New Perspectives Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Sioux City, IA
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 42-1050307
Organization Overview
New Perspectives Inc is located in Sioux City, IA. The organization was established in 1977. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, New Perspectives Inc employed 18 individuals. This organization is the central organization for a national or regional group of organizations. New Perspectives 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 Perspectives Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $768.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. 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 PROVIDE JOBS AND EDUCATION TO THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIENT WORKSHOP PROGRAMS & PRODUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolie M Corder Executive Director | Officer | 40 | $85,609 |
Jon Friessen Treasurer | OfficerTrustee | 1 | $0 |
Mark Stuck Vice President | OfficerTrustee | 1 | $0 |
Joe Durham President | OfficerTrustee | 1 | $0 |
Amy Tooley Secretary | OfficerTrustee | 1 | $0 |
Steve Warnstadt Director | Trustee | 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 | $16,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,878 |
| Total Program Service Revenue | $924,126 |
| Investment income | $3,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,660 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,115,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $95,082 |
| Compensation of current officers, directors, key employees. | $95,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,473 |
| Pension plan accruals and contributions | $5,344 |
| Other employee benefits | $24,719 |
| Payroll taxes | $50,954 |
| Fees for services: Management | $0 |
| 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 | $3,639 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,595 |
| Travel | $11,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,086 |
| Insurance | $46,476 |
| All other expenses | $17,727 |
| Total functional expenses | $768,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,268 |
| 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 | $12,651 |
| Net Land, buildings, and equipment | $389,622 |
| Investments—publicly traded securities | $170,293 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $152,364 |
| Total assets | $1,202,248 |
| Accounts payable and accrued expenses | $25,431 |
| 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 | $173,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,454 |
| Total liabilities | $226,639 |
| Net assets without donor restrictions | $975,609 |
| 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 | $1,202,248 |
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