Overview
What is New Life Institute Inc?
New Life Institute Inc is a non-profit organization based in Austin, Texas, specifically at PO Box 4487. Their primary mission revolves around offering professional counseling services, regardless of an individual's ability to pay. With a single dedicated employee, they aim to make a significant impact on peoples' lives, working tirelessly to change lives for the better. The Institute's activities are focused on providing counseling and training services, demonstrating a commitment to helping those in need.
Official website here: www.newlifetexas.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76% (Three-Star out of Four Star rating)
New Life Institute Inc has received a Three-Star rating from Charity Navigator, indicating an overall score of 76%. This rating is derived entirely from its Accountability & Finance metrics, showcasing a strong commitment to responsible financial management. Key strengths include a fully independent board, with 10 out of 10 points for having all board members independent, and a perfect score for the material diversion of assets, demonstrating transparency and integrity in operations.
However, the organization has some areas that need improvement. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which contributed to a lower overall score in these categories. While the charity maintains a high program expense ratio of 92.48%, ensuring that the majority of its funds are directed towards its programs, the absence of these critical governance policies may raise concerns about the overall accountability framework.
Despite these limitations, New Life Institute Inc's fiscal health appears strong, evidenced by a liability to assets ratio of 0.00%, indicating no current liabilities, which is a positive sign for stakeholders. The organization has a solid foundation but should work towards implementing the necessary policies to enhance its governance and transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is New Life Institute Inc legitimate?
New Life Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,338
For more financial information, click here
Official website here: www.newlifetexas.org
What is the mission statement of New Life Institute Inc?
New Life Institute Inc is committed to transforming lives by offering professional counseling services, irrespective of an individual's financial capacity. Their mission is to make a difference in people's lives by providing these essential services, ensuring everyone has access to the support they need. They offer counseling and training services to individuals in need, aiming to empower and improve their wellbeing.
Official website here: www.newlifetexas.org
Who is the CEO of New Life Institute Inc?
Raymond Hawkins is the Principal Officer of New Life Institute Inc.
Official website here: www.newlifetexas.org
What is the revenue of New Life Institute Inc?
New Life Institute Inc's revenue in 2022 was $115,352.
Official website here: www.newlifetexas.org
Who are the executives of New Life Institute Inc and what are their salaries?
The average compensation at New Life Institute Inc during 2022 was $30,338. There is 1 employee at New Life Institute Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newlifetexas.org
Where can I find the form 990 for New Life Institute Inc?
New Life Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlifetexas.org
Learn more at the official website: www.newlifetexas.org
Mission Statement of New Life Institute Inc
New Life Institute, a dedicated organization, is on a mission to transform lives by offering professional counseling services to individuals, irrespective of their financial capabilities. This nonprofit is committed to providing the necessary support and guidance to those in need, ensuring that no one is left behind due to financial constraints. By offering counseling and training services, New Life Institute aims to empower individuals, helping them navigate through various life challenges and work towards positive change.
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Impact
June, 2024
New Life Institute Inc has a significant impact on individuals in need of professional counseling services in Austin, Texas. Their dedication to changing lives by providing counseling services regardless of the individual's ability to pay is commendable. By offering counseling and training services, New Life Institute Inc is positively influencing the mental health and well-being of the community they serve. Their commitment to this mission makes them a valuable resource for those seeking support and guidance in improving their mental health.
This information is meant to be a general summary of New Life Institute 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: $5
- Program Service Revenue: $110,347
- Gross Receipts: $115,352
Assets and Liabilities:
- Total Assets: $18,922
- Total Liabilities: $0
- Net Assets: $18,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Counseling & Training
Revenue
$110,347
Organization Details
Founding Year
1985
Principal Officer
Raymond Hawkins
Main Address
PO Box 4487, Austin, TX, 78765
Website
www.newlifetexas.orgNTEE Category
Code: F32 - Mental health
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