New Life Technology Group Inc
- Assets
- $75.3k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Alpharetta, GA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 47-4442356
Organization Overview
New Life Technology Group Inc is located in Alpharetta, GA. The organization was established in 2017. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, New Life Technology Group Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Technology Group 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 Life Technology Group Inc generated $200.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $194.5k during the year ending 12/2021. While expenses have increased by 55.0% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELIMINATE E-WASTE & DONATE COMPUTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATE COMPUTERS TO KIDS IN NEED OF TECHNOLOGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Conley Exec Director | Officer | 40 | $0 |
B Conley Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,700 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $198,253 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,955 |
| 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. | $21,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,068 |
| Fees for services: Management | $2,778 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,001 |
| Office expenses | $2,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,334 |
| 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 | $4,053 |
| Insurance | $0 |
| All other expenses | $8,101 |
| Total functional expenses | $194,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,187 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,079 |
| Total assets | $75,266 |
| Accounts payable and accrued expenses | $109 |
| 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 | $109 |
| Net assets without donor restrictions | $75,157 |
| 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 | $75,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Life Technology Group Inc has recieved totaling $32,106.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,053 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,053 |
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|---|---|---|
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The Early Learning Coalition Of Flagler And Volusia Counties Inc Daytona Beach, FL | $3,038,182 | $37,891,107 |
Dumac Inc Durham, NC | $16,829,525 | $22,034,082 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
Early Learning Coalition Of The Nature Coast Inc Crystal River, FL | $1,875,825 | $17,254,934 |
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Florida Lambdarail Llc Tallahassee, FL | $13,348,492 | $7,717,742 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |