New Vision Foundation FY2021 filing

Tax-deductible

Minneapolis, MN501(c)(3)InternationalEIN 81-2114563Revenue $3.5M in FY2021

On file with the IRSnu-viz.org1808 Riverside Ave Ste 210, 55454-1121 · Minneapolis, MNTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To create pathways to success by motivating disadvantaged youth in minnesota through providing coding and digital literacy classes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$91K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $32K a year · 2% 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% 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 · $46K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$287K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+379% vs prior year
Spent
$3.5M
To programs
98%
Net assets
$923K
By yearFY2020–FY2024
Revenue
$3.5M
FY2021▲ +379%
Tap a bar for its year
Revenue by fiscal year
FY2020$731K
FY2021$3.5M
FY2022$837K
FY2023$1.3M
FY2024$1.1M
Expenses
$3.5M
FY2021▲ ×10
Tap a bar for its year
Expenses by fiscal year
FY2020$344K
FY2021$3.5M
FY2022$1.1M
FY2023$1.1M
FY2024$1.3M
Net assets
$923K
FY2021▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$678K
FY2021$923K
FY2022$432K
FY2023$663K
FY2024$457K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $3.4M Management & general 1% · $36K Fundraising 1% · $34K

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

11 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$91,319Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Hussein Farah’s $119K as Executive Dir. is at the 41st percentile of top reported officer pay among 1168 $1–10M international 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

NameFY2024FY2023FY2022FY2021FY2020
Hussein Farah$119,376$103,060$102,989$91,319$91,000

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 Vision Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering disadvantaged youth in Minnesota with coding and digital skills for future success.

Questions for New Vision Foundation

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Provided by the organization

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2 programs · $3.4M · in their own filed words · FY2021
01

After-school meals program for disadvantaged children ages 0-18 years in ST paul, MN and waite park, MN

$2.9Mprogram expense
02

Coding & digital literacy classes to twin cities schools as well as greater minnesota cities of ST cloud & wilmar

$471Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$46K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$74K
Investment incomeLn 3$391
Money outPt IX
$3.5M
Ln 25
Programscol B$3.4M
Managementcol C$36K
Fundraisingcol D$34K
Owns and owesPt X
$923K
net assets · Ln 32
Cash and savingsLn 1–2$586K
Total assetsLn 16$1.2M
LiabilitiesLn 26$287K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$3.2M
Fees for servicesLn 2g$74K
Investment incomeLn 3$391
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$586K
Cash and savings togetherLn 1–2$586K
Land, buildings, equipmentLn 10c$188K
Total assetsLn 16$1.2M
LiabilitiesLn 26$287K
Net assetsLn 32$923K
OperationsPt I, VI
EmployeesI 57
VolunteersI 69
Fiscal year endsHeaderDecember
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
LineStart FY21End FY21
Cash and savingsLn 1–2$479K$586K
Land, buildings, equipmentLn 10c$49K$188K
Total assetsLn 16$734K$1.2M
LiabilitiesLn 26$57K$287K
Net assetsLn 32$678K$923K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$72K$15K$15K
Other salaries and wagesLn 7$246K$243K$1K$1K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$24K$22K$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$25K$12K$230$13K
Advertising and promotionLn 12$48K$47K$2K$50
Office expensesLn 13$12K$9K$2K$593
OccupancyLn 16$7K$5K$1K$339
TravelLn 17$8K$6K$1K$382
Depreciation, depletion and amortizationLn 22$43K$34K$6K$2K
InsuranceLn 23$3K$3K$491$158
Other expenses (24a–d)Ln 24$3.0M$2.9M$984$250
Total functional expensesLn 25$3.5M$3.4M$36K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.3M−$206K$457K 990 PDF
FY2023 $1.3M$1.1M$177K$663K 990 PDF
FY2022 $837K$1.1M−$217K$432K 990 PDF
FY2021 Viewing $3.5M$3.5M$17K$923K 990 PDF
FY2020 $731K$344K$387K$678K 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
See the full FY2021 990 (6 parts)
Part I · Summary $3,502,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $702,985$3,428,167
I-9 Program service revenuePrior year $28,228$73,530
I-10 Investment incomePrior year $0$391
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $731,213$3,502,088
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $230,640$384,274
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $113,215$3,100,987
I-18 Total expensesPrior year $343,855$3,485,261
I-19 Revenue less expensesPrior year $387,358$16,827
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $3,502,088 across 6 lines filed
VIII-1e Government grants$3,166,228
VIII-1f All other contributions, gifts and grants$261,939
VIII-1h Total contributions, gifts and grants$3,428,167
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,530$73,530
VIII-3 Investment incomeExcluded from tax $391$391
VIII-12 Total revenueRelated to mission $73,530 · Unrelated business $0 · Excluded from tax $391$3,502,088
Part IX · Statement of functional expenses $3,485,261 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,054 · Management $15,440 · Fundraising $15,440$102,934
IX-7 Other salaries and wagesPrograms $243,082 · Management $1,338 · Fundraising $1,338$245,758
IX-9 Other employee benefitsPrograms $11,442$11,442
IX-10 Payroll taxesPrograms $21,986 · Management $1,077 · Fundraising $1,077$24,140
IX-11c Accounting feesManagement $3,980$3,980
IX-11g Other fees for servicesPrograms $12,441 · Management $230 · Fundraising $12,589$25,260
IX-12 Advertising and promotionPrograms $46,697 · Management $1,650 · Fundraising $50$48,397
IX-13 Office expensesPrograms $9,476 · Management $1,778 · Fundraising $593$11,847
IX-16 OccupancyPrograms $5,433 · Management $1,212 · Fundraising $339$6,984
IX-17 TravelPrograms $6,088 · Management $1,144 · Fundraising $382$7,614
IX-22 Depreciation, depletion and amortizationPrograms $34,359 · Management $6,441 · Fundraising $2,155$42,955
IX-23 InsurancePrograms $2,592 · Management $491 · Fundraising $158$3,241
IX-24 Other expenses (24a–d)Programs $2,949,475 · Management $984 · Fundraising $250$2,950,709
IX-25 Total functional expensesPrograms $3,415,125 · Management $35,765 · Fundraising $34,371$3,485,261
Part X · Balance sheet $1,210,057 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $478,852$585,666
X-3 Pledges and grants receivableStart of year $0$101,000
X-4 Accounts receivableStart of year $116,224$317,866
X-9 Prepaid expenses and deferred chargesStart of year $90,000$17,308
X-10c Land, buildings and equipment, netStart of year $49,081$188,217
X-16 Total assetsStart of year $734,157$1,210,057
X-17 Accounts payable and accrued expensesStart of year $16,846$287,336
X-25 Other liabilitiesStart of year $39,700$0
X-26 Total liabilitiesStart of year $56,546$287,336
X-27 Net assets without donor restrictionsStart of year $677,611$9,500
X-28 Net assets with donor restrictionsStart of year $0$913,221
X-32 Total net assets or fund balancesStart of year $677,611$922,721
X-33 Total liabilities and net assetsStart of year $734,157$1,210,057
Part XI · Reconciliation of net assets $922,721 net assets at year end
XI-1 Total revenue$3,502,088
XI-2 Total expenses$3,485,261
XI-3 Revenue less expenses$16,827
XI-4 Net assets at start of year$677,611
XI-8 Prior period adjustments$228,283
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$922,721

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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