Neo Fund
- Assets
- $89.8k
- Revenue
- $148.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Gresham, OR
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 45-3581689
Organization Overview
Neo Fund is located in Gresham, OR. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neo Fund 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 12/2021, Neo Fund generated $148.2k 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 (4.2%) each year. All expenses for the organization totaled $132.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO SERVE THE POOR SPECIFICALLY THROUGH BENEVOLENT GIVING, COMMUNITY DEVELOPMENT, AND MICRO LENDING WE AIM TO PROVIDE FOR THE POOR, IN THE AREAS WHERE WE WORK (PRIMARILY THE SLUMS OF LA CHURECA AND TIPITAPA, NICARAGUA AND ANDHRA PRADESH INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEO NICARAGUA GIVES SMALL MICRO LOANS TO EQUIP THE IMPOVERISHED PEOPLE.
WE HAVE CONTINUED TO SUPPORT THE HEALTH CLINIC IN ANDHRA PRADESH CALLED KISES. THIS PROVIDES A REGIONAL BASE TO LAUNCH MUCH NEEDED HEALTH CARE INITIATIVES AND A MICRO-LENDING PROGRAM TO SERVE IMPOVERISHED PEOPLE IN APPROXIMATELY 30 VILLAGES.
OTHER PROGRAM SERVICE COSTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Becker Accountant | Trustee | 4 | $6,772 |
Ronald Hockley Executive Director | Officer | 5 | $0 |
Tim Leitner Secretary - Treasurer | Officer | 1 | $0 |
Mark Tobin Member | Trustee | 0 | $0 |
Shoshon Tema Sweet Member | Trustee | 0 | $0 |
Cheryl Nemazie Communications Director | Trustee | 4 | $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 | $148,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,249 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,249 |
| 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. | $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 | $33,880 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,408 |
| Advertising and promotion | $0 |
| Office expenses | $10,485 |
| 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 | $131,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,288 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,526 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,814 |
| 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 | $17,661 |
| Net assets with donor restrictions | $72,153 |
| 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 | $89,814 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Neo Fund has recieved totaling $25,752.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,024 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Neighborhood House Assn San Diego, CA | $20,146,968 | $97,699,697 |
Pioneer Human Services Seattle, WA | $87,958,344 | $86,152,025 |
Sbcs Corporation Chula Vista, CA | $44,117,675 | $87,559,700 |
Hopelink Redmond, WA | $65,683,064 | $83,592,432 |
Bay Area Community Services Inc Oakland, CA | $30,842,402 | $71,014,541 |
United Movement Inc Las Vegas, NV | $7,228,928 | $63,347,968 |
Nevada H A N D Inc Las Vegas, NV | $197,568,857 | $83,930,370 |
Lift To Rise Palm Desert, CA | $10,036,798 | $56,799,508 |
Opportunity Council Bellingham, WA | $28,866,104 | $56,313,907 |
Catholic Charities Of Santa Clara County San Jose, CA | $37,221,303 | $52,659,902 |
Farmlink Project Pacific Palisades, CA | $3,073,736 | $51,204,063 |
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |