New Voices Foundation
- Assets
- $20.2m
- Revenue
- $894.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Amityville, NY
- Founding
- 07/2018
- Data as of
- 06/2021
- EIN
- 82-3672345
Organization Overview
New Voices Foundation is located in Amityville, NY. The organization was established in 2018. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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 Voices 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 06/2021, New Voices Foundation generated $894.6k 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 (44.9%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New Voices Foundation has awarded 175 individual grants totaling $1,430,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EMERGING WOMEN OF COLOR ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FUNDING PROGRAM: NEW VOICES FOUNDATION IS DELIVERING ON ITS PROMISE TO HELP WOMEN OF COLOR BUSINESS OWNERS BUILD, GROW AND SCALE THEIR BUSINESSES AND CREATE A MORE INCLUSIVE ENTREPRENEURIAL ECOSYSTEM.WE PROVIDE THEM WITH UNPRECEDENTED ACCESS, CAPITAL, AND EXPERTISE VIA PITCH COMPETITIONS; MOBILE ACCELERATORS; COACHING AND MENTORSHIP FOR PITCH WINNERS AND OTHERS IN THE NEW VOICES COMMUNITY; ONLINE LEARNING AND SKILLS DEVELOPMENT OPPORTUNITIES; AND ONGOING COMMUNICATIONS OUTREACH VIA SOCIAL MEDIA, NEWSLETTERS AND OTHER CHANNELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richeliu W Dennis Jr President | OfficerTrustee | 1 | $0 |
Richelyna Hall Treasurer | OfficerTrustee | 1 | $0 |
Martha Dennis Secretary | OfficerTrustee | 1 | $0 |
Mary Dennis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1863 Ventures Program Consulting | 6/29/21 | $135,000 |
Polsinelli Llp Legal | 6/29/21 | $120,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $804,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,952 |
| Total Program Service Revenue | $0 |
| Investment income | $89,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $666,000 |
| 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 | $120,449 |
| Fees for services: Accounting | $15,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $248,624 |
| Fees for services: Other | $409,794 |
| Advertising and promotion | $87,356 |
| Office expenses | $10,923 |
| 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 | $0 |
| Insurance | $8,434 |
| All other expenses | $0 |
| Total functional expenses | $1,566,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,657,973 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $17,506,147 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,164,120 |
| Accounts payable and accrued expenses | $37,006 |
| 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 | $0 |
| Total liabilities | $37,006 |
| Net assets without donor restrictions | $20,127,114 |
| 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 | $20,164,120 |
Grants Awarded
Over the last fiscal year, New Voices Foundation has awarded $665,000 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
BABSON COLLEGE PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $100,000 |
MILKY MAMA LLC PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $12,500 |
MILKY MAMA LLC PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $12,500 |
LIMELOOP PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $12,500 |
GREENTOP GIFTS PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
OFFICIAL BLACK WALL STREET PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Voices Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Seniorlife Inc Boston, MA | $277,983,076 | $21,516,879 |
Center For Effective Philanthropy Inc Cambridge, MA | $19,860,929 | $21,070,243 |
Flatbush Community Fund Inc Cedarhurst, NY | $1,092,770 | $2,134,517 |
New Voices Foundation Amityville, NY | $20,164,120 | $894,618 |
Worldwide Initiatives For Grantmaker Support Inc New York, NY | $1,728,265 | $1,851,390 |
Allied Community Services Inc Enfield, CT | $1,847,285 | $1,199,233 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $980,985 | $403,532 |
Partners For Public Good New York, NY | $0 | $281,198 |
Capital City Education Foundation Inc Simsbury, CT | $2,510,553 | $262,676 |
Hyde Management Company Inc Glens Falls, NY | $0 | $0 |