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Nonprofiteer
← NEW VOICES FOUNDATION

Form 990 for tax year 2023

Filed by NEW VOICES FOUNDATION.

Totals

Total revenue
$1,104,286
Total expenses
$1,086,853
Contributions and grants received
$778,076
Grants paid
$284,500
Program service revenue
$280,003
Investment income
$46,207
Other revenue
$0
Total assets, end of year
$36,611,805
Total liabilities, end of year
$37,006
Net assets or fund balances, end of year
$36,574,799
Program services expenses (Part IX)
$1,016,847
Management and general expenses
$70,006
Fundraising expenses
$0
Program service expenses (Part III)
$1,016,847

Program services were 93.6% 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

    $778,076

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $280,003 · related or exempt $280,003

  • 3 · Investment income

    total $46,207 · excluded $46,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $284,500 · program services $284,500

  • 11b · Fees: legal

    total $36,398 · management and general $36,398

  • 11c · Fees: accounting

    total $5,800 · management and general $5,800

  • 11g · Fees: other

    total $407,909 · program services $407,909

  • 12 · Advertising and promotion

    total $39,523 · program services $39,523

  • 13 · Office expenses

    total $26,950 · program services $13,475 · management and general $13,475

  • 17 · Travel

    total $5,438 · program services $5,438

  • 23 · Insurance

    total $14,333 · management and general $14,333

  • 24a · Other expenses: OTHER BUSINESS EXPENSES

    total $264,615 · program services $264,615

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $1,192 · program services $1,192

  • 24c · Other expenses: MEMBERSHIPS

    total $195 · program services $195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,013 · end of year $221,908

  • 2 · Savings and temporary cash investments

    beginning of year $8,667,019

  • 4 · Accounts receivable

    beginning of year $1,600,000 · end of year $3,545,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,216,052 · end of year $2,807,215

  • 13 · Investments: program-related

    beginning of year $21,940,288 · end of year $30,037,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,006 · end of year $37,006

  • 27 · Net assets without donor restrictions

    beginning of year $36,557,366 · end of year $36,574,799

Mission and programs · 2023

Mission

TO EMPOWER EMERGING WOMEN OF COLOR ENTREPRENEURS WITH THE SUPPORT THEY NEED TO BE SUCCESSFUL AND HELP THEM REALIZE THEIR POTENTIAL AND TRANSFORM THEIR COMMUNITIES THROUGH COMMERCE.

Activities or mission (Part I)

TO SUPPORT EMERGING WOMEN OF COLOR ENTREPRENEURS.

  • COMMUNITY FUNDING PROGRAM: NEW VOICES FOUNDATION IS DELIVERING ON ITS PROMISE TO HELP WOMEN OF COLOR BUSINESS OWNERS BUILD, GROW AND SCALE THEIR BUSINESSES AND CREATE A MORE INCLUSIVE ENTREPRENEURIAL ECOSYSTEM.WE PROVIDE THEM WITH UNPRECEDENTED ACCESS, CAPITAL, AND EXPERTISE VIA PITCH COMPETITIONS; MOBILE ACCELERATORS; COACHING AND MENTORSHIP FOR PITCH WINNERS AND OTHERS IN THE NEW VOICES COMMUNITY; ONLINE LEARNING AND SKILLS DEVELOPMENT OPPORTUNITIES; AND ONGOING COMMUNICATIONS OUTREACH VIA SOCIAL MEDIA, NEWSLETTERS AND OTHER CHANNELS.

    Expenses $1,016,847 · Grants $284,500 · Revenue $280,003

As filed on the 2023 return.

Listed in Part VII

  • Richeliu W Dennis Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Martha Dennis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richelyna Hall

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Dennis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • SWELLA BEAUTY

    $75,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • CPRWRAP INC

    $50,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • BRICKROSE EXCHANGE

    $25,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • NATURALLY DRENCHED LLC

    $20,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • MINTY EDUCATIONAL SERVICES

    $15,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • LUNA MAGIC

    $12,500

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • GEMINI NATURALS

    $10,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • SOUTHEASTERN ROASTERY

    $10,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • 4AM CO

    $10,000

    TO SUPPORT THE ORGANIZATIONS MISSION.

  • CULTURE CARE

    $5,500

    TO SUPPORT THE ORGANIZATIONS MISSION.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
16 May 2025
IRS schema version
2023v6.0
Source object
202531369349301003

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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