New Day Foundation For Families
- Assets
- $624.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Rochester Hills, MI
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-0609040
Organization Overview
New Day Foundation For Families is located in Rochester Hills, MI. The organization was established in 2009. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, New Day Foundation For Families employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Day Foundation For Families 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 12/2023, New Day Foundation For Families generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 11.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW DAY IS AN ACCESSIBLE, TRUSTED AND PATIENT FOCUSED MICHIGAN CANCER SUPPORT ORGANIZATION THAT PROVIDES FINANCIAL AND EMOTIONAL RESOURCES TO IMPROVE QUALITY OF LIFE AND TREATMENT OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW DAY HELPS MICHIGAN CANCER PATIENTS AND THEIR FAMILIES BY PROVIDING FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT. THE ORGANIZATION HAS IMPROVED HEALTH EQUITY FOR CANCER PATIENTS FOR 17 YEARS WITH APPLICATIONS COMING THROUGH MORE THAN 100 HOSPITALS ACROSS THE STATE. NEW DAY SERVES MORE THAN 2300 CANCER PATIENTS, CAREGIVERS, PARENTS, AND CHILDREN EVERY YEAR BEFORE THEY HIT CRITICAL FINANCIAL AND EMOTIONAL BREAKING POINTS. FINANCIAL TOXICITY IS A HARMFUL SIDE EFFECT THAT CREATES SIGNIFICANT BARRIERS TO TREATMENT AND HEALING. NEW DAY PROVIDES FINANCIAL ASSISTANCE PAID DIRECTLY TO CREDITORS ON BEHALF OF FAMILIES FOR HOUSING, UTILITIES, TRANSPORTATION, FOOD, AND OTHER BASIC NECESSITIES BECAUSE NO FAMILY SHOULD HAVE TO MAKE UNTHINKABLE CHOICES BETWEEN MEDICAL TREATMENT AND HAVING BASIC NEEDS MET. RESEARCH SHOWS THAT FINANCIAL STRESS DIRECTLY IMPACTS TREATMENT OUTCOMES, WITH MORTALITY RATES DOUBLING FOR THOSE IMPACTED BY FINANCIAL TOXICITY. THE EMOTIONAL SUPPORT PROGRAM CONSISTS OF A TRAINED STAFF AND COMMITTED NETWORK OF DIVERSE, MULTILINGUAL PROFESSIONAL COUNSELORS WHO RECEIVE DIRECT REFERRALS FROM NEW DAY. IN 2023, NEW DAY SUPPORTED 2,328 PEOPLE IN MICHIGAN WITH FINANCIAL, EMOTIONAL AND GROCERY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Kell Spehn Co-Founder/p | OfficerTrustee | 40 | $61,432 |
Matt Jamison Director | Trustee | $0 | |
Alicia Jeffreys Director | Trustee | $0 | |
Mary Sue Lanigan Director | Trustee | $0 | |
Ed Lynch Board Chairm | Trustee | $0 | |
Dana Zakalik MD Director | Trustee | $0 |
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 | $1,287,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,287,201 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $382,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,669,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $779,654 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,514 |
| Compensation of current officers, directors, key employees. | $5,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $118,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,600 |
| Advertising and promotion | $13,195 |
| Office expenses | $31,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,735 |
| Travel | $12,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,681 |
| Insurance | $11,557 |
| All other expenses | $69 |
| Total functional expenses | $1,523,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $59,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,839 |
| Total assets | $624,830 |
| Accounts payable and accrued expenses | $2,760 |
| 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 | $67,873 |
| Total liabilities | $70,633 |
| Net assets without donor restrictions | $554,197 |
| Net assets with donor restrictions | $0 |
| 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 | $624,830 |