 through 11........ -418,611 319,766  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 15,000   15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
187 94   94
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,539 2,270   2,270
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
81,506 81,506   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,773 4,773   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,002 229   7,773
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 159,007 103,872   25,137
25 Contributions, gifts, grants paid....... 215,000 215,000
26 Total expenses and disbursements. Add lines 24 and 25 374,007 103,872   240,137
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -792,618
b Net investment income (if negative, enter -0-) 215,894
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 376,335 755,258 755,258
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 403,284 0 0
b Investments—corporate stock (attach schedule)....... 8,640,969 Click to see attachment
List of Attached Documents:
// Content
8,825,121 		10,377,682
c Investments—corporate bonds (attach schedule)....... 2,619,982 Click to see attachment
List of Attached Documents:
// Content
2,696,980 		2,728,512
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 440,655 Click to see attachment
List of Attached Documents:
// Content
101,634 		73,417
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,481,225 12,378,993 13,934,869
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................   564,996
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 564,996
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,481,225 11,813,997
29 Total net assets or fund balances (see instructions)..... 12,481,225 11,813,997
30 Total liabilities and net assets/fund balances (see instructions). 12,481,225 12,378,993
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
12,481,225
2
Enter amount from Part I, line 27a .....................
2
-792,618
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
198,819
4
Add lines 1, 2, and 3 ..........................
4
11,887,426
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
73,429
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,813,997
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a INTERACTIVE BROKERS      
b UBS #PJ57619      
c UBS #PJ57777      
d UBS #PJ57619      
e UBS #PJ57777      
SECTION 1256 CONTRACTS SPXW      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,684,520   2,246,636 -562,116
b 9,118   6,870 2,248
c 2,957,687   2,986,524 -28,837
d 85,056   104,461 -19,405
e 2,249,220   2,378,793 -129,573
64,380   69,731 -5,351
1,327     1,327
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -562,116
b       2,248
c       -28,837
d       -19,405
e       -129,573
      -5,351
      1,327
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -741,707
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,001
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,001
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,001
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 13,137
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,137
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 10,136
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow10,136 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowPAMELA J DANIEL Telephone no.right arrow (346) 435-1961

Located atright arrowPO BOX 368MISSOURI CITYTX ZIP+4right arrow774590368
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
C LEN BENCKENSTEIN CHAIRMAN EMERITUS
0.10 		5,000 0 0
PO BOX 368
MISSOURI CITY,TX77459
PAMELA DANIEL SECRETARY & TREASURER/DIRECTOR
0.25 		12,500 0 0
PO BOX 368
MISSOURI CITY,TX77459
NEAL JOHNSON ELLIS DIRECTOR
0.10 		15,000 0 0
PO BOX 368
MISSOURI CITY,TX77459
JOHN BENCKENSTEIN CHAIRMAN
0.10 		12,500 0 0
PO BOX 368
MISSOURI CITY,TX77459
JACOB JOHNSON DIRECTOR
0.10 		0 0 0
PO BOX 368
MISSOURI CITY,TX77459
JAY CHADHA DIRECTOR
0.10 		15,000 0 0
PO BOX 368
MISSOURI CITY,TX77459
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS FINANCIAL SERVICES INC FINANCIAL ADVISOR 51,073
4400 POST OAK PARKWAY SUITE 1700
HOUSTON,TX770273441
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
12,359,540
b
Average of monthly cash balances.......................
1b
393,955
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,753,495
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
12,753,495
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
191,302
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,562,193
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
628,110
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
628,110
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,001
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,001
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
625,109
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
625,109
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
625,109
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
240,137
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
240,137
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 625,109
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 1,107,897
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 1,107,897
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 240,137
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 240,137
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 384,972 384,972
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 722,925
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		722,925
10 Analysis of line 9:
a Excess from 2019.... 722,925
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

CHANGING DESTINY PROJECT

15411 TUTBURY CIRCLE
HOUSTON,TX77044 		NONE 501(C)(3) SUPPORT GENERAL FUND 115,000

PATHWAYS FOR LITTLE FEET

9 GREENWAY PLAZA SUITE 3150
HOUSTON,TX77046 		NONE 501(C)(3) SUPPORT GENERAL FUND 50,000

STAR OF HOPE MISSION

4848 LOOP CENTRAL DR SUITE 500
HOUSTON,TX77081 		NONE 501(C)(3) SUPPORT GENERAL FUND 50,000
Total .................................right arrow 3a 215,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 10,640  
4 Dividends and interest from securities ....     14 311,327  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     18 1,129  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    19 -741,707  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -418,611 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-418,611
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 4,539 2,270   2,270

TY 2023 InvestmentsCorpBondsSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Name of Bond End of Year Book Value End of Year Fair Market Value
ISHARES BROAD USD HIGH YIELD BOND ETF 203,635 209,740
ISHARES CORE S&P 500 ETF 313,848 348,192
ISHARES CORE S&P MIDCAP 60,265 60,696
ISHARES CORE S&P SMALL-CAP ETF 123,987 126,653
ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF 227,801 211,607
ISHARES MSCI EUROZONE 60,241 60,581
ISHARES US TREASURY BOND 251,741 254,569
JPMORGAN BETABUILDERS JAPAN ETF 56,339 59,873
PACE INTERNATIONAL EMERGING MARKETS EQUITY 202,439 209,010
SCHWAB US TIPS ETF 14,621 15,347
THE ISHARES MSCI EMERGING MARKETS EX CHINA ETF 60,374 61,339
UBS EMERGING MARKETS EQUITY 269,851 219,965
VANGUARD FTSE DEVELOPED MKT 185,776 197,252
VANGUARD INTER TERM CORP BOND ETF 259,447 277,734
VANGUARD LONGTERM CORP BOND ETF 176,414 181,059
VANGUARD SHORT-TERM CORP BOND ETF 230,201 234,895

TY 2023 InvestmentsCorpStockSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 14,290 15,520
ABBOTT LABS 167,363 157,510
ABBVIE INC 58,357 67,102
ABBVIE INC 269,678 325,127
ACCENTURE PLC IRELAND CL A 16,128 19,651
ACCENTURE PLC IRELAND CL A 271,946 321,083
ADOBE INC. (DELAWARE) 12,446 14,318
AGILENT TECHNOLOGIES INC 10,379 12,235
AIA GROUP LTD 30,730 22,258
AIB GROUP PLC 16,696 22,737
ALCON INC 17,800 19,764
ALLEGION PLC 12,994 12,416
ALLSTATE CORP 13,778 14,838
ALPHABET INC CL A 62,176 73,477
AMAZON COM INC 56,831 56,978
AMER ELECTRIC POWER CO 6,531 5,848
AMER EXPRESS CO 10,923 12,177
AMERICAN EXPRESS CO 264,656 323,536
AMERICAN TOWER CORP 255,693 224,083
AMGEN 496 576
AMERIPRISE 22,499 31,906
ANALOG DEVICES INC 14,992 15,289
ANSYS INC 8,278 9,435
APA CORP 12,215 15,823
APPLE INC 261,498 309,973
APPLE INC 40,823 58,914
APPLIED MATERIALS 353 648
APTIV PLC 36,435 29,338
ASHTEAD GROUP PLC 21,032 21,585
ASML HLDG NV EUR 14,730 18,073
AUTOMATIC DATA PROCESSNG INC 10,622 11,183
AZENTA INC 10,145 12,311
BANCO DE SABADELL SA EUR 17,201 19,217
BAWAG GROUP AG EUR 22,682 19,981
BENTLEY SYSTEMS INC 17,016 16,332
BERKLEY W R CORP 7,745 10,184
BIO RAD LABORATORIES INC 39,567 30,029
BLACKROCK INC 28,980 34,096
BRIGHT HORIZONS FAMILY 12,497 8,576
BRITISH AMER TOBACCO PLC 20,363 14,733
BROADCOM INC 36,794 59,161
BROADCOM INC 263,182 574,869
BROADRIDGE FINANCIAL SOLUTIONS INC 11,383 14,608
BRUNSWICK CORP 11,443 15,190
BT GROUP PLC 18,747 10,828
BUNGE LIMITED 24,398 27,257
CANADIAN PAC RAILWAY LTD 24,063 25,536
CENTENE CORP 16,766 17,068
CF INDUSTRIES HOLDINGS INC 11,387 13,197
CHARLES RIVER LABORATORIES 19,996 13,948
CHEGG INC 13,758 15,325
CHEMED CORP 9,054 11,110
CHEMOURS CO 239,695 260,741
CHIPOTLE MEXICAN GRILL INC 11,163 13,722
CHOICE HOTELS INTL INC NEW 8,600 7,251
CHUBB LTD CHF 11,805 13,786
