Overview
What is New Seed Foundation?
The New Seed Foundation is a compassionate nonprofit organization situated in Passaic, New Jersey, at 25 Dakota Street. Their primary mission is to offer a nurturing environment for children at risk, enabling them to reach their full potential. The foundation provides residential therapy programs for children from dysfunctional and abusive families, while single mother families participate in an intensive, holistic program. This program supports families as they progress from crisis intervention to stabilization and eventually self-sufficiency. The New Seed Foundation's activities aim to alleviate hardships, particularly for single mothers and children, and assist them in becoming independent and self-sufficient through innovative programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
The New Seed Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 75% based on its accountability and finance metrics. This rating is particularly significant as it indicates a strong focus on responsible management of financial resources, with 87.29% of its expenses allocated toward programs. The charity also demonstrates a high level of transparency and governance, as evidenced by its independent board composition and thorough financial audits.
The foundation has achieved full scores in several key areas, including having a majority of independent board members and a clean audit of financial statements. Additionally, there have been no reported material diversions of assets, which adds to its credibility and trustworthiness. The organization appears to prioritize maintaining low liabilities relative to its assets, further showcasing its financial health.
While the organization has received a positive rating, it's essential for potential donors or supporters to consider the overall impact and effectiveness of its programs beyond financial metrics. Engaging in further research on the foundation's specific initiatives and outcomes may provide a more comprehensive view of its overall mission and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is New Seed Foundation legitimate?
New Seed Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Seed Foundation 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: $199,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New Seed Foundation?
The New Seed Foundation's mission is centered around providing relief for disadvantaged individuals, with a particular focus on single mothers and their children. The organization aims to assist these individuals to become independent and self-sufficient. They achieve this through the implementation of model programs. For children at risk, the foundation provides a loving and nurturing home environment to foster their growth and development. Women and children from dysfunctional and abusive families participate in a residential therapy program, while single mother families engage in an intensive holistic program, transitioning from crisis intervention to stabilization, and eventually, self-sufficiency.
Who is the CEO of New Seed Foundation?
Joanie Lawrence is the Chief Executive Officer of New Seed Foundation. The CEO's salary of New Seed Foundation is $0 and their total compensation is $199,282.
What is the revenue of New Seed Foundation?
New Seed Foundation's revenue in 2022 was $837,902.
Who are the executives of New Seed Foundation and what are their salaries?
Here are 3 key members and their salaries (New Seed Foundation's CEO's salary is $0 and their total compensation is $199,282):
- Compensation: $0
- Related: $0
- Other: $199,282
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Seed Foundation?
New Seed Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Seed Foundation
The New Seed Foundation is committed to providing relief for disadvantaged individuals, particularly single mothers and their children. Their mission is to assist these individuals in becoming independent and self-sufficient. They achieve this goal through the implementation of model programs.
One of the ways New Seed Foundation fulfills its mission is by offering a residential therapy program for children at risk, providing them with a loving and nurturing home environment. This environment allows these children to grow and reach their full potential. Additionally, women and children from dysfunctional and abusive families participate in this program.
For single mother families, New Seed Foundation provides an intensive holistic program. This program helps these families move from a crisis intervention stage to a stabilization phase, ultimately leading them towards self-sufficiency. The foundation plays a vital role in the lives of these families, guiding them towards a more independent and secure future.
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Impact
July, 2024
New Seed Foundation's impact can be seen in the transformation of disadvantaged individuals, particularly single mothers and children, towards independence and self-sufficiency. Through model programs, the foundation provides a loving and nurturing home environment for children at risk, allowing them to reach their full potential. Women and children from dysfunctional and abusive families participate in a residential therapy program, while single mother families engage in an intensive holistic program that guides them from crisis intervention to stabilization and eventually towards self-sufficiency. The foundation's work in Passaic, NJ, is dedicated to offering relief and support to those in need, ultimately empowering them to build better futures for themselves and their families.
This information is meant to be a general summary of New Seed 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $483,470
- Gross Receipts: $837,902
Assets and Liabilities:
- Total Assets: $1,104,402
- Total Liabilities: $20,000
- Net Assets: $1,084,402
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Organization Details
Phone
(212) 521-2805Principal Officer
Joanie Lawrence
Main Address
25 DAKOTA STREET, PASSAIC, NJ, 07055
NTEE Category
Code: Z99Z - Unknown
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