New Futures Inc
- Assets
- $2.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Concord, NH
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 02-0525391
Organization Overview
New Futures Inc is located in Concord, NH. The organization was established in 2001. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, New Futures Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Futures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Futures Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW FUTURES IS A NONPARTISAN, NONPROFIT ORGANIZATION THAT ADVOCATES, EDUCATES, AND COLLABORATES TO IMPROVE HEALTH AND WELLNESS OF ALL NEW HAMPSHIRE RESIDENTS THROUGH POLICY CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE - NEW FUTURES WORKS TO IMPROVE THE HEALTH AND WELLNESS OF ALL NH RESIDENTS THROUGH POLICY CHANGE, PUBLIC EDUCATION AND STRATEGIC COMMUNICATIONS. SPECIFIC AREAS OF POLICY FOCUS WITHIN THE CORE PROGRAM INCLUDE ALCOHOL AND OTHER DRUG REGULATION, AND SUBSTANCE USE PREVENTION, TREATMENT AND RECOVERY. NEW FUTURES CORE PROGRAM ALSO SEEKS TO INCREASE THE CAPACITY OF INDIVIDUALS TO ADVOCATE FOR POLICY RELATED TO SUBSTANCE USE AND BEHAVIORAL HEALTH. NEW FUTURES CONDUCTS ADVOCACY TRAININGS ON NH'S LEGISLATIVE PROCESS AND HOW TO EFFECTIVELY INTERACT WITH POLICYMAKERS. THESE TRAININGS ARE BROADLY AVAILABLE TO CITIZENS, COMMUNITY LEADERS, AND OTHER NON-PROFIT ORGANIZATIONS, AT LITTLE TO NO COST. IN 2021, OVER 209 ADVOCATES WERE TRAINED ACROSS NEW FUTURES PROGRAMS.
EXPANDED CAPACITY - NEW FUTURES WORKS TO IMPROVE THE HEALTH AND WELLNESS OF ALL NH RESIDENTS THROUGH POLICY CHANGE, PUBLIC EDUCATION, AND STRATEGIC COMMUNICATIONS. SPECIFIC AREAS OF POLICY FOCUS WITHIN THE EC PROGRAM INCLUDE HEALTHCARE ACCESS AND AFFORDABILITY AND EARLY CHILDHOOD EDUCATION AND HEALTH. NEW FUTURES EC PROGRAM ALSO SEEKS TO INCREASE THE CAPACITY OF INDIVIDUALS TO ADVOCATE FOR POLICY RELATED TO HEALTH CARE, CHILDREN'S BEHAVIORAL HEALTH AND EARLY CHILDHOOD. NEW FUTURES CONDUCTS ADVOCACY TRAININGS ON NH'S LEGISLATIVE PROCESS AND HOW TO EFFECTIVELY INTERACT WITH POLICYMAKERS. ACROSS PROGRAMS IN 2021, NEW FUTURES CONVENED 58 TRAININGS.
ADDITIONAL PROGRAMS - IN FURTHERANCE OF NEW FUTURES MISSION, THE ORGANIZATION ALSO WORKS TO IMPROVE CHILDREN'S BEHAVIORAL HEALTH IN NH. IN THIS CAPACITY, NEW FUTURES PROVIDES STAFFING SUPPORT, STRATEGIC POLICY GUIDANCE AND ENGAGEMENT EXPERTISE WITH THE GOAL OF ADVANCING IDENTIFIED POLICY PRIORITIES. SIMILARLY, NEW FUTURES PROVIDES ENGAGEMENT CAPACITY AND SUPPORT TO THE ALLIANCE FOR HEALTHY AGING, WITH THE GOAL OF ORGANIZING AND EDUCATING TO CREATE A BROADER BASE OF CIVIC SUPPORT FOR AGING ISSUES IN NH.
OTHER PROGRAM SERVICES - A NATIONAL EMERGENCY, SPARKED IN 2020 DUE TO THE COVID-19 PANDEMIC, CAUSED MANY NONPROFITS TO DEAL WITH NEW CHALLENGES IN HEALTH POLICY. NEW FUTURES RECEIVED FUNDING TO DEVELOP A PUBLIC POLICY ACTION PLAN THAT PROVIDED COORDINATED COMMUNICATIONS, NEEDS ASSESSMENT, AND A PACKAGE OF GOVERNMENTAL POLICY ACTIONS, TO ASSIST IN THE IMMEDIATE DELIVERY OF SERVICES TO HELP STABILIZE THE FINANCIALS OF AN ALREADY FRAGILE HEALTH CARE DELIVERY SYSTEM IN NH. THE 2020 BALANCE WAS USED IN 2021 TO DISTRIBUTE 27,623 IN FIELD GRANTS TO OTHER NONPROFITS AND ENGAGE A CONSULTANT IN WORKING ON THE ACTION PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele D Merritt President & | Officer | 45 | $135,825 |
Gary Lavoie Board Chair | OfficerTrustee | 4 | $0 |
Kelsea Hale Past Board C | OfficerTrustee | 4 | $0 |
David Morgan Vice Chair | OfficerTrustee | 4 | $0 |
The Honorable Tina Nadeau Secretary | OfficerTrustee | 4 | $0 |
Elin Treanor Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,640,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,640,528 |
| Total Program Service Revenue | $129,762 |
| Investment income | $15,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,785,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,825 |
| Compensation of current officers, directors, key employees. | $13,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,109 |
| Pension plan accruals and contributions | $46,632 |
| Other employee benefits | $113,713 |
| Payroll taxes | $84,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,166 |
| Advertising and promotion | $0 |
| Office expenses | $47,855 |
| Information technology | $68,333 |
| Royalties | $0 |
| Occupancy | $209,017 |
| Travel | $7,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,977 |
| Insurance | $7,636 |
| All other expenses | $8,205 |
| Total functional expenses | $2,156,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,676,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,295 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,104 |
| Investments—publicly traded securities | $439,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,266 |
| Total assets | $2,140,626 |
| Accounts payable and accrued expenses | $53,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,767 |
| Total liabilities | $90,882 |
| Net assets without donor restrictions | $1,620,421 |
| Net assets with donor restrictions | $429,323 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,140,626 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Futures Inc has recieved totaling $135,000.
| Awarding Organization | Amount |
|---|---|
New Hampshire Childrens Health Foundation Concord, NH PURPOSE: FOR COMMUNITY ENGAGEMENT AND ADVOCACY LEADERSHIP TRAINING TO ADVANCE EARLY CHILDHOOD AND HEALTHY POLICY SYSTEMS CHANGE IN NEW HAMPSHIRE (STATEWIDE). | $135,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Futures Inc Concord, NH | $2,140,626 | $2,785,494 |
Learn To Cope Inc Taunton, MA | $637,979 | $902,920 |
Plymouth Countys Outreach Hope Inc East Bridgewater, MA | $290,438 | $885,441 |
Turning Point Recovery Center Of Springfield Vermont Springfield, VT | $0 | $570,493 |
River To Recovery Inc Fall River, MA | $99,757 | $487,455 |
Green Mountain Recovery Foundation Inc Rutland, VT | $154,380 | $441,217 |
Influence Foundation Inc South Royalton, VT | $297,204 | $435,495 |
New England Teen Institute Inc Manchester, NH | $301,100 | $314,203 |
Carleton Project Houlton, ME | $149,289 | $249,953 |
Substance Abuse Relief Foundation New Bedford, MA | $349 | $152,417 |
Recovery Journey Service Inc Peabody, MA | $396,906 | $541,798 |
Responsible Retailing Forum Inc Chestnut Hill, MA | $122,958 | $130,810 |