CINTAS CORP 244,221 364,609
COCA COLA CO COM 14,875 14,320
COMCAST CORP 24,529 25,740
CONSTELLATION BRANDS INC 11,615 11,846
COOPER COMPANIES INC 23,061 23,463
CROWN CASTLE INC 267,873 183,958
DEXCOM INC 8,122 10,051
DIAGEO PLC NEW GB SPON ADR 3,078 2,476
DIAMONDBACK ENERGY INC. 477,858 549,138
DOLBY LABORATORIES INC 14,202 13,616
DOLLAR TREE INC 22,128 27,700
DOMINO'S PIZZA INC 11,829 12,779
DYNATRACE INC 8,985 9,899
ELI LILLY & CO 216,959 531,040
EOG RESOURCES INC 463,280 464,206
EOG RESOURCES INC 14,558 15,119
EQUIFAX INC 9,866 10,633
EXPONENT 13,365 13,206
EXXON MOBIL CORP 26,799 24,695
FAIR ISAAC CORP 8,516 19,788
FANUC CORP 22,846 17,615
FIDELITY NATL INFO SVCS 22,383 18,441
GENMAB A/S 17,230 13,787
GLENCORE PLC UNSPONSORED ADR 19,680 19,372
GRACO 7,012 8,936
HALEON PLC GBP 27,199 28,118
HAYWARD HLDGS INC 11,630 12,172
HDFC BANK LTD 25,600 23,287
HEICO CORP CLA 13,659 14,956
HEINEKEN HOLDINGS NV EUR 12,853 13,962
HENRY JACK & ASSOC INC 12,085 12,256
HEXPOL AB SEK 13,303 15,192
HOME DEPOT INC 10,568 12,476
HONEYWELL INTL INC 22,724 24,326
HOULIHAN LOKEY INC 10,856 14,509
HUBSPOT INC 9,967 12,772
INFINEON TECHNOLOGIES ADR 15,299 22,097
INGERSOLL RAND INC 17,858 28,770
IQVIA HLDGS INC 10,716 10,181
ITOCHU CORP 18,593 24,595
JOHNSON & JOHNSON COM 13,732 13,950
JOHNSON & JOHNSON COM 272,813 260,659
JPMORGAN CHASE & CO 13,338 17,180
KEYSIGHT TECHNOLOGIES INC COM 18,115 21,636
KLA CORP 279,747 470,853
KNORR-BREMSE 27,329 21,124
KONINKLIJKE PHILIPS NV SPN ADR 24,940 23,820
LABORATORY CORP 18,378 19,320
LAMB WESTON HLDGS INC 11,720 17,943
LAS VEGAS SANDS CORP 9,982 12,204
LEGAL & GENL GROUP PLC GBP 2.5 13,137 14,472
LENNOX INC 14,258 20,138
LILLY ELI & CO 8,610 15,156
LINDE PLC NEW EUR 13,200 15,196
LIVANOVA PLC 17,397 11,538
LIVE NATION ENTERTAINMENT INC 10,654 11,419
LONDON STK EXCH 22,137 25,182
LPL FINL HLDGS INC 7,056 10,926
LULULEMON ATHLETICA INC 7,123 10,226
LYFT INC CL A 14,125 19,187
MARSH & MCLENNAN 25,714 31,452
MARVELL TECHNOLOGY INC 8,826 8,926
MASTERCARD INC CL A 25,010 30,709
MCDONALDS CORP 12,014 12,750
META PLATFORMS INC 9,786 12,035
MICHELIN CGDE 11,582 12,370
MICRON TECHNOLOGY INC 16,343 18,092
MICROSOFT 115,463 156,057
MICROSOFT 266,208 379,800
MONDELEZ INTL 22,050 24,916
MONSTER BEVERAGE CORP NEW COM 7,042 6,971
MORGAN STANLEY 11,749 12,682
MORGAN STANLEY 154,125 165,799
MSCI INC 6,115 7,353
NEXTERA ENERGY 33,798 26,847
NIKE INC 14,381 14,114
NIPPON TELEG & TEL CORP 22,112 24,585
NORDSON CORP 12,071 14,529
NOVARTIS 25,783 29,988
NVIDIA 17,399 46,055
OCADO GROUP PLC GBP 31,013 37,428
PALO ALTO NETWORKS INC 6,013 12,090
PAYCHEX 277,611 271,452
PENTAIR PLC 11,207 15,051
PERNOD RICHARD ORD 17,498 14,117
PHILLIPS 66 6,028 7,589
POOL CORP 18,212 17,942
PRADA 19,901 17,154
