Newborn Hope Incorporated
- Assets
- $450.8k
- Revenue
- $147.9k
- Investments
- $42.3k
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 84-1093905
Organization Overview
Newborn Hope Incorporated is located in Colorado Springs, CO. The organization was established in 1989. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Newborn Hope Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newborn Hope Incorporated 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 12/2023, Newborn Hope Incorporated generated $147.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $157.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newborn Hope Incorporated has awarded 48 individual grants totaling $338,198. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEWBORN HOPE PROVIDES RESOURCES FOR COLORADO BABIES AND FAMILIES IMPACTED BY PREMATURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS - FUNDS ARE PROVIDED FOR MEDICAL PERSONNEL CARING FOR PREMATURE AND CRITICALLY ILL BABIES & FOR RESEARCH INTO THE EFFECTS OF ALTITUDE ON NEWBORNS.
EDUCATION EVENTS - EDUCATING ATTENDEES REGARDING THE IMPACT OF PREMATURE BIRTHS ON BABIES AND FAMILIES. THESE EVENTS WERE HELD IN COLORADO SPRINGS AND PUEBLO.
NICU CONSORTIUM PARTNERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Grubaugh President | OfficerTrustee | 1 | $0 |
Jeannie Behr VP Of Financ | OfficerTrustee | 11 | $0 |
Yvonne Conrad VP Of Granti | OfficerTrustee | 5 | $0 |
Sharon Enoch Ex. Advisor | OfficerTrustee | 1 | $0 |
Carey Stark VP Of Govern | OfficerTrustee | 2 | $0 |
Valerie Beascochea Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,431 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,219 |
| Total Program Service Revenue | $27,379 |
| Investment income | $7,255 |
| 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 | $147,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,014 |
| Grants and other assistance to domestic individuals. | $35,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,333 |
| Compensation of current officers, directors, key employees. | $11,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,340 |
| Fees for services: Other | $3,059 |
| Advertising and promotion | $0 |
| Office expenses | $363 |
| Information technology | $2,355 |
| 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 | $2,761 |
| All other expenses | $210 |
| Total functional expenses | $157,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,527 |
| Savings and temporary cash investments | $21,785 |
| 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 | $250,270 |
| Investments—other securities | $42,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,835 |
| Accounts payable and accrued expenses | $1,700 |
| 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 | $1,700 |
| Net assets without donor restrictions | $449,135 |
| 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 | $450,835 |
Grants Awarded
Over the last fiscal year, Newborn Hope Incorporated has awarded $25,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PENROSE ST FRANCIS HEALTH FDC1000 PURPOSE: SUPPORT | $8,000 |
PARKVIEW MEDICAL CENTER PURPOSE: SUPPORT | $9,000 |
LOVE FOR LILY PURPOSE: SUPPORT | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pachyonychia Congenita Fund Holladay, UT | $3,130,275 | $490,833 |
Ralston Volunteer Fire Department And Rescue Squad Inc Ralston, NE | $976,525 | $433,805 |
Newborn Hope Incorporated Colorado Springs, CO | $450,835 | $147,853 |
Minkoff Center For Jewish Genetics Dba Jewish Genetic Diseases Center Scottsdale, AZ | $836,999 | $106,155 |
Southwest Institute For Families And Children With Special Needs Phoenix, AZ | $137,623 | $219,226 |
Healthy Birth And Infant Brains Foundation Casper, WY | $725,524 | $96,677 |
Movement Disorders Foundation Englewood, CO | $664,057 | $147,641 |
Warner House Inc Oro Valley, AZ | $18,662 | $0 |
Mid-America Games For The Disabled Inc Overland Park, KS | $0 | $0 |
Rory Belle Foundation Denver, CO | $267,644 | $214,750 |
Finding Hope For Frrs1l Fort Collins, CO | $65,823 | $0 |