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New Foundations Inc

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

EIN: 232610384 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is New Foundations Inc?

New Foundations Inc, based in Philadelphia, Pennsylvania, is a dedicated nonprofit organization aimed at providing specialized foster care and social welfare services. Their mission is to unite families and children, representing their interests and fostering bonding relationships. They work tirelessly to identify and eradicate any barriers that may keep children and families separated, collaborating closely with county agencies to expedite their involvement in the child welfare system. With a team of 28 dedicated individuals, New Foundations Inc plays a vital role in promoting family unity and ensuring the well-being of children in need.


Official website here: www.nfi4kids.org

Is New Foundations Inc legitimate?

New Foundations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Foundations 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $840,133

For more financial information, click here


Official website here: www.nfi4kids.org

What is the mission statement of New Foundations Inc?

New Foundations Inc's mission is centered around serving both families and children. Their primary goal is to facilitate unity between these two groups and act as their representative in the process. They strive to foster strong family bonds and eradicate any barriers that may separate children and their families. Furthermore, they collaborate with county agencies to reduce the length of time children and families spend within the child welfare system.


Official website here: www.nfi4kids.org

Who is the CEO of New Foundations Inc?

Joseph Smith is the Member of New Foundations Inc.


Official website here: www.nfi4kids.org

What is the revenue of New Foundations Inc?

New Foundations Inc's revenue in 2023 was $2,929,800.


Official website here: www.nfi4kids.org

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

The average compensation at New Foundations Inc during 2023 was $30,005. There are 28 employees at New Foundations Inc.

Here are 3 key members and their salaries:

    Jose Caballos (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Moncado (Sec/Tres) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Smith (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nfi4kids.org

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

    The New Foundations Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.nfi4kids.org

    Learn more at the official website: www.nfi4kids.org

    Mission Statement of New Foundations Inc

    New Foundations Inc is committed to serving both families and children, aiming to facilitate unity and representation for them in various processes. The organization's primary goal is to foster strong bonding relationships between children and their families. To achieve this, New Foundations Inc identifies and eliminates any barriers that may be keeping children and families apart. The nonprofit works collaboratively with county agencies to expedite the time children and families spend within the child welfare system. By doing so, New Foundations Inc strives to create a supportive environment that encourages family unity and strengthens familial relationships.

    Impact

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




    Thursday, August 15, 2024

    New Foundations Inc's impact lies in its efforts to unite families and children, foster bonding relationships between them, and eliminate barriers that keep them apart. By providing specialized foster care and social welfare services, the organization works in collaboration with county agencies to reduce the time children and families are involved in the child welfare system. Through their mission of serving both families and children, New Foundations Inc contributes to the well-being and stability of families in Philadelphia, PA.





    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 2023.

  • Investment Income: $67
  • Program Service Revenue: $2,910,575
  • Gross Receipts: $2,952,642

    • Assets and Liabilities:
  • Total Assets: $2,906,089
  • Total Liabilities: $675,860
  • Net Assets: $2,230,229
  • Programs

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

    FOSTER CARE SERVICES

    Revenue

    $2,385,475

    ADOPTION

    Revenue

    $525,100

    Organization Details

    Founding Year

    1992

    Principal Officer

    Joseph Smith

    Main Address

    7210 RISING SUN AVE SUITE RM/STE A, PHILADELPHIA, PA, 19111

    NTEE Category

    Code: P320 - Human services

    If you are a representative of New Foundations 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.