New Opportunities Foundation Inc
- Assets
- $6.9m
- Revenue
- $593.1k
- Investments
- $6.7m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 82-0577111
Organization Overview
New Opportunities Foundation Inc is located in Phoenix, AZ. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Opportunities 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 12/2022, New Opportunities Foundation Inc generated $593.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $421.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New Opportunities Foundation Inc has awarded 33 individual grants totaling $787,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Skipper President | 0 | $0 | |
Laurie Skipper Secretary/treasurer | 0 | $0 | |
Peter Skipper Director | 0 | $0 | |
Katherine Skipper Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $402,000 |
| Interest on Savings | $538 |
| Dividends & Interest | $144,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,289 |
| Capital Gain Net Income | $46,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $243 |
| Total Revenue | $593,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $46,298 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $421,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,932 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,921,831 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Opportunities Foundation Inc has awarded $375,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COOPERATIVE FOR EDUCATION PURPOSE: EDUCATION | $35,000 |
EQUALIZE HEALTH PURPOSE: AFFORDABLE MEDICAL EQUIPMENT | $30,000 |
CAMP FIRE INLAND NW PURPOSE: YOUTH DEVELOPMENT | $60,000 |
NATIONAL IMMIGRANT JUSTICE CENTER PURPOSE: ASSIST IMMIGRANTS SEEKING ASYLUM. | $20,000 |
HABITAT FOR HUMANITY PURPOSE: COMMUNITY DEVELOPMENT | $40,000 |
NEW INCENTIVES PURPOSE: CASH PAYMENTS FOR CHILDHOOD VACCINATIONS | $50,000 |