New Sector Alliance Inc
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Belmont, MA
- Founding
- 04/2002
- Data as of
- 08/2023
- EIN
- 04-3570463
Organization Overview
New Sector Alliance Inc is located in Belmont, MA. The organization was established in 2002. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 08/2023, New Sector Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Sector Alliance 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 08/2023, New Sector Alliance Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $491.9k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A BETTER FUTURE BY STRENGTHENING ORGANIZATIONS AND DEVELOPING LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP PROGRAMS:NEW SECTOR ALLIANCE RUNS FELLOWSHIP PROGRAMS THAT BRING TOGETHER COHORTS OF HIGHLY-MOTIVATED, MISSION-DRIVEN PROFESSIONALS COMMITTED TO MAKE A DIFFERENCE. DESIGN YOU SUCCESS PROGRAM TO HELP MISSION-DRIVEN ORGANIZATIONS FOSTER A GROWTH MINDSET AND ENHANCE CAREER RESILIENCE WITHIN THEIR TEAMS AND COMMUNITIES. LEADERSHIP LONGEVITY FELLOWSHIP TO SUPPORT THE WELL-BEING, LEADERSHIP DEVELOPMENT, AND SUSTAINABILITY OF OUR NATION'S MISSION-DRIVEN WORKFORCE. NEW SECTOR ALLIANCE LEADERSHIP LONGEVITY RETREAT AND ALUMNI PROGRAMMING TO SUPPORT THE LONG-TERM PROFESSIONAL DEVELOPMENT, RELATIONSHIP-BUILDING, AND WELLNESS OF NEW SECTOR ALLIANCE FELLOWS, ALUMNI, AND SUPPORTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Lebanon Board President | OfficerTrustee | 5 | $0 |
Heidi Brooks Board Treasurer | OfficerTrustee | 5 | $0 |
Carlin Webster Board Secretary | OfficerTrustee | 10 | $22,393 |
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 | $1,917,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,917,727 |
| Total Program Service Revenue | $0 |
| Investment income | $48 |
| 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 | $1,917,775 |
| 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. | $127,200 |
| Compensation of current officers, directors, key employees. | $25,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,326 |
| Advertising and promotion | $1,596 |
| Office expenses | $10,693 |
| Information technology | $5,169 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,052 |
| All other expenses | $0 |
| Total functional expenses | $491,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,110,133 |
| 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 | $3,500 |
| 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 | $1,802,011 |
| Accounts payable and accrued expenses | $18,964 |
| 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 | $18,964 |
| Net assets without donor restrictions | $212,507 |
| Net assets with donor restrictions | $1,570,540 |
| 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 | $1,802,011 |