New Story Inc
- Assets
- $15.9m
- Revenue
- $12.6m
- Investments
- $342.0k
- Employees
- 43
- Location
- Atlanta, GA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2529408
Organization Overview
New Story Inc is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, New Story Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Story 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 12/2021, New Story Inc generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 41.9% per year over the past 7 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.
Since 2015, New Story Inc has awarded 25 individual grants totaling $11,989,095. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW STORY BUILDS HOMES FOR PEOPLE LIVING IN SURVIVAL MODE AROUND THE WORLD, IMPROVING SAFETY, HEALTH, INCOME, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW STORY, INC. PARTNERS WITH VETTED U.S.-BASED NONPROFIT MINISTRY AND CONSTRUCTION ORGANIZATIONS ("HOUSING PARTNERS") WHO PROVIDE SERVICES IN DEVELOPING COUNTRIES TO BUILD HOMES FOR PEOPLE WHO CANNOT AFFORD THEM. NEW STORY'S HOUSING PARTNERS ARE RESPONSIBLE FOR IDENTIFYING PEOPLE IN NEED OF HOUSING, SENDING NEW STORY INFORMATION ABOUT THOSE INDIVIDUALS AND FAMILIES, AND FACILITATING CONSTRUCTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Hagler Chairman And Secretary | OfficerTrustee | 40 | $175,816 |
Matthew Marshall Head Of Product | OfficerTrustee | 40 | $155,547 |
Morgan Lopez Cto | OfficerTrustee | 40 | $147,054 |
Sarah Lee Chief Growth Officer | OfficerTrustee | 40 | $147,007 |
Timothy Whitacre Engineer Manager | 40 | $132,522 | |
Joanne Ng Operations | 40 | $113,786 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Army Of Bees Digital Design And Development Agency | 12/30/19 | $129,400 |
Paula Leduc Fine Catering And Event Caterer For Sf Gala | 12/30/19 | $118,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,626,132 |
| Related organizations | $0 |
| Government grants | $378,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,209,453 |
| Noncash contributions included in lines 1a–1f | $440,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,214,385 |
| Total Program Service Revenue | $11,588 |
| Investment income | $1,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,596 |
| Net Income from Fundraising Events | -$673,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,611,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,457,486 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,971,723 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $667,258 |
| Compensation of current officers, directors, key employees. | $239,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,838,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,648 |
| Payroll taxes | $201,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,291 |
| Fees for services: Accounting | $107,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,126,449 |
| Advertising and promotion | $65,172 |
| Office expenses | $191,404 |
| Information technology | $183,065 |
| Royalties | $0 |
| Occupancy | $290,713 |
| Travel | $408,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,404 |
| Interest | $6,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,751 |
| Insurance | $0 |
| All other expenses | $41,840 |
| Total functional expenses | $10,710,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,695,497 |
| Savings and temporary cash investments | $1,024,093 |
| Pledges and grants receivable | $8,346,943 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $40,386 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,511 |
| Net Land, buildings, and equipment | $54,063 |
| Investments—publicly traded securities | $65,976 |
| Investments—other securities | $342,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,211 |
| Total assets | $15,933,700 |
| Accounts payable and accrued expenses | $320,107 |
| 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 | $2,690,878 |
| Other liabilities | $0 |
| Total liabilities | $3,010,985 |
| Net assets without donor restrictions | $4,575,772 |
| Net assets with donor restrictions | $8,346,943 |
| 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 | $15,933,700 |
Grants Awarded
Over the last fiscal year, New Story Inc has awarded $1,457,486 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Macon, GA PURPOSE: TO CONSTRUCT NEW HOMES RELATED TO THE ORGANIZATION'S PROGRAM | $912,305 |
Gardner, MA PURPOSE: TO CONSTRUCT NEW HOMES RELATED TO THE ORGANIZATION'S PROGRAM | $545,181 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that New Story Inc has recieved totaling $1,765,472.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $682,950 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $160,600 |
William E Seale Family Foundation Annapolis, MD PURPOSE: SUPPORT 501(C)(3) ORGANIZATION. | $150,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $100,000 |
Ed Foundation Johnson City, TX PURPOSE: GENERAL SUPPORT | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $63,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |