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Nonprofiteer
← NEW DIRECTIONS FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW DIRECTIONS FOUNDATION INC.

Totals

Total revenue
$1,570,496
Total expenses
$284,330
Contributions and grants received
$583,280
Grants paid
$22,083
Program service revenue
$0
Investment income
$970,729
Other revenue
$16,487
Total assets, end of year
$16,270,644
Total liabilities, end of year
$34,886
Net assets or fund balances, end of year
$16,235,758
Program services expenses (Part IX)
$22,083
Management and general expenses
$242,135
Fundraising expenses
$20,112
Program service expenses (Part III)
$22,083

Program services were 7.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $583,280

  • 3 · Investment income

    total $474,199 · excluded $474,199

  • 7a · Gross sales of assets other than inventory

    securities $1,507,564

  • 7b · Less cost or other basis and sales expenses

    securities $1,011,034

  • 7c · Gain or loss

    securities $496,530

  • 7d · Net gain or loss

    total $496,530 · excluded $496,530

  • 8a · Fundraising events: gross income

    $23,085

  • 8b · Fundraising events: direct expenses

    $11,131

  • 8c · Net income from fundraising events

    total $11,954 · excluded $11,954

  • 11a · Other revenue: OTHER INCOME

    total $4,533 · related or exempt $4,533

  • 11e · Other revenue, total

    $4,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,083 · program services $22,083

  • 7 · Other salaries and wages

    total $112,782 · management and general $112,782

  • 9 · Other employee benefits

    total $27,690 · management and general $27,690

  • 11a · Fees: management

    total $5,823 · management and general $5,823

  • 11f · Fees: investment management

    total $78,479 · management and general $78,479

  • 13 · Office expenses

    total $11,233 · management and general $11,233

  • 14 · Information technology

    total $7,305 · fundraising $7,305

  • 16 · Occupancy

    total $1,644 · management and general $1,644

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $16,862 · management and general $4,055 · fundraising $12,807

  • 24b · Other expenses: BANK FEES

    total $429 · management and general $429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,978 · end of year $196,417

  • 2 · Savings and temporary cash investments

    beginning of year $511,038 · end of year $375,268

  • 4 · Accounts receivable

    beginning of year $23,784

  • 7 · Other notes and loans receivable

    beginning of year $177,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,388 · end of year $750

  • 11 · Investments: publicly traded securities

    beginning of year $13,918,289 · end of year $15,698,209

  • 15 · Other assets

    beginning of year $18,675 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,563 · end of year $34,886

  • 27 · Net assets without donor restrictions

    beginning of year $14,286,548 · end of year $15,790,700

  • 28 · Net assets with donor restrictions

    beginning of year $445,058 · end of year $445,058

Mission and programs · 2024

Mission

TO SUPPORT THE CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF NEW DIRECTIONS YOUTH AND FAMILY SERVICES, INC. A 501(C)(3) ORGANIZATION.

  • PROVIDED FINANCIAL ASSISTANCE TO NEW DIRECTIONS YOUTH AND FAMILY SERVICES INC. A 501(C)(3) ORGANIZATION, IN CARRYING OUT ITS PROGRAMS FOR CHILDREN, INCLUDING CAPITAL PROJECTS AND DEBT REDUCTION.

    Expenses $22,083 · Grants $22,083

As filed on the 2024 return.

Listed in Part VII

  • EDWARD L ARCARA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • NANCY KASPRZAK-WHITMORE

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JOHN G SELLSTROM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID G MESSINGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR JACKSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS A SY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R THOMAS WEEKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL R WIMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES CODER

    EXECUTIVE DIRECTOR

    Total calculated
    $241,407
    From this org
    $0
    From related orgs
    $220,783
    Other
    $20,624
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,783 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,386 related
    Nontaxable benefits
    $0 + $12,238 related
    Filer's total
    $0 + $241,407 related

  • PATRICIA O'CONNOR

    CFO

    Total calculated
    $158,982
    From this org
    $0
    From related orgs
    $137,417
    Other
    $21,565
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,417 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,688 related
    Nontaxable benefits
    $0 + $15,877 related
    Filer's total
    $0 + $158,982 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 March 2026
IRS schema version
2024v5.5
Source object
202600719349301400

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