New Foundations INC FY2023 filing

Tax-deductible

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

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.
$163K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
$163K
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: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.4M
101% of total assets
Concern: liabilities are 101% 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
$3.0M
+4% vs prior year
Spent
$3.0M
To programs
86%
Net assets
−$13K
By yearFY2020–FY2025
Revenue
$3.0M
FY2023▲ +4%
Revenue by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.4M
Expenses
$3.0M
FY2023▲ +5%
Expenses by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.3M
Net assets
−$13K
FY2023▼ -136%
Net assets by fiscal year
FY2020−$301K
FY2021$45K
FY2022$36K
FY2023−$13K
FY2024$2K
FY2025$100K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $2.6M Management & general 14% · $427K

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

Who runs it and what they're paid

6 people listed on the 990; $163K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$88,531Pt VII · Sec A
Fiscal Affairs Administrator
$74,360Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 2No
  • 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 $2.6M of program spending, described in the organization's own filed words · FY2022.
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.

$2.5Mprogram expense
02

Individualized Day Services

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

$61Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$42K
Other incomeLn 4–11$234
Money outPt IX
$3.0M
Ln 25
Programscol B$2.6M
Managementcol C$427K
Owns and owesPt X
−$13K
net assets · Ln 32
Cash and savingsLn 1–2$584K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$208
Other incomeLn 4–11$234
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$584K
Cash and savings togetherLn 1–2$584K
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$75K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.4M
Net assetsLn 32−$13K
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 FY23End FY23
Cash and savingsLn 1–2$376K$584K
InvestmentsLn 11–13$8K$8K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$2.0M$2.4M
LiabilitiesLn 26$1.9M$2.4M
Net assetsLn 32$36K−$13K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$184K$184K
Other salaries and wagesLn 7$1.8M$1.8M$79K
Other employee benefitsLn 9$128K$121K$7K
Payroll taxesLn 10$165K$144K$21K
Other fees for servicesLn 11g$40K$40K
Office expensesLn 13$76K$47K$28K
Information technologyLn 14$5K$5K
OccupancyLn 16$118K$82K$36K
TravelLn 17$40K$40K
InterestLn 20$62K$62K
Depreciation, depletion and amortizationLn 22$93K$93K
InsuranceLn 23$56K$43K$13K
Other expenses (24a–d)Ln 24$233K$213K$20K
Total functional expensesLn 25$3.0M$2.6M$427K$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 Viewing $3.0M$3.0M−$49K−$13K 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,982,965 across 6 lines filed
VIII-1f All other contributions, gifts and grants$41,985
VIII-1h Total contributions, gifts and grants$41,985
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,940,538$2,940,538
VIII-3 Investment incomeExcluded from tax $208$208
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $234$234
VIII-12 Total revenueRelated to mission $2,940,772 · Unrelated business $0 · Excluded from tax $208$2,982,965
Part IX · Statement of functional expenses $3,031,517 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $183,956$183,956
IX-7 Other salaries and wagesPrograms $1,753,945 · Management $79,182$1,833,127
IX-9 Other employee benefitsPrograms $120,702 · Management $6,848$127,550
IX-10 Payroll taxesPrograms $143,984 · Management $20,737$164,721
IX-11g Other fees for servicesManagement $39,967$39,967
IX-13 Office expensesPrograms $47,364 · Management $28,246$75,610
IX-14 Information technologyPrograms $5,342$5,342
IX-16 OccupancyPrograms $81,626 · Management $35,875$117,501
IX-17 TravelPrograms $39,906$39,906
IX-20 InterestPrograms $62,014$62,014
IX-22 Depreciation, depletion and amortizationPrograms $93,194$93,194
IX-23 InsurancePrograms $43,244 · Management $12,531$55,775
IX-24 Other expenses (24a–d)Programs $212,891 · Management $19,963$232,854
IX-25 Total functional expensesPrograms $2,604,212 · Management $427,305 · Fundraising $0$3,031,517
Part X · Balance sheet $2,384,207 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $375,728$583,886
X-4 Accounts receivableStart of year $40,150$199,268
X-9 Prepaid expenses and deferred chargesStart of year $22,497$53,599
X-10c Land, buildings and equipment, netStart of year $1,538,090$1,464,447
X-11 Publicly traded securitiesStart of year $7,977$7,690
X-15 Other assetsStart of year $286$75,317
X-16 Total assetsStart of year $1,984,728$2,384,207
X-17 Accounts payable and accrued expensesStart of year $147,957$347,417
X-19 Deferred revenueStart of year $57,701$169,952
X-25 Other liabilitiesStart of year $97,753$325,002
X-26 Total liabilitiesStart of year $1,948,532$2,397,058
X-27 Net assets without donor restrictionsStart of year $35,196−$12,851
X-28 Net assets with donor restrictionsStart of year $1,000$0
X-32 Total net assets or fund balancesStart of year $36,196−$12,851
X-33 Total liabilities and net assetsStart of year $1,984,728$2,384,207
Part XI · Reconciliation of net assets −$12,851 net assets at year end
XI-1 Total revenue$2,982,965
XI-2 Total expenses$3,031,517
XI-3 Revenue less expenses−$48,552
XI-4 Net assets at start of year$36,196
XI-5 Net unrealized gains (losses) on investments−$495
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$12,851

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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