Newman Living
- Assets
- $181.9k
- Revenue
- $498.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- Data as of
- 06/2023
- EIN
- 85-3563999
Organization Overview
Newman Living is located in Fargo, ND. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Newman Living 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 06/2023, Newman Living generated $498.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $453.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A COMMUNITY IN WHICH STUDENTS MAY GROW IN VIRTUE, HAVE ACCESS TO CATHOLIC SACRAMENTS, AND BE IN COMMUNION WITH OTHER TENANTS WHO ARE ALSO SEEKING VIRTUE AND LEARNING TO BE LEADERS IN THEIR HOMETOWN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING:NEWMAN LIVING OFFERS FAITH BASED HOUSING TO COLLEGE STUDENTS IN THE FARGO/MOORHEAD AREA. THIS PROVIDES STUDENTS WITH A PLACE TO GROW WITH OTHER STUDENTS WITH SIMILAR VALUES AND BELIEFS. MANY STUDENTS STRUGGLE TO PRACTICE THEIR FAITH OR ARE IN CONSTANT CONTACT WITH THOSE WHO ATTACK THEM FOR THEIR BELIEFS; NEWMAN LIVING OFFERS A SAFE PLACE FOR THEM TO PRACTICE THEIR BELIEFS AND PLACE THEM WITH ROOMMATES WHO SHARE SIMILAR BELIEFS SO THAT THEY CAN GROW TOGETHER. NEWMAN LIVING ALSO CHALLENGES STUDENTS TO PERFORM WITH EXCELLENCE IN THEIR STUDIES, IN THEIR RELATIONSHIPS, AND IN THEIR RELIGIOUS BELIEFS BY PARTNERING WITH ST. PAUL'S NEWMAN CENTER TO OFFER RETREATS, FORMATION CLASSES AND MATERIALS, AND 24/7 ACCESS TO THE CHAPEL WHERE THEY CAN PRAY AND KNOW OUR LORD MORE DEEPLY THROUGHOUT THEIR TIME HERE. WE HAD 63 OF OUR 82 ROOMS FILLED DURING THE 2021-2022 SCHOOL YEAR WITH OVER 100 APPLICATIONS FOR THE 2022-2023 SCHOOL YEAR.
ACTIVITIES/EVENTS:NEWMAN LIVING OFFERS MONTHLY EVENTS AND ACTIVITIES WHERE TENANTS ARE ABLE TO GET TO KNOW EACH OTHER BETTER AND BUILD COMMUNITY. HAVING THAT COMMUNITY IS EXTREMELY IMPORTANT TO STUDENTS SO THAT THEY HAVE OTHERS TO TURN TO IN TIMES OF CHALLENGES AND DIFFICULTIES. COMMUNITY ALSO ACTS AS ACCOUNTABILITY PARTNERS DURING THEIR JOURNEY THROUGH COLLEGE. PART OF THE COLLEGE EXPERIENCE IS TO LEARN TO MAKE GOOD CHOICES IN YOUR LIFE AND HAVING VIRTUOUS ROOMMATES AND NEIGHBORS HELP STEER TENANTS TO THE CHOICES THAT ARE RIGHT AND GOOD. THE ACTIVITIES AND EVENTS THAT NEWMAN LIVING HOSTS ALSO DEMONSTRATE TO STUDENTS THAT THEY CAN HAVE FUN AND A GOOD TIME WITHOUT FACTORS THAT CAN CAUSE HARM: ALCOHOL, DRUGS, GAMBLING, ETC. FUTURE EVENTS ARE BEING PLANNED TO HELP BREAK THE ICE BETWEEN TENANTS WHO DON'T KNOW EACH OTHER SO THAT THEY ARE COMFORTABLE SPEAKING WITH ALL TENANTS AND CREATE A WELCOMING ATMOSPHERE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop John T Folda President | OfficerTrustee | 0.25 | $0 |
Msgr Joseph Goering Vice President | OfficerTrustee | 0.25 | $0 |
Rev James Cheney Board Member | OfficerTrustee | 0.25 | $0 |
Tiffany Goering Secretary | OfficerTrustee | 0.25 | $0 |
Jon Swegarden Treasurer | OfficerTrustee | 0.25 | $0 |
Andrew Nielson Property Manager | Trustee | 25 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $495,993 |
| 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 | $2,954 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,700 |
| Grants and other assistance to domestic individuals. | $28,800 |
| 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 | $170,800 |
| Fees for services: Legal | $3,895 |
| 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 | $0 |
| Advertising and promotion | $1,890 |
| Office expenses | $959 |
| Information technology | $4,102 |
| Royalties | $0 |
| Occupancy | $38,529 |
| 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 | $22,665 |
| Insurance | $10,687 |
| All other expenses | $2,522 |
| Total functional expenses | $453,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,243 |
| 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 | $56,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,905 |
| 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 | $47,253 |
| Total liabilities | $47,253 |
| 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 | $134,652 |
| Total liabilities and net assets/fund balances | $181,905 |