New Challenges Adventures EIN 46-2454808 Form 990 (PDF) Claim this org

New Challenges Adventures FY2019 filing

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Enables adults with disabilities to experience meaningful adventures and activities. For fiscal year 2019 it reported $242K in revenue, $272K in expenses, and $-64K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Eagan, MN
Filings
6 on file (2019–2019)
Revenue
$242KFY2019
Expenses
$272K
Net assets
$-64K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-2454808 Public charity (501(c)(3)) Eagan, MN
Form 990 (PDF)
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Enables adults with disabilities to experience meaningful adventures and activities.
Leadership
Sue Fires · Secretary
Money in and out
$242K revenue, $272K expenses
Bottom line
87% program efficiency
Where the money goes · FY2019
Total revenue
$242K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$-64K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$242K
FY2019
Expenses
$272K
FY2019
Total assets
$53K
FY2019
Total liabilities
$117K
FY2019
Total revenue
$242K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$-64K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$53K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Challenges Adventures
EINHdr · item D46-2454808
Principal addressHdr · item CEagan, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
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
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $235K of program spending, described in the organization's own filed words · FY2019.
01

New challenges adventures (nca) puts adults with disabilities back in touch with things that give life meaning. These may be things that people have lost or lost contact with due to mental illness, brain injury, or developmental disabilities. These may be things that the person has never been involved with prior to injury.

$235Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$242K
Investment income$32
Total revenueLn 12$242K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$235K
Management & general13%$37K
Total functional expensesLn 25$272K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$53K
Total liabilitiesLn 26$117K
Total net assetsLn 32$-64K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses/yr $272K
0.7 months
Where the money goes
Program services
Program services $235K · Total expenses $272K
87%
Management & General
Management & general $37K · Total expenses $272K
13%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $242K
0%
Government reliance
Government grants — · Total revenue $242K
Earned-income share
Program service revenue $242K · Total revenue $242K
100%
Investment reliance
Investment income $32 · Total revenue $242K
+0.01%
Program self-sufficiency
Program service revenue $242K · Total expenses $272K
89%
Growth & trend
Revenue growth (YoY)
This year $242K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-64K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $242K · Expenses $272K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $53K
Net-asset ratio
Net assets $-64K · Total assets $53K
-120%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $53K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sue Fires · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $272K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $199K · Total expenses $272K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Accounting fee ratio 0.9%

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 · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$115K

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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)$277K revenue · ⤓ 990 PDF
FY2023$245K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$273K revenue · ⤓ 990 PDF
FY2020$277K revenue · ⤓ 990 PDF
FY2019$242K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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