New Foundations Home For Children Inc
- Assets
- $4.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 173
- Location
- Anderson, SC
- Founding
- 10/1977
- Data as of
- 06/2022
- EIN
- 57-0634724
Organization Overview
New Foundations Home For Children Inc is located in Anderson, SC. The organization was established in 1977. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, New Foundations Home For Children Inc employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Foundations Home For Children 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 Foundations Home For Children Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW FOUNDATIONS IS A PRIVATE NONPROFIT TREATMENT AGENCY SPECIALIZING IN CARING FOR EMOTIONALLY TROUBLED CHILDREN, ADOLESCENTS AND FAMILIES. IT PROVIDES AN ARRAY OF PROGRAMS TO MEET THESE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP CARE INSTENSIVE SERVICES OF THE PAST SURVEYS ATTEMPTED AND DISTRIBUTED; 72% OF THOSE SURVEYED WERE IN A LESS RESTRICTED ENVIRONMENT; 93% HAD NO CRIMINAL CONDUCT SINCE DISCHARGE AND 99% WERE IN SCHOOL, WORKING OR IN VOCATIONAL TRAINING.
THERAPEUTIC FOSTER CARE SERVCIES INCLUDE MEDICALLY FRAGILE, SPECIAL NEEDS, BEHAVIORAL/EMOTIONAL HEALTH ISSUES, TREATMENT COORDINATOR, INTENSIVE SUPPORT AND IN-HOME SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maranda Hunnicutt Secretary | OfficerTrustee | 2 | $0 |
Charles Thornton Jr Treasurer | OfficerTrustee | 2 | $0 |
Cory O Williams Sr Vice Preside | OfficerTrustee | 2 | $0 |
Diann Stathakis President | OfficerTrustee | 2 | $0 |
Bob Opperman Past Preside | OfficerTrustee | 2 | $0 |
Collin Bryant Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $717,635 |
| 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 | $717,635 |
| Total Program Service Revenue | $4,687,175 |
| Investment income | $936 |
| 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 | $5,446,936 |
| 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. | $102,003 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,717,008 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $57,011 |
| Advertising and promotion | $0 |
| Office expenses | $91,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,475 |
| Travel | $43,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,878 |
| Interest | $42,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,682 |
| Insurance | $56,242 |
| All other expenses | $157,912 |
| Total functional expenses | $5,087,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,682 |
| Savings and temporary cash investments | $1,125,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $517,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,410 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,150 |
| Net Land, buildings, and equipment | $1,678,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,122,937 |
| Accounts payable and accrued expenses | $373,997 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $30,194 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $966,066 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,295 |
| Total liabilities | $1,397,552 |
| Net assets without donor restrictions | $2,650,526 |
| Net assets with donor restrictions | $74,859 |
| 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 | $4,122,937 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Foundations Home For Children Inc has recieved totaling $81,131.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO CONTINUE SUPPORTING THE IMPLEMENTATION OF ARC REFLECTIONS, AN EVIDENCE-INFORMED FOSTER PARENT TRAINING PROGRAM. | $81,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |
Connie Maxwell Childrens Home Greenwood, SC | $133,286,632 | $13,776,005 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
United Cerebral Palsy Of South Carolina Inc Atlanta, GA | $9,682,843 | $13,275,605 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |
Carobell Inc Hubert, NC | $3,615,443 | $7,779,655 |
New Foundations Home For Children Inc Anderson, SC | $4,122,937 | $5,446,936 |
Falcon Childrens Home Of The Pentecostal Holiness Church Inc Falcon, NC | $12,947,149 | $4,683,744 |
Bethesda Union Society Of Savannah Savannah, GA | $30,196,010 | $4,802,985 |