New Opportunity School For Women Inc
- Assets
- $1.5m
- Revenue
- $454.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Berea, KY
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 61-1323868
Organization Overview
New Opportunity School For Women Inc is located in Berea, KY. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, New Opportunity School For Women Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Opportunity School For Women 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 Opportunity School For Women Inc generated $454.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $582.4k during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL AND ONLINE PROGRAMS PROVIDE TOOLS AND SUPPORT FOR APPALACHIAN WOMEN TO BUILD STABLE AND FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE NEW OPPORTUNITY SCHOOL FOR WOMEN AIMED TO FURTHER DEVELOP THE PARTNERSHIPS WE'D MADE AND GROW OUR PROGRAMING THROUGH THIS FOUNDATIONAL NETWORK. IN RETROSPECT, WE WERE SUCCESSFUL IN BOTH OF THESE GOALS. WE CONDUCTED SEVERAL INFORMATIONAL SELF-ESTEEM WORKSHOPS FOR LOCAL AND REGIONAL DOMESTIC VIOLENCE CENTERS INCLUDING HOPE'S WINGS IN RICHMOND AND DOVES IN MOREHEAD. WE RECOGNIZE THE IMPORTANCE OF SERVING WOMEN IN CRISIS AND PLANTING THE SEEDS OF THE BENEFITS OF SELF-CARE WORK THAT WILL, HOPEFULLY, BLOOM FOR THEM ONE DAY. AT THE VERY LEAST, WE ARE OFFERING IMPACTFUL PROGRAMS FOR THE ORGANIZATIONS SERVING WOMEN AND INFORMING THEM OF HOW NOSW PROGRAMS CAN BE A PART OF THEIR CONTINUUM OF CARE. OUR PARTNER SITES ARE APPRECIATIVE OF WHAT WE BRING AND ALWAYS ASK US TO RETURN. OUR OTHER WORKSHOP PROGRAM IS OUR MONTHLY GRADUATE GROUP MEETINGS WHICH MEET EVERY 3RD THURSDAY ON ZOOM FOR MEANINGFUL CONTENT AND NETWORKING. THESE SESSIONS GREW IN ATTENDANCE IN 2023, PARTICULARLY AFTER OUR RESIDENTIAL PROGRAM GRADUATES BEGAN TO JOIN MORE OFTEN.IN ADDITION TO THE DELIVERY OF THE WORKSHOPS, 2023 IS THE FIRST YEAR SINCE THE PANDEMIC THAT WE ACTUALLY HAVE ADDED MORE PROGRAMS TO OUR SCHEDULE THAN WE ORIGINALLY PLANNED FOR. OUR 3-DAY PROGRAM HAS BEEN GAINING MOMENTUM. OUR APPLICATIONS TO ATTEND THESE PROGRAMS GREW BY 50% AND WE RECOGNIZED THAT WE NEEDED TO ADD AN ADDITIONAL 3-DAY SESSION TO ACCOMMODATE ALL THE APPLICANTS. THESE PROGRAMS PROVIDE WONDERFUL INSIGHTS AND TOOLS FOR SELF-ESTEEM, WELLNESS, AND MOTIVATION WHICH PARTICIPANTS WALK AWAY FROM THE PROGRAM MORE ENLIGHTENED VERSIONS OF THEMSELVES. FINALLY, OUR BIGGEST PROGRAM, THE TWO-WEEK RESIDENTIAL PROGRAM HAS ALSO GAINED NOTORIETY AND IN THE SUMMER OF 2023 OUR ATTENDANCE GREW TO PRE-PANDEMIC LEVELS ONCE AGAIN. WE GRADUATED 16 LADIES FROM THE TWO SESSIONS WE HELD IN 2023, WHICH WAS AN ALMOST 50% INCREASE FROM 2022. THESE NUMBERS ARE MOVING IN THE RIGHT DIRECTION FOR US AND WE ANTICIPATE THAT 2024 WILL BE EVEN STRONGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Absher Director | Trustee | 1 | $0 |
Sam Cole Secretary | OfficerTrustee | 1 | $0 |
Leslie Combs Treasurer | OfficerTrustee | 1 | $0 |
Tina Godby Director | Trustee | 1 | $0 |
Karen Hurley Director | Trustee | 1 | $0 |
Bridget Mccormack-Finley President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,459 |
| Noncash contributions included in lines 1a–1f | $43,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,367 |
| Total Program Service Revenue | $0 |
| Investment income | $65,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,139 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,514 |
| Compensation of current officers, directors, key employees. | $5,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,357 |
| Pension plan accruals and contributions | $6,192 |
| Other employee benefits | $26,286 |
| Payroll taxes | $19,477 |
| 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 | $20,918 |
| Advertising and promotion | $0 |
| Office expenses | $21,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,278 |
| 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 | $13,456 |
| Insurance | $9,419 |
| All other expenses | $25,057 |
| Total functional expenses | $582,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,908 |
| 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 | $6,884 |
| Net Land, buildings, and equipment | $30,191 |
| Investments—publicly traded securities | $1,259,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,446 |
| Total assets | $1,533,947 |
| Accounts payable and accrued expenses | $42,887 |
| 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 | $2,446 |
| Total liabilities | $45,333 |
| Net assets without donor restrictions | $1,388,614 |
| Net assets with donor restrictions | $100,000 |
| 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 | $1,533,947 |