New Earth Inc
- Assets
- $2.7m
- Revenue
- $563.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Hessmer, LA
- Founding
- 05/1981
- Data as of
- 06/2022
- EIN
- 72-0905719
Organization Overview
New Earth Inc is located in Hessmer, LA. The organization was established in 1981. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2022, New Earth Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Earth 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 Earth Inc generated $563.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $561.3k during the year ending 06/2022. While expenses have increased by 4.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN INTERMEDIATE CARE FACILITY FOR THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AN INTERMEDIATE CARE FACILITY (RESIDENTIAL GROUP HOME) FOR THE DEVELOPMENTALLY DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Provosty Chairman | OfficerTrustee | 1 | $21,000 |
Jeanne Buffat Secretary | Trustee | 0 | $18,500 |
Miriam Fritchie Director | Trustee | 0 | $12,000 |
Mary Adel Baus Director | Trustee | 0 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $386,278 |
| 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 | $386,278 |
| Total Program Service Revenue | $0 |
| Investment income | $46,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $60,500 |
| Compensation of current officers, directors, key employees. | $60,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,613 |
| Payroll taxes | $10,302 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $11,297 |
| Fees for services: Accounting | $8,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,704 |
| Fees for services: Other | $6,556 |
| Advertising and promotion | $0 |
| Office expenses | $1,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $20,133 |
| Insurance | $22,268 |
| All other expenses | $38,692 |
| Total functional expenses | $561,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,261 |
| Loans from Officers, Directors, or Controlling Persons | $106,605 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $464,827 |
| Investments—publicly traded securities | $1,817,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,000 |
| Total assets | $2,678,073 |
| Accounts payable and accrued expenses | $8,977 |
| 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 | $18,174 |
| Total liabilities | $27,151 |
| Net assets without donor restrictions | $2,650,922 |
| 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 | $2,678,073 |
Grants Awarded
Over the last fiscal year, New Earth Inc has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MICHAELS MISSION | | | $10,000 |
THE GOOD SAMARITAN MINISTRY | | | $7,000 |