Newspring FY2023 filing

Houston, TXUnknown exempt organizationEIN 20-5319679Revenue $360K in FY2023

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.

57¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 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
$17K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
-16% vs prior year
Spent
$542K
To programs
57%
Net assets
$321K
By yearFY2020–FY2024
Revenue
$360K
FY2023▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$451K
FY2021$492K
FY2022$428K
FY2023$360K
FY2024$346K
Expenses
$542K
FY2023▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$389K
FY2021$379K
FY2022$453K
FY2023$542K
FY2024$512K
Net assets
$321K
FY2023▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$416K
FY2021$528K
FY2022$503K
FY2023$321K
FY2024$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

57 cents of each dollar spent went to programs.

Program services 57% · $307K Management & general 28% · $152K Fundraising 15% · $83K

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

14 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$73,600Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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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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.

Questions for Newspring

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Provided by the organization

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3 programs · $307K · in their own filed words · FY2023
01

Visual Arts Program Accomplishments

1. Delivered the visual arts program in the main studio and various satellite locations at SBISD schools and community centers serving 1,054 unique students. 2. Completed and delivered 1 butterfly 3.

$289Kprogram expense
02

The Flight 25 program supported 80 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. At Landrum Middle School, 8th graders were recruited to apply for the program.

$17Kprogram expense
03

Newspring discontinued the EDGE program that offered business education and mentoring program for existing business that offer economic benefit to the Spring Branch community.

$57program 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$360K
Ln 12
Gifts and grantsLn 1h$336K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$3K
Money outPt IX
$542K
Ln 25
Programscol B$307K
Managementcol C$152K
Fundraisingcol D$83K
Owns and owesPt X
$321K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$339K
LiabilitiesLn 26$17K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Government grantsLn 1e$107K
Fundraising eventsLn 1c$86K
Fees for servicesLn 2g$21K
Investment incomeLn 3$917
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$114K
SavingsLn 2$179K
Cash and savings togetherLn 1–2$293K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$0
Total assetsLn 16$339K
LiabilitiesLn 26$17K
Net assetsLn 32$321K
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 FY23End FY23
Cash and savingsLn 1–2$494K$293K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K$11K
Total assetsLn 16$521K$339K
LiabilitiesLn 26$18K$17K
Net assetsLn 32$503K$321K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$30K$30K
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$74K$29K$15K$29K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$232K$137K$59K$36K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$18K$11K$4K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$49K$35K$4K$11K
Advertising and promotionLn 12$6K$235$4K$1K
Office expensesLn 13$8K$4K$4K
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$50K$21K$29K
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$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$38K$26K$10K$3K
All other expensesLn 24e$12K$9K$3K$109
Total functional expensesLn 25$542K$307K$152K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $346K$512K−$166K$0 990 PDF
FY2023 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $360,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $395,283$335,750
I-9 Program service revenuePrior year $26,135$20,977
I-10 Investment incomePrior year $853$917
I-11 Other revenuePrior year $5,872$2,653
I-12 Total revenuePrior year $428,143$360,297
I-13 Grants and similar amounts paidPrior year $41,193$29,679
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $240,293$323,939
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $171,945$188,379
I-18 Total expensesPrior year $453,431$541,997
I-19 Revenue less expensesPrior year −$25,288−$181,700
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $360,297 across 11 lines filed
Lines not itemized here account for $2,653 of total revenue; see the IRS return.
VIII-1c Fundraising events$85,700
VIII-1e Government grants$106,884
VIII-1f All other contributions, gifts and grants$143,166
VIII-1h Total contributions, gifts and grants$335,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,977$20,977
VIII-3 Investment incomeRelated to mission $917$917
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 $21,894 · Excluded from tax $2,653$360,297
Part IX · Statement of functional expenses $541,997 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $29,679$29,679
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 $29,440 · Management $14,720 · Fundraising $29,440$73,600
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $137,340 · Management $59,276 · Fundraising $35,709$232,325
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,814 · Management $4,407 · Fundraising $2,793$18,014
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $16,750$16,750
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $34,546 · Management $3,725 · Fundraising $10,995$49,266
IX-12 Advertising and promotionPrograms $235 · Management $3,959 · Fundraising $1,400$5,594
IX-13 Office expensesPrograms $3,574 · Management $3,972$7,546
IX-14 Information technologyManagement $1,829$1,829
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,791 · Management $29,419$50,210
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 amortizationPrograms $4,841$4,841
IX-23 InsuranceManagement $1,514$1,514
IX-24 Other expenses (24a–d)Programs $26,355 · Management $9,522 · Fundraising $2,584$38,461
IX-24e All other expensesPrograms $9,231 · Management $3,028 · Fundraising $109$12,368
IX-25 Total functional expensesPrograms $306,846 · Management $152,121 · Fundraising $83,030$541,997
Part X · Balance sheet $338,803 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $265,853$113,799
X-2 Savings and temporary cash investmentsStart of year $227,959$178,868
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $10,675$8,950
X-8 Inventories for sale or useStart of year $8,440$6,340
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $7,933$10,846
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$20,000
X-15 Other assets$0
X-16 Total assetsStart of year $520,860$338,803
X-17 Accounts payable and accrued expensesStart of year $5,697$14,542
X-25 Other liabilitiesStart of year $12,092$2,890
X-26 Total liabilitiesStart of year $17,789$17,432
X-27 Net assets without donor restrictionsStart of year $410,765$250,813
X-28 Net assets with donor restrictionsStart of year $92,306$70,558
X-32 Total net assets or fund balancesStart of year $503,071$321,371
X-33 Total liabilities and net assetsStart of year $520,860$338,803
Part XI · Reconciliation of net assets $321,371 net assets at year end
XI-1 Total revenue$360,297
XI-2 Total expenses$541,997
XI-3 Revenue less expenses−$181,700
XI-4 Net assets at start of year$503,071
XI-10 Net assets at end of year$321,371

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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