New Foundations INC FY2024 filing

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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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1207406) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$171K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$171K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
3.4 mo
of spending, in cash
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
99% of total assets
Liabilities are 99% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.2M
+7% vs prior year
Spent
$3.2M
To programs
86%
Net assets
$2K
By yearFY2020–FY2025
Revenue
$3.2M
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.4M
Expenses
$3.2M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.8M
FY2022$2.9M
FY2023$3.0M
FY2024$3.2M
FY2025$3.3M
Net assets
$2K
FY2024▲ +114%
Tap a bar for its year
Net assets by fiscal year
FY2020−$301K
FY2021$45K
FY2022$36K
FY2023−$13K
FY2024$2K
FY2025$100K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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% · $2.7M Management & general 14% · $448K

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

6 people listed on the 990; $171K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$94,300Pt VII · Sec A
Fiscal Affairs Administrator
$76,826Pt 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sandra Vincenzo$96,691$94,300$88,531$87,422$81,693$77,264
Donna Buck$83,553$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.

See New Foundations INC executive salaries →

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.

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2 programs · $2.7M · in their own filed words · FY2023
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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1207406) · Dispute this line
$2.7Mprogram expense
02

Individualized Day Services

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 06-1207406) · Dispute this line
$78Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$94K
Investment incomeLn 3$6K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.7M
Managementcol C$448K
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$899K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.6M
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$94K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$6K
Other incomeLn 4–11$502
Gains on assetsLn 7$500
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$392K
SavingsLn 2$506K
Cash and savings togetherLn 1–2$899K
Accounts receivableLn 4$137K
Prepaid expenses and deferred chargesLn 9$32K
Land, buildings, equipmentLn 10c$1.4M
InvestmentsLn 11–13$7K
Other assetsLn 15$74K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.6M
Net assetsLn 32$2K
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 FY24End FY24
Cash and savingsLn 1–2$584K$899K
InvestmentsLn 11–13$8K$7K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$2.4M$2.6M
Net assetsLn 32−$13K$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$202K$202K
Other salaries and wagesLn 7$1.9M$1.8M$83K
Pension plan contributionsLn 8$4K$4K$782
Other employee benefitsLn 9$150K$150K$107
Payroll taxesLn 10$173K$151K$22K
Other fees for servicesLn 11g$37K$37K
Office expensesLn 13$74K$44K$31K
Information technologyLn 14$10K$5K$5K
OccupancyLn 16$120K$84K$36K
TravelLn 17$39K$39K$23
InterestLn 20$59K$59K$243
Depreciation, depletion and amortizationLn 22$98K$98K$262
InsuranceLn 23$61K$48K$13K
Other expenses (24a–d)Ln 24$236K$217K$19K
Total functional expensesLn 25$3.2M$2.7M$448K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 9, 2026 $3.4M$3.3M$98K$100K 990 PDF
FY2024 ViewingFiled with the IRS Mar 5, 2025 $3.2M$3.2M$16K$2K 990 PDF
FY2023Filed with the IRS Feb 20, 2024 $3.0M$3.0M−$49K−$13K 990 PDF
FY2022Filed with the IRS Feb 3, 2023 $2.9M$2.9M−$10K$36K 990 PDF
FY2021Filed with the IRS Feb 24, 2022 $3.2M$2.8M$346K$45K 990 PDF
FY2020Filed with the IRS Mar 5, 2021 $2.7M$2.7M$52K−$301K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $3,206,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,985$94,255
I-9 Program service revenuePrior year $2,940,538$3,106,234
I-10 Investment incomePrior year $208$6,053
I-11 Other revenuePrior year $234$2
I-12 Total revenuePrior year $2,982,965$3,206,544
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,309,354$2,455,312
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $722,163$735,637
I-18 Total expensesPrior year $3,031,517$3,190,949
I-19 Revenue less expensesPrior year −$48,552$15,595
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,206,544 across 7 lines filed
VIII-1f All other contributions, gifts and grants$94,255
VIII-1h Total contributions, gifts and grants$94,255
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,106,234$3,106,234
VIII-3 Investment incomeExcluded from tax $5,553$5,553
VIII-7 Net gain or loss on sales of assetsRelated to mission $500$500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2$2
VIII-12 Total revenueRelated to mission $3,106,736 · Unrelated business $0 · Excluded from tax $5,553$3,206,544
Part IX · Statement of functional expenses $3,190,949 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $202,054$202,054
IX-7 Other salaries and wagesPrograms $1,843,066 · Management $82,710$1,925,776
IX-8 Pension plan contributionsPrograms $3,675 · Management $782$4,457
IX-9 Other employee benefitsPrograms $150,326 · Management $107$150,433
IX-10 Payroll taxesPrograms $150,994 · Management $21,598$172,592
IX-11g Other fees for servicesManagement $36,543$36,543
IX-13 Office expensesPrograms $43,702 · Management $30,693$74,395
IX-14 Information technologyPrograms $5,418 · Management $5,082$10,500
IX-16 OccupancyPrograms $84,021 · Management $36,369$120,390
IX-17 TravelPrograms $39,420 · Management $23$39,443
IX-20 InterestPrograms $58,719 · Management $243$58,962
IX-22 Depreciation, depletion and amortizationPrograms $97,706 · Management $262$97,968
IX-23 InsurancePrograms $48,385 · Management $12,712$61,097
IX-24 Other expenses (24a–d)Programs $217,415 · Management $18,924$236,339
IX-25 Total functional expensesPrograms $2,742,847 · Management $448,102 · Fundraising $0$3,190,949
Part X · Balance sheet $2,576,310 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $583,886$392,403
X-2 Savings and temporary cash investments$506,128
X-4 Accounts receivableStart of year $199,268$136,677
X-9 Prepaid expenses and deferred chargesStart of year $53,599$32,057
X-10c Land, buildings and equipment, netStart of year $1,464,447$1,428,181
X-11 Publicly traded securitiesStart of year $7,690$7,001
X-15 Other assetsStart of year $75,317$73,863
X-16 Total assetsStart of year $2,384,207$2,576,310
X-17 Accounts payable and accrued expensesStart of year $347,417$364,278
X-19 Deferred revenueStart of year $169,952$389,668
X-23 Secured mortgages and notes payableStart of year $1,554,687$1,460,960
X-25 Other liabilitiesStart of year $325,002$359,574
X-26 Total liabilitiesStart of year $2,397,058$2,574,480
X-27 Net assets without donor restrictionsStart of year −$12,851$1,830
X-32 Total net assets or fund balancesStart of year −$12,851$1,830
X-33 Total liabilities and net assetsStart of year $2,384,207$2,576,310
Part XI · Reconciliation of net assets $1,830 net assets at year end
XI-1 Total revenue$3,206,544
XI-2 Total expenses$3,190,949
XI-3 Revenue less expenses$15,595
XI-4 Net assets at start of year−$12,851
XI-5 Net unrealized gains (losses) on investments−$914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,830

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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