Overview
What is New Moms Inc?
New Moms Inc, based in Chicago, Illinois, is a nonprofit organization that focuses on empowering young mothers to break the cycle of poverty. Their comprehensive approach includes providing job training through their Job Training Program, which combines classroom learning with practical, paid work experience in manufacturing candles at their social enterprise, Bright Endeavors. Additionally, their Academic Coaching program offers financial support and guidance to support these mothers in pursuing postsecondary education. New Moms Inc also offers housing assistance and family support, aiming to strengthen families and foster their well-being. With a team of 134 dedicated individuals, New Moms Inc is committed to helping young mothers build a brighter future for themselves and their children.
Official website here: www.newmoms.org
What are the reviews and ratings of this charity?
**:** Charity Navigator Rating 90% (Four-Star out of Four Stars )Star Rating)
New Moms Inc has demonstrated a strong commitment to accountability and finance, earning a Four-Star rating from Charity Navigator. The organization excels particularly in areas like independent governance and program expense efficiency, reflecting a solid focus on its mission to support young mothers and their children who face poverty and homelessness in Chicago. With significant scores in leadership and adaptability, New Moms Inc shows resilience and capability in adapting to the needs of its clients, such as developing innovative coaching tools based on participant feedback.
While the organization’s overall ratings are impressive, there are noted limitations in certain areas, most specifically in fundraising efficiency, where it scored lower. This could suggest challenges in attracting diverse funding sources or managing fundraising campaigns effectively. Nevertheless, New Moms Inc's high program expense ratio highlights its effective use of resources to maximize impact for those it serves.
Unfortunately, user reviews from GreatNonprofits were unavailable for this organization, so additional insights from the community could not be included. Nonetheless, the strong metrics provided by Charity Navigator suggest that New Moms Inc is making a significant positive difference in its target community.
This AI summary has been generated from information found on Charity Navigator.
Is New Moms Inc legitimate?
New Moms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Moms 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: $353,657
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,835,306
For more financial information, click here
Official website here: www.newmoms.org
What is the mission statement of New Moms Inc?
New Moms Inc's mission is centered around breaking the cycle of poverty for future generations. They accomplish this by providing support to young mothers, focusing on three key areas: stable housing, job training, and family assistance. Through their Job Training Program, they equip young mothers with necessary skills for securing permanent employment, offering a blend of classroom instruction and practical, on-the-job experience at their social enterprise, Bright Endeavors. Additionally, their Academic Coaching program aids young mothers in pursuing higher education, providing monthly stipends and coaching as they work towards degrees, ultimately fostering economic mobility.
Official website here: www.newmoms.org
Who is the CEO of New Moms Inc?
Laura Zumdahl is the Chair of New Moms Inc. The CEO's salary of New Moms Inc is $180,670 and their total compensation is $212,665.
Official website here: www.newmoms.org
What is the revenue of New Moms Inc?
New Moms Inc's revenue in 2022 was $7,338,720.
Official website here: www.newmoms.org
Who are the executives of New Moms Inc and what are their salaries?
The average compensation at New Moms Inc during 2022 was $23,798. There are 134 employees and 282 volunteers at New Moms Inc.
Here are 23 key members and their salaries (New Moms Inc's CEO's salary is $180,670 and their total compensation is $212,665):
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- Compensation: $180,670
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- Other: $12,733
Official website here: www.newmoms.org
Where can I find the form 990 for New Moms Inc?
New Moms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmoms.org
Learn more at the official website: www.newmoms.org
Mission Statement of New Moms Inc
New Moms Inc, a nonprofit organization, is committed to breaking the cycle of poverty for two generations. They achieve this mission by providing support to young mothers, helping them secure stable housing, acquire job skills, and build strong family structures. The nonprofit's Job Training Program is a crucial component of this mission. It equips young mothers with the necessary skills to secure quality, permanent employment. This program combines classroom instruction with practical, hands-on experience, allowing participants to gain valuable experience in manufacturing candles at the organization's social enterprise, Bright Endeavors.
In addition to job training, New Moms Inc offers an Academic Coaching program to assist young mothers in pursuing postsecondary education. This program provides monthly stipends and individual and group coaching, aiding these women as they work towards degrees that will ultimately help them achieve economic mobility. By offering these comprehensive services, New Moms Inc is not just providing temporary assistance but is investing in the long-term well-being and success of young mothers and their children.
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Impact
October, 2024
New Moms Inc has a significant impact on the lives of young mothers and their families in Chicago. By partnering with these young moms, the organization helps them progress toward well-being and economic stability.
The Job Training Program equips participants with essential job skills through a combination of classroom learning and hands-on experience at Bright Endeavors, a social enterprise that produces candles. This not only prepares young moms for quality, permanent employment but also instills confidence and a sense of achievement.
Additionally, the Academic Coaching program supports young mothers in their pursuit of postsecondary education, offering monthly stipends and personalized coaching. This initiative is critical in helping these women work toward degrees that improve their economic prospects and, ultimately, empower their families.
Overall, New Moms Inc plays a crucial role in breaking the cycle of poverty across generations by providing comprehensive support in stable housing, job training, and family assistance, thus fostering a brighter future for both the young mothers and their children.
This information is meant to be a general summary of New Moms 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: $2,182
- Program Service Revenue: $613,970
- Gross Receipts: $7,557,045
Assets and Liabilities:
- Total Assets: $21,133,961
- Total Liabilities: $13,431,775
- Net Assets: $7,702,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing Program
Revenue
$497,562
Consulting Program
Revenue
$116,408
Organization Details
Founding Year
1983
Phone
(773) 252-3253Principal Officer
Laura Zumdahl
Main Address
5317 W Chicago Ave, Chicago, IL, 60651
Website
www.newmoms.orgNTEE Category
Code: P450 - Human services
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