New Communities Foundation Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 11/1969
- Data as of
- 05/2024
- EIN
- 23-7029777
Organization Overview
New Communities Foundation Inc is located in Newark, NJ. The organization was established in 1969. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Communities 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 05/2024, New Communities Foundation Inc generated $39.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $39.2k during the year ending 05/2024. While expenses have increased by 7.0% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROGRAMS DEVELOPED TO AID CHILDREN OF LOW INCOME FAMILIES IN RECREATIONAL AND EDUCATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Newton M Richards Secretary | 1 | $0 | |
Dr Zachary Yamba President | 1 | $0 | |
Barry Baker Board Member | 1 | $0 | |
Madge Wilson Board Member | 40 | $0 | |
Migdalia Martinez Board Member | 1 | $0 | |
Elizabeth Mbakaya CFO | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,766 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$35,545 |
| Other Revenue | $0 |
| Total Revenue | $39,221 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,190 |
| Total expenses | $39,221 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |