Newspring EIN 20-5319679

Newspring

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Inspires students and families to achieve a better life through visual arts and business mentoring. For fiscal year 2024 it reported $346K in revenue, $512K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Houston, TX
Website
newspringcenter.org
Filings
5 on file (2020–2024)
Revenue
$346KFY2024
Expenses
$512K
Net assets
$0
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-5319679 Unknown exempt organization Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires students and families to achieve a better life through visual arts and business mentoring.
Leadership
Sheri Suarez Foreman · Executive Dir. · $48K
Money in and out
$346K revenue, $512K expenses
Bottom line
-48% surplus margin
Reported financial activity · FY2024
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$166K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.45 Fundraising $0.12
Surplus margin
-48%
revenue over expenses, this year▲ +5% vs prior filing year
Program spending
43%
of expenses reach programs▼ -24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$346K
FY2024▼ -4%
Expenses
$512K
FY2024▼ -5%
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$166K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B43%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $220K of program spending, described in the organization's own filed words · FY2024.
01

Visual Arts Program Accomplishments

1. Delivered the visual arts program in the main studio at the Womens Home and various satellite locations at SBISD schools and community centers serving 1150 students. 2. Provided scholarships and encouragement to 5 college students for the 2023-2024 academic year and Fall 2024-2025 academic year 3.

$207Kprogram expense
02

The Flight 25 program supported students in the SBISD Northbrook High School community through monthly class time with speakers on different careers and personal stories of succeeding with limited resources.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNewspring
EINHdr · item D20-5319679
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnewspringcenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$47,800Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Sheri Suarez Foreman$47,800$73,600$12,000

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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Statement of Revenue

Part VIII
Contributions & grants$345K · 99%
Investment income$2K · 1%
Contributions & grants99%$345K
Investment income1%$2K
— government grantsLn 1e$85K
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.45 Fundraising $0.12
Program services43%$220K
Management & general45%$233K
Fundraising12%$60K
Total functional expensesLn 25$512K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $512K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $220K · Total expenses $512K
43%
Management & General
Management & general $233K · Total expenses $512K
45%
Fundraising
Fundraising $60K · Total expenses $512K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $66K · Solicited contributions (3-yr avg) $264K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $345K · Total revenue $346K
99%
Government reliance
Government grants $85K · Total revenue $346K
25%
Earned-income share
Program service revenue $0 · Total revenue $346K
0%
Investment reliance
Investment income $2K · Total revenue $346K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $512K
0%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $360K
-4%
Revenue CAGR
FY2020 $451K · FY2024 $346K
-6%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $512K
-48%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sheri Suarez Foreman · Reported title Executive Dir. · Highest reported compensation $48K · Total expenses $512K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $295K · Total expenses $512K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 45%
Fundraising cost ratio 17%
Revenue growth -4%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$70K
Grants paid · 10 grants · $171K · 2020–2024
Unitemized GrantFY2024$21,307
Unitemized GrantFY2024$12,700
Unitemized GrantFY2023$18,879
Unitemized GrantFY2023$10,800
Unitemized GrantFY2022$32,753
Unitemized GrantFY2022$8,440
Unitemized GrantFY2021$24,260
Unitemized GrantFY2021$7,700
Unitemized GrantFY2020$19,509
Unitemized GrantFY2020$14,281

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$346K revenue · viewing · ⤓ 990 PDF
FY2023$360K revenue · ⤓ 990 PDF
FY2022$428K revenue · ⤓ 990 PDF
FY2021$492K revenue · ⤓ 990 PDF
FY2020$451K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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