New Family Foundation Inc
- Assets
- $276.9k
- Revenue
- $7.7k
- Investments
- $145.7k
- Employees
- 0
- Location
- Peachtree City, GA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2428982
Organization Overview
New Family Foundation Inc is located in Peachtree City, GA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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 Family 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 12/2021, New Family Foundation Inc generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $23.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO FAYETTEVILLE PREGNANCY RESOURCE CENTER IS FOR MATERNAL / CHILD HEALTH PROGRAM PROVIDING PRENATAL CARE AND ULTRASOUNDS TO WOMEN WITH UNEXPECTED PREGNANCIES.
GRANT TO HOPE REVISITED, INC. TO PROVIDE START-UP FUNDING FOR A FOSTER CARE VISITATION CENTER IN COWETA COUNTY TO REUNITE FOSTER YOUTH WITH THEIR BIOLOGICAL FAMILIES.
DONATED CASH AND TOILETRIES TO SPARKS OF KINDNESS ORGANIZATION TO DISTRIBUTE TO HOMELESS INDIVIDUALS IN THE ATLANTA AREA IN RESPONSE TO THE CONTINEUD COVID CRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R New CFO | 5 | $0 | |
Katie New CEO | 20 | $0 | |
Robin Wolf Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $6,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $882 |
| Capital Gain Net Income | $509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $1,656 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,663 |
| Contributions, gifts, grants paid | $18,715 |
| Total expenses and disbursements | $23,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,679 |
| 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 | $117,564 |
| Other assets | $0 |
| Total assets | $276,934 |
| 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 Family Foundation Inc has awarded $18,715 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fayetteville, GA PURPOSE: PRENATAL CARE / HEALTH | $15,000 |
Newnan, GA PURPOSE: FOSTER CARE VISITATION CENTER | $2,500 |
DEBBIE MCFARLAND PURPOSE: COVID19 PREVENTION FOR HOMELESS | $1,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |