Form 990 for tax year 2024
Filed by NEW VISION RENEWABLE ENERGY INC.
Totals
- Total revenue
- $683,291
- Total expenses
- $478,462
- Contributions and grants received
- $624,329
- Grants paid
- $0
- Program service revenue
- $58,047
- Investment income
- $0
- Other revenue
- $915
- Total assets, end of year
- $773,224
- Total liabilities, end of year
- $428,660
- Net assets or fund balances, end of year
- $344,564
- Program services expenses (Part IX)
- $478,462
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $478,462
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.
-
1f · All other contributions, gifts and grants
$624,329
-
2a · Program service revenue: MISSION GROUP HOSTING
total $22,626 · related or exempt $22,626
-
2b · Program service revenue: JOBS & HOPE REIMBURSEM
total $20,119 · related or exempt $20,119
-
2c · Program service revenue: SOLAR PRODUCTS
total $12,846 · related or exempt $12,846
-
2d · Program service revenue: JOB TRAINING REIMBURSE
total $2,456 · related or exempt $2,456
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $915 · related or exempt $915
-
11e · Other revenue, total
$915
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $255,282 · program services $255,282
-
10 · Payroll taxes
total $26,953 · program services $26,953
-
11b · Fees: legal
total $552 · program services $552
-
11c · Fees: accounting
total $367 · program services $367
-
12 · Advertising and promotion
total $3,337 · program services $3,337
-
13 · Office expenses
total $14,459 · program services $14,459
-
14 · Information technology
total $2,285 · program services $2,285
-
16 · Occupancy
total $8,232 · program services $8,232
-
17 · Travel
total $6,258 · program services $6,258
-
23 · Insurance
total $11,047 · program services $11,047
-
24a · Other expenses: PAYROLL EXPENSE
total $54,260 · program services $54,260
-
24b · Other expenses: SOLAR PRODUCTS
total $20,988 · program services $20,988
-
24c · Other expenses: MEALS
total $15,359 · program services $15,359
-
24d · Other expenses: MISSION GROUP
total $13,250 · program services $13,250
-
24e · All other expenses
total $45,833 · program services $45,833
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,189 · end of year $47,617
-
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
$738,722
-
10b · Land, buildings and equipment: accumulated depreciation
$36,702
-
10c · Land, buildings and equipment, net
beginning of year $241,987 · end of year $702,020
-
17 · Accounts payable and accrued expenses
beginning of year $4,943 · end of year $1,123
-
23 · Secured mortgages and notes payable
beginning of year $140,085 · end of year $427,537
-
27 · Net assets without donor restrictions
beginning of year $139,735 · end of year $344,564
Mission and programs · 2024
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 $478,462 · Revenue $58,962
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris DodgeCHRIS DODGE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Ngozi Stephen IwunorNGOZI STEPHEN IWUNOR
MENTOR DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jenna CombsJENNA COMBS
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Ken CombsKEN COMBS
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Anne DerbyANNE DERBY
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Chuck ColemanCHUCK COLEMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kary KingslandKARY KINGSLAND
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kevin HunterKEVIN HUNTER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Rebecca NethkenREBECCA NETHKEN
BOOKKEEPER
- Total calculated
- $0
- Hours/week
- 5
-
Ruston SeamanRUSTON SEAMAN
PRESIDENT/CEO
- Total calculated
- $0
- Hours/week
- 10
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
- 2024
- Filed
- 24 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542129349300339
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