New Life Foundation
- Assets
- $1.5m
- Revenue
- $854.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Burns, TN
- Founding
- 12/1983
- Data as of
- 06/2021
- EIN
- 62-1151489
Organization Overview
New Life Foundation is located in Burns, TN. The organization was established in 1983. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Foundation 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 06/2021, New Life Foundation generated $854.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $100.4k during the year ending 06/2021. 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
THE PURPOSE OF NEW LIFE FOUNDATION IS TO PROVIDE ALCOHOLISM TREATMENT FACILITIES THAT ARE DEDICATED TO TWO GOALS, PROVIDING ADDITIONAL BEDS FOR TREATMENT OF ALCOHOLICS AND PROVIDING TREATMENT AT A REASONABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL-TIME STAFF MEMBER DIRECTS AND MAINTAINS A TREAMENT FACILITY FOR OUT- PATIENT TREATMENT, A.A., AL-ANON, AND ALATEEN. APPROX. 150 MEETINGS/MONTH, AND APPROXIMATELY 2500 PARTICIPANTS A MONTH.
1 FULL-TIME STAFF MEMBERS DIRECTS AND MAINTAINS AN ALCOHOL & DRUG SOBER LIVING FACILITY WITH AN AVERAGE OF 4 RESIDENTS A MONTH. PARTICIPANTS PAY FEES.
COUNSELOR CONDUCTS WEEKLY GROUP MEETINGS ON AN AVERAGE OF 10 HRS/WK AND ASSISTS CHURCHES, COURTS, AND TREATMENT CENTERS WITH AFTERCARE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Foy Gilliland CEO | OfficerTrustee | 30 | $0 |
James Booth Treasurer/se | Officer | 2 | $0 |
Christopher P Kelly Chairman | Officer | 2 | $0 |
Debra Marnhout Vice Chairma | Officer | 6 | $0 |
Lewis G Burnett Jr Director | Trustee | 2 | $0 |
Wilton W Burnett Jr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $49,132 |
| Investment income | $36,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $768,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $854,604 |
| 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 | $27,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,820 |
| Advertising and promotion | $0 |
| Office expenses | $3,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,906 |
| Travel | $4,814 |
| 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 | $15,801 |
| Insurance | $13,091 |
| All other expenses | $0 |
| Total functional expenses | $100,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,325 |
| Savings and temporary cash investments | $230,594 |
| 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 | $424,034 |
| Investments—publicly traded securities | $20,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,467 |
| Total assets | $1,510,307 |
| Accounts payable and accrued expenses | $600 |
| 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 | $600 |
| Net assets without donor restrictions | $1,509,707 |
| 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 | $1,510,307 |
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