philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

New Ventures INC FY2024 filing

Tax-deductible

Lagrange, GA501(c)(3)Since 1978Employment EIN 58-1124234Revenue $3.4M in FY2024

On file with the IRSnewventures.org150 Lukken Industrial Dr E, 30241-5919 · Lagrange, GATax-exempt since Jun 1972Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
86¢ of each $1 spent went to programs.
$95K 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

FY2024 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
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
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
$387K
8% of total assets
Looks good: liabilities are 8% 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
$3.4M
-34% vs prior year
Spent
$3.9M
To programs
86%
Net assets
$4.2M
By yearFY2021–FY2025
Revenue
$3.4M
FY2024▼ -34%
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
$3.9M
FY2024▼ -3%
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
$4.2M
FY2024▼ -10%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

86 cents of each dollar spent went to programs.

Program services 86% · $3.3M Management & general 14% · $547K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Mike Wilson
Executive Di
$95,369Pt VII · Sec A
$0Pt VII · Sec A
Jane Hollis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Kegel
Chairman
$0Pt VII · Sec A
Clara Brown
Director
$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 →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. New Ventures INC sees how many people are interested.

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

Provided by the organization

Know this org? Add your story

3 programs · $3.3M · in their own filed words · FY2023
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.

$3.1Mprogram 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…

$147Kprogram 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.

