New Generation Inc
- Assets
- $0.0
- Revenue
- $682.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Greenland, NH
- Founding
- 09/1987
- Data as of
- 05/2021
- EIN
- 02-0409655
Organization Overview
New Generation Inc is located in Greenland, NH. The organization was established in 1987. According to its NTEE Classification (P45) the organization is classified as: Family Services for Adolescent Parents, under the broad grouping of Human Services and related organizations. As of 05/2021, New Generation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Generation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2021, New Generation Inc generated $682.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $524.2k during the year ending 05/2021. While expenses have increased by 8.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A SAFE FAMILY-ORIENTED SHELTER FOR HOMELESS PREGNANT WOMEN, THEIR BABIES, AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SHELTER AND CARE TO PREGNANT AND HOMELESS WOMEN REGARDLESS OF RACE, RELIGION, DISABILITY OR ECONOMIC STATUS. IN THE LAST FISCAL YEAR, WE SERVED 55 WOMEN AND CHILDREN.NEW GENERATION WILL CONTINUE ITS MISSION AS LONG AS THERE IS A NEED IN THE COMMUNITY. WE WILL CONTINUE TO BE AN ALL-ENCOMPASSING PROGRAM THAT NOT ONLY PROVIDES A WARM BED AND A HEALTHY MEAL, BUT ALSO A HOLISTIC APPROACH TO COMBATING POVERTY, HOMELESSNESS, AND CHILD ABUSE AND NEGLECT. WE WILL CONTINUE TO ENSURE THAT EVERY WOMAN RECEIVES PROPER PRE-NATAL CARE. WE WILL CONTINUE TO PROVIDE PARENTING EDUCATION, CASE MANAGEMENT, LIFE-SKILLS COACHING, AND TRANSPORTATION - ALL IN AN EFFORT TO CREATE SELF-SUSTAINING FAMILY UNITS THAT ARE HEALTHY AND FUNCTIONAL.
OPERATIONS OF A THRIFT SHOP LOCATED IN GREENLAND, NEW HAMPSHIRE. MERCHANDISE IS DONATED BY THE PUBLIC. STAFFING IS BOTH PAID EMPLOYEES AND VOLUNTEERS. RESIDENTS ALSO WORK IN THE SHOPS.TOTAL GROSS RECEIPTS FROM THE THRIFT SHOP DURING THE FISCAL YEAR WERE $135,256 AND RELATED EXPENSES TOTALED $92,573, RESULTING IN A NET GAIN OF $42,682. IRS FILING INSTRUCTIONS STIPULATE THAT DONATIONS ARE TO BE REPORTED ON FORM 990, PART VIII, LINE 1, AND A SIGNIFICANT PORTION OF NEW GENERATION'S REVENUE RELATED TO THE THRIFT SHOP IS CONTRIBUTED NONCASH ITEMS. THEREFORE, THE ORGANIZATION'S PROGRAM SERVICE REVENUE RELATED TO THE OPERATION OF ITS THRIFT SHOPS AS SHOWN IN PART III AND PART VIII IS NET OF $86,857 OF REALLOCATED CASH AND IN-KIND DONATIONS. THIS REALLOCATION PRESENTS AS A LOSS OF $44,174.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Stout Director | Trustee | 1 | $1,600 |
Julie Bailey President | OfficerTrustee | 2 | $0 |
Diane Withee Treasurer | OfficerTrustee | 2 | $0 |
Kathleen Kilgore Secretary | OfficerTrustee | 2 | $0 |
Elsy Ciprani Executive Director (start Jan 2021) | Officer | 40 | $0 |
Dennis Malloy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,991 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $345,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,702 |
| Noncash contributions included in lines 1a–1f | $95,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,598 |
| Total Program Service Revenue | $17,966 |
| Investment income | $2,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$44,174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,600 |
| Compensation of current officers, directors, key employees. | $217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,147 |
| Payroll taxes | $21,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,240 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,958 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,570 |
| Insurance | $9,459 |
| All other expenses | $54,624 |
| Total functional expenses | $524,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Generation Inc has recieved totaling $48,526.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support and aftercare support | $37,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,876 |
Herbert A Grant And Iva B Grant Charitable Trust Bridgton, ME PURPOSE: GENERAL PURPOSE | $2,000 |
Ludes Family Foundation Marion, MA PURPOSE: UNRESTRICTED | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $800 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Alliance On Teen Pregnancy Inc Needham, MA | $180,764 | $817,910 |
New Generation Inc Greenland, NH | $0 | $682,495 |
Visitation House Inc Worcester, MA | $1,279,363 | $709,529 |
St Giannas Place Londonderry, NH | $643,692 | $495,141 |
Charlton Reas Foundation Charlton, MA | $27,801 | $0 |
Mom Bomb Inc Shrewsbury, MA | $92 | $0 |
Btown Twirlers Inc Belchertown, MA | $9,819 | $0 |
Grateful Samaritan Inc Marshfield, MA | $0 | $0 |