New Foundations INC FY2022 filing

Tax-deductible

Wolcott, CT501(c)(3)Human ServicesEIN 06-1207406

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To provide residential facilities, supported living programs, and vocational supports for individuals with special needs who are located throughout the State of Connecticut.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $76K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
-10% vs prior year
Spent
$2.9M
To programs
86%
Net assets
$36K
By yearFY2020–FY2025
Revenue
$2.9M
FY2022▼ -10%
Revenue by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.4M
Expenses
$2.9M
FY2022▲ +2%
Expenses by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.3M
Net assets
$36K
FY2022▼ -19%
Net assets by fiscal year
FY2020−$301K
FY2021$45K
FY2022$36K
FY2023−$13K
FY2024$2K
FY2025$100K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.5M Management & general 14% · $402K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$87,422Pt VII · Sec A
Fiscal Affairs Administrator
$70,367Pt VII · Sec A
Board Member (thru Dec 2021)
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Sandra Vincenzo’s $97K as Executive Di is at the 32nd percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sandra Vincenzo$96,691—————
Sandra Vincenzo—$94,300$88,531$87,422$81,693$77,264
Donna Buck$83,553—————
Donna Buck—$76,826$74,360$70,367$67,950$64,031

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing, living support, and job training for individuals with special needs across Connecticut.

Provided by the organization

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2 program services account for $2.5M of program spending, described in the organization's own filed words · FY2021.
01

Community Living Arrangements

Gives developmentally disabled individuals a home in the community where they can learn and acquire new skills, develop their potential abilities and be part of their community. They receive health and behavioral support in a 24-hour supervised environment.

$2.4Mprogram expense
02

Individualized Day Services

The Organization assists residents in a home environment teaching vocational/non-vocational skills.

$60Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.8M
Gifts and grantsLn 1h$99K
Investment incomeLn 3$367
Money outPt IX
$2.9M
Ln 25
Programscol B$2.5M
Managementcol C$402K
Owns and owesPt X
$36K
net assets · Ln 32
Cash and savingsLn 1–2$376K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Government grantsLn 1e$52K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$367
Other incomeLn 4–11$44
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$376K
Cash and savings togetherLn 1–2$376K
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$286
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.9M
Net assetsLn 32$36K
OperationsPt I, VI
EmployeesI 565
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$440K$376K
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.2M$2.0M
LiabilitiesLn 26$2.1M$1.9M
Net assetsLn 32$45K$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$176K$176K
Other salaries and wagesLn 7$1.7M$1.6M$79K
Other employee benefitsLn 9$140K$130K$10K
Payroll taxesLn 10$156K$136K$20K
Other fees for servicesLn 11g$35K$35K
Office expensesLn 13$73K$44K$29K
OccupancyLn 16$108K$73K$34K
TravelLn 17$40K$40K$23
InterestLn 20$66K$65K$445
Depreciation, depletion and amortizationLn 22$93K$93K
InsuranceLn 23$56K$44K$13K
Other expenses (24a–d)Ln 24$210K$205K$6K
Total functional expensesLn 25$2.9M$2.5M$402K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.4M$3.3M$98K$100K 990 PDF
FY2024 $3.2M$3.2M$16K$2K 990 PDF
FY2023 $3.0M$3.0M−$49K−$13K 990 PDF
FY2022 Viewing $2.9M$2.9M−$10K$36K 990 PDF
FY2021 $3.2M$2.8M$346K$45K 990 PDF
FY2020 $2.7M$2.7M$52K−$301K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,865,149 across 8 lines filed
VIII-1e Government grants$52,186
VIII-1f All other contributions, gifts and grants$47,025
VIII-1g Noncash contributions (included above)$6,375
VIII-1h Total contributions, gifts and grants$99,211
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,765,527$2,765,527
VIII-3 Investment incomeExcluded from tax $367$367
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44$44
VIII-12 Total revenueRelated to mission $2,765,571 · Unrelated business $0 · Excluded from tax $367$2,865,149
Part IX · Statement of functional expenses $2,874,735 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $176,244$176,244
IX-7 Other salaries and wagesPrograms $1,642,446 · Management $78,526$1,720,972
IX-9 Other employee benefitsPrograms $130,118 · Management $9,507$139,625
IX-10 Payroll taxesPrograms $136,171 · Management $20,302$156,473
IX-11g Other fees for servicesManagement $35,234$35,234
IX-13 Office expensesPrograms $44,053 · Management $29,306$73,359
IX-16 OccupancyPrograms $73,303 · Management $34,343$107,646
IX-17 TravelPrograms $39,980 · Management $23$40,003
IX-20 InterestPrograms $65,297 · Management $445$65,742
IX-22 Depreciation, depletion and amortizationPrograms $92,743$92,743
IX-23 InsurancePrograms $43,777 · Management $12,518$56,295
IX-24 Other expenses (24a–d)Programs $204,831 · Management $5,568$210,399
IX-25 Total functional expensesPrograms $2,472,719 · Management $402,016 · Fundraising $0$2,874,735
Part X · Balance sheet $1,984,728 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $439,706$375,728
X-4 Accounts receivableStart of year $74,538$40,150
X-9 Prepaid expenses and deferred chargesStart of year $21,896$22,497
X-10c Land, buildings and equipment, netStart of year $1,618,933$1,538,090
X-12 Other securities$7,977
X-15 Other assetsStart of year $317$286
X-16 Total assetsStart of year $2,155,390$1,984,728
X-17 Accounts payable and accrued expensesStart of year $179,541$147,957
X-19 Deferred revenueStart of year $104,408$57,701
X-25 Other liabilitiesStart of year $91,423$97,753
X-26 Total liabilitiesStart of year $2,110,843$1,948,532
X-27 Net assets without donor restrictionsStart of year $44,547$35,196
X-28 Net assets with donor restrictions$1,000
X-32 Total net assets or fund balancesStart of year $44,547$36,196
X-33 Total liabilities and net assetsStart of year $2,155,390$1,984,728
Part XI · Reconciliation of net assets $36,196 net assets at year end
XI-1 Total revenue$2,865,149
XI-2 Total expenses$2,874,735
XI-3 Revenue less expenses−$9,586
XI-4 Net assets at start of year$44,547
XI-5 Net unrealized gains (losses) on investments$1,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,196

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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