New Opportunities INC

Tax-deductible

Waterbury, CT501(c)(3)Since 1964EIN 06-6071847Revenue $42.0M in FY2024

On file with the IRSnewoppinc.org232 N Elm St, 06702-1516 · Waterbury, CTTax-exempt since Feb 1983Publicly supported charity — 170(b)(1)(A)(vi)

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To improve the quality of life for economically disadvantaged individuals.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 205 volunteers and 365 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $745K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$773K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16.6M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42.0M
-9% vs prior year
Spent
$42.2M
To programs
95%
Net assets
−$314K
By yearFY2020–FY2024
Revenue
$42.0M
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$37.1M
FY2021$43.8M
FY2022$47.2M
FY2023$45.9M
FY2024$42.0M
Expenses
$42.2M
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$35.3M
FY2021$41.7M
FY2022$47.3M
FY2023$45.8M
FY2024$42.2M
Net assets
−$314K
FY2024▼ -327%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.2M
FY2021−$180K
FY2022−$229K
FY2023−$73K
FY2024−$314K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1983.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $40.0M Management & general 5% · $2.2M

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

23 people listed on the 990; $773K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/CEO
$267,048Pt VII · Sec A
$148,405Pt VII · Sec A
Director of Energy Service
$141,535Pt VII · Sec A
Chief Administrative Offic
$116,169Pt VII · Sec A
Former President/CEO
$100,009Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James H Gatling PHD$100,009$100,009$213,713$312,175$293,931
William R Rybczyk$267,048$191,769$192,760——
Toni Hirst—$186,229$187,372$192,027$173,691
Mark E Kovitch CPA$148,405$133,032$122,208$125,251$18,172
Joanne Balaschak$141,535$141,535$136,132$141,135$128,636
William Rybczyk———$131,760$122,003
Patricia Donovan——$121,490$123,150$109,387
Omar Andujor$116,169————

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 Opportunities INC executive salaries →

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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

Helps economically disadvantaged people improve their lives.

Provided by the organization

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3 programs · $29.5M · in their own filed words · FY2023
01

Energy Programs

Energy programs includes connecticut energy assistance program, water assistance program, and weatherization services. Connecticut energy and water assistance programs provides heat and water assistance for low-income renters and homeowners.

$19.6Mprogram expense
02

Community Services

Community services provides work readiness assistance, employment training, coronavirus aid, and case management services for low-income individuals. Operates three family development centers in waterbury, meriden, and torrington, connecticut. 941 low-income people received academic or employment training.

$5.6Mprogram expense
03

Elderly

Elderly program includes nutritional services by providing hot meals to senior citizens and homecare services, including retired senior voluntary program, foster grandparent program, senior companion program and others.

$4.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$19K
Grants paid · 37 grants · $113.3M · 2019–2023
Unitemized GrantFY2023$17,385,914
Unitemized GrantFY2023$856,051
Unitemized GrantFY2023$429,624
Unitemized GrantFY2023$140,370
Unitemized GrantFY2023$68,538
Unitemized GrantFY2023$46,550
Unitemized GrantFY2022$22,723,654
Unitemized GrantFY2022$397,079
Unitemized GrantFY2022$75,610
Unitemized GrantFY2022$46,870
Unitemized GrantFY2022$41,867
Unitemized GrantFY2021$26,471,360
Unitemized GrantFY2021$307,636
Unitemized GrantFY2021$138,003
Unitemized GrantFY2021$105,826
The Salvation ArmyCT · FY2021$58,410
Unitemized GrantFY2021$31,600
See all 37 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$42.0M
Ln 12
Gifts and grantsLn 1h$39.8M
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$389K
Money outPt IX
$42.2M
Ln 25
Programscol B$40.0M
Managementcol C$2.2M
Owns and owesPt X
−$314K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$16.3M
LiabilitiesLn 26$16.6M
PeoplePt VI, VII
23
listed · VII A
PaidVII A5
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39.8M
Government grantsLn 1e$38.8M
Noncash giftsLn 1g$761K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$4K
Other incomeLn 4–11$389K
Gains on assetsLn 7−$16K
Total revenueLn 12$42.0M
Assets in detailPt X, end of year
CashLn 1$142K
Cash and savings togetherLn 1–2$142K
Land, buildings, equipmentLn 10c$11.8M
Other assetsLn 15$2.2M
Total assetsLn 16$16.3M
LiabilitiesLn 26$16.6M
Net assetsLn 32−$314K
OperationsPt I, VI
EmployeesI 5365
VolunteersI 6205
Fiscal year endsHeaderOctober
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$693K$142K
Land, buildings, equipmentLn 10c$11.0M$11.8M
Total assetsLn 16$15.4M$16.3M
LiabilitiesLn 26$15.5M$16.6M
Net assetsLn 32−$73K−$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$328K$328K
Grants to domestic individualsLn 2$18.9M$18.9M
Pay of current officers, directors and key staffLn 5$1.2M$635K$532K
Other salaries and wagesLn 7$10.0M$9.4M$625K
Pension plan contributionsLn 8$150K$135K$15K
Other employee benefitsLn 9$1.1M$952K$109K
Payroll taxesLn 10$933K$844K$88K
Legal feesLn 11b$44K$15K$30K
Accounting feesLn 11c$121K$121K
Lobbying feesLn 11d$27K$27K
Other fees for servicesLn 11g$268K$264K$4K
Advertising and promotionLn 12$30K$18K$12K
Office expensesLn 13$480K$232K$248K
Information technologyLn 14$91K$38K$53K
OccupancyLn 16$2.0M$1.8M$181K
TravelLn 17$427K$423K$4K
Conferences, conventions and meetingsLn 19$74K$53K$21K
InterestLn 20$532K$415K$116K
Depreciation, depletion and amortizationLn 22$1.1M$1.1M$27K
InsuranceLn 23$420K$419K$1K
Other expenses (24a–d)Ln 24$4.0M$4.0M$11K
Total functional expensesLn 25$42.2M$40.0M$2.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $42.0M$42.2M−$240K−$314K 990 PDF
FY2023 $45.9M$45.8M$156K−$73K 990 PDF
FY2022 $47.2M$47.3M−$49K−$229K 990 PDF
FY2021 $43.8M$41.7M$2.1M−$180K 990 PDF
FY2020 $37.1M$35.3M$1.8M−$2.2M 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 FY2024 990 (6 parts)
Part I · Summary $42,009,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,556,232$39,761,925
I-9 Program service revenuePrior year $1,863,311$1,858,753
I-10 Investment incomePrior year $104,036−$11,674
I-11 Other revenuePrior year $411,275$400,712
I-12 Total revenuePrior year $45,934,854$42,009,716
I-13 Grants and similar amounts paidPrior year $23,597,813$19,255,333
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,994,968$13,351,367
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,186,399$9,643,283
I-18 Total expensesPrior year $45,779,180$42,249,983
I-19 Revenue less expensesPrior year $155,674−$240,267
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $42,009,716 across 11 lines filed
VIII-1c Fundraising events$1,697
VIII-1e Government grants$38,765,373
VIII-1f All other contributions, gifts and grants$994,855
VIII-1g Noncash contributions (included above)$760,895
VIII-1h Total contributions, gifts and grants$39,761,925
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,858,753$1,858,753
VIII-3 Investment incomeExcluded from tax $4,137$4,137
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$15,811−$15,811
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $400,712$400,712
VIII-12 Total revenueRelated to mission $2,259,465 · Unrelated business $0 · Excluded from tax −$11,674$42,009,716
Part IX · Statement of functional expenses $42,249,983 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $328,286$328,286
IX-2 Grants to domestic individualsPrograms $18,927,047$18,927,047
IX-5 Pay of current officers, directors and key staffPrograms $635,165 · Management $532,207$1,167,372
IX-7 Other salaries and wagesPrograms $9,414,782 · Management $625,164$10,039,946
IX-8 Pension plan contributionsPrograms $134,541 · Management $15,460$150,001
IX-9 Other employee benefitsPrograms $952,037 · Management $109,388$1,061,425
IX-10 Payroll taxesPrograms $844,204 · Management $88,419$932,623
IX-11b Legal feesPrograms $14,539 · Management $29,601$44,140
IX-11c Accounting feesManagement $121,415$121,415
IX-11d Lobbying feesManagement $27,111$27,111
IX-11g Other fees for servicesPrograms $263,725 · Management $4,068$267,793
IX-12 Advertising and promotionPrograms $18,278 · Management $11,585$29,863
IX-13 Office expensesPrograms $231,896 · Management $248,005$479,901
IX-14 Information technologyPrograms $38,057 · Management $53,307$91,364
IX-16 OccupancyPrograms $1,794,906 · Management $180,897$1,975,803
IX-17 TravelPrograms $423,092 · Management $3,878$426,970
IX-19 Conferences, conventions and meetingsPrograms $52,747 · Management $21,177$73,924
IX-20 InterestPrograms $415,301 · Management $116,417$531,718
IX-22 Depreciation, depletion and amortizationPrograms $1,102,484 · Management $26,698$1,129,182
IX-23 InsurancePrograms $419,340 · Management $1,160$420,500
IX-24 Other expenses (24a–d)Programs $4,013,027 · Management $10,572$4,023,599
IX-25 Total functional expensesPrograms $40,023,454 · Management $2,226,529 · Fundraising $0$42,249,983
Part X · Balance sheet $16,308,791 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $692,579$142,263
X-3 Pledges and grants receivableStart of year $2,084,921$2,102,779
X-8 Inventories for sale or useStart of year $20,705$18,259
X-9 Prepaid expenses and deferred chargesStart of year $47,497$42,530
X-10c Land, buildings and equipment, netStart of year $10,972,573$11,842,315
X-15 Other assetsStart of year $1,614,727$2,160,645
X-16 Total assetsStart of year $15,433,002$16,308,791
X-17 Accounts payable and accrued expensesStart of year $3,377,372$4,732,701
X-19 Deferred revenueStart of year $1,770,156$1,250,794
X-20 Tax-exempt bond liabilitiesStart of year $1,459,058$1,192,441
X-25 Other liabilitiesStart of year $934,277$1,038,000
X-26 Total liabilitiesStart of year $15,506,391$16,622,447
X-27 Net assets without donor restrictionsStart of year −$309,173−$541,013
X-28 Net assets with donor restrictionsStart of year $235,784$227,357
X-32 Total net assets or fund balancesStart of year −$73,389−$313,656
X-33 Total liabilities and net assetsStart of year $15,433,002$16,308,791
Part XI · Reconciliation of net assets −$313,656 net assets at year end
XI-1 Total revenue$42,009,716
XI-2 Total expenses$42,249,983
XI-3 Revenue less expenses−$240,267
XI-4 Net assets at start of year−$73,389
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$313,656

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

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