PROCTER & GAMBLE CO 11,676 11,577
PROLOGIS INC 32,263 34,258
PRUDENTIAL FINANCIAL 1,817 2,074
REGAL REXNORD CORP 18,745 20,723
REPUBLIC SERVICES INC 6,476 7,916
ROLLINS INC 7,825 8,996
SAIA INC 7,095 14,461
SANDOZ GROUP AG SPON ADR 7,611 8,963
SCOTTS MICRACLE-GRO CO 16,593 6,885
SERVICENOW INC 9,613 14,130
SHELL PLC SPON ADR 29,516 42,178
SHIN-ETSU CHEM 17,993 22,886
SHOALS TECHNOLOGIED GROUP INC 5,761 3,605
SHOPIFY INC CL A 11,622 11,763
SLM CORP VTG 15,938 19,808
SOFTBANK GROUP CORP 17,983 12,948
SONY GROUP CORP 23,458 22,820
SPECTRIS PLC 14,313 14,467
STARBUCKS CORP 15,922 14,786
TAIWAN SEMICONDUCTOR MFG CO 16,463 18,512
TAKE-TWO INTERACTIVE SOFTWARE 24,016 27,201
TARGET 854 712
TECHNOPRO HLDGS 12,867 13,991
TELEDYNE TECHNOLOGIES INC 11,265 12,050
TERADYNE INC 15,854 14,108
TESLA INC 15,605 16,151
TEXAS INSTRUMENTS 163,092 158,698
THE TRADE DESK INC CL A 11,478 10,506
TJX COS INC 11,370 14,353
TRANE TECHNOLOGIES PLC 4,555 5,610
TRANSDIGM GROUP INC 7,127 11,128
UBI SOFT ENTMNT 12,944 5,948
ULTA BEAUTY, INC 7,912 7,840
UNILEVER 18,916 15,562
UNION PACIFIC CORP 22,580 25,299
UNITED HEALTH GROUP INC. 379,802 428,547
UNITED PARCEL SERVICE INC CL B 172,095 142,608
UNITED PARCEL SERVICE INC CL B 14,728 12,264
UNITED RENTALS INC 4,722 8,601
UNITEDHEALTH GROUP 53,347 56,859
UNIVERSAL MUSIC GROUP NV EUR 12,008 13,315
VOYA FINL INC 15,344 17,146
WALMART INC 13,188 12,770
WALMART INC 537 631
WASTE MANAGEMENT 278,684 293,366
WELLS FARGO & CO 28,714 31,698
WEST PHARMACTL 10,406 10,916
WILLIAM COS INC 25,403 31,730
WIZZ AIR HOLDINGS PLC GBP 15,742 12,204
ZEBRA TECHNOLOGIES CORP 18,860 12,573

TY 2023 InvestmentsOtherSchedule2
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACAP STRATEGIC ONE CLASS AT COST 101,634 73,417

TY 2023 LegalFeesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 187 94   94


TY 2023 OtherDecreasesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Description Amount
1256 CONTRACTS 69,731
NONDIVIDEND DISTRIBUTIONS 3,330
INTEREST AND DIVIDEND VARIANCE 368


TY 2023 OtherExpensesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 458 229   229
INSURANCE 5,431 0   5,431
SOFTWARE 820 0   820
SUPPLIES 134 0   134
COMMUNICATION 174 0   174
SUBSCRIPTIONS 985 0   985


TY 2023 OtherIncomeSchedule2
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INTERACTIVE BROKERS 1,117 1,117 1,117
REFUND/REBATE 12 12 12


TY 2023 OtherIncreasesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Description Amount
UNREALIZED GAIN/LOSS 198,819


TY 2023 OtherProfessionalFeesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 81,506 81,506   0


TY 2023 TaxesSchedule
Name:
GOOD NEWS FOUNDATION OF TEXAS
EIN:
84-2034803
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 4,773 4,773   0