New Ventures Inc
- Assets
- $3.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 126
- Location
- Lagrange, GA
- Founding
- 06/1972
- Data as of
- 06/2022
- EIN
- 58-1124234
Organization Overview
New Ventures Inc is located in Lagrange, GA. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, New Ventures Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Ventures 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 Ventures Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 4.1% 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
FOUNDED IN 1971, NEW VENTURES, INC. HAS BEEN SERVING TROUP COUNTY FOR 50 YEARS INITIALLY SERVING AS A SHELTERED WORKSHOP FOR THE WEST GEORGIA AREA, WE PROVIDED WORK PROGRAMS AND LEISURE ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. IN RESPONSE TO COMMUNITY NEEDS, OUR PROGRAMS EXPANDED TO INCLUDE WORK EVALUATION, WORK ADJUSTMENT, SHELTERED EMPLOYMENT, AND JOB PLACEMENT. MANY YEARS LATER, THE JOB TRAINING PROGRAM EXPANDED AGAIN TO SERVE INDIVIDUALS WITH OTHER BARRIERS TO EMPLOYMENT. OTHER BARRIERS TO EMPLOYMENT MAY INCLUDE, BUT ARE NOT LIMITED TO, HOMELESSNESS, LACK OF EDUCATION, LACK OF WORK EXPERIENCE, LACK OF TRANSPORTATION, CRIMINAL HISTORY, ETC. THE EXPANSION IN SERVICES LED TO THE ESTABLISHMENT OF OUR MISSION, NEW VENTURES, INC. IS A TRAINING COMPANY THAT TEACHES NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS WHO NEED LONG TERM SUPPORT WHETHER WORKING IN-HOUSE OR OFF-SITE IN A SUPERVISED TEMPORARY COMMERCIAL PLACEMENT LOCATION.
TO PROVIDE ASSISTANCE TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT, BY RELYING ON INDUSTRIAL BUSINESSES IN THE LAGRANGE-TROUP COUNTY AREA TO OBTAIN OUTSOURCING THAT IS USED AS PRE-EMPLOYMENT TRAINING.
WE PROVIDE A NUTURING ENVIRONMENT FOR WOMEN AND CHILDREN SEEKING RECOVERY- SUPPORT SERVICES FOR TRAUMA, MENTAL ILLNESS, OR SUBSTANCE ABUSE. COMBINING INDIVIDUALIZED CARE AND A COMPASSIONATE, TRAUMA-RESPONSIVE COMMUNITY, THE CALUMET CENTER FOR HEALING AND ATTACHMENT ADVOCATES FOR HOPE, NEW POSSIBILITIES, AND THE ENDURING SPIRIT OF FAITH AND FAMILY. NUMBER SERVED IN 2021/2022 - 9
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wilson Executive Di | Officer | 40 | $88,242 |
David Kegel Vice-Chairma | OfficerTrustee | 2 | $0 |
Mike Angstadt Director | OfficerTrustee | 2 | $0 |
J M Rawlinson Chairman | OfficerTrustee | 2 | $0 |
Jane Hollis Director | OfficerTrustee | 2 | $0 |
Kim Bartley Dunn Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $875,268 |
| Government grants | $962 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,507 |
| Noncash contributions included in lines 1a–1f | $50,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,737 |
| Total Program Service Revenue | $2,801,449 |
| Investment income | $312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,748 |
| Net Gain/Loss on Asset Sales | $395,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,611,445 |
| 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 | $1,744,593 |
| Pension plan accruals and contributions | $8,862 |
| Other employee benefits | $86,176 |
| Payroll taxes | $149,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,436 |
| Fees for services: Accounting | $20,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,695 |
| Advertising and promotion | $11,518 |
| Office expenses | $20,862 |
| Information technology | $5,981 |
| Royalties | $0 |
| Occupancy | $109,295 |
| Travel | $16,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,971 |
| Insurance | $69,656 |
| All other expenses | $230,460 |
| Total functional expenses | $3,732,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,975 |
| Savings and temporary cash investments | $222,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,928 |
| Prepaid expenses and deferred charges | $11,352 |
| Net Land, buildings, and equipment | $1,781,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $666,598 |
| Total assets | $3,943,756 |
| Accounts payable and accrued expenses | $222,911 |
| 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 | $150,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,671 |
| Net assets without donor restrictions | $3,567,609 |
| Net assets with donor restrictions | $2,476 |
| 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 | $3,943,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Ventures Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Charter Foundation Inc West Point, GA PURPOSE: GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobby Dodd Institute Inc Atlanta, GA | $15,439,617 | $18,957,191 |
Abilities Inc Of Florida Clearwater, FL | $8,593,004 | $12,363,414 |
Eastern Carolina Vocational Center Inc Greenville, NC | $26,970,682 | $10,804,799 |
Park Center Nashville, TN | $31,811,535 | $21,739,362 |
Wiregrass Rehabilitation Center Inc Dothan, AL | $13,393,058 | $8,461,901 |
Johnston County Industries Inc Selma, NC | $6,782,486 | $8,118,141 |
The Arc Nature Coast Inc Spring Hill, FL | $8,156,274 | $6,536,043 |
Palm Beach Habilitation Center Inc Palm Springs, FL | $6,844,061 | $5,263,189 |
Durham Exchange Club Industries Inc Durham, NC | $24,396,757 | $5,688,631 |
Easter Seals West Georgia Inc Columbus, GA | $14,019,285 | $4,649,150 |
Nobis Works Inc Marietta, GA | $8,145,153 | $3,990,090 |
Star Center Inc Jackson, TN | $4,181,511 | $5,427,165 |