Newspring
- Assets
- $338.8k
- Revenue
- $360.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 12/2006
- Data as of
- 12/2023
- 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 12/2023, Newspring employed 7 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 12/2023, Newspring generated $360.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $542.0k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEWSPRING DELIVERS VISUAL ARTS AND MENTORING PROGRAMS THAT INSPIRE STUDENTS AND THEIR FAMILIES TO ACHIEVE A BETTER LIFE BY EMPOWERING HISTORICALLY UNDERSERVED INDIVIDUALS FOR SUCCESS IN THE 21ST CENTURY ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL ARTS PROGRAM ACCOMPLISHMENTS: 1. DELIVERED THE VISUAL ARTS PROGRAM IN THE MAIN STUDIO AND VARIOUS SATELLITE LOCATIONS AT SBISD SCHOOLS AND COMMUNITY CENTERS SERVING 1,054 UNIQUE STUDENTS. 2. COMPLETED AND DELIVERED 1 BUTTERFLY 3. PROVIDED SCHOLARSHIPS AND ENCOURAGEMENT TO 6 COLLEGE STUDENTS FOR THE 2022-2023 ACADEMIC YEAR AND THE FALL SEMESTER OF 2023-2024 ACADEMIC YEAR 4. HOSTED VARIOUS COMMUNITY EVENTS 5. IN 2023, NEWSPRING HAD 48 HIGH SCHOOL STUDENTS PARTICIPATE IN THE ART AUCTION EVENT. NEWSPRING HOSTED THE ANNUAL AUCTION IN PARTNERSHIP WITHIN THE SPRING STREET ART STUDIOS. STUDENT ARTWORK WAS DISPLAYED AT THE EVENT, WITH AN ON-LINE AUCTION PLATFORM THAT OPENED THE BID PROCESS TO BOTH EVENT ATTENDEES AND INDIVIDUALS WHO WERE UNABLE TO ATTEND THE EVENT. THE AUCTION EVENT HELPS STUDENTS RECOGNIZE THE VALUE OF THEIR TALENTS AND EXPERIENCE THE MARKETPLACE AT WORK. THE GRANTS FIGURE SHOWN IN PART III, SECTION 4.A INCLUDES AN ALLOCATION OF PROCEEDS FROM THE STUDENT ARTWORK.
THE FLIGHT 25 PROGRAM SUPPORTED 80 STUDENTS IN THE SBISD NORTHBROOK HIGH SCHOOL COMMUNITY THROUGH MONTHLY CLASS TIME WITH SPEAKERS ON DIFFERENT CAREERS AND PERSONAL STORIES OF SUCCEEDING WITH LIMITED RESOURCES. AT LANDRUM MIDDLE SCHOOL, 8TH GRADERS WERE RECRUITED TO APPLY FOR THE PROGRAM. THE 22 ACCEPTED STUDENTS PARTICIPATED IN TWO SATURDAY SESSIONS INCLUDING AN EXPLORATION TRIP TO THE UNIVERSITY OF HOUSTON AND SPEAKERS ADDRESSING PARENT SUPPORT, PERSEVERANCE AND PARTICIPATION THROUGHOUT HIGH SCHOOL.
NEWSPRING DISCONTINUED THE EDGE PROGRAM THAT OFFERED BUSINESS EDUCATION AND MENTORING PROGRAM FOR EXISTING BUSINESS THAT OFFER ECONOMIC BENEFIT TO THE SPRING BRANCH COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Suarez Foreman Executive Dir. | Officer | 25 | $73,600 |
Earl Lambert Chairman | OfficerTrustee | 20 | $0 |
Julie Hempel Director | Trustee | 10 | $0 |
Terry Sabom Secretary | OfficerTrustee | 10 | $0 |
Sharon Collins Director | Trustee | 10 | $0 |
Susan Marriott Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,700 |
| Related organizations | $0 |
| Government grants | $106,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,750 |
| Total Program Service Revenue | $20,977 |
| Investment income | $917 |
| 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 | $2,653 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,679 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,600 |
| Compensation of current officers, directors, key employees. | $14,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,266 |
| Advertising and promotion | $5,594 |
| Office expenses | $7,546 |
| Information technology | $1,829 |
| Royalties | $0 |
| Occupancy | $50,210 |
| 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 | $4,841 |
| Insurance | $1,514 |
| All other expenses | $12,368 |
| Total functional expenses | $541,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,799 |
| Savings and temporary cash investments | $178,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,340 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,000 |
| Other assets | $0 |
| Total assets | $338,803 |
| Accounts payable and accrued expenses | $14,542 |
| 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 | $2,890 |
| Total liabilities | $17,432 |
| Net assets without donor restrictions | $250,813 |
| Net assets with donor restrictions | $70,558 |
| 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 | $338,803 |