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New Anchor Foundation

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

EIN: 833328307 ✦ Covina, CA ✦ Designated as a 501(c)(3)

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Overview

What is New Anchor Foundation?

The New Anchor Foundation is a compassionate 501c3 nonprofit established in 2019 by East Bay residents, inspired by their transformative experiences in hosting refugees while working with JFCS-East Bay. This organization's mission is centered around raising awareness and offering aid to refugee and asylum-seeking individuals or families in need. They achieve this through a unique approach called hosted housing, where individuals with stable residences share their homes or provide separate living spaces for a brief period. This initiative serves as a temporary shelter, offering refugees a supportive environment during their transition to a new life.


Official website here: www.newanchor.org

Is New Anchor Foundation legitimate?

New Anchor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Anchor 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.newanchor.org

What is the mission statement of New Anchor Foundation?

The New Anchor Foundation, established in 2019, is a 501c3 non-profit organization with a mission to foster awareness and offer assistance for refugee and asylum seeker individuals or families. They accomplish this mission through a unique approach known as hosted housing. In this arrangement, individuals with stable housing provide temporary housing within their homes or in separate units on their property for a limited duration. This initiative aims to provide a supportive environment and aid these individuals during their transition into their new lives.


Official website here: www.newanchor.org

Who is the CEO of New Anchor Foundation?

Jessica Young is the President of New Anchor Foundation.


Official website here: www.newanchor.org

What is the revenue of New Anchor Foundation?

New Anchor Foundation's revenue in 2022 was $163,618.


Official website here: www.newanchor.org

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


Here are 3 key members and their salaries:


Jessica Young (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Casnocha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angie Mohr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newanchor.org

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

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


Official website here: www.newanchor.org

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

Mission Statement of New Anchor Foundation

The New Anchor Foundation, established in 2019 by compassionate East Bay locals who were personally impacted by hosting refugees, is a dedicated 501c3 non-profit organization. Its primary mission is to foster awareness and offer support for refugee or asylee individuals or families. This support is provided through an innovative arrangement known as hosted housing. Under this system, individuals with secure housing offer temporary shelter within their homes or in separate units on their property, for a limited duration. This initiative aims to provide a safe and welcoming environment for refugees as they navigate their new beginnings.

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Impact




October, 2024

The New Anchor Foundation has made a significant impact by fostering a supportive environment for refugee and asylee individuals and families. Founded by community members in East Bay who experienced the transformative benefits of hosting refugees, the initiative promotes awareness and encourages stable housing solutions through hosted housing arrangements. By connecting individuals with stable housing to those in need, the foundation creates temporary living situations that provide vital security and support during a challenging transition period. This arrangement not only offers immediate relief and shelter but also fosters community connections and understanding, ultimately enriching both hosts and guests. The New Anchor Foundation’s dedication to empowering displaced individuals exemplifies the profound difference that compassion and community can make in addressing the refugee crisis.




This information is meant to be a general summary of New Anchor 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
$163,618 (2022)
Expenses
$200,693 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $163,618

Assets and Liabilities:

  • Total Assets: $65,632
  • Total Liabilities: $0
  • Net Assets: $65,632

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Organization Details

Principal Officer

Jessica Young

Main Address

440 N Barranca Ave 8910, Covina, CA, 91723

NTEE Category

Code: L99 - Housing

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