New Visions Foundations
- Assets
- $2.1m
- Revenue
- $253.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Buffalo Grove, IL
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 36-4291720
Organization Overview
New Visions Foundations is located in Buffalo Grove, IL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 Visions Foundations 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 12/2022, New Visions Foundations generated $253.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Miller Director-President | 1 | $0 | |
E Achepohl Director-Treasurer | 1 | $0 | |
Name Not Listed Asst. Secretary | 1 | $0 | |
Name Not Listed Director/vp | 1 | $0 | |
T Siegel Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,829 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,763 |
| Capital Gain Net Income | $82,456 |
| Net ST Capital Gain | $1,767 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,106 |
| Printing and publications | $0 |
| Other expenses | $6,980 |
| Total operating and administrative expenses | $94,264 |
| Contributions, gifts, grants paid | $980,000 |
| Total expenses and disbursements | $1,074,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,569 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $2,084,833 |
| Accounts payable and accrued expenses | $3,310 |
| 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 | $3,310 |