Next Chapter Foundation
Nonprofit profile at a glance
- EIN
- 831067193
- IRS 990 coverage
- 2021–2023
- Forms available
- Form 990 2023, Form 990-EZ 2020, Form 990-N 2020
- Location
- Tacoma, WA, USA
- Phone
- 2533106290
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $521,670
- Expenses
- $459,733
- Assets
- $2,622,268
- Liabilities
- $2,462,116
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- LAURA ETSCHEID (PRESIDENT)
People named in this filing
- KATHRYN HEDRICK (BOARD MEMBER)
- LAURA ETSCHEID (PRESIDENT)
- MARK MELSNESS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide a safe and supportive place to live for pregnant women, single mothers, and their children who are experiencing homelessness in pierce county, while helping them address their individual barriers to housing. Provide education, opportunities, and tools for women to find permanent housing and achieve self-sufficiency.
What it reported doing in 2023
We are thrilled to report that monique (mo) patterson participated in a 16-week program at the university of Washington tacoma to become a trainer and provider of an intensive parenting class. She will be able to offer the program to next chapter mothers (after she completes an additional ten weeks of intensive training). All mothers with children in either foster care or kinship care are required to participate in this program. However, there are not many providers (and none at homeless shelters) offering this rigorous training. Mo reports the training is targeted to mothers of children 0 to 3 years of age in order to teach mothers to observe cues in very young children that will help the mothers better understand their children's behavior. The training is intended to teach and show mothers how not to get overwhelmed; and provides them with the insights to praise their children when they do well, and comfort their young ones when they need empathy. Next chapter's preference is to reunite mothers with their children whenever safe to do so. Once mo (and later, tiffany) is trained, they will receive a stipend of $5,000 to $8,000 which will help support next chapter's work allowing us a new revenue stream.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 86
- Accountability: 30
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.2%; rating input score 51
- Program expense ratio: 58.1%; rating input score 58
- Fundraising efficiency: $18.92 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th 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: 0%; rating input score 0; 4th 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: 11.9%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 5.7; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 16.2% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 36.5% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 111.6% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 51.2% of revenue deployed · 58.1% of spending went to programs
- Governance: 0 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $267K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Financial Efficiency: Fundraising efficiency scored 57/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 7/100.