Newspring FY2020 filing

Houston, TXUnknown exempt organizationEIN 20-5319679

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

72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$451K
Spent
$389K
To programs
72%
Net assets
$416K
By yearFY2020–FY2024
Revenue
$451K
FY2020
Revenue by fiscal year
FY2020$451K
FY2021$492K
FY2022$428K
FY2023$360K
FY2024$346K
Expenses
$389K
FY2020
Expenses by fiscal year
FY2020$389K
FY2021$379K
FY2022$453K
FY2023$542K
FY2024$512K
Net assets
$416K
FY2020
Net assets by fiscal year
FY2020$416K
FY2021$528K
FY2022$503K
FY2023$321K
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

72 cents of each dollar spent went to programs.

Program services 72% · $281K Management & general 14% · $54K Fundraising 14% · $54K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Treasurer
$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.

Provided by the organization

This section is blank until Newspring claims this page.

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2 program services account for $281K of program spending, described in the organization's own filed words · FY2020.
01

Visual Arts Program Accomplishments

1. Delivered the visual arts program to more than 225 students via new on-line platform during city-side lockdown 2. Painted the MetroNational mural 3. Completed and delivered the McNair butterfly 4. Provided scholarships and encouragement to 6 college students for the 2020-2021 academic year 5.

$272Kprogram expense
02

Newspring continued the EDGE program to build a business education and mentoring program for existing business that offer economic benefit to the Spring Branch community. The EDGE program holds 6 classes per year for up to 10 businesses in the program and provides ongoing support by providing volunteer subject matter experts and 2-3…

$9Kprogram expense

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$451K
Ln 12
Gifts and grantsLn 1h$408K
Fees for servicesLn 2g$40K
Investment incomeLn 3$2K
Money outPt IX
$389K
Ln 25
Programscol B$281K
Managementcol C$54K
Fundraisingcol D$54K
Owns and owesPt X
$416K
net assets · Ln 32
Cash and savingsLn 1–2$456K
Total assetsLn 16$467K
LiabilitiesLn 26$51K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$408K
Government grantsLn 1e$34K
Noncash giftsLn 1g$30K
Fees for servicesLn 2g$40K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$451K
Assets in detailPt X, end of year
CashLn 1$229K
SavingsLn 2$226K
Cash and savings togetherLn 1–2$456K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$440
Other assetsLn 15$0
Total assetsLn 16$467K
LiabilitiesLn 26$51K
Net assetsLn 32$416K
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 FY20End FY20
Cash and savingsLn 1–2$342K$456K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$600$440
Total assetsLn 16$359K$467K
LiabilitiesLn 26$4K$51K
Net assetsLn 32$355K$416K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$209K$146K$22K$40K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$16K$11K$2K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$42K$42K
Advertising and promotionLn 12$1K$157$746$202
Office expensesLn 13$14K$3K$9K$2K
Information technologyLn 14$5K$2K$3K
RoyaltiesLn 15$0
OccupancyLn 16$33K$24K$5K$3K
TravelLn 17$140$100$40
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$541$145$16$380
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$160$160
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$24K$17K$2K$4K
All other expensesLn 24e$4K$502$2K$2K
Total functional expensesLn 25$389K$281K$54K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $451K$389K$61K$416K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $450,573 across 11 lines filed
VIII-1e Government grants$34,298
VIII-1f All other contributions, gifts and grants$369,121
VIII-1g Noncash contributions (included above)$30,000
VIII-1h Total contributions, gifts and grants$408,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,405$40,405
VIII-3 Investment incomeRelated to mission $1,749$1,749
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 $42,154$450,573
Part IX · Statement of functional expenses $389,325 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $33,791$33,791
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $146,236 · Management $21,958 · Fundraising $40,387$208,581
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,803 · Management $1,967 · Fundraising $3,383$16,153
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,200$5,200
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $41,558$41,558
IX-12 Advertising and promotionPrograms $157 · Management $746 · Fundraising $202$1,105
IX-13 Office expensesPrograms $3,443 · Management $9,046 · Fundraising $1,507$13,996
IX-14 Information technologyPrograms $2,497 · Management $2,662$5,159
IX-15 Royalties$0
IX-16 OccupancyPrograms $24,171 · Management $5,464 · Fundraising $3,021$32,656
IX-17 TravelPrograms $100 · Management $40$140
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $145 · Management $16 · Fundraising $380$541
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $160$160
IX-23 InsuranceManagement $2,580$2,580
IX-24 Other expenses (24a–d)Programs $17,458 · Management $2,366 · Fundraising $3,800$23,624
IX-24e All other expensesPrograms $502 · Management $2,071 · Fundraising $1,508$4,081
IX-25 Total functional expensesPrograms $280,861 · Management $54,276 · Fundraising $54,188$389,325
Part X · Balance sheet $467,420 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $108,898$229,136
X-2 Savings and temporary cash investmentsStart of year $233,047$226,470
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$358
X-8 Inventories for sale or useStart of year $16,340$11,016
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $600$440
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $358,885$467,420
X-17 Accounts payable and accrued expensesStart of year $3,936$1,387
X-25 Other liabilities$49,836
X-26 Total liabilitiesStart of year $3,936$51,223
X-32 Total net assets or fund balancesStart of year $354,949$416,197
X-33 Total liabilities and net assetsStart of year $358,885$467,420
Part XI · Reconciliation of net assets $416,197 net assets at year end
XI-1 Total revenue$450,573
XI-2 Total expenses$389,325
XI-3 Revenue less expenses$61,248
XI-4 Net assets at start of year$354,949
XI-10 Net assets at end of year$416,197

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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