New Ventures Inc
Nonprofit profile at a glance
- EIN
- 581124234
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Lagrange, GA, USA
- Phone
- 7068827723
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $2,752,079
- Expenses
- $3,513,665
- Assets
- $4,121,850
- Liabilities
- $615,350
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MIKE WILSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- MIKE WILSON (EXECUTIVE DIRECTOR): $82,452 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in 1971, new ventures, inc. Has been serving troup county for 50 years initially serving as a sheltered workshopfor the west Georgia area, we provided work programs and leisure activities for adults with developmental disabilities. Inresponse to community needs, our programs expanded to include work evaluation, work adjustment, sheltered employment, and job placement. Many years later, the job training program expanded again to serve individuals with other barriers toemployment. Other barriers to employment may include, but are not limited to, homelessness, lack of education, lack of workexperience, lack of transportation, criminal history, etc. The expansion in services led to the establishment of our mission, new ventures, inc. Is a training company that teaches necessary skills for successful employment.
What it reported doing in 2024
We provide a nuturing environment for women and children seeking recovery- support services for trauma, mental illness, or substanceabuse. Combining individualized care and a compassionate, trauma-responsive community, the calumet center for healing and attachmentadvocates for hope, new possibilities, and the enduring spirit of faith and family. Number served in 2022/2023 - 8
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.5%; rating input score 85
- Program expense ratio: 66.9%; rating input score 67
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -27.7%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 1.17; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 5.4% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 85.5% of revenue deployed · 66.9% of spending went to programs
- Governance: 8 of 8 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2.4M in reported program spending
- Leadership: top reported pay $82K · 9 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 5/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.