New Morning Foundation
- Assets
- $9.6m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Columbia, SC
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 95-4894776
Organization Overview
New Morning Foundation is located in Columbia, SC. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, New Morning Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Morning 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 Morning Foundation generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $12.8m during the year ending 06/2021. While expenses have increased by 20.6% per year over the past 6 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
NEW MORNINGS MISSION IS TO PROVIDE ALL SOUTH CAROLINIANS ACCESS TO INFORMATION ABOUT FAMILY PLANNING AND ACCESS TO HIGH-QUALITY CONTRACEPTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH CAROLINA INITIATIVE CHOOSE WELL:TO EFFECT SIGNIFICANT CHANGE, NEW MORNING IS SERVING AS THE BACKBONE ORGANIZATION FOR THE LARGEST COORDINATED CONTRACEPTIVE ACCESS EFFORT IN OUR STATES HISTORY. ITS AN ALIGNMENT OF SOUTH CAROLINA ORGANIZATIONS WITH THE SHARED VISION TO REDUCE UNINTENDED PREGNANCIES AND CREATE A HEALTHIER SOUTH CAROLINA.
GRANTS AND ALLOCATIONS ARE MADE PRIMARILY TO ENSURE THAT THE MISSION STATEMENT (NOTED ABOVE) IS FURTHERED TO SECURE RESPONSIBLE REPRODUCTIVE HEALTH FOR THE YOUNG PEOPLE OF SOUTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Adams Kapp President & CEO | OfficerTrustee | 40 | $200,000 |
Anne M Sinclair Board Secretary | OfficerTrustee | 1.5 | $0 |
Robert Key Board Chair | OfficerTrustee | 1.5 | $0 |
Wilbur E Johnson ESQ Board Vice Chair | OfficerTrustee | 1.5 | $0 |
Roger Sargent Board Member | Trustee | 1.5 | $0 |
Ronda Dean Board Member | Trustee | 1.5 | $0 |
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 | $10,060,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,060,452 |
| Total Program Service Revenue | $16,000 |
| Investment income | $48,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,587,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,140,623 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,989 |
| Pension plan accruals and contributions | $130,892 |
| Other employee benefits | $260,822 |
| Payroll taxes | $108,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,324 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $130,208 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,971 |
| Fees for services: Other | $259,576 |
| Advertising and promotion | $2,803,679 |
| Office expenses | $12,565 |
| Information technology | $39,074 |
| Royalties | $0 |
| Occupancy | $138,705 |
| Travel | $17,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,693 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,698 |
| Insurance | $17,406 |
| All other expenses | $96,306 |
| Total functional expenses | $12,786,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,011,564 |
| 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 | $6,955 |
| Net Land, buildings, and equipment | $85,821 |
| Investments—publicly traded securities | $2,492,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750 |
| Total assets | $9,598,750 |
| Accounts payable and accrued expenses | $721,635 |
| 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 | $721,635 |
| Net assets without donor restrictions | -$45,427 |
| Net assets with donor restrictions | $8,922,542 |
| 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 | $9,598,750 |
Grants Awarded
Over the last fiscal year, New Morning Foundation has awarded $5,957,840 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
SC DHEC PURPOSE: GRANT | $2,711,268 |
Columbia, SC PURPOSE: GRANT | $800,000 |
Orangeburg, SC PURPOSE: GRANT | $410,650 |
Columbia, SC PURPOSE: GRANT | $299,817 |
MEDICAL USC NURSING PURPOSE: GRANT | $215,954 |
Washington, DC PURPOSE: GRANT | $214,127 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Morning Foundation has recieved totaling $10,062,799.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $10,011,265 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: HEALTH GRANT | $21,534 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,000 |
Frances P Bunnelle Foundation Pawleys Island, SC PURPOSE: HUMAN NEEDS GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Camino Community Development Corporation Inc Charlotte, NC | $3,342,143 | $5,457,630 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |
Vertuassets Foundation Inc Alpharetta, GA | $9,269,385 | $6,216,167 |