Newman Idea
- Assets
- $29.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/2018
- Data as of
- 06/2022
- EIN
- 83-0995593
Organization Overview
Newman Idea is located in New Orleans, LA. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newman Idea 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, Newman Idea generated $73.8k 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 (7.3%) each year. All expenses for the organization totaled $76.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE NEWMAN IDEA'S VISION ARISES FROM THE LAITY WORKING ALONGSIDE RELIGIOUS AND THE HIERARCHY, REFLECTING THE MISSION OF ST. BENEDICT, THE LEARNING OF ST. DOMINIC, THE PRACTICALITY OF ST. IGNATIUS, THE SPIRIT OF ST. PHILIP NERI, AND THE INTEGRITY OF ST. JOHN HENRY NEWMAN. TNI WILL ESTABLISH IKON INSTITUTES WHICH TEACH ACADEMIC COURSES, FORM STUDENTS IN RESIDENCE WHERE POSSIBLE, AND REACH OUT TO THE WIDER CATHOLIC COMMUNITY. THE TNI PLAN IS TO LAUNCH AT LEAST 5 IKONS IN THE SOUTH AND MIDWEST WITHIN THE NEXT 5 YEARS. WITHIN THE NEXT 10 YEARS WE HOPE TO REACH AT LEAST 25,000 COLLEGE STUDENTS. EACH INSTITUTE WILL BE SELF-SUSTAINING AND COMMUNICATE THE GIFT OF INTEGRITY BY: "TEACHING INTEGRAL KNOWLEDGE THAT UNIFIES STUDENTS' FAITH WITH THEIR LEARNING THROUGH ACCREDITED COLLEGE COURSES, SYMPOSIA AND CONFERENCES;"OFFERING INTEGRAL FORMATION THROUGH ENCOURAGING SACRIFICIAL LEADERSHIP, A PROFOUND INTERIOR LIFE, AND A HABIT OF LIFE CONDUCIVE TO COMMUNITY LIVING; "BUILDING AN INTEGRAL MISSION FOR CATHOLICS THROUGH DAILY COMMUNAL PRAYER AND WORSHIP, DISCERNMENT, AND BEING FAITHFUL TO GOD'S WILL AND MISSION FOR THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Delio President | 40 | $33,611 | |
Joshua David Brumfield Vice President | 7 | $0 | |
Adam Conque Director | 0.2 | $0 | |
Elaine Ella Delio Treasurer/secretary | 0.2 | $0 | |
Salvador David Esposito Director | 0.2 | $0 | |
Matthew Paul Orillion Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,802 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,036 |
| Total Revenue | $73,838 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,561 |
| Professional fees and other payments to independent contractors | $3,500 |
| Occupancy, rent, utilities, and maintenance | $11,500 |
| Printing, publications, postage, and shipping | $283 |
| Other expenses | $22,402 |
| Total expenses | $76,246 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,755 |
| Other assets | $0 |
| Total assets | $29,755 |
| Total liabilities | $77,903 |
| Net assets or fund balances | -$48,148 |