New Life Holding Corporation
- Assets
- $112.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodland Park, CO
- Founding
- 12/2018
- Data as of
- 09/2021
- EIN
- 81-3145052
Organization Overview
New Life Holding Corporation is located in Woodland Park, CO. The organization was established in 2018. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Holding Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2021, New Life Holding Corporation generated $1.7m in total revenue. All expenses for the organization totaled $5.5m during the year ending 09/2021. While expenses have increased by 50.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING TITLE TO PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE HOLDING CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO NEW LIFE ASSOCIATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Milligan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jamie Wommack President | OfficerTrustee | 1 | $0 |
Andrew Wertz Director | Trustee | 1 | $0 |
Chris Suess Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $441,272 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $438,219 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,272 |
| Total Program Service Revenue | $1,280,398 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,723,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,265,796 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,266,609 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,532,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $112,039,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,165,344 |
| Accounts payable and accrued expenses | $1,200 |
| 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 | $633,626 |
| Total liabilities | $634,826 |
| Net assets without donor restrictions | $111,530,518 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $112,165,344 |
Grants Awarded
Over the last fiscal year, New Life Holding Corporation has awarded $1,265,796 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Woodland Park, CO PURPOSE: Mission and operational support | $976,855 |
Woodland Park, CO PURPOSE: Mission and operational support | $288,941 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Life Holding Corporation has recieved totaling $28,218,390.
| Awarding Organization | Amount |
|---|---|
Andrew Wommack Ministries Inc Woodland Park, CO PURPOSE: Transfer of Fixed Assets | $14,109,195 |
Andrew Wommack Ministries Inc Woodland Park, CO PURPOSE: Transfer of Fixed Assets | $14,109,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Life Holding Corporation Woodland Park, CO | $112,165,344 | $1,723,190 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Foundation Of Oklahoma Inc Oklahoma City, OK | $82,819,268 | $6,647,191 |
Nebraska United Methodist Foundation Lincoln, NE | $58,650,709 | $2,012,304 |
Village Presbyterian Church Endowment Trust Prairie Village, KS | $29,984,173 | $878,628 |
Colorado Springs Utilities Foundation Colo Springs, CO | $2,751,625 | $1,147,424 |
Arizona District Council Of The Assemblies Of God Kingdom Legacy F Phoenix, AZ | $5,638,218 | $1,044,440 |
Speranza Foundation Mesa, AZ | $5,337,179 | $4,707,152 |
Sacred Arts Foundation Cedar Crest, NM | $282,030 | $988,067 |
Endowment Foundation First United Presbyterian Church Albuquerque Albuquerque, NM | $14,946,986 | -$140,979 |
Rough Acres Foundation Inc Colorado Springs, CO | $14,482,437 | $789,431 |