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New Communities INC FY2020 filing

Not tax-deductible

Albany, GA501(c)(4) EIN 58-1076838Revenue $915K in FY2020

On file with the IRSPo Box 4869, 31706-4869 · Albany, GATax-exempt since Aug 1970

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To combat rural poverty

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
35¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $404K a year · 70% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$915K
Spent
$1.2M
To programs
35%
Net assets
$6.3M
By yearFY2020–FY2022
Revenue
$915K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$915K
FY2021$428K
FY2022$392K
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$673K
Net assets
$6.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$5.7M
FY2022$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Aug 1970.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $421K Management & general 65% · $781K

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

7 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
$60,000Pt VII · Sec A
$60,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Jones
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Shirley Sherrod$60,000$60,000$60,000
Charles Sherrod—$60,000$60,000

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 New Communities INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

New Communities INC is a membership association based in Albany, GA.

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Provided by the organization

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1 program · $232K · in their own filed words · FY2020
01

Grantmaking to support agricultural cooperatives and other organizations serving impoverished rural areas.

$232Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$915K
Ln 12
Gifts and grantsLn 1h$479K
Other incomeLn 4–11$402K
Investment incomeLn 3$33K
Money outPt IX
$1.2M
Ln 25
Programscol B$421K
Managementcol C$781K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$6.3M
LiabilitiesLn 26$10K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$479K
Government grantsLn 1e$194K
Investment incomeLn 3$33K
Other incomeLn 4–11$402K
Total revenueLn 12$915K
Assets in detailPt X, end of year
CashLn 1$264K
Cash and savings togetherLn 1–2$264K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$4.9M
Total assetsLn 16$6.3M
LiabilitiesLn 26$10K
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 57
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$40K$264K
InvestmentsLn 11–13$1.4M$1.2M
Land, buildings, equipmentLn 10c$5.0M$4.9M
Total assetsLn 16$6.4M$6.3M
LiabilitiesLn 26$4K$10K
Net assetsLn 32$6.4M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$281K$281K
Other employee benefitsLn 9$29K$29K
Payroll taxesLn 10$21K$21K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$238K$238K
Office expensesLn 13$4K$4K
OccupancyLn 16$120K$112K$8K
TravelLn 17$4K$4K
InterestLn 20$153$153
Depreciation, depletion and amortizationLn 22$94K$77K$17K
InsuranceLn 23$73K$73K
Other expenses (24a–d)Ln 24$308K$232K$75K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$1.2M$421K$781K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $392K$673K−$281K$0 990 PDF
FY2021 $428K$1.1M−$645K$5.7M 990 PDF
FY2020 Viewing $915K$1.2M−$288K$6.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $914,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $278,261$479,287
I-9 Program service revenue$0
I-10 Investment incomePrior year $74,977$33,411
I-11 Other revenuePrior year $79,122$401,869
I-12 Total revenuePrior year $432,360$914,567
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $375,245$330,807
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $789,852$871,508
I-18 Total expensesPrior year $1,165,097$1,202,315
I-19 Revenue less expensesPrior year −$732,737−$287,748
Part VI · Governance 5 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $914,567 across 6 lines filed
Lines not itemized here account for $3,299 of total revenue; see the IRS return.
VIII-1e Government grants$193,771
VIII-1f All other contributions, gifts and grants$285,516
VIII-1h Total contributions, gifts and grants$479,287
VIII-3 Investment incomeRelated to mission $33,411$33,411
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $398,570$398,570
VIII-12 Total revenueRelated to mission $435,280$914,567
Part IX · Statement of functional expenses $1,202,315 across 13 lines filed
IX-7 Other salaries and wagesManagement $281,119$281,119
IX-9 Other employee benefitsManagement $28,566$28,566
IX-10 Payroll taxesManagement $21,122$21,122
IX-11c Accounting feesManagement $15,604$15,604
IX-11g Other fees for servicesManagement $237,878$237,878
IX-13 Office expensesManagement $4,149$4,149
IX-16 OccupancyPrograms $112,010 · Management $8,431$120,441
IX-17 TravelManagement $4,058$4,058
IX-20 InterestManagement $153$153
IX-22 Depreciation, depletion and amortizationPrograms $77,258 · Management $16,582$93,840
IX-23 InsuranceManagement $72,879$72,879
IX-24 Other expenses (24a–d)Programs $232,072 · Management $75,464$307,536
IX-24e All other expensesManagement $14,970$14,970
IX-25 Total functional expensesPrograms $421,340 · Management $780,975 · Fundraising $0$1,202,315
Part X · Balance sheet $6,324,124 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $40,168$263,927
X-10c Land, buildings and equipment, netStart of year $4,971,646$4,895,942
X-11 Publicly traded securitiesStart of year $1,355,855$1,164,255
X-16 Total assetsStart of year $6,442,622$6,324,124
X-17 Accounts payable and accrued expensesStart of year $4,014$10,157
X-26 Total liabilitiesStart of year $4,014$10,157
X-27 Net assets without donor restrictionsStart of year $6,438,608$6,313,967
X-32 Total net assets or fund balancesStart of year $6,438,608$6,313,967
X-33 Total liabilities and net assetsStart of year $6,442,622$6,324,124
Part XI · Reconciliation of net assets $6,313,967 net assets at year end
XI-1 Total revenue$914,567
XI-2 Total expenses$1,202,315
XI-3 Revenue less expenses−$287,748
XI-4 Net assets at start of year$6,438,608
XI-5 Net unrealized gains (losses) on investments$163,107
XI-10 Net assets at end of year$6,313,967

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

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