New Life Foundation
- Assets
- $5.2m
- Revenue
- $194.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 04/2013
- Data as of
- 12/2020
- EIN
- 46-1604479
Organization Overview
New Life Foundation is located in Bloomfield Hills, MI. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life 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 12/2020, New Life Foundation generated $194.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $235.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Life Foundation has awarded 24 individual grants totaling $701,927. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Brasza Secretary & Treasurer | 0.5 | $0 | |
Lori Balko Chairperson | 0.5 | $0 | |
Everett Dehut Executive Director | 1 | $0 | |
Ted Devantier Board Member | 0.5 | $0 | |
Don Booth Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $130,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$86,295 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,755 |
| Contributions, gifts, grants paid | $195,393 |
| Total expenses and disbursements | $235,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,871,468 |
| Savings and temporary cash investments | $104,331 |
| 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 | $2,736,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,244,508 |
| Accounts payable and accrued expenses | $24,065 |
| Grants payable | $187,142 |
| 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 | $211,207 |
Grants Awarded
Over the last fiscal year, New Life Foundation has awarded $355,893 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $51,642 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $35,500 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $35,500 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $29,000 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $28,443 |
Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $25,638 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Life Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Life Enrichment Academy Inc Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $50,000 |
Life Enrichment Academy Inc Bloomfield Hills, MI PURPOSE: UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Talbert House Cincinnati, OH | $31,118,204 | $71,372,789 |
Northeast Michigan Community Service Agency Inc Alpena, MI | $18,757,719 | $61,175,867 |
Graceworks Lutheran Services Dayton, OH | $148,547,516 | $59,310,713 |
Stepforward Cleveland, OH | $18,985,030 | $54,230,994 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Cincinnati-Hamilton County Community Action Agency Cincinnati, OH | $18,344,887 | $51,573,356 |
Catholic Charities Corporation Cleveland, OH | $62,419,322 | $52,175,078 |
Great Lakes Community Action Partnership Fremont, OH | $28,522,004 | $53,103,851 |