New Directions Foundation Inc
- Assets
- $13.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Randolph, NY
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 22-3124041
Organization Overview
New Directions Foundation Inc is located in Randolph, NY. The organization was established in 1991. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Directions Foundation 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 06/2022, New Directions Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $922.3k during the year ending 06/2022. While expenses have increased by 3.5% 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
TO BENEFIT NEW DIRECTIONS YOUTH AND FAMILY SERVICES, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL ASSISTANCE TO NEW DIRECTIONS YOUTH AND FAMILY SERVICES INC. A 501(C)(3) ORGANIZATION, IN CARRYING OUT ITS PROGRAMS FOR CHILDREN, INCLUDING CAPITAL PROJECTS AND DEBT REDUCTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward L Acara President | OfficerTrustee | 1 | $0 |
John G Sellstrom Treasurer | OfficerTrustee | 1 | $0 |
Nancy Kasprazak-Whitmore Vice-President | OfficerTrustee | 1 | $0 |
David G Messinger Secretary | OfficerTrustee | 1 | $0 |
James Coder Executive Director | Officer | 1 | $0 |
R Thomas Weeks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,323 |
| Total Program Service Revenue | $0 |
| Investment income | $371,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $759,348 |
| Net Income from Fundraising Events | $964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,217,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,276 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,813 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,895 |
| 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 | $98,683 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,169 |
| Information technology | $4,541 |
| Royalties | $0 |
| Occupancy | $6,864 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $922,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,053 |
| Savings and temporary cash investments | $446,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $218,392 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,231 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,561,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,200 |
| Total assets | $13,328,320 |
| Accounts payable and accrued expenses | $51,800 |
| 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 | $51,800 |
| Net assets without donor restrictions | $12,831,462 |
| Net assets with donor restrictions | $445,058 |
| 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 | $13,328,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Directions Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Margaret Dermitt Estate Char Trust Brooklyn, OH PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
| Beg. Balance | $15,725,269 |
| Earnings | -$1,612,765 |
| Admin Expense | $266,644 |
| Net Contributions | $88,936 |
| Grants | $658,276 |
| Ending Balance | $13,276,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Finger Lakes Inc Rochester, NY | $32,628,122 | $49,070,844 |
Cds Life Transitions Inc Webster, NY | $27,377,961 | $42,498,217 |
Marc Lustgarten Pancreatic Cancer Foundation Woodbury, NY | $78,505,397 | $30,446,505 |
Oorah Inc Lakewood, NJ | $130,482,876 | $48,751,696 |
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |