New Dimensions Development Foundation INC FY2020 filing

Tax-deductible

Jackson, MS501(c)(3)EIN 64-0800603

To promote economic development for the residents of mid-town jackson, mississippi.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$24K 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
98%
of spending
Looks good: 98% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$24K
to officers and key staff · 6% of spending
Looks good: leaders' pay is 6% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
1 mo
of spending, in cash
Worth a look: 1.2 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $10K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$63K
liabilities
Looks good: debts are 20% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$430K
Spent
$403K
To programs
98%
Net assets
$256K
By yearFY2020–FY2024
Revenue
$430K
FY2020
Revenue by fiscal year
FY2020$430K
FY2021$338K
FY2022$321K
FY2023$375K
FY2024$358K
Expenses
$403K
FY2020
Expenses by fiscal year
FY2020$403K
FY2021$331K
FY2022$313K
FY2023$328K
FY2024$364K
Net assets
$256K
FY2020
Net assets by fiscal year
FY2020$256K
FY2021$263K
FY2022$270K
FY2023$317K
FY2024$311K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CNew Dimensions Development Foundation INC
EINHdr · item D64-0800603
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1992
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CJackson, MS
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$394K
Management & general2%$9K
Total functional expensesLn 25$403K

Financial health

Is it on solid ground?

Program efficiency
98%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$320K
FY2020
Total assets by fiscal year
FY2020$320K
FY2021$282K
FY2022$279K
FY2023$317K
FY2024$311K
Total liabilities
$63K
FY2020
Total liabilities by fiscal year
FY2020$63K
FY2021$18K
FY2022$9K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$320K
Total liabilitiesLn 26$63K
Total net assetsLn 32$256K
Months of cash on handcomputed1.2

Statement of Revenue

Part VIII
Contributions & grants$245K · 57%
Program service revenue$183K · 43%
Contributions & grants57%$245K
Program service revenue43%$183K
Other revenue$2K
— government grantsLn 1e$239K
Total revenueLn 12$430K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41K · Operating expenses/yr $403K
1.2 months
Where the money goes
Program services
Program services $394K · Total expenses $403K
98%
Management & General
Management & general $9K · Total expenses $403K
2%
Fundraising
Fundraising $0 · Total expenses $403K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $245K · Total revenue $430K
57%
Government reliance
Government grants $239K · Total revenue $430K
56%
Earned-income share
Program service revenue $183K · Total revenue $430K
43%
Investment reliance
Investment income $0 · Total revenue $430K
0%
Program self-sufficiency
Program service revenue $183K · Total expenses $403K
46%
Growth & trend
Revenue growth (YoY)
This year $430K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $256K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $430K · Expenses $403K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
—
Net-asset ratio
Net assets $256K · Total assets $320K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $320K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Betty Mcgowan-Robinson · Reported title DIRECTOR OF OPERATIONS · Highest reported compensation $24K · Total expenses $403K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $403K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Operations
$24,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Betty Mcgowan-Robinson$28,176$28,272$27,160$46,422$24,000

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.

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Boosts economic growth for Midtown Jackson, Mississippi residents.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2020.
01

The purpose of the organization is to promote, through education and leadership, economic development for the residents of mid-town jackson, MS. The organization operates a shelter for homeless women with children called "lizzie's house and a food pantry for the homeless.

$394Kprogram expense

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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
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $358K$364K-5% 990 PDF
FY2023 $375K$328K+17% 990 PDF
FY2022 $321K$313K-5% 990 PDF
FY2021 $338K$331K-21% 990 PDF
FY2020 Viewing $430K$403K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $402,538 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,000$24,000
IX-7 Other salaries and wagesPrograms $30,657$30,657
IX-10 Payroll taxesPrograms $4,528$4,528
IX-11c Accounting feesManagement $3,225$3,225
IX-20 InterestPrograms $2,466$2,466
IX-22 Depreciation, depletion and amortizationPrograms $5,594$5,594
IX-23 InsurancePrograms $5,429 · Management $1,810$7,239
IX-24 Other expenses (24a–d)Programs $303,894$303,894
IX-24e All other expensesPrograms $17,059 · Management $3,876$20,935
IX-25 Total functional expensesPrograms $393,627 · Management $8,911 · Fundraising $0$402,538

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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