New Heart Foundation
- Assets
- $58.5k
- Revenue
- $70.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Edmonds, WA
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-2757176
Organization Overview
New Heart Foundation is located in Edmonds, WA. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Heart Foundation 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, New Heart Foundation generated $70.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $57.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESOURCE THOSE WITH PASSION FOR REACHING AND DISCIPLING THE BROKEN AND HURTING WITHIN THEIR LOCAL CHURCH AND COMMUNITY. THERE ARE CURRENTLY THREE CHURCHES ACTIVELY MEETING ONCE A MONTH FOR NEW HEART MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Brooks President | 3 | $0 | |
Michael Kerner Director | 3 | $0 | |
Kevin Mcdonald Director | 3 | $0 | |
Michael Talley Director | 3 | $0 | |
Bradley Sebranke Director | 3 | $0 | |
John Brediger Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,249 |
| Interest on Savings | $305 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,554 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,033 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $828 |
| Printing and publications | $1,140 |
| Other expenses | $2,843 |
| Total operating and administrative expenses | $57,599 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $57,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,559 |
| Savings and temporary cash investments | $34,251 |
| Net Accounts receivable | $710 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $58,520 |
| Accounts payable and accrued expenses | $5,237 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,237 |