New Door Ventures
- Assets
- $13.4m
- Revenue
- $5.6m
- Investments
- $7.1m
- Employees
- 166
- Location
- San Francisco, CA
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 94-2780274
Organization Overview
New Door Ventures is located in San Francisco, CA. The organization was established in 1983. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, New Door Ventures employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Door Ventures 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, New Door Ventures generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. 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
NEW DOOR HELPS AT-RISK YOUTH GET READY FOR WORK AND LIFE THROUGH JOBS, JOB TRAINING AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH EMPLOYMENT HELPS OPPORTUNITY YOUTH PREPARE FOR WORK AND LIFE SO THEY CAN DISCOVER AND USE THEIR POTENTIAL AS THEY SUCCESSFULLY TRANSITION TO ADULTHOOD. THE PROGRAM COMBINES THE PRACTICAL WORK EXPERIENCE, JOB TRAINING, AND DEEP INDIVIDUAL SUPPORT THAT ENABLES TRANSITION AGED YOUTH TO IDENTIFY THEIR STRENGTHS AND ABILITIES, APPLY THEM IN REAL-WORK SETTINGS, LEARN TEAMWORK, ACCOUNTABILITY, AND HEALTHY BEHAVIORS, AND EXPERIENCE THE POWER OF BEING POSITIVE, PRODUCTIVE OF THEIR COMMUNITIES.
TRANSITIONAL SERVICES
EDUCATION PROGRAM HELPS YOUTH WHO ARE NOT ON TRACK TO RECEIVE A HIGH SCHOOL DIPLOMA EARN A GED OR OTHER FORM OF HIGH SCHOOL EQUIVALENCY. YOUTH RECEIVE INDIVIDUALIZED TEACHING OF SUBJECT WITHIN A SOCIAL-EMOTIONAL LEARNING FRAMEWORK, ENRICHMENT ACTIVITIES, ONE-ON-ONE TUTORING, AND TEST PREPARATION TO SUPPORT THEM IN ACHIEVING HIGH SCHOOL EQUIVALENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Ceremsak Chair | OfficerTrustee | 1 | $0 |
Kathy Drake Vice Chair | OfficerTrustee | 1 | $0 |
Terry Watson Treasurer | OfficerTrustee | 1 | $0 |
Omar Butler Ceo, President, & Director | OfficerTrustee | 40 | $268,862 |
Alexa Culwell Director | Trustee | 1 | $0 |
Greg Vandenbosch Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alpha Shirt Co Apparel For Screen Printing Business | 12/30/15 | $308,729 |
Kaiser Foundation Healthcare Provider | 12/30/15 | $167,000 |
San Mar Apparel For Screen Printing Business | 12/30/15 | $151,354 |
The Vanguard Group Investment Brokerage | 12/30/15 | $140,869 |
Quality Bicycle Product Inc Bicycle Parts And Accessories | 12/30/15 | $126,394 |
Alpha Shirt Co Apparel For Screen Printing Business | 12/30/15 | $308,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,297,906 |
| Noncash contributions included in lines 1a–1f | $45,388 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,374,677 |
| Total Program Service Revenue | $1,069,778 |
| Investment income | $92,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,571,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $438,147 |
| Compensation of current officers, directors, key employees. | $74,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,696,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $365,539 |
| Payroll taxes | $233,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $332,977 |
| Advertising and promotion | $94,999 |
| Office expenses | $92,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,198 |
| Travel | $42,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266 |
| Interest | $203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,307 |
| Insurance | $78,277 |
| All other expenses | $39,920 |
| Total functional expenses | $5,050,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $478,215 |
| 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 | $29,547 |
| Net Land, buildings, and equipment | $4,638,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,113,840 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509,283 |
| Total assets | $13,436,008 |
| Accounts payable and accrued expenses | $320,006 |
| 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 | $490,432 |
| Total liabilities | $810,438 |
| Net assets without donor restrictions | $12,405,570 |
| Net assets with donor restrictions | $220,000 |
| 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 | $13,436,008 |