New Story Inc
- Assets
- $12.3m
- Revenue
- $6.1m
- Investments
- $130.6k
- Employees
- 37
- Location
- Atlanta, GA
- Founding
- 06/2015
- Data as of
- 12/2023
- 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 12/2023, New Story Inc employed 37 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 12/2023, New Story Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $7.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Story Inc has awarded 27 individual grants totaling $15,367,601. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW STORY, INC. IS A NONPROFIT BUILDING A MORE INCLUSIVE HOUSING MARKET FOR VULNERABLE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW STORY, INC. PARTNERS WITH VETTED NONPROFIT ORGANIZATIONS, FINANCIAL INSTITUTIONS, AND HOUSING DEVELOPERS ("HOUSING PARTNERS") WHO PROVIDE SERVICES IN DEVELOPING COUNTRIES TO PROVIDE HOUSING SOLUTIONS FOR LOW INCOME FAMILIES. NEW STORY'S HOUSING PARTNERS ARE RESPONSIBLE FOR IDENTIFYING PEOPLE IN NEED OF HOUSING, SENDING NEW STORY INFORMATION ABOUT THOSE INDIVIDUALS AND FAMILIES, AND DELIVERING HOUSING SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Hagler Chief Executive Officer | OfficerTrustee | 40 | $288,970 |
Cj Fitzgerald Chairman | Trustee | 2 | $0 |
Steve Ayoub Director | Trustee | 2 | $0 |
George Huber Director | Trustee | 2 | $0 |
Robert Hohman Director | Trustee | 2 | $0 |
Pete Flint Director | Trustee | 2 | $0 |
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 | $167,755 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,686,828 |
| Noncash contributions included in lines 1a–1f | $506,168 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,854,583 |
| Total Program Service Revenue | $792 |
| Investment income | $27,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $994,027 |
| Net Income from Fundraising Events | -$15,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,078,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,082,292 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $531,399 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,026,771 |
| Compensation of current officers, directors, key employees. | $71,874 |
| Compensation to disqualified persons | $2,940,152 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $221,660 |
| Payroll taxes | $318,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,175 |
| Fees for services: Accounting | $173,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,349 |
| Advertising and promotion | $0 |
| Office expenses | $120,676 |
| Information technology | $152,339 |
| Royalties | $0 |
| Occupancy | $250,746 |
| Travel | $269,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,469 |
| Interest | $37,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,685 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,851,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,277,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,163,179 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $738,731 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,471 |
| Net Land, buildings, and equipment | $316,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $130,607 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $583,044 |
| Total assets | $12,304,156 |
| Accounts payable and accrued expenses | $279,816 |
| 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 | $3,250,000 |
| Other liabilities | $625,419 |
| Total liabilities | $4,155,235 |
| Net assets without donor restrictions | $839,979 |
| Net assets with donor restrictions | $7,308,942 |
| 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 | $12,304,156 |
Grants Awarded
Over the last fiscal year, New Story Inc has awarded $3,378,506 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION OF HOPE PURPOSE: TO CONSTRUCT NEW HOMES RELATED TO THE ORGANIZATION'S PROGRAM | $412,598 |
THE FULLER CENTER PURPOSE: TO CONSTRUCT NEW HOMES RELATED TO THE ORGANIZATION'S PROGRAM | $2,965,908 |