Good News Ministries is a private foundation focused on Religion Related, 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.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$1.8M
+7525.0% YoY
Grant Count
9
+350.0% YoY
Avg Grant Size
$203K
+1594.4% YoY
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.
About Good News Ministries
Based on IRS filings
Good News Ministries is a private foundation focused on Religion Related, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $827,278 |
| Revenue | $1,347,821 | $323,139 |
| Expenses | $1,839,181 | $31,067 |
| Qualifying Distributions | $1,830,000 | — |
| Net Investment Income | $1,342,821 | $273,139 |
| Distributable Amount | $6,178 | $26,559 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2021
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Christ Church Anglican ($500,000), Lutheran Sunset Ministries ($500,000), Partners Relief & Development ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGUSTIN MARTINEZ MIDLAND, TX | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $18,000 |
| DAVID GERALDINE PENICK MIDLAND, TX | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $6,000 |
| 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 |
| MOUNT CARMEL MINISTRIES ALEXANDRIA, MN | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $150,000 |
| JANET ABNER BIG SPRING, TX | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $4,500 |
| PARTNERS RELIEF & DEVELOPMENT GRAND RAPIDS, MI | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $500,000 |
| RAMIRO LUCIO BIG SPRING, TX | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $1,500 |
| WARTBURG THEOLOGICAL SEMINARY DUBUQUE, IA | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD H COATS | VICE PRESIDENT/SECRETARY | 4 | — |
| SKIP HEDGPETH | PRESIDENT | 1 | — |
| WILLARD B ROBBINS III | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Good News Ministries?
Good News Ministries is a private foundation focused on Religion Related, based in MIDLAND, TX. It holds — in total assets as of 2021.
Where does Good News Ministries operate?
Good News Ministries has awarded grants in Iowa, Michigan, Minnesota, Texas.
What size grants does Good News Ministries award?
In 2021, Good News Ministries awarded 9 grants totaling $1.8M — an average of about $203K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Good News Ministries's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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