New Opportunities Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 066071847 ✦ Waterbury, CT ✦ Designated as a 501(c)(3)

Overview

What is New Opportunities Inc?

New Opportunities Inc, based in Waterbury, Connecticut, is a nonprofit organization dedicated to enhancing the lives of economically disadvantaged individuals. Their mission encompasses a range of energy programs, which include Connecticut Energy Assistance Program, Water Assistance Program, and Weatherization Services. These initiatives provide crucial utility assistance for both low-income renters and homeowners, ensuring they have access to essential heating and water services. Through the Weatherization Services, households reduce their energy consumption by implementing energy-saving improvements. New Opportunities Inc's employee roster consists of 342 individuals, all committed to making a difference in their community. Their combined efforts aim to improve the quality of life for economically disadvantaged individuals, fostering self-improvement and empowerment.


Official website here: www.newoppinc.org

Is New Opportunities Inc legitimate?

New Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $803,804
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,791,327

For more financial information, click here


Official website here: www.newoppinc.org

What is the mission statement of New Opportunities Inc?

New Opportunities Inc is dedicated to enhancing the lives of economically disadvantaged individuals. Their mission is to provide essential resources that raise living standards, encourage self-improvement, and foster self-empowerment. The organization offers various programs to help achieve these goals. One of their initiatives includes energy assistance programs. These programs, such as Connecticut Energy Assistance and Water Assistance, offer aid to low-income renters and homeowners, assisting them with their utility bills. In the previous year, 41,585 individuals received assistance through these programs. Additionally, Weatherization Services are available to help households decrease their energy consumption, benefiting 213 households. By offering these programs, New Opportunities Inc aims to make a significant impact on the lives of those in need.


Official website here: www.newoppinc.org

Who is the CEO of New Opportunities Inc?

Mr William Rybczyk is the Chairperson of New Opportunities Inc. The CEO's salary of New Opportunities Inc is $192,760 and their total compensation is $206,138.


Official website here: www.newoppinc.org

What is the revenue of New Opportunities Inc?

New Opportunities Inc's revenue in 2022 was $47,240,865.


Official website here: www.newoppinc.org

Who are the executives of New Opportunities Inc and what are their salaries?

The average compensation at New Opportunities Inc during 2022 was $28,056. There are 342 employees and 296 volunteers at New Opportunities Inc.

Here are 22 key members and their salaries (New Opportunities Inc's CEO's salary is $192,760 and their total compensation is $206,138):

    James H Gatling Phd (Former President/Ceo)
  • Compensation: $213,713
  • Related: $0
  • Other: $12,665

    • William R Rybczyk (President/Ceo)
  • Compensation: $192,760
  • Related: $0
  • Other: $13,378

    • Toni Hirst (Chief Administrative Officer)
  • Compensation: $187,372
  • Related: $0
  • Other: $7,636

    • Mark E Kovitch Cpa (Cfo)
  • Compensation: $122,208
  • Related: $0
  • Other: $19,530

    • Joanne Balaschak (Director Of Energy Services)
  • Compensation: $136,132
  • Related: $0
  • Other: $5,446

    • Patricia Donovan (Director Of Human Services)
  • Compensation: $121,490
  • Related: $0
  • Other: $4,559

    • Rachel Perez (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Green (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maritza Rivera (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Hoffler (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dora Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Conklin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deneen Fryer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joyce Kennedy Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Eddie Joyce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Belinda Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gaylynn Hadley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Saavedra-Sla Ppey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rosa Carlascio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexa Keener (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newoppinc.org

    Where can I find the form 990 for New Opportunities Inc?

    The New Opportunities Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newoppinc.org

    Learn more at the official website: www.newoppinc.org

    Mission Statement of New Opportunities Inc

    New Opportunities Inc is a mission-driven organization dedicated to enhancing the living standards of economically disadvantaged individuals. By providing essential resources, this nonprofit fosters self-improvement and empowers individuals to maximize their potential.

    One of New Opportunities Inc's key initiatives includes its energy programs. These programs encompass the Connecticut Energy Assistance Program, Water Assistance Program, and Weatherization Services. The Connecticut Energy and Water Assistance Programs offer aid to low-income renters and homeowners, assisting them in meeting their heating and water utility bills. A significant number of people, 41,585, have benefited from this program. Weatherization Services, another essential component of the energy programs, assists households in reducing their energy consumption. Approximately 213 households have successfully decreased their home energy consumption by utilizing these services.

    In essence, New Opportunities Inc transforms lives by providing vital resources that enable economically disadvantaged individuals to improve their quality of life. By addressing their energy needs through energy assistance programs and weatherization services, this nonprofit empowers individuals to focus on their personal growth and self-sufficiency.

    Impact

    This information is meant to be a general summary of New Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    New Opportunities Inc's impact is significant in improving the quality of life for economically disadvantaged individuals. Through its energy programs such as the Connecticut Energy Assistance Program, Water Assistance Program, and Weatherization Services, it has helped thousands of low-income renters and homeowners access heat and water assistance, as well as decrease their energy consumption. In particular, 41,585 people received assistance with their utility bills under these programs, and 213 households were able to reduce their home energy consumption through weatherization services. These efforts in Waterbury, CT, align with the organization's mission to provide necessary resources for self-improvement and empowerment to enhance the standard of living for those in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-698,082
  • Program Service Revenue: $1,304,455
  • Gross Receipts: $47,963,256

    • Assets and Liabilities:
  • Total Assets: $13,509,007
  • Total Liabilities: $13,738,070
  • Net Assets: -$229,063
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $1,158,875

    PROGRAM REVENUE - RENTAL

    Revenue

    $145,580

    Organization Details

    Founding Year

    1964

    Principal Officer

    Mr William Rybczyk

    Main Address

    232 NORTH ELM STREET, WATERBURY, CT, 06702

    NTEE Category

    Code: P20 - Human services

    If you are a representative of New Opportunities Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.