Good News Ministries
Good News Ministries is a private foundation focused on religion, based in Midland, TX. IRS filing data is available from 2020 through 2021. In 2021, it awarded 9 grants totaling $1.8M. Net investment income was $1.3M.
Good News Ministries at a glance
In short: Good News Ministries gave $1.8M across 9 grants in 2021 (avg $203K), mostly in Texas. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $1,830,000
- +7525.0% vs 2020
- Grants made (2021)
- 9
- +350.0% vs 2020
- Average grant
- $203,333
- +1594.4% vs 2020
- Median grant
- $150,000
- Primary geography
- Texas (56% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Good News Ministries funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2021
The largest 2021 recipient was Christ Church Anglican ($500K). Together the top 5 received $1.8M.
Organizations only. It also paid 4 grants to individuals ($30,000), which are not listed by name.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 6 grants of 11 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 9 itemized grants.
Cities
How Good News Ministries gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $24K (2020) to $1.8M (2021). In 2021 it made 9 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Christ Church Anglican Midland, TX | To assist and support the services and programs of the foundation. | $500,000 |
| Lutheran Sunset Ministries Clifton, TX | To assist and support the services and programs of the foundation. | $500,000 |
| Partners Relief & Development Grand Rapids, MI | To assist and support the services and programs of the foundation. | $500,000 |
| Mount Carmel Ministries Alexandria, MN | To assist and support the services and programs of the foundation. | $150,000 |
| Wartburg Theological Seminary Dubuque, IA | To assist and support the services and programs of the foundation. | $150,000 |
| 4 grants to individuals Recipients not named | — | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $1,347,821 | $1,839,181 | $1,830,000 | 9 | $1,830,000 | $1,342,821 | $6,178 |
| 2020 | $827,278 | $323,139 | $31,067 | $24,000 | 2 | — | $273,139 | $26,559 |
Under IRS private-foundation payout rules, Good News Ministries reported a distributable amount of $6K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Good News Ministries is led by Skip Hedgpeth, President since 2021 (on filings since 2020); none of the 3 officers listed in 2021 report compensation.
Officers on the 2021 filing
Skip Hedgpeth
President
Director → President, 2021
On filings since 2020
1 hr/week
No compensation reported
Willard B. Robbins III
Director
New on the 2021 filing
1 hr/week
No compensation reported
Richard H. Coats
Vice President & Secretary
President, Secretary, Treasurer & Director → Vice President & Secretary, 2021
On filings since 2020
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Good News Ministries
How much does Good News Ministries give each year?
Good News Ministries gave $1.8M across 9 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $24K across 2 grants.
What is Good News Ministries's typical grant size?
Good News Ministries's median grant in 2021 was $150,000, and its average grant was $203,333, across 9 grants on its 2021 IRS Form 990-PF.
Where does Good News Ministries give grants?
Good News Ministries gives mostly in Texas: 56% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The next largest states were Michigan (27%) and Minnesota (8%).
Does Good News Ministries give general operating support?
Not in 2021: none of the 9 grants with a stated purpose on Good News Ministries's 2021 IRS Form 990-PF were described as general or operating support.
Who are Good News Ministries's largest grantees?
Good News Ministries's largest 2021 grantees include Christ Church Anglican ($500,000), Lutheran Sunset Ministries ($500,000) and Partners Relief & Development ($500,000), according to its 2021 IRS Form 990-PF. It also paid 4 grants to individuals ($30,000), which are not listed by name. Together they received 82% of its itemized 2021 grant dollars.
What is Good News Ministries?
Good News Ministries is a private foundation focused on religion, based in Midland, TX.
How much is Good News Ministries required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Good News Ministries reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Good News Ministries's EIN?
Good News Ministries's EIN (Employer Identification Number) is 75-2629527. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 30, 2022)
- IRS filings on file for fiscal years 2020–2021
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