New Opportunities Inc
- Assets
- $8.8m
- Revenue
- $37.1m
- Investments
- $0.0
- Employees
- 365
- Location
- Waterbury, CT
- Founding
- 02/1983
- Data as of
- 10/2020
- EIN
- 06-6071847
Organization Overview
New Opportunities Inc is located in Waterbury, CT. The organization was established in 1983. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 10/2020, New Opportunities Inc employed 365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Opportunities 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 10/2020, New Opportunities Inc generated $37.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $35.3m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Opportunities Inc has awarded 21 individual grants totaling $1,718,531. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR ECONOMICALLY DISADVANTAGED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY PROGRAMS INCLUDE CONNECTICUT ENERGY ASSISTANCE PROGRAM AND WEATHERIZATION SERVICES. CONNECTICUT ENERGY ASSISTANCE PROVIDES HEAT ASSISTANCE FOR LOW-INCOME RENTERS AND HOMEOWNERS. 45,149 PEOPLE RECEIVED ASSISTANCE WITH THEIR UTILITIES BILLS UNDER CONNECTICUT ENERGY ASSISTANCE PROGRAM. WEATHERIZATION SERVICES PROVIDE HELP TO HOUSEHOLDS TO DECREASE ENERGY CONSUMPTION. 350 HOUSEHOLDS WERE ABLE TO DECREASE THEIR HOME ENERGY CONSUMPTION BY USING WEATHERIZATION SERVICES.
ELDERLY: ELDERLY PROGRAM INCLUDES NUTRITIONAL SERVICES BY PROVIDING HOT MEALS TO SENIOR CITIZENS AND HOMECARE SERVICES, INCLUDING RETIRED SENIOR VOLUNTARY PROGRAM, FOSTER GRANDPARENT PROGRAM, SENIOR COMPANION PROGRAM AND OTHERS. 2,120 SENIOR INDIVIDUALS RECEIVED PREPARED MEALS DURING THE YEAR AND 2,750 INDIVIDUALS/FAMILIES RECEIVED FOOD DURING THE YEAR.
COMMUNITY SERVICES: COMMUNITY SERVICES PROVIDES THERAPEUTIC SERVICES FOR FOSTER CHILDREN, WORK READINESS ASSISTANCE, EMPLOYMENT TRAINING, AND CASE MANAGEMENT SERVICES FOR LOW-INCOME INDIVIDUALS. 857 LOW-INCOME PEOPLE RECEIVED ACADEMIC OR EMPLOYMENT TRAINING. ALSO, 4,287 INDIVIDUALS RECEIVED CASE MANAGEMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Gatling PHD President/ceo | Officer | 35 | $293,931 |
Toni Hirst Chief Admin Officer | Officer | 40 | $173,691 |
Joanne Balaschak Dir Energy Services | 40 | $128,636 | |
William Rybczyk Dir. Research, Development | 40 | $122,003 | |
Patricia Donovan Director Of Human Resources | 40 | $109,387 | |
Mark E Kovitch CPA CFO (10/28/2019) | Officer | 40 | $18,172 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lindley Food Service Food Service | 10/30/20 | $1,067,246 |
New England Conservations Services Energy Conservation Serv. | 10/30/20 | $341,985 |
Eversource Energy Utilities | 10/30/20 | $772,170 |
Abbot Nutrition Nutrition Services | 10/30/20 | $239,258 |
General Technology Group Technology Support | 10/30/20 | $144,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,353,913 |
| Investment income | $1,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $18,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,123,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,591,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $797,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,967,230 |
| Pension plan accruals and contributions | $105,447 |
| Other employee benefits | $794,180 |
| Payroll taxes | $830,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,400 |
| Fees for services: Accounting | $109,294 |
| Fees for services: Lobbying | $28,842 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,564 |
| Advertising and promotion | $11,844 |
| Office expenses | $320,529 |
| Information technology | $112,494 |
| Royalties | $0 |
| Occupancy | $1,312,723 |
| Travel | $215,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,480 |
| Interest | $274,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $514,565 |
| Insurance | $272,850 |
| All other expenses | $0 |
| Total functional expenses | $35,318,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,335,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $980,856 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,147 |
| Prepaid expenses and deferred charges | $123,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,494,729 |
| Total assets | $8,781,118 |
| Accounts payable and accrued expenses | $3,299,298 |
| Grants payable | $0 |
| Deferred revenue | $1,812,294 |
| Tax-exempt bond liabilities | $2,175,933 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,692,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,035,568 |
| Total liabilities | $11,015,529 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,234,411 |
Grants Awarded
Over the last fiscal year, New Opportunities Inc has awarded $229,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: EARLY CHILDHOOD READINESS | $154,192 |
Waterbury, CT PURPOSE: HOUSING | $75,278 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Opportunities Inc has recieved totaling $257,684.
| Awarding Organization | Amount |
|---|---|
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021; MEALS ON WHEELS TRUCK REPLACEMENT & REPAIRS; SYSTEM INTEGRATION UPGRADE; BRASS (BRINGING RESOURCES TO ACTION TO SERVE SENIORS) | $112,196 |
United Way Of Greater New Haven Inc New Haven, CT PURPOSE: HOUSING ASSISTANCE AND COORDINATED ACCESS NETWORK NAVIGATOR SUPPORT | $70,458 |
Northwest Connecticut Community Foundation Inc Torrington, CT PURPOSE: Support bilingual caseworker | $60,000 |
Connecticut Health Foundation Inc Hartford, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Ground Inc Brooklyn, NY | $83,365,345 | $129,310,965 |
Dalio Family Fund Inc Westport, CT | $3,471,122,443 | $134,784,215 |
Catholic Charities Neighborhood Services Inc Brooklyn, NY | $32,235,600 | $116,003,581 |
Good Shepherd Services New York, NY | $154,839,651 | $104,443,778 |
Selfhelp Community Services Inc New York, NY | $84,510,412 | $100,626,590 |
Heart Share Human Services Of New York Brooklyn, NY | $135,027,359 | $103,566,344 |
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |