New Friends New Life
- Assets
- $2.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Dallas, TX
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 75-2820473
Organization Overview
New Friends New Life is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (I70) the organization is classified as: Protection Against Abuse, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, New Friends New Life employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Friends New Life 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 12/2022, New Friends New Life generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW FRIENDS NEW LIFE(NFNL) RESTORES AND EMPOWERS FORMERLY TRAFFICKED TEENS AND SEXUALLY EXPLOITED WOMEN AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR DETAIL EXPLANATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bianca Davis Executive Director | Officer | 40 | $177,068 |
Jessica Brazeal Program Officer | 40 | $110,896 | |
Robin Bagwell Board Member | Trustee | 5 | $0 |
Wendy Messmann Board Member | Trustee | 5 | $0 |
Erin Nealy Cox Board Member | Trustee | 5 | $0 |
Dr Millicent Knight Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $814,866 |
| Related organizations | $0 |
| Government grants | $318,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,656,500 |
| Noncash contributions included in lines 1a–1f | $205,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,790,191 |
| Total Program Service Revenue | $0 |
| Investment income | $20,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,116 |
| Net Income from Fundraising Events | -$103,797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,701,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $186,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,963 |
| Compensation of current officers, directors, key employees. | $26,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,339,458 |
| Pension plan accruals and contributions | $5,411 |
| Other employee benefits | $127,324 |
| Payroll taxes | $116,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,081 |
| Fees for services: Accounting | $26,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $959 |
| Fees for services: Other | $276 |
| Advertising and promotion | $0 |
| Office expenses | $66,164 |
| Information technology | $37,415 |
| Royalties | $0 |
| Occupancy | $251,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,832 |
| Insurance | $12,281 |
| All other expenses | $9,026 |
| Total functional expenses | $2,810,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,205,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $261,473 |
| 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 | $56,527 |
| Net Land, buildings, and equipment | $42,036 |
| Investments—publicly traded securities | $808,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,057 |
| Total assets | $2,380,807 |
| Accounts payable and accrued expenses | $21,057 |
| 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 | $21,057 |
| Net assets without donor restrictions | $1,837,323 |
| Net assets with donor restrictions | $522,427 |
| 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 | $2,380,807 |