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Nonprofiteer
← NEW DIRECTIONS FOUNDATION INC

Form 990 for tax year 2023

Filed by NEW DIRECTIONS FOUNDATION INC.

Totals

Total revenue
$477,220
Total expenses
$237,874
Contributions and grants received
$102,176
Grants paid
$22,491
Program service revenue
$0
Investment income
$346,095
Other revenue
$28,949
Total assets, end of year
$14,743,169
Total liabilities, end of year
$11,563
Net assets or fund balances, end of year
$14,731,606
Program services expenses (Part IX)
$22,491
Management and general expenses
$209,273
Fundraising expenses
$6,110
Program service expenses (Part III)
$22,491

Program services were 9.5% 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

    $102,176

  • 3 · Investment income

    total $370,589 · excluded $370,589

  • 7a · Gross sales of assets other than inventory

    securities $1,025,749

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

    securities $1,050,243

  • 7c · Gain or loss

    securities -$24,494

  • 7d · Net gain or loss

    total -$24,494 · excluded -$24,494

  • 8a · Fundraising events: gross income

    $35,250

  • 8b · Fundraising events: direct expenses

    $13,366

  • 8c · Net income from fundraising events

    total $21,884 · excluded $21,884

  • 11a · Other revenue: OTHER INCOME

    total $7,065 · related or exempt $7,065

  • 11e · Other revenue, total

    $7,065

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,491 · program services $22,491

  • 7 · Other salaries and wages

    total $83,751 · management and general $83,751

  • 9 · Other employee benefits

    total $22,823 · management and general $22,823

  • 11a · Fees: management

    total $5,610 · management and general $5,610

  • 11f · Fees: investment management

    total $87,158 · management and general $87,158

  • 13 · Office expenses

    total $7,338 · management and general $7,338

  • 14 · Information technology

    total $6,110 · fundraising $6,110

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $2,310 · management and general $2,310

  • 24b · Other expenses: BANK FEES

    total $283 · management and general $283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,870 · end of year $75,978

  • 2 · Savings and temporary cash investments

    beginning of year $352,556 · end of year $511,038

  • 4 · Accounts receivable

    beginning of year $31,919 · end of year $23,784

  • 7 · Other notes and loans receivable

    beginning of year $198,014 · end of year $177,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,897 · end of year $18,388

  • 11 · Investments: publicly traded securities

    beginning of year $12,869,588 · end of year $13,918,289

  • 15 · Other assets

    beginning of year $16,961 · end of year $18,675

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,791 · end of year $11,563

  • 27 · Net assets without donor restrictions

    beginning of year $13,095,956 · end of year $14,286,548

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $22,491 · Grants $22,491

As filed on the 2023 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
    $244,740
    From this org
    $0
    From related orgs
    $225,153
    Other
    $19,587
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,153 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,469 related
    Nontaxable benefits
    $0 + $11,118 related
    Filer's total
    $0 + $244,740 related

  • Patricia O'Connor

    CFO

    Total calculated
    $147,731
    From this org
    $0
    From related orgs
    $125,821
    Other
    $21,910
    Hours/week
    1 + 34 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
2023
Filed
5 February 2025
IRS schema version
2023v6.0
Source object
202530369349300038

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