New Prospect Foundation
- Assets
- $1.3m
- Revenue
- $663.6k
- Investments
- $3.9k
- Employees
- 0
- Location
- Evanston, IL
- Founding
- Data as of
- 12/2017
- EIN
- 23-7032384
Organization Overview
New Prospect Foundation is located in Evanston, IL.
For the year ending 12/2017, New Prospect Foundation generated $663.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $176.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (47.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Lehman President | 3 | $0 | |
Philip Fontana Secretary | 1 | $0 | |
Philip Fontana Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $641,691 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,638 |
| Capital Gain Net Income | $12,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $110 |
| Total Revenue | $663,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,750 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $176,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,313,498 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,099 |
| Total assets | $1,318,463 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |