Overview
What is New Friends New Life?
New Friends New Life is a nonprofit organization that offers support to women and their children who have experienced abuse, addiction, poverty, and limited opportunities, often as a result of being trafficked or sexually exploited. Their comprehensive services include education, job training, interim financial assistance, mental health support, and spiritual guidance. By providing these resources, New Friends New Life aims to empower these individuals to overcome their past traumas and build healthier, safer futures for themselves and their families.
Official website here: www.newfriendsnewlife.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
New Friends New Life has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in various critical areas. The organization's key strengths lie in its high scores for Accountability & Finance (93%) and Leadership & Adaptability (100%), indicating robust financial management practices and a commitment to effective governance. The organization also boasts a fully independent board and transparent financial policies, which contribute to its overall credibility and trustworthiness.
The organization's Program Expense Ratio of 63.28% suggests that a significant portion of its budget is allocated to direct program services, though there is room for improvement in this area. Additionally, the fundraising efficiency ratio of $0.17 indicates effective fundraising practices, ensuring that funds raised are utilized efficiently to support its mission. New Friends New Life has successfully demonstrated adaptability in response to external challenges, such as the COVID-19 pandemic, further highlighting its resilience.
Overall, New Friends New Life showcases a strong commitment to its mission, backed by effective leadership and financial oversight. While there are minor concerns regarding program spending, the organization's high scores across multiple metrics reflect a solid foundation and a promise of continued impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is New Friends New Life legitimate?
New Friends New Life is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Friends New Life 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: $287,963
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,339,458
For more financial information, click here
Official website here: www.newfriendsnewlife.org
What is the mission statement of New Friends New Life?
New Friends New Life, an organization dedicated to assisting formerly trafficked and sexually exploited women, girls, and their children, has a mission to restore and empower these individuals. Through various services such as counseling, education, job training, interim financial aid, and spiritual support, the organization aims to help these women and girls overcome their past traumas, addictions, poverty, and limited opportunities. By providing these resources, New Friends New Life enables them to build healthier and safer futures for themselves and their families.
Official website here: www.newfriendsnewlife.org
Who is the CEO of New Friends New Life?
Bianca Davis is the Executive Director of New Friends New Life.
Official website here: www.newfriendsnewlife.org
What is the revenue of New Friends New Life?
New Friends New Life's revenue in 2022 was $2,701,372.
Official website here: www.newfriendsnewlife.org
Who are the executives of New Friends New Life and what are their salaries?
The average compensation at New Friends New Life during 2022 was $54,247. There are 30 employees and 375 volunteers at New Friends New Life.
Here are 19 key members and their salaries:
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Official website here: www.newfriendsnewlife.org
Where can I find the form 990 for New Friends New Life?
New Friends New Life's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newfriendsnewlife.org
Learn more at the official website: www.newfriendsnewlife.org
Mission Statement of New Friends New Life
New Friends New Life, an organization dedicated to restoring and empowering individuals, focuses on providing support to formerly trafficked and sexually exploited women, girls, and their children. The mission of New Friends New Life is to help these women and girls overcome the traumatic backgrounds they have endured, including addiction, poverty, and limited opportunities. By offering counseling, education, job training, interim financial assistance, and spiritual support, the organization aids in the transformation of these individuals, enabling them to build healthy and safe futures for themselves and their families. New Friends New Life is committed to empowering these women and girls to rise above their past struggles, providing them with the tools and resources necessary to rebuild their lives.
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Impact
July, 2024
New Friends New Life restores and empowers formerly trafficked teens and sexually exploited women and their children by providing access to education, job training, interim financial assistance, mental health, and spiritual support. The organization helps women and their children overcome backgrounds of abuse, addiction, poverty, and limited opportunities, allowing them to build healthy and safe futures for themselves and their families.
This information is meant to be a general summary of New Friends New Life. 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: $14,978
- Gross Receipts: $3,672,814
Assets and Liabilities:
- Total Assets: $2,380,807
- Total Liabilities: $21,057
- Net Assets: $2,359,750
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Organization Details
Founding Year
1999
Phone
(214) 965-0935Principal Officer
Bianca Davis
Main Address
1215 skiles street, DALLAS, TX, 75204
Website
www.newfriendsnewlife.orgNTEE Category
Code: I70 - Crime
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