Overview
What is Newtrax Inc?
Newtrax Inc, based in White Bear Lake, Minnesota, is a nonprofit organization dedicated to enhancing the capabilities of various charitable entities. Their primary mission is to ensure safe, accessible, and reliable transportation for over 500 clients affiliated with Merrick, Inc., PAI, and other partner organizations. By maximizing operational efficiencies, they aim to reduce expenses and maintain services, even in the face of anticipated decreased government reimbursement. Newtrax also fosters strategic collaborations, increasing each organization's potential to serve their respective clientele. In response to the COVID-19 pandemic, Newtrax expanded its services to include food distribution, addressing the needs of those in the community. The organization employs 103 individuals, working towards the collective goal of improving community health and well-being.
Official website here: www.newtrax.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
Newtrax Inc demonstrates a solid performance in accountability and finance with an overall score of 77%, which reflects a commendable commitment to transparency and responsible fiscal management. The organization excels in several areas, including having no material diversion of assets and a high program expense ratio of 89.75%, indicating that a significant majority of its funds are allocated towards its mission-driven programs.
However, there are notable limitations in its governance practices. The lack of a whistleblower policy and a document retention and destruction policy received zero points, which raises concerns about the organization's internal controls and employee protections. Despite these gaps, Newtrax Inc maintains a good standing in other financial accountability metrics, providing a reliable framework for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Newtrax Inc legitimate?
Newtrax Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newtrax Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $139,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,261,201
For more financial information, click here
Official website here: www.newtrax.org
What is the mission statement of Newtrax Inc?
Newtrax Inc's mission is to enhance the capabilities of its member organizations to accomplish their charitable goals more efficiently. This is achieved by ensuring safe, accessible, and reliable transportation, maximizing operational efficiencies, fostering strategic collaborations, and contributing to the community's well-being. In response to the COVID-19 pandemic, Newtrax expanded its services beyond traditional group transportation for adults with intellectual and developmental disabilities and seniors, providing food distribution to those in need. The organization has provided over 1,100 rides to its clients on approximately 250 days.
Official website here: www.newtrax.org
Who is the CEO of Newtrax Inc?
Mike Greenbaum is the Chair of Newtrax Inc.
Official website here: www.newtrax.org
What is the revenue of Newtrax Inc?
Newtrax Inc's revenue in 2022 was $4,771,410.
Official website here: www.newtrax.org
Who are the executives of Newtrax Inc and what are their salaries?
The average compensation at Newtrax Inc during 2022 was $23,310. There are 103 employees and 20 volunteers at Newtrax Inc.
Here are 6 key members and their salaries:
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- Compensation: $104,190
- Related: $0
- Other: $18,015
Official website here: www.newtrax.org
Where can I find the form 990 for Newtrax Inc?
Newtrax Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newtrax.org
Learn more at the official website: www.newtrax.org
Mission Statement of Newtrax Inc
Newtrax Inc, a nonprofit organization, aims to amplify the charitable missions of its member organizations by enhancing their effectiveness and efficiency. This is achieved by fostering strategic collaborations that can maximize each organization's capacity to serve their respective clientele. By working together, Newtrax Inc contributes to the overall well-being of communities by reducing the number of vehicles on the road and minimizing vehicle emissions.
Beyond its primary objectives, Newtrax Inc has shown its adaptability during the COVID-19 pandemic. The organization extended its services beyond its typical group transportation for individuals with intellectual and developmental disabilities and seniors. Newtrax Inc started offering food distribution to those in need, responding to the unique challenges posed by the pandemic. This initiative saw Newtrax Inc providing over 1,100 rides to clients on approximately 250 days.
In summary, Newtrax Inc serves as a catalyst for growth and cooperation among its member organizations, empowering them to achieve their goals more effectively. By promoting strategic collaborations, they contribute to the betterment of communities while also addressing pressing needs during times of crisis.
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Impact
October, 2024
Newtrax Inc has made a significant impact on its community by ensuring safe, accessible, and reliable transportation for over 500 clients from various partner organizations such as Merrick, Inc. and PAI. Through strategic operational improvements, Newtrax focuses on maximizing efficiency, which helps reduce expenses and stabilizes services in an environment of diminishing government reimbursement.
By developing collaborations among different organizations, Newtrax enhances the collective capacity to deliver essential services to their respective clients effectively. This approach not only strengthens individual organizations but also contributes to the overall health and well-being of the community by reducing vehicle congestion and lowering emissions.
In response to the challenges posed by the COVID-19 pandemic, Newtrax expanded its services beyond typical transportation, highlighting its adaptability and commitment to community needs. They played a vital role in food distribution, providing over 1,100 rides on approximately 250 days. This expansion underscores Newtrax's dedication to addressing urgent needs and enhancing the quality of life for vulnerable populations, particularly adults with intellectual and developmental disabilities and seniors. Through these initiatives, Newtrax Inc is making a meaningful difference in the lives of many in the White Bear Lake area and beyond.
This information is meant to be a general summary of Newtrax Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $93
- Program Service Revenue: $4,307,977
- Gross Receipts: $4,771,410
Assets and Liabilities:
- Total Assets: $2,612,378
- Total Liabilities: $414,073
- Net Assets: $2,198,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSPORTATION MEMBERS
Revenue
$3,445,747
TRANSPORTATION - OTHER
Revenue
$578,353
RENTAL INCOME
Revenue
$173,671
ADMINISTRATIVE SERVICE
Revenue
$110,206
Organization Details
Founding Year
2011
Phone
(651) 789-6221Principal Officer
Mike Greenbaum
Main Address
3700 HIGHWAY 61 NORTH 100, WHITE BEAR LAKE, MN, 55110
Website
www.newtrax.orgNTEE Category
Code: P52 - Human services
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