New Voices Foundation is located in Amityville, NY. The organization was established in 2018. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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 Voices Foundation 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 06/2022, New Voices Foundation generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New Voices Foundation has awarded 143 individual grants totaling $1,502,950. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EMERGING WOMEN OF COLOR ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FUNDING PROGRAM: NEW VOICES FOUNDATION IS DELIVERING ON ITS PROMISE TO HELP WOMEN OF COLOR BUSINESS OWNERS BUILD, GROW AND SCALE THEIR BUSINESSES AND CREATE A MORE INCLUSIVE ENTREPRENEURIAL ECOSYSTEM.WE PROVIDE THEM WITH UNPRECEDENTED ACCESS, CAPITAL, AND EXPERTISE VIA PITCH COMPETITIONS; MOBILE ACCELERATORS; COACHING AND MENTORSHIP FOR PITCH WINNERS AND OTHERS IN THE NEW VOICES COMMUNITY; ONLINE LEARNING AND SKILLS DEVELOPMENT OPPORTUNITIES; AND ONGOING COMMUNICATIONS OUTREACH VIA SOCIAL MEDIA, NEWSLETTERS AND OTHER CHANNELS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richeliu W Dennis Jr President | OfficerTrustee | 1 | $0 |
Martha Dennis Secretary | OfficerTrustee | 1 | $0 |
Richelyna Hall Treasurer | OfficerTrustee | 1 | $0 |
Mary Dennis Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Shift3 Technologies Website Development | 6/29/22 | $120,000 |
Stratcom Llc Consulting | 6/29/22 | $123,750 |
Nextstepallspring Consulting | 6/29/22 | $114,667 |
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 | $6,141,981 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,141,981 |
Total Program Service Revenue | $5,900 |
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 | $6,147,881 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $560,450 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,269 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $620,644 |
Advertising and promotion | $47,283 |
Office expenses | $29,332 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $6,412 |
All other expenses | $125 |
Total functional expenses | $1,276,127 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $484,073 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $560,000 |
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 | $2,974,468 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $21,017,333 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $25,035,874 |
Accounts payable and accrued expenses | $37,006 |
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 | $37,006 |
Net assets without donor restrictions | $24,998,868 |
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 | $0 |
Total liabilities and net assets/fund balances | $25,035,874 |
Over the last fiscal year, New Voices Foundation has awarded $455,450 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
AGUA BONITA PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $25,000 |
BABYPALOOZA PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $7,500 |
CHILON INDUSTRIES PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $10,000 |
EMBLEM OLIVE OIL PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $20,000 |
KAEESS NAIL POLISH PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $27,950 |
MOODEAUX PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION. | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Center For Effective Philanthropy Inc Cambridge, MA | $22,242,124 | $13,668,584 |
Flatbush Community Fund Inc Cedarhurst, NY | $922,014 | $3,559,858 |
Worldwide Initiatives For Grantmaker Support Inc New York, NY | $3,016,260 | $2,087,417 |
Allied Community Services Inc Enfield, CT | $1,613,743 | $1,317,373 |
New Voices Foundation Amityville, NY | $25,035,874 | $6,147,881 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $1,300,212 | $760,578 |
Partners For Public Good New York, NY | $0 | $281,198 |
Capital City Education Foundation Inc Glastonbury, CT | $2,261,544 | $347,995 |
Hyde Management Company Inc Glens Falls, NY | $0 | $0 |
Federalismo Y Libertad Union City, NJ | $0 | $0 |