Newfound Families: Nonprofit Profile, Financials & Form 990 (EIN 61-1516224)

Revenue by fiscal year
FY2021	$41K
FY2022	$490

Expenses by fiscal year
FY2021	$39K
FY2022	$2K

Net assets by fiscal year
FY2021	$33K
FY2022	$32K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

12 cents of each dollar spent went to programs.

12%

88%

Program services 12% · $207 Management & general 88% · $1K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Stan Phillips

President

$0Pt VII · Sec A

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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 15aYes

Programs and updates

Connects adoptive and foster families with peer support and resources.

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Provided by the organization

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3 programs · $207 · in their own filed words · FY2021

01

Provide support to adoptive and foster families

$207program expense

02

CAMPS/RETREATS for ADOPTIVE/FOSTER families

Pt IX · col B

03

Wishing tree

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$490

Ln 12

Gifts and grantsLn 1h$400

Investment incomeLn 3$90

Money outPt IX

$2K

Ln 25

Programscol B$207

Managementcol C$1K

Owns and owesPt X

$32K

net assets · Ln 32

Cash and savingsLn 1–2$30K

Total assetsLn 16$32K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$400

Noncash giftsLn 1g$400

Investment incomeLn 3$90

Total revenueLn 12$490

Assets in detailPt X, end of year

CashLn 1$30K

Cash and savings togetherLn 1–2$30K

Land, buildings, equipmentLn 10c$2K

Total assetsLn 16$32K

LiabilitiesLn 26$0

Net assetsLn 32$32K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$30K	$30K
Land, buildings, equipmentLn 10c	$3K	$2K
Total assetsLn 16	$33K	$32K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$33K	$32K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Information technologyLn 14	$345	$207	$138
OccupancyLn 16	$1K		$1K
Total functional expensesLn 25	$2K	$207	$1K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS May 12, 2023	$490	$2K	−$1K	$32K	990 PDF
FY2021Filed with the IRS May 12, 2023	$41K	$39K	$3K	$33K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $490 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $41,110$400

I-9 Program service revenue$0

I-10 Investment incomePrior year $102$90

I-11 Other revenue$0

I-12 Total revenuePrior year $41,212$490

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $19,840$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,662$1,663

I-18 Total expensesPrior year $38,502$1,663

I-19 Revenue less expensesPrior year $2,710−$1,173

Part VI · Governance 1 of 1 board members independent, no flags

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $490 across 5 lines filed

VIII-1f All other contributions, gifts and grants$400

VIII-1g Noncash contributions (included above)$400

VIII-1h Total contributions, gifts and grants$400

VIII-3 Investment incomeExcluded from tax $90$90

VIII-12 Total revenueExcluded from tax $90$490

Part IX · Statement of functional expenses $1,663 across 2 lines filed

IX-14 Information technologyPrograms $207 · Management $138$345

IX-16 OccupancyManagement $1,318$1,318

IX-25 Total functional expensesPrograms $207 · Management $1,456 · Fundraising $0$1,663

Part X · Balance sheet $31,919 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $30,082$29,709

X-10c Land, buildings and equipment, netStart of year $2,599$2,210

X-16 Total assetsStart of year $33,481$31,919

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $33,481$31,919

X-32 Total net assets or fund balancesStart of year $33,481$31,919

X-33 Total liabilities and net assetsStart of year $33,481$31,919

Part XI · Reconciliation of net assets $31,919 net assets at year end

XI-1 Total revenue$490

XI-2 Total expenses$1,663

XI-3 Revenue less expenses−$1,173

XI-4 Net assets at start of year$33,481

XI-9 Other changes in net assets−$389

XI-10 Net assets at end of year$31,919

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

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