New Leaf Initiative

Nonprofit profile at a glance

EIN
273653550
IRS 990-EZ coverage
2013–2020
Forms available
Form 990-EZ 2020, Form 990-N 2012
Location
State College, PA, USA
Phone
8142067616
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$34,547
Expenses
$57,944
Assets
$81,206
Liabilities
$26,700

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

Leadership & pay

4 people listed

Executive titles in this filing

  • ABIGAIL GAFFRON (EXECUTIVE DIRECTOR)

People named in this filing

  • HEIDI WRIGHTS (CHAIR)
  • JAMES DELATTRE (INTERIM)
  • DREW WETZEL (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To host and animate a community hub for collaboration, creativity, and co-creation that nurtures transformational ideas from conception to implementation.

What it reported doing in 2020

New leaf initiative fosters the growth of vibrant, tight-knit and empowered intergenerational communitites who share a passion for positive social change with the purpose of unleashing our community's collective impact for innovation. New leaf built off of the 2014 launch of its coworking community by increasing the numbers of community members and events engaging the space.

Operating model

Revenue model
Membership-supported. 60% of the money available for current operations came from membership dues.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 78.6%; rating input score 79

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -67.7%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.4; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 63%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 49th percentile among comparable filings
  • Revenue growth: -12.3% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -4.4% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 78.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $46K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2013 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.