New Generation Inc

Nonprofit profile at a glance

EIN
020409655
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
Greenland, NH, USA
Phone
6034364989
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services for Adolescent Parents

Official website

Reported finances

Revenue
$682,495
Expenses
$524,175
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Julie Bailey (President)
  • Elsy Ciprani (Executive Director (start Jan 2021))

Highest reported compensation

  • Jennifer Stout (Director): $1,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We provide a safe, family-oriented shelter for homeless pregnant women and mothers with babies and children, helping to prepare and empower them to be successful in life.

What it reported doing in 2020

Operations of a thrift shop located in Greenland, New Hampshire. Merchandise is donated by the public. Staffing is both paid employees and volunteers. Residents also work in the shops.Total gross receipts from the thrift shop during the fiscal year were $135,256 and related expenses totaled $92,573, resulting in a net gain of $42,682. IRS filing instructions stipulate that donations are to be reported on Form 990, Part VIII, Line 1, and a significant portion of New Generation's revenue related to the thrift shop is contributed noncash items. Therefore, the organization's program service revenue related to the operation of its thrift shops as shown in Part III and Part VIII is net of $86,857 of reallocated cash and in-kind donations. This reallocation presents as a loss of $44,174.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 92
  • Accountability: 80
  • Sustainability: 43
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.7%; rating input score 52
  • Program expense ratio: 70.2%; rating input score 70
  • Fundraising efficiency: $12.9 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 23.2%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.3%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: -10.7% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -7.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 51.7% of revenue deployed · 70.2% of spending went to programs
  • Governance: 6 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $368K in reported program spending
  • Leadership: top reported pay $2K · 8 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.