New Spirit Inc

The information for New Spirit Inc is as of the organization's most recent filing in December '21. This organization is located in Springfield, MA. It has been in existence for 27 years, following its founding in 1994.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The New Spirit Inc's NTEE code is X20. The "X" tells us that the organization is classified as Religion-Related. The "20" tells us that the organization falls under the Christianity category. The NTEE describes Religion-Related organizations as those that provide opportunities for people to satisfy their inner needs and enhance their spiritual growth through organized worship or other devotional activities under the teachings of Jesus Christ. This includes Christian denominations, their ministries, missions, missionary activities, bible camps, and schools. The organization's mission is focused on providing summer camp sessions, retreats, and various training sessions for middle school and high school students and teens.

Program Areas

The summer camp sessions for middle school and high school students, retreats for teens, and various training sessions for teens are all part of the general fund. These activities are not specifically reported by another fund or program.

Organization Staffing

New Spirit Inc is run by Patrick Sears, who holds the position of President/treasurer. The organization has a small labor force, consisting of only 2 employees. None of the employees are paid over $100k per year. Supporting the small staff are 3 volunteers who contribute their time and efforts to the organization's mission.

Board Governance

New Spirit Inc, a non-profit organization, appears to be well-governed based on the provided information. The organization has a small board of 5 voting members, all of whom are independent. This suggests that decision-making within the organization is likely to be objective and free from any potential conflicts of interest. Furthermore, the fact that potential conflicts of interest do not exist indicates that the board members are focused on the best interests of the organization and its mission. The organization also demonstrates good governance practices by documenting both board meetings and committee meetings. This documentation ensures transparency and accountability within the organization, allowing for effective decision-making and oversight. Although the organization does not have a specific conflict of interest policy or require disclosure of conflicts, the absence of conflicts and the independent nature of the board members mitigate the risk of any conflicts negatively impacting the organization. While New Spirit Inc does not have written policies on whistleblower protection, document retention, or the substantiation and review of leadership and officer salaries, it is important to note that the absence of these policies does not necessarily indicate poor governance. However, implementing these policies in the future could further strengthen the organization's governance practices. Overall, based on the information provided, New Spirit Inc appears to be well-governed, with a focus on transparency, accountability, and the avoidance of conflicts of interest. The organization's commitment to documenting meetings and the independence of its board members contribute to its effective governance.

Organization Growth

The nonprofit organization, New Spirit Inc, has experienced a decrease in contributions and grants received from $175.3K in 2014 to $129.6K in 2021. Similarly, program service revenue has decreased from $180.3K in 2014 to $31.4K in 2021. Total revenue has also declined from $361.3K in 2014 to $199.0K in 2021. Employee salaries have decreased slightly from $240.3K in 2014 to $225.0K in 2021. Total expenses have decreased from $335.9K in 2014 to $235.0K in 2021. Despite these decreases, the organization has seen an increase in investment income from $5.7K in 2014 to $38.0K in 2021. The number of employees has remained constant at 2 throughout the entire time period, while the number of volunteers has increased from 2 in 2017 to 3 in 2021. Overall, New Spirit Inc has experienced some decline in various financial aspects, but has shown growth in terms of investment income and volunteer involvement.