New Life Center Foundation
- Assets
- $3.3m
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 26-3074998
Organization Overview
New Life Center Foundation is located in Fargo, ND. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Center Foundation 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 06/2021, New Life Center Foundation generated $206.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $204.3k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO FARGO UNION MISSION (DBA NEW LIFE CENTER)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE IS TO SUPPORT FARGO UNION MISSION DBA FARGO UNION MISSION WHO MINISTER TO THE NEEDY IN FARGO-MOORHEAD AREA BY PROVIDING FOR THE PHYSICAL AND SPIRITUAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Swiers Secretary | OfficerTrustee | 5 | $0 |
Robert Remark President | OfficerTrustee | 0.1 | $0 |
Deborah Kaul Vice President | OfficerTrustee | 0.1 | $0 |
Aimee Schwartzwalter Treasurer | OfficerTrustee | 0.1 | $0 |
Vance Stemen Director | Trustee | 0.1 | $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 | $149,741 |
| Noncash contributions included in lines 1a–1f | $14,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,741 |
| Total Program Service Revenue | $0 |
| Investment income | $56,670 |
| 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 | $206,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,056 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,928 |
| 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 | $338 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $204,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,460 |
| 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 | $0 |
| Investments—publicly traded securities | $3,249,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,327,695 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,013,084 |
| Net assets with donor restrictions | $314,611 |
| 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 | $3,327,695 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Life Center Foundation has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $30,000 |
Blue Cross Blue Shield Of North Dakota Caring Foundation Fargo, ND PURPOSE: BCBSND BOARD MEMBER HONORARIUM | $3,000 |
The Barry Foundation Fargo, ND PURPOSE: PAY: ADDITIONAL SHOWERS | $1,000 |
The Barry Foundation Fargo, ND PURPOSE: PAY: BATHROOM RENOVATION | $1,000 |
The Barry Foundation Fargo, ND PURPOSE: PAY: GENESIS HOUSE BATHROOM RENOVATION | $1,000 |
Endowment Analysis
| Beg. Balance | $290,422 |
| Earnings | $48,432 |
| Net Contributions | $60,109 |
| Other Expense | $12,352 |
| Ending Balance | $386,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
Dorothy Day Capital Corporation S Paul, MN | $38,103,044 | $13,121,009 |
The Diocese Of Crookston Catholic Community Foundation Crookston, MN | $17,624,513 | $264,676 |
Bird Of Pray Foundation Billings, MT | $827,378 | $392,578 |
New Life Center Foundation Fargo, ND | $3,327,695 | $206,411 |
Gfrm Nmtc Holdings Great Falls, MT | $8,480,351 | $105,199 |
Lakota Peace Initiative Hot Springs, SD | $146,360 | $0 |