Newton Services Foundation Inc
- Assets
- $2.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 163
- Location
- Flint, MI
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-2017165
Organization Overview
Newton Services Foundation Inc is located in Flint, MI. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Newton Services Foundation Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Services 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, Newton Services Foundation Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 8 years. 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
THE MISSION OF NEWTON SERVICES FOUNDATION IS THE PURSUIT OF THE FOLLOWING PRINCIPLES: NEWTON WANTS TO INSPIRE PRO-SOCIAL FRIENDSHIPS, STONG INTERPERSONAL SKILLS, AND INSTILL A SENSE OF HOPE IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES THAT LOWER THE BARRIERS FOR GAINFUL EMPLOYMENT OF EMPLOYEES. (IN PROGRESS WITH OUR FIRST BETA CUSTOMER)CONTRACT LABOR MODEL USING OUR NON=PROFIT ONBOARDING PROCESS.LOWERING THE ATTRITION RATE FOR CUSTOMERS AND AT THE EMPLOYEE LEVEL BY TRAINING AND TEACHING HOW TO BE A PRODUCTIVE EMPLOYEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald L Newton Director | OfficerTrustee | 40 | $349,337 |
Richard Sabo Volunteer Legal | Trustee | 1 | $0 |
Laura Sabo Director | Trustee | 40 | $141,917 |
Caitlin Barron Director | Trustee | 40 | $126,387 |
Jeanne Newton Advisory | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,021,033 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,021,033 |
| 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 | $1,698,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,060 |
| Payroll taxes | $156,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,115 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,097 |
| Office expenses | $36,469 |
| Information technology | $16,125 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,339 |
| Interest | $24,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,470 |
| Insurance | $141,498 |
| All other expenses | $453,970 |
| Total functional expenses | $3,139,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,326 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,207,855 |
| Inventories for sale or use | $151,761 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,488,822 |
| Accounts payable and accrued expenses | $247,129 |
| 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 | $247,129 |
| 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 | $2,241,693 |
| Total liabilities and net assets/fund balances | $2,488,822 |