Newfound Families
- Assets
- $38.2k
- Revenue
- $200.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Ashland, VA
- Founding
- 02/2008
- Data as of
- 06/2020
- EIN
- 61-1516224
Organization Overview
Newfound Families is located in Ashland, VA. The organization was established in 2008. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2020, Newfound Families employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newfound Families 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 06/2020, Newfound Families generated $200.4k 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 (7.7%) each year. All expenses for the organization totaled $201.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING PEER SUPPORT AND CONNECTING ADOPTIVE AND FOSTER FAMILIES WITH RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO ADOPTIVE AND FOSTER FAMILIES
CAMPS/RETREATS FOR ADOPTIVE/FOSTER FAMILIES
WISHING TREE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Jackson Treasurer | OfficerTrustee | $0 | |
Stan Phillips President | OfficerTrustee | $0 | |
Christine Nickerson Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,457 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,415 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,117 |
| Advertising and promotion | $0 |
| Office expenses | $32 |
| Information technology | $9,618 |
| Royalties | $0 |
| Occupancy | $57,382 |
| Travel | $681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,302 |
| All other expenses | $0 |
| Total functional expenses | $201,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $38,159 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,000 |
| Total liabilities | $7,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $31,159 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newfound Families has recieved totaling $6,250.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: general support | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Board Of Child Care Of The United Methodist Church Incorporated Baltimore, MD | $135,211,803 | $51,763,524 |
Home Of The Innocents Louisville, KY | $65,936,373 | $44,982,651 |
The Accreditation Commission For Health Care Inc Cary, NC | $50,991,539 | $43,469,636 |
Alexander Youth Network Charlotte, NC | $13,951,988 | $30,286,385 |
Childrens Guild Inc Baltimore, MD | $23,290,601 | $33,432,358 |
Child Trends Incorporated Bethesda, MD | $18,852,217 | $34,169,461 |
Childrens Home Society Of North Carolina Inc Greensboro, NC | $19,407,050 | $27,175,677 |
Childrens Home Society Of West Virginia Charleston, WV | $19,571,379 | $26,416,852 |
Port Health Services Greenville, NC | $13,234,691 | $26,221,937 |
Sunrise Childrens Services Mt Washington, KY | $37,970,472 | $27,965,095 |
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |