New Futures Inc
- Assets
- $4.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Concord, NH
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 02-0525391
Organization Overview
New Futures Inc is located in Concord, NH. The organization was established in 2001. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, New Futures Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Futures 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 12/2022, New Futures Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW FUTURES IS A NONPARTISAN, NONPROFIT ORGANIZATION THAT ADVOCATES, EDUCATES, AND COLLABORATES TO IMPROVE HEALTH AND WELLNESS OF ALL NEW HAMPSHIRE RESIDENTS THROUGH POLICY CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE - NEW FUTURES, INC.'S CORE WORK INCLUDES THE ORIGINAL FOCUS AREAS THE ORGANIZATION WAS FOUNDED ON. SPECIFIC AREAS OF POLICY WITHIN THE CORE PROGRAM INCLUDE ALCOHOL AND OTHER DRUG REGULATION, AND SUBSTANCE USE PREVENTION, TREATMENT AND RECOVERY. THE CORE PROGRAM ALSO SEEKS TO INCREASE THE CAPACITY OF INDIVIDUALS TO ADVOCATE FOR POLICY RELATED TO SUBSTANCE USE AND BEHAVIORAL HEALTH. NEW FUTURES CONDUCTS ADVOCACY TRAININGS ON NH'S LEGISLATIVE PROCESS AND HOW TO EFFECTIVELY INTERACT WITH POLICYMAKERS. THESE TRAININGS ARE BROADLY AVAILABLE TO RESIDENTS, COMMUNITY LEADERS, AND OTHER NONPROFIT ORGANIZATIONS, AT LITTLE TO NO COST. IN 2022, 591 INDIVIDUALS AND 31 ORGANIZATIONS WERE TRAINED ACROSS NEW FUTURES PROGRAMS.
OTHER PROGRAMS - NEW FUTURES SERVES AS A FISCAL SPONSOR TO THE NH EARLY CHILDHOOD COALITIONS AND THE YOUTH JUSTICE STEWARDS PROGRAM. IN ADDITION, NEW FUTURES SERVED AS THE FISCAL AGENT TO PROJECT FUNDING FOR A PUBLIC HEALTH AND VACCINE INFORMATION CAMPAIGN WHICH WAS CREATED TO ADDRESS THE GROWING CONCERN FOR NH'S ANTI-VACCINE MOVEMENT, WHICH PUT STATE PUBLIC HEALTH PROGRAMS, SUCH AS NH'S HIGHLY EFFECTIVE CHILDHOOD VACCINE PROGRAM AND NEWLY DEVELOPED IMMUNIZATION REGISTRY, DIRECTLY AT RISK.
EXPANDED CAPACITY - NEW FUTURES, INC.'S EXPANDED CAPACITY WORK INCLUDES FOCUS AREAS WITHIN THE EXPANDED MISSION OF NEW FUTURES, INC. SPECIFIC AREAS OF POLICY WITHIN THE EXPANDED CAPACITY PROGRAM INCLUDE HEALTHCARE ACCESS AND AFFORDABILITY, EARLY CHILDCARE EDUCATION AND HEALTH, AND CHILDREN'S BEHAVIORAL HEALTH. THE EXPANDED CAPACITY PROGRAM ALSO SEEKS TO INCREASE THE CAPACITY OF INDIVIDUALS TO ADVOCATE FOR POLICY RELATED TO HEALTH CARE, CHILDREN'S BEHAVIORAL HEALTH AND EARLY CHILDHOOD. NEW FUTURES CONDUCTS ADVOCACY TRAININGS ON NH'S LEGISLATIVE PROCESS AND HOW TO EFFECTIVELY INTERACT WITH POLICYMAKERS. IN 2022, 54 TRAININGS WERE CONVENED ACROSS NEW FUTURES PROGRAMS.
ADDITIONAL PROGRAMS - IN FURTHERANCE OF NEW FUTURES, INC.'S MISSION, THE ORGANIZATION PROVIDES ENGAGEMENT CAPACITY AND SUPPORT TO THE ALLIANCE FOR HEALTHY AGING, WITH THE GOAL OF ORGANIZING AND EDUCATING TO CREATE A BROADER BASE OF CIVIC SUPPORT FOR AGING ISSUES IN NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Lavoie Board Chair | OfficerTrustee | 4 | $0 |
Kelly Untiet Vice Chair | OfficerTrustee | 4 | $0 |
Kelsea Hale Treasurer | OfficerTrustee | 4 | $0 |
Glenn Quinney Secretary | OfficerTrustee | 4 | $0 |
Eric Adams Director | Trustee | 1 | $0 |
Borja Alvarez DE Toledo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,533,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,533,773 |
| Total Program Service Revenue | $168,710 |
| Investment income | $15,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,717,782 |
| 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. | $144,000 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $947,493 |
| Pension plan accruals and contributions | $45,488 |
| Other employee benefits | $112,844 |
| Payroll taxes | $83,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466,045 |
| Advertising and promotion | $0 |
| Office expenses | $21,714 |
| Information technology | $74,594 |
| Royalties | $0 |
| Occupancy | $51,136 |
| Travel | $19,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,955 |
| Interest | $51,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,344 |
| Insurance | $8,535 |
| All other expenses | $24,180 |
| Total functional expenses | $2,307,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,016,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,310 |
| 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 | $1,429 |
| Investments—publicly traded securities | $374,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,789,740 |
| Total assets | $4,194,166 |
| Accounts payable and accrued expenses | $70,704 |
| 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 | $1,729,162 |
| Total liabilities | $1,799,866 |
| Net assets without donor restrictions | $1,926,659 |
| Net assets with donor restrictions | $467,641 |
| 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 | $4,194,166 |