New Village Foundation Inc
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- Data as of
- 12/2023
- EIN
- 85-4205412
Organization Overview
New Village Foundation Inc is located in Park Rapids, MN. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Village 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMING COMMUNITIES AND THE WORLD BY EMPOWERING POSITIVE CHANGE IN THE LIVES OF INDIVIDUALS THROUGH LIFE SKILLS, EDUCATION, TRANSPORTATION, AND HOUSING. IN PARTNERSHIP WITH NVI TRADE SCHOOLS, THE NEW VILLAGE FOUNDATION IDENTIFIES INDIVIDUALS WHO WOULD BENEFIT FROM A SCHOLARSHIP TO ATTEND THESE SCHOOLS. THIS OPPORTUNITY CAN PROVIDE AND HELP TO DEVELOP A SKILL SET TO SECURE A HIGHER PAYING SALARY IN AN UNDEREMPLOYED INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NVF RECEIVED THESE FUNDS AS DONATIONS, WITH THE INTENT OF HELPING STUDENTS - SPECIFICALLY THE UNDERSERVED WHO COULD NOT AFFORD A TRADE SCHOOL EDUCATION, THE MONEY WAS DONATED TO NEW VILLAGE INSTITUTE BLAIRSVILLE FOR STUDENT TUITION AND THE SCHOOL OPERATING COSTS TO COVER THE 6 MONTH PROGRAM.
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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 | $1,468,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,155 |
| Total Program Service Revenue | $0 |
| 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 | $1,468,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $428,982 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,434 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30 |
| Information technology | $30 |
| 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 | $0 |
| All other expenses | $60 |
| Total functional expenses | $436,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,031,619 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,619 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $200 |
| Retained earnings, endowment, accumulated income, or other funds | $1,031,419 |
| Total liabilities and net assets/fund balances | $1,031,619 |
Grants Awarded
Over the last fiscal year, New Village Foundation Inc has awarded $426,982 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW VILLAGE INSTITUE BLAIRSVILLE PURPOSE: OP COST FOR STUDENTS | $200,000 |
NEW VILLAGE INSTITUTE BLAIRSVILLE PURPOSE: SCHOLARSHIPS | $226,982 |