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Nonprofiteer
← NEW VISION RENEWABLE ENERGY INC

Form 990 for tax year 2025

Filed by NEW VISION RENEWABLE ENERGY INC.

Totals

Total revenue
$1,719,516
Total expenses
$704,275
Contributions and grants received
$1,617,992
Grants paid
$71,706
Program service revenue
$101,124
Investment income
$0
Other revenue
$400
Total assets, end of year
$2,400,203
Total liabilities, end of year
$727,937
Net assets or fund balances, end of year
$1,672,266
Program services expenses (Part IX)
$522,994
Management and general expenses
$154,181
Fundraising expenses
$27,100
Program service expenses (Part III)
$522,994

Program services were 74.3% 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)

    $234,533

  • 1f · All other contributions, gifts and grants

    $1,383,459

  • 2a · Program service revenue: SOLAR FEES

    total $52,322 · related or exempt $52,322

  • 2b · Program service revenue: MISSION FEES

    total $48,802 · related or exempt $48,802

  • 6a · Gross rents

    real property $400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $400

  • 6d · Net rental income or loss

    total $400 · related or exempt $400

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $71,706 · program services $71,706

  • 5 · Compensation of officers, directors and key employees

    total $62,400 · program services $62,400

  • 7 · Other salaries and wages

    total $184,321 · program services $85,824 · management and general $98,497

  • 10 · Payroll taxes

    total $18,874 · program services $11,339 · management and general $7,535

  • 11a · Fees: management

    total $83,585 · program services $83,585

  • 11b · Fees: legal

    total $12,606 · program services $12,606

  • 12 · Advertising and promotion

    total $27,100 · fundraising $27,100

  • 13 · Office expenses

    total $24,155 · management and general $24,155

  • 14 · Information technology

    total $1,554 · management and general $1,554

  • 16 · Occupancy

    total $44,442 · program services $39,727 · management and general $4,715

  • 17 · Travel

    total $53,093 · program services $53,093

  • 19 · Conferences, conventions and meetings

    total $310 · program services $310

  • 20 · Interest

    total $17,725 · management and general $17,725

  • 22 · Depreciation, depletion and amortization

    total $7,556 · program services $7,556

  • 23 · Insurance

    total $16,996 · program services $16,996

  • 24a · Other expenses: OTHER PROGRAMS

    total $60,590 · program services $60,590

  • 24b · Other expenses: MISSION EXPENSES

    total $17,262 · program services $17,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,617 · end of year $65,658

  • 3 · Pledges and grants receivable

    end of year $543,374

  • 8 · Inventories for sale or use

    beginning of year $23,587 · end of year $0

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

    $1,166,321

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

    $13,789

  • 10c · Land, buildings and equipment, net

    beginning of year $702,020 · end of year $1,152,532

  • 15 · Other assets

    beginning of year $0 · end of year $638,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,123 · end of year $16,055

  • 22 · Loans and payables to officers and key people

    end of year $40,000

  • 23 · Secured mortgages and notes payable

    beginning of year $427,537 · end of year $671,882

  • 27 · Net assets without donor restrictions

    beginning of year $344,564 · end of year $1,672,266

Mission and programs · 2025

Mission

A CHRISTIAN COMMUNITY DEVELOPMENT ORGANIZATION INVESTING IN YOUNG PEOPLE AND RURAL COMMUNITIES THROUGH HOUSING, WORKFORCE TRAINING, MENTORSHIP AND LEADERSHIP DEVELOPMENT; HELPING INDIVIDUALS DISCOVER THEIR GOD-GIVEN POTENTIAL AND BUILDING THRIVING COMMUNITIES.

Activities or mission (Part I)

INVEST IN YOUNG PEOPLE AND RURAL COMMUNITIES THROUGH HOUSING, WORKFORCE TRAINING, AND MENTORSHIP.

  • A CHRISTIAN COMMUNITY DEVELOPMENT ORGANIZATION INVESTING IN YOUNG PEOPLE AND RURAL COMMUNITIES THROUGH HOUSING, WORKFORCE TRAINING, MENTORSHIP AND LEADERSHIP DEVELOPMENT; HELPING INDIVIDUALS DISCOVER THEIR GOD-GIVEN POTENTIAL AND BUILDING THRIVING COMMUNITIES.

    Expenses $434,026

  • THE ORGANIZATION COLLABORATES WITH VARIOUS MISSION GROUPS ACROSS THE COUNTRY TO PERFORM WORK IN AND AROUND THE LOCAL COMMUNITY. THE PURPOSE OF THE MISSIONS IS TO TRANSFORM THE COMMUNITY THROUGH SERVICE PROJECTS.

    Expenses $17,262 · Revenue $48,802

  • THE ORGANIZATION ACCEPTS DONATIONS TO SPONSOR SOLAR LIGHT KITS AND WATER FILTRATION SYSTEMS. THE KITS ARE PACKAGED AND SHIPPED TO WAR TORN AREAS OF THE WORLD, SPECIFICALLY UKRAINE.

    Expenses $71,706 · Revenue $52,322

As filed on the 2025 return.

Listed in Part VII

  • Ruston Seaman

    PRESIDENT/CEO

    Total calculated
    $62,400
    From this org
    $62,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kevin Hunter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kary Kingsland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Iwunor

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chuck Coleman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Derby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Bertleson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Nonnemacher

    VICE CHAIR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
20 July 2026
IRS schema version
2025v4.2
Source object
202642119349300804

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