$68Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$2.7M
Other incomeLn 4–11$443K
Gifts and grantsLn 1h$277K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.3M
Managementcol C$547K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$643K
Total assetsLn 16$4.6M
LiabilitiesLn 26$387K
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$277K
Government grantsLn 1e$44K
Noncash giftsLn 1g$69K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$8K
Other incomeLn 4–11$443K
Gains on assetsLn 7−$2K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$358K
SavingsLn 2$285K
Cash and savings togetherLn 1–2$643K
InvestmentsLn 11–13$253K
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$88K
Total assetsLn 16$4.6M
LiabilitiesLn 26$387K
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 555
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$643K
InvestmentsLn 11–13$253K
Land, buildings, equipmentLn 10c$2.7M$3.3M
Total assetsLn 16$5.2M$4.6M
LiabilitiesLn 26$436K$387K
Net assetsLn 32$4.7M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M$1.5M$244K
Pension plan contributionsLn 8$9K$8K$2K
Other employee benefitsLn 9$85K$51K$34K
Payroll taxesLn 10$122K$107K$14K
Accounting feesLn 11c$28K$23K$5K
Other fees for servicesLn 11g$52K$40K$11K
Advertising and promotionLn 12$23K$8K$14K
Office expensesLn 13$22K$8K$14K
Information technologyLn 14$6K$3K$4K
OccupancyLn 16$142K$107K$36K
TravelLn 17$21K$8K$13K
InterestLn 20$7K$5K$2K
Depreciation, depletion and amortizationLn 22$218K$176K$42K
InsuranceLn 23$148K$113K$35K
Other expenses (24a–d)Ln 24$1.1M$1.0M$15K
All other expensesLn 24e$161K$98K$63K
Total functional expensesLn 25$3.9M$3.3M$547K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.8M$3.5M−$762K$3.5M 990 PDF
FY2024 Viewing $3.4M$3.9M−$471K$4.2M 990 PDF
FY2023 $5.1M$4.0M$1.1M$4.7M 990 PDF
FY2022 $4.6M$3.7M$879K$3.6M 990 PDF
FY2021 $4.7M$4.2M$478K$2.7M 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $3,380,639 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,753,835$276,549
I-9 Program service revenuePrior year $2,692,803$2,652,255
I-10 Investment incomePrior year $85$8,396
I-11 Other revenuePrior year $672,396$443,439
I-12 Total revenuePrior year $5,119,119$3,380,639
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,959,459$1,962,967
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,015,646$1,888,724
I-18 Total expensesPrior year $3,975,105$3,851,691
I-19 Revenue less expensesPrior year $1,144,014−$471,052
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 $3,380,639 across 12 lines filed
Lines not itemized here account for $42,962 of total revenue; see the IRS return.
VIII-1d Related organizations$120,000
VIII-1e Government grants$43,693
VIII-1f All other contributions, gifts and grants$112,856
VIII-1g Noncash contributions (included above)$69,206
VIII-1h Total contributions, gifts and grants$276,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,609,293$2,609,293
VIII-3 Investment incomeExcluded from tax $10,358$10,358
VIII-6 Net rental income or lossExcluded from tax $83,432$83,432
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,962−$1,962
VIII-8 Net income from fundraising events$1,139
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $358,868$358,868
VIII-12 Total revenueRelated to mission $3,009,161 · Excluded from tax $93,790$3,380,639
Part IX · Statement of functional expenses $3,851,691 across 16 lines filed
IX-7 Other salaries and wagesPrograms $1,503,470 · Management $243,601$1,747,071
IX-8 Pension plan contributionsPrograms $7,615 · Management $1,672$9,287
IX-9 Other employee benefitsPrograms $51,125 · Management $33,698$84,823
IX-10 Payroll taxesPrograms $107,291 · Management $14,495$121,786
IX-11c Accounting feesPrograms $23,398 · Management $4,963$28,361
IX-11g Other fees for servicesPrograms $40,430 · Management $11,125$51,555
IX-12 Advertising and promotionPrograms $8,149 · Management $14,461$22,610
IX-13 Office expensesPrograms $8,022 · Management $14,241$22,263
IX-14 Information technologyPrograms $2,805 · Management $3,590$6,395
IX-16 OccupancyPrograms $106,505 · Management $35,696$142,201
IX-17 TravelPrograms $7,633 · Management $13,426$21,059
IX-20 InterestPrograms $4,925 · Management $1,602$6,527
IX-22 Depreciation, depletion and amortizationPrograms $176,181 · Management $42,228$218,409
IX-23 InsurancePrograms $113,476 · Management $34,521$147,997
IX-24 Other expenses (24a–d)Programs $1,045,601 · Management $14,873$1,060,474
IX-24e All other expensesPrograms $97,721 · Management $63,152$160,873
IX-25 Total functional expensesPrograms $3,304,347 · Management $547,344 · Fundraising $0$3,851,691
Part X · Balance sheet $4,631,422 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,738,615$357,614
X-2 Savings and temporary cash investmentsStart of year $135,660$285,367
X-4 Accounts receivableStart of year $230,975$259,580
X-8 Inventories for sale or useStart of year $135,572$116,230
X-9 Prepaid expenses and deferred chargesStart of year $15,792$6,530
X-10c Land, buildings and equipment, netStart of year $2,718,235$3,253,712
X-11 Publicly traded securities$253,375
X-14 Intangible assetsStart of year $28,307$11,324
X-15 Other assetsStart of year $146,850$87,690
X-16 Total assetsStart of year $5,150,006$4,631,422
X-17 Accounts payable and accrued expensesStart of year $304,071$170,274
X-25 Other liabilitiesStart of year $74,561$118,179
X-26 Total liabilitiesStart of year $435,907$386,733
X-27 Net assets without donor restrictionsStart of year $4,714,099$4,243,074
X-28 Net assets with donor restrictions$1,615
X-32 Total net assets or fund balancesStart of year $4,714,099$4,244,689
X-33 Total liabilities and net assetsStart of year $5,150,006$4,631,422
Part XI · Reconciliation of net assets $4,244,689 net assets at year end
XI-1 Total revenue$3,380,639
XI-2 Total expenses$3,851,691
XI-3 Revenue less expenses−$471,052
XI-4 Net assets at start of year$4,714,099
XI-5 Net unrealized gains (losses) on investments$1,642
XI-10 Net assets at end of year$4,244,689

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.