New Day Foundation Inc
- Assets
- $4.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 73-1486736
Organization Overview
New Day Foundation Inc is located in Tulsa, OK. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, New Day Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Day Foundation 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 Day Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 33.2% per year over the past 6 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
ADVANCE THE KINGDOM OF GOD BY HELPING MINISTRIES REACH THEIR FULL POTENTIAL AND MAKE THEIR VISION A REALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED VICTORY LATIN AMERICAN OUTREACH IN MEXICO WITH FUNDS DESIGNATED FOR 2 CHILDREN'S HOMES THAT PROVIDE FOOD, CLOTHING, HEALTH CARE AND TRANSPORTATAION. THERE ARE A TOTAL OF 26 CHILDREN SUPPORTED.SUPPORTED CITY OF HOPE AND GLOBAL CHARITIES FOR A MISSION BASE BEING BUILT AND DEVELOPED IN THE DOMINICAN REPUBLIC. THE BASE WILL INCLUDE A BIBLE COLLEGE, STUDENT HOUSING, CHILDREN'S HOME AND OUTREACH CENTER.OTHER FUNDS DESIGNATED FOR SUPPORT OF STAFF OF THE MINISRY PROVIDING SERVICES FOR A STUDENT DISCIPLESHIP PROGRAM THAT HAS 2000 - 3000 YOUNG PEOPLE MEETING EACH MONTH IN SMALL GROUPS TO RECEIVE LEADERSHIP AND LIFE SKILLS TRAINING. WE HELP SPONSOR SPECIAL LEADERSHIP CAMPS HELD ONCE EVERY 4 MONTHS. THERE WERE 140, 378, AND 220 PEOPLE WHO ATTENDED THE CAMPS, RESPECTIVELY.WE HELPED SUPPORT WINGS OF EAGLS INTERNATIONAL WITH EDUCATIONAL MINISTRY IN MEXICO WHERE THEY ARE HELPING CHURCHES START STATE ACCREDITED ELEMENTARY AND SECONDARY SCHOOLS. THEY HAVE HELPED START OVER 40 SCHOOLS IN SEVERAL DIFFERENT COMMUNITIES ACROSS MEXICO WITH SEVERAL HUNDRED STUDENTS ENROLLED. THEY PROVIDE CURRICULUM, TEACHER TRAINING, AND ADMINISTRATIVE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Feeley President | OfficerTrustee | 5 | $0 |
Chris Feeley Vice President | OfficerTrustee | 2 | $0 |
James Feeley Secretary | OfficerTrustee | 1 | $0 |
Bruce Edwards Treasurer | OfficerTrustee | 40 | $72,000 |
Tanner Jarrell Director | Trustee | 40 | $64,600 |
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 | $775,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,146 |
| Total Program Service Revenue | $0 |
| Investment income | $164,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,033,005 |
| 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 | $657,726 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,600 |
| Compensation of current officers, directors, key employees. | $13,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,552 |
| Office expenses | $1,246 |
| Information technology | $167 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,769 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,376,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,935 |
| Savings and temporary cash investments | $240,464 |
| 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 | $509 |
| Investments—publicly traded securities | $4,465,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,797,199 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $4,797,199 |
| Total liabilities and net assets/fund balances | $4,797,199 |