Newspring
- Assets
- $542.6k
- Revenue
- $491.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-5319679
Organization Overview
Newspring is located in Houston, TX. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Newspring employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newspring 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, Newspring generated $491.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $379.5k during the year ending 12/2021. While expenses have increased by 1.8% 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
NEWSPRING DELIVERS EDUCATIONAL VISUAL ARTS AND BUSINESS MENTORING PROGRAMS THAT INSPIRE STUDENTS AND THEIR FAMILIES TO ACHIEVE A BETTER LIFE AND TO IMPROVE THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL ARTS PROGRAM ACCOMPLISHMENTS: 1. DELIVERED THE VISUAL ARTS PROGRAM VIA ON-LINE PLATFORM AS SAFETY CONCERNS CONTINUED 2. REOPENED THE MAIN STUDIO AND VARIOUS SATELLITE LOCATIONS AT SBISD SCHOOLS AND COMMUNITY CENTERS 3. COMPLETED AND DELIVERED THE HANAC BUTTERFLY 4. PROVIDED SCHOLARSHIPS AND ENCOURAGEMENT TO 5 COLLEGE STUDENTS FOR THE 2021-2022 ACADEMIC YEAR 5. HOSTED OUTDOOR COMMUNITY EVENTS 6. IN 2021, NEWSPRING HAD 41 SPRING BRANCH STUDENTS AND 3 COLLEGE STUDENTS PARTICIPATE IN THE STUDENT ART SALES. NEWSPRING CONDUCTED THE ANNUAL AUCTION VIRTUALLY SHOWCASING THE STUDENTS' BEST WORK TO ENCOURAGE THEM TO STAY IN SCHOOL. THE GRANTS FIGURE ABOVE REFLECTS SALES OF STUDENT ART, 100% OF WHICH GOES TO THE STUDENTS, MUCH OF IT IS USED AS SAVINGS FOR COLLEGE.
NEWSPRING CONTINUED THE EDGE PROGRAM TO BUILD A BUSINESS EDUCATION AND MENTORING PROGRAM FOR EXISTING BUSINESS THAT OFFER ECONOMIC BENEFIT TO THE SPRING BRANCH COMMUNITY. THE EDGE PROGRAM HOLDS 6 CLASSES PER YEAR FOR UP TO 10 BUSINESSES IN THE PROGRAM AND PROVIDES ONGOING SUPPORT BY PROVIDING VOLUNTEER SUBJECT MATTER EXPERTS AND 2-3 ASSIGNED ADVISERS PER BUSINESS. IN 2021, THE EDGE BUSINESS DEVELOPMENT PROGRAM: 1. PRESENTED IN-PERSON AND ON-LINE TRAINING TO 5 LOCAL BUSINESSES 2. UTILIZED TECHNOLOGY PLATFORMS AND WEBSITE TO EXPAND DELIVERY AS A HYBRID PROGRAM 3. PROVIDED TIMELY INFORMATION UPDATES TO GUIDE BUSINESSES THROUGH THE ECONOMIC UNCERTAINTY LINGERING FROM THE GLOBAL PANDEMIC
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Hill Treasurer | Officer | 10 | $0 |
Earl Lambert Chairman | Officer | 20 | $0 |
Terry Sabom Secretary | Officer | 10 | $0 |
Julie Hempel Director | Trustee | 10 | $0 |
Frank Monachelli Director | Trustee | 10 | $0 |
Harry Tallichet Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,965 |
| Related organizations | $0 |
| Government grants | $116,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,827 |
| Noncash contributions included in lines 1a–1f | $30,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,808 |
| Total Program Service Revenue | $14,572 |
| Investment income | $1,277 |
| 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 | $491,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $31,960 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,923 |
| Advertising and promotion | $1,833 |
| Office expenses | $17,495 |
| Information technology | $11,986 |
| Royalties | $0 |
| Occupancy | $30,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160 |
| Insurance | $1,062 |
| All other expenses | $4,699 |
| Total functional expenses | $379,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,929 |
| Savings and temporary cash investments | $227,446 |
| Pledges and grants receivable | $8,000 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,730 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,635 |
| Accounts payable and accrued expenses | $2,641 |
| 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 | $11,635 |
| Total liabilities | $14,276 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $528,359 |
| Total liabilities and net assets/fund balances | $542,635 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Newspring has recieved totaling $96,695.
| Awarding Organization | Amount |
|---|---|
Houston Arts Alliance Houston, TX PURPOSE: General support | $74,802 |
Charity Guild Of Catholic Women Of Harris County Houston, TX PURPOSE: Art enrichment classes | $10,000 |
Caring Forever Foundation Houston, TX PURPOSE: AFTER SCHOOL PROGRAM | $7,062 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $4,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |