Newspring

Houston, TXUnknown exempt organization EIN 20-5319679Revenue $346K in FY2024

On file with the IRSnewspringcenter.org8945 Long Point Rd Ste 100 · Houston, TX

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Newspring delivers visual arts and business mentoring programs that inspire students and their families to achieve a better life.

43¢ of each $1 spent went to programs.
Run by 100 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 5
filings with a surplus
Average deficit $40K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
-4% vs prior year
Spent
$512K
To programs
43%
Net assets
$0
By yearFY2020–FY2024
Revenue
$346K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$451K
FY2021$492K
FY2022$428K
FY2023$360K
FY2024$346K
Expenses
$512K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$389K
FY2021$379K
FY2022$453K
FY2023$542K
FY2024$512K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$416K
FY2021$528K
FY2022$503K
FY2023$321K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $220K Management & general 45% · $233K Fundraising 12% · $60K

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

11 people listed on the 990; $48K paid to officers and key staff.

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.

See Newspring 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 15aNo

Programs and updates

Inspires students and families to achieve a better life through visual arts and business mentoring.

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Provided by the organization

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2 programs · $220K · in their 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

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 · 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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$345K
Investment incomeLn 3$2K
Money outPt IX
$512K
Ln 25
Programscol B$220K
Managementcol C$233K
Fundraisingcol D$60K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Government grantsLn 1e$85K
Fundraising eventsLn 1c$69K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$293K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$11K$0
Total assetsLn 16$339K$0
LiabilitiesLn 26$17K$0
Net assetsLn 32$321K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$34K$34K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$48K$7K$32K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$229K$113K$80K$37K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$18K$9K$6K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$24K$24K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$46K$16K$24K$7K
Advertising and promotionLn 12$3K$20$2K$64
Office expensesLn 13$9K$3K$5K$1K
Information technologyLn 14$14K$1K$12K$813
RoyaltiesLn 15$0
OccupancyLn 16$33K$21K$12K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$22K$16K$3K$2K
All other expensesLn 24e$117$86$31
Total functional expensesLn 25$512K$220K$233K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $346K$512K−$166K$0 990 PDF
FY2023 $360K$542K−$182K$321K 990 PDF
FY2022 $428K$453K−$25K$503K 990 PDF
FY2021 $492K$379K$112K$528K 990 PDF
FY2020 $451K$389K$61K$416K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $346,377 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $335,750$344,576
I-9 Program service revenuePrior year $20,977$0
I-10 Investment incomePrior year $917$1,801
I-11 Other revenuePrior year $2,653$0
I-12 Total revenuePrior year $360,297$346,377
I-13 Grants and similar amounts paidPrior year $29,679$34,007
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $323,939$294,936
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $188,379$183,542
I-18 Total expensesPrior year $541,997$512,485
I-19 Revenue less expensesPrior year −$181,700−$166,108
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $346,377 across 10 lines filed
VIII-1c Fundraising events$69,025
VIII-1e Government grants$85,289
VIII-1f All other contributions, gifts and grants$190,262
VIII-1h Total contributions, gifts and grants$344,576
VIII-3 Investment incomeRelated to mission $1,801$1,801
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,801$346,377
Part IX · Statement of functional expenses $512,485 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $34,007$34,007
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $6,960 · Management $31,630 · Fundraising $9,210$47,800
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $112,521 · Management $79,708 · Fundraising $36,962$229,191
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,843 · Management $6,267 · Fundraising $2,835$17,945
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $23,650$23,650
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $15,975 · Management $23,500 · Fundraising $6,985$46,460
IX-12 Advertising and promotionPrograms $20 · Management $2,485 · Fundraising $64$2,569
IX-13 Office expensesPrograms $2,769 · Management $5,246 · Fundraising $1,091$9,106
IX-14 Information technologyPrograms $1,389 · Management $11,840 · Fundraising $813$14,042
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,869 · Management $11,873$32,742
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $32,135$32,135
IX-23 InsuranceManagement $1,075$1,075
IX-24 Other expenses (24a–d)Programs $16,315 · Management $3,100 · Fundraising $2,231$21,646
IX-24e All other expensesManagement $86 · Fundraising $31$117
IX-25 Total functional expensesPrograms $219,668 · Management $232,595 · Fundraising $60,222$512,485
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $113,799$0
X-2 Savings and temporary cash investmentsStart of year $178,868$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,950$0
X-8 Inventories for sale or useStart of year $6,340$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $10,846$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $20,000$0
X-15 Other assets$0
X-16 Total assetsStart of year $338,803$0
X-26 Total liabilitiesStart of year $17,432$0
X-32 Total net assets or fund balancesStart of year $321,371$0
X-33 Total liabilities and net assetsStart of year $338,803$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$346,377
XI-2 Total expenses$512,485
XI-3 Revenue less expenses−$166,108
XI-4 Net assets at start of year$321,371
XI-8 Prior period adjustments−$600
XI-9 Other changes in net assets−$154,663
XI-10 Net assets at end of year$0

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

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