Annual Information Statement 2017

Legal Name: 
The Goodes O'Loughlin Foundation Limited
ABN: 
59139676010

Section A: Charity Information

Other names charity is known by (such as trading name): 
GO Foundation
Charity size: 
Medium
Fundraising online: 
No
Basic Religious Charity: 
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity: 
Other education
Main activities: 
  • Primary and secondary education
  • Higher education
Description of charity's activities and outcomes: 
Provide day student scholarships for Indigenous students at quality schools.
Main beneficiary: 
Aboriginal and Torres Strait Islander people
Where the charity conducted activities during the 2017 reporting period: 
  • Australian Capital Territory
  • New South Wales
  • Northern Territory
  • Queensland
  • South Australia
  • Tasmania
  • Victoria
  • Western Australia
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources: 
  • Full time employees: 1
  • Part time employees: 1
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 1
  • Estimated number of volunteers: 0

Section D: Finance

Charity's 2017 reporting period: 
1 July 2016 to 30 June 2017
Type of financial statement: 
General purpose financial statements - reduced disclosure regime
Financial report consolidated with more than one entity?
No

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$552,181.00
Revenue from providing goods or services: 
$0.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$6,027.00
All other revenue: 
$0.00
Total revenue: 
$558,208.00
Other income (for example, gains): 
$0.00
Total gross income: 
$558,208.00
Expenses
Employee expenses: 
$175,139.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$75,805.00
Total expenses: 
$250,944.00
Net surplus/(deficit): 
$307,264.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$307,264.00

Balance Sheet extract

Assets
Total current assets: 
$1,748,220.00
Total non-current assets: 
$912.00
Total assets: 
$1,749,132.00
Liabilities
Total current liabilities: 
$591,529.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$591,529.00
Net assets/liabilities: 
$1,157,603.00
Financial report submitted to a state/territory regulator?
Yes
State or territory of the regulator where financial report was submitted: 
Queensland

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
Yes
Does the charity intend to fundraise in the next reporting period?
Yes