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New Ventures INC FY2022 filing

Tax-deductible

Lagrange, GA501(c)(3)Since 1978Employment EIN 58-1124234Revenue $4.6M in FY2022Latest return filed May 15, 2026

On file with the IRSnewventures.orgLagrange, GATax-exempt since Jun 1972Publicly supported charity — 170(b)(1)(A)(vi)

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Founded in 1971, New Ventures, INC. Has been serving troup county for 50 years initially serving as a sheltered workshopfor the west georgia area, we provided work programs and leisure activities for adults with developmental disabilities. Inresponse to community needs, our programs expanded to include work evaluation, work adjustment, sheltered employment,and job placement. Many years later, the job training program expanded again to serve individuals with other barriers toemployment. Other barriers to employment may include, but are not limited to, homelessness, lack of education, lack of workexperience, lack of transportation, criminal history, etc. The expansion in services led to the establishment of our mission,New Ventures, INC. Is a training company that teaches necessary skills for successful employment.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $254K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $127K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$374K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
-1% vs prior year
Spent
$3.7M
To programs
76%
Net assets
$3.6M
By yearFY2021–FY2025
Revenue
$4.6M
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.7M
FY2022$4.6M
FY2023$5.1M
FY2024$3.4M
FY2025$2.8M
Expenses
$3.7M
FY2022▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.2M
FY2022$3.7M
FY2023$4.0M
FY2024$3.9M
FY2025$3.5M
Net assets
$3.6M
FY2022▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.7M
FY2022$3.6M
FY2023$4.7M
FY2024$4.2M
FY2025$3.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1972.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $2.8M Management & general 24% · $895K

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

9 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Mike Wilson
Executive Di
$88,242Pt VII · Sec A
David Kegel
Vice-Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mike Wilson’s $82K as Executive Director is at the 15th percentile of top reported officer pay among 1245 $1–10M employment 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mike Wilson$82,452$95,369$92,956$88,242$96,257

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 Ventures INC executive salaries →

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

Helps people with disabilities find and keep jobs.

Questions for New Ventures INC

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Your first name shows with your question. New Ventures INC answers here, for everyone.

3 programs · $2.8M · in their own filed words · FY2021
01

To provide training and employment opportunities to individuals who need long term support whether working in-house or off-site in a supervised temporary commercial placement location.

$2.5Mprogram expense
02

We provide a nuturing environment for women and children seeking recovery- support services for trauma, mental illness, or substance abuse. Combining individualized care and a compassionate, trauma-responsive community, the calumet center for healing and attachment advocates for hope, new possibilities, and the enduring spirit of faith…

$244Kprogram expense
03

To provide assistance to individuals with barriers to employment, by relying on industrial businesses in the lagrange-troup county area to obtain outsourcing that is used as pre-employment training.

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
New Ventures Enterprises INCFY2024$127K
Total grants receivedfrom 1 funder$127K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$2.8M
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$396K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.8M
Managementcol C$895K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.9M
LiabilitiesLn 26$374K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$962
Noncash giftsLn 1g$50K
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$396K
Other incomeLn 4–11$73K
Gains on assetsLn 7$395K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$853K
SavingsLn 2$223K
Cash and savings togetherLn 1–2$1.1M
Accounts receivableLn 4$288K
Inventories for sale or useLn 8$121K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$667K
Total assetsLn 16$3.9M
LiabilitiesLn 26$374K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 555
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$50K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.3M$1.1M
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$4.1M$3.9M
LiabilitiesLn 26$1.4M$374K
Net assetsLn 32$2.7M$3.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M$1.3M$423K
Pension plan contributionsLn 8$9K$7K$2K
Other employee benefitsLn 9$86K$48K$38K
Payroll taxesLn 10$149K$112K$37K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$95K$21K$73K
Advertising and promotionLn 12$12K$1K$10K
Office expensesLn 13$21K$9K$12K
Information technologyLn 14$6K$1K$5K
OccupancyLn 16$109K$88K$21K
TravelLn 17$16K$3K$13K
InterestLn 20$22K$17K$5K
Depreciation, depletion and amortizationLn 22$171K$96K$75K
InsuranceLn 23$70K$33K$37K
Other expenses (24a–d)Ln 24$964K$956K$8K
All other expensesLn 24e$230K$123K$108K
Total functional expensesLn 25$3.7M$2.8M$895K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $2.8M$3.5M−$762K$3.5M 990 PDF
FY2024Filed with the IRS Nov 5, 2024 $3.4M$3.9M−$471K$4.2M 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $5.1M$4.0M$1.1M$4.7M 990 PDF
FY2022 ViewingFiled with the IRS Feb 22, 2023 $4.6M$3.7M$879K$3.6M 990 PDF
FY2021Filed with the IRS Oct 12, 2021 $4.7M$4.2M$478K$2.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,611,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $830,978$1,341,737
I-9 Program service revenuePrior year $3,813,572$2,801,449
I-10 Investment incomePrior year −$3,691$395,511
I-11 Other revenuePrior year $36,320$72,748
I-12 Total revenuePrior year $4,677,179$4,611,445
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,470,170$1,988,767
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,728,618$1,743,505
I-18 Total expensesPrior year $4,198,788$3,732,272
I-19 Revenue less expensesPrior year $478,391$879,173
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,611,445 across 10 lines filed
Lines not itemized here account for $6,294 of total revenue; see the IRS return.
VIII-1d Related organizations$875,268
VIII-1e Government grants$962
VIII-1f All other contributions, gifts and grants$465,507
VIII-1g Noncash contributions (included above)$50,237
VIII-1h Total contributions, gifts and grants$1,341,737
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,795,155$2,795,155
VIII-3 Investment incomeExcluded from tax $312$312
VIII-6 Net rental income or lossExcluded from tax $72,748$72,748
VIII-7 Net gain or loss on sales of assetsRelated to mission $395,199$395,199
VIII-12 Total revenueRelated to mission $3,196,648 · Excluded from tax $73,060$4,611,445
Part IX · Statement of functional expenses $3,732,272 across 17 lines filed
IX-7 Other salaries and wagesPrograms $1,322,086 · Management $422,507$1,744,593
IX-8 Pension plan contributionsPrograms $6,735 · Management $2,127$8,862
IX-9 Other employee benefitsPrograms $48,292 · Management $37,884$86,176
IX-10 Payroll taxesPrograms $111,752 · Management $37,384$149,136
IX-11b Legal feesManagement $6,436$6,436
IX-11c Accounting feesManagement $20,962$20,962
IX-11g Other fees for servicesPrograms $21,448 · Management $73,247$94,695
IX-12 Advertising and promotionPrograms $1,369 · Management $10,149$11,518
IX-13 Office expensesPrograms $8,839 · Management $12,023$20,862
IX-14 Information technologyPrograms $1,418 · Management $4,563$5,981
IX-16 OccupancyPrograms $88,444 · Management $20,851$109,295
IX-17 TravelPrograms $3,234 · Management $12,793$16,027
IX-20 InterestPrograms $16,863 · Management $5,325$22,188
IX-22 Depreciation, depletion and amortizationPrograms $95,744 · Management $75,227$170,971
IX-23 InsurancePrograms $32,560 · Management $37,096$69,656
IX-24 Other expenses (24a–d)Programs $956,048 · Management $8,406$964,454
IX-24e All other expensesPrograms $122,699 · Management $107,761$230,460
IX-25 Total functional expensesPrograms $2,837,531 · Management $894,741 · Fundraising $0$3,732,272
Part X · Balance sheet $3,943,756 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $508,331$852,975
X-2 Savings and temporary cash investmentsStart of year $805,444$222,651
X-4 Accounts receivableStart of year $381,402$287,956
X-8 Inventories for sale or useStart of year $163,428$120,928
X-9 Prepaid expenses and deferred chargesStart of year $10,598$11,352
X-10c Land, buildings and equipment, netStart of year $1,997,093$1,781,296
X-15 Other assetsStart of year $95,892$666,598
X-16 Total assetsStart of year $4,082,893$3,943,756
X-17 Accounts payable and accrued expensesStart of year $305,267$222,911
X-23 Secured mortgages and notes payableStart of year $1,086,714$150,760
X-26 Total liabilitiesStart of year $1,391,981$373,671
X-27 Net assets without donor restrictionsStart of year $2,489,997$3,567,609
X-28 Net assets with donor restrictionsStart of year $200,915$2,476
X-32 Total net assets or fund balancesStart of year $2,690,912$3,570,085
X-33 Total liabilities and net assetsStart of year $4,082,893$3,943,756
Part XI · Reconciliation of net assets $3,570,085 net assets at year end
XI-1 Total revenue$4,611,445
XI-2 Total expenses$3,732,272
XI-3 Revenue less expenses$879,173
XI-4 Net assets at start of year$2,690,912
XI-10 Net assets at end of year$3,570,085

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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