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Nonprofiteer
← NEW VISION RENEWABLE ENERGY INC

Form 990 for tax year 2022

Filed by NEW VISION RENEWABLE ENERGY INC.

Totals

Total revenue
$325,948
Total expenses
$376,398
Contributions and grants received
$299,872
Grants paid
$0
Program service revenue
$26,076
Investment income
$0
Other revenue
$0
Total assets, end of year
$82,962
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$82,962
Program services expenses (Part IX)
$376,398
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$376,398

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $54,664

  • 1f · All other contributions, gifts and grants

    $245,208

  • 2a · Program service revenue: PROGRAM INCOME

    total $22,500 · related or exempt $22,500

  • 2b · Program service revenue: SIGNS OF HOPE

    total $3,230 · related or exempt $3,230

  • 2c · Program service revenue: SOLAR PRODUCTS

    total $220 · related or exempt $220

  • 2d · Program service revenue: SCRAP METAL

    total $126 · related or exempt $126

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $46,453 · program services $46,453

  • 7 · Other salaries and wages

    total $64,890 · program services $64,890

  • 10 · Payroll taxes

    total $1,033 · program services $1,033

  • 11b · Fees: legal

    total $35 · program services $35

  • 11g · Fees: other

    total $95,180 · program services $95,180

  • 12 · Advertising and promotion

    total $605 · program services $605

  • 13 · Office expenses

    total $1,643 · program services $1,643

  • 14 · Information technology

    total $1,125 · program services $1,125

  • 16 · Occupancy

    total $26,431 · program services $26,431

  • 17 · Travel

    total $21,311 · program services $21,311

  • 22 · Depreciation, depletion and amortization

    total $41 · program services $41

  • 23 · Insurance

    total $5,679 · program services $5,679

  • 24a · Other expenses: EPICENTER EXPENSES

    total $40,673 · program services $40,673

  • 24b · Other expenses: RESEARCH AND DEVELOPMEN

    total $20,978 · program services $20,978

  • 24c · Other expenses: SOLAR PRODUCTS

    total $16,332 · program services $16,332

  • 24d · Other expenses: MISCELLANEOUS

    total $12,235 · program services $12,235

  • 24e · All other expenses

    total $21,754 · program services $21,754

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,052 · end of year $31,393

  • 8 · Inventories for sale or use

    beginning of year $23,587 · end of year $23,587

  • 10a · Land, buildings and equipment: cost or other basis

    $64,684

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,702

  • 10c · Land, buildings and equipment, net

    beginning of year $26,773 · end of year $27,982

  • 27 · Net assets without donor restrictions

    beginning of year $133,412 · end of year $82,962

Mission and programs · 2022

Mission

TO OPTIMIZE RENEWABLE ENERGY AS A TOOL FOR ECONOMIC, HUMAN AND COMMUNITY TRANSFORMATION. TO EQUIP LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH EDUCATION, SKILL TRAINING, SUSTAINABLE MICRO AND SMALL SCALE LOANS AND COPPERATIVE ENTERPRISE, TO TRANSFORM THEIR COMMUNITY BY WORKING TOGETHER TO FABRICATE, INSTALL AND SERVICE RENEWABLE ENERGY SYSTEMS TO REPOWER THEIR HOMES AND COMMUNITY FACILITIES.

  • TO OPTIMIZE RENEWABLE ENERGY AS A TOOL FOR ECONOMIC, HUMAN AND COMMUNITY TRANSFORMATION. TO EQUIP LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH EDUCATION, SKILL TRAINING, SUSTAINABLE MICRO AND SMALL SCALE LOANS AND COPPERATIVE ENTERPRISE, TO TRANSFORM THEIR COMMUNITY BY WORKING TOGETHER TO FABRICATE, INSTALL AND SERVICE RENEWABLE ENERGY SYSTEMS TO REPOWER THEIR HOMES AND COMMUNITY FACILITIES.

    Expenses $376,398 · Revenue $26,076

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Dodge

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Barbara Weaver

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lara Foster

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • John Prusa

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Anne Derby

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Chuck Coleman

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Stephen Iwunor

    MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2023
IRS schema version
2022v5.0
Source object
202301809349300505

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