Is it real?
Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $174K paid to officers and key staff.
Carolyn Farrar’s $47K as Administrator is at the 89th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Carolyn Farrar | $46,800 | $47,000 | $43,950 | $30,175 | $10,550 |
| John W Howard SR | $9,000 | $38,500 | $38,600 | $19,975 | $15,053 |
| June Puryear | $34,763 | $21,428 | — | — | — |
| Paula Denson | $32,600 | $34,200 | $26,550 | $30,200 | $12,950 |
| Lamirah Parker | $30,770 | $9,050 | — | — | — |
| John W Howard Operation Officer | — | — | $30,200 | — | — |
| Carolyn Farrar Office Manager | — | — | $30,175 | — | — |
| Maria Negron | — | — | — | — | $20,438 |
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
New Life Development Corporation is an education nonprofit based in Atlantic City, NJ.
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CNDT
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $85K | −$37K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $85K | −$37K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $85K | −$37K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $229K | $229K | ||
| Payroll taxesLn 10 | $96K | $96K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $20K | $20K | ||
| Other expenses (24a–d)Ln 24 | $147K | $147K | ||
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $493K | $493K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $0 | $493K | −$493K | −$37K | 990 PDF |
| FY2024 | $648K | $569K | $80K | $0 | 990 PDF |
| FY2023 | $520K | $568K | −$49K | $5K | 990 PDF |
| FY2022 | $402K | $393K | $8K | $54K | 990 PDF |
| FY2021 | $178K | $191K | −$13K | $46K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $0 across 5 lines filed
Part IX · Statement of functional expenses $493,012 across 7 lines filed
Part X · Balance sheet −$36,716 assets, 6 lines filed
Part XI · Reconciliation of net assets −$36,716 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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