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New Life Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364710533 ✦ Derwood, MD ✦ Designated as a 501(c)(3)

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Overview

What is New Life Foundation?

The New Life Foundation, situated in Derwood, Maryland, is a dedicated nonprofit organization that operates solely for charitable and educational purposes. Its primary focus is on aiding underprivileged children by providing them with essential support in the form of tuition and meals. The foundation's mission is deeply rooted in its commitment to these children's well-being and educational opportunities.


Official website here: www.newlifemusic.org

Is New Life Foundation legitimate?

New Life Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Foundation submitted a form 990EZ, 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.


Official website here: www.newlifemusic.org

What is the mission statement of New Life Foundation?

The New Life Foundation is dedicated to serving a charitable and educational purpose, primarily focusing on assisting underprivileged children by offering tuition support and ensuring they have adequate meals. Located somewhere, the foundation operates with the goal of making a positive impact on these children's lives. The organization's mission is to provide essential resources, enabling these children to continue their education and maintain proper nutrition, thereby improving their overall well-being and opportunities for a better future.


Official website here: www.newlifemusic.org

Who is the CEO of New Life Foundation?

Steve Tae is the Executive Director of New Life Foundation.


Official website here: www.newlifemusic.org

What is the revenue of New Life Foundation?

New Life Foundation's revenue in 2022 was $47,459.


Official website here: www.newlifemusic.org

Who are the executives of New Life Foundation and what are their salaries?


Here are 4 key members and their salaries:


Michelle Cho (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hyewon Yoon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Wang (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Tae (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newlifemusic.org

Where can I find the form 990EZ for New Life Foundation?

New Life Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.newlifemusic.org

Learn more at the official website: www.newlifemusic.org

Mission Statement of New Life Foundation

The New Life Foundation, a nonprofit organization, is dedicated to serving a noble cause. Its primary focus lies in charitable and educational pursuits, specifically aimed at extending a helping hand to underprivileged children. Through its initiatives, the foundation provides essential support in two critical areas: tuition costs and meals. This assistance allows these children to continue their education, thereby opening up opportunities for a brighter future. The New Life Foundation's mission is a testament to its commitment to uplifting the lives of less fortunate children, enabling them to overcome the challenges posed by their circumstances.

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Impact




August, 2024

New Life Foundation's impact is directly improving the lives of underprivileged children by providing essential support such as tuition assistance and meal provision. Through its charitable and educational initiatives, the foundation in Derwood, MD, is making a tangible difference in the community by ensuring that children have access to education and basic necessities.




This information is meant to be a general summary of New Life Foundation. 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.

Revenue
$47,459 (2022)
Expenses
$43,922 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $41,284
  • Gross Receipts: $47,459

Assets and Liabilities:

  • Total Assets: $75,722
  • Total Liabilities: $0
  • Net Assets: $75,722

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Organization Details

Principal Officer

Steve Tae

Main Address

PO Box 5839, Derwood, MD, 20855

NTEE Category

Code: A68 - Arts

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