New Hope Community Development Of Acadiana
- Assets
- $36.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 10/2012
- Data as of
- 07/2024
- EIN
- 45-5187648
Organization Overview
New Hope Community Development Of Acadiana is located in Lafayette, LA. The organization was established in 2012. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Community Development Of Acadiana 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 07/2024, New Hope Community Development Of Acadiana generated $120.3k 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 (4.1%) each year. All expenses for the organization totaled $147.0k during the year ending 07/2024. 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 |
|---|---|---|---|
John Newman CEO | 40 | $40,800 | |
Kristine Newman Executive Director | 40 | $40,800 | |
Ivan Ledet Past Chairman | 1 | $0 | |
Boyd Bryan Chairman | 12 | $0 | |
Ashley Berthelot Secretary | 2 | $0 | |
James Clement Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,116 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,826 |
| Other Revenue | $0 |
| Total Revenue | $120,290 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $114,695 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $550 |
| Other expenses | $31,774 |
| Total expenses | $147,019 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,515 |
| Other assets | $0 |
| Total assets | $36,515 |
| Total liabilities | $0 |
| Net assets or fund balances | $36,515 |