New Philanthropists
- Assets
- $369.7k
- Revenue
- $355.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-1819025
Organization Overview
New Philanthropists is located in Austin, TX. The organization was established in 2018. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, 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 Philanthropists 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 Philanthropists generated $355.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $188.7k during the year ending 12/2022. While expenses have increased by 28.6% 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
THE NEW PHILANTHROPISTS IS A PIONEERING ORGANIZATION THAT WORKS TO CREATE MORE RACIALLY DIVERSE AND INCLUSIVE NONPROFIT BOARDS IN AUSTIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOARD MATCHING PROGRAM: THIS PROGRAM IS FOUNDED IN THE VALUES THAT SUPPORT OUR MISSION TO CREATE A MORE RACIALLY DIVERSE, EQUITABLE AND INCLUSIVE NONPROFIT BOARD SECTOR. IT PROVIDSE PLACEMENT OPPORTUNITIES FOR NONPROFIT BOARDS AND BOARD PROSPECTS THAT FOCUS ON MEANINGFUL CONNECTIONS AND FOCUSES ON AUTHENTIC RELATIONSHIP BUILDING STRATEGIES. TNP IS CAPTURING RICH DATA THROUGH THE APPLICATION PROCESS AND HAS SEEN THAT NONPROFITS THAT HAVE BEEN MATCHED BEFORE ARE RETURNING FOR MORE MATCHES, AS WELL THAT BOARD PROSPECTS OF COLOR ARE OPTING TO BE PLACED ON MORE THAN ONE NONPROFIT BOARD. IN 2022, 74% OF BOARD PROSPECT APPLICANTS WERE PLACED ON NONPROFIT BOARDS AND AT THE END OF THAT YEAR WE HAD A TOTAL OF 38 BOARD PLACEMENTS ON 30 NONPROFIT BOARDS.
OTHER PROGRAMS INCLUDE D&I PLANNING AND INTRODUCTION TO INCLUSIVE LEADERSHIP.
THE EQUITY WORKSHOP SERIES: THESE WORKSHOPS PROVIDE DIVERSITY, EQUITY & INCLUSION (DEI) TRAINING AND PROGRAMMING IN ORDER TO HELP BOARD PROSPECTS AND MEMBERS OF COLOR, AND ALLIES, NAVIGATE THROUGH NONPROFIT BOARDS. THEY INCLUDE: TAKE THE LEAD, INTRO TO INCLUSIVE LEADERSHIP, THE EQUITY CHAIR PART 1, AND THE EQUITY CHAIR PART 2. TNP HAS INCREASED ITS PROGRAMMING THROUGH THESE WORKSHOPS BY OFFERING THEM AT NONPROFIT BOARD RETREATS, PUBLICLY AND THROUGH ITS CORPORATE MEMBERSHIP PROGRAM WHICH HAS STRENGTHENED SPONSORSHIP PARTNERSHIPS INCLUSIVE OF H-E-B, INDEED, CAPMETRO, JPMORGAN CHASE AND MORE. AS OF 2022 TNP HAS HELD 27 WORKSHOPS AND HAD OVER 323 PARTICIPANTS.
FIRST LOOK ASSESSMENT PROGRAM: FIRST LOOK IS A BOARD DIVERSITY AND INCLUSION ASSESSMENT THAT HELPS AN ORGANIZATION PREPARE FOR THE TRANSFORMATIONAL PROCESS, OR CHANGE, REQUIRED TO INCREASE DIVERSITY. IT IDENTIFIES AN ORGANIZATION'S STRENGTHS AND WEAKNESSES AND THE POTENTIAL CHALLENGES THAT MIGHT ARISE WHEN IMPLEMENTING NEW PROCESSES, STRUCTURES AND POSITIONS WHEN ADJUSTING ITS CULTURE. INCLUSION ASSESSMENTS ARE A CRITICAL TOOL FOR ORGANIZATIONS PREPARING FOR THEIR JOURNEY TOWARDS DIVERSITY, EQUITY AND INCLUSION. IN 2022, WE WORKED WITH TWO NONPROFITS ON THIS PROGRAM AND BEGAN THE LAUNCH OF TWO NEW COHORTS OF NONPROFITS THROUGH A PARTNERSHIP WITH AUSTIN OUTSIDE AND JPMORGAN CHASE. IN RETURN THIS WILL CREATE A COLLECTIVE IMPACT FOR OUR MISSION IN 2023 AND A STRONG REVENUE STREAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Hernandez Treasurer | OfficerTrustee | 1 | $0 |
Cody Horton Director | Trustee | 1 | $0 |
Max Elliott Secretary | OfficerTrustee | 1 | $0 |
Ian Burk Director | Trustee | 1 | $0 |
Janice Omadeke Director | Trustee | 1 | $0 |
Pamela Benson Owens Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,972 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,669 |
| Total Program Service Revenue | $54,409 |
| 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 | -$2,919 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,159 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299 |
| Fees for services: Accounting | $19,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,211 |
| Advertising and promotion | $1,375 |
| Office expenses | $1,027 |
| Information technology | $1,665 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,023 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,020 |
| All other expenses | $890 |
| Total functional expenses | $188,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,718 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,718 |
| 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 | $369,718 |
| Total liabilities and net assets/fund balances | $369,718 |