Nonprofit · EIN 23-2610384
NEW FOUNDATIONS INC
Tax-exempt · PHILADELPHIA, PA 19111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,435,313 | $2,606,550 | -$171,237 | $2,805,951 | $700,402 | $2,105,549 |
| June 30, 2024 | 990 | $2,703,662 | $2,657,105 | $46,557 | $2,988,679 | $711,893 | $2,276,786 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,399,739
- Investment income
- $37,703
- Net rental income
- -$2,284
- Other revenue
- -$2,129
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $933,759
- Salaries, compensation and benefits (total)
- $1,089,955
- Professional fundraising fees
- $0
- Accounting fees
- $51,842
- Occupancy
- $85,055
- Travel
- $35,311
- Depreciation
- $37,949
- Program services (functional)
- $2,406,023
- Management and general (functional)
- $200,527
Balance sheet and other
- Total assets, start of year
- $2,988,679
- Total assets, end of year
- $2,805,951
- Total liabilities, end of year
- $700,402
- Net assets, end of year
- $2,105,549
- Land, buildings and equipment
- $1,207,713
- Net assets without donor restrictions
- $2,105,549
- Gross unrelated business income
- -$2,284
- Gross receipts
- $2,483,218
- Employees
- 26
- Year formed
- 1992
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSE CABALLOS | MEMBER Trustee or director | 1 | $0 |
| KATHRYN MONCADO | SEC/TRES Trustee or director | 1 | $0 |
| JOSEPH SMITH | PRESIDENT Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSE CABALLOS | MEMBER Trustee or director | 1 | $0 |
| KATHRYN MONCADO | SEC/TRES Trustee or director | 1 | $0 |
| JOSEPH SMITH | PRESIDENT Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7210 RISING SUN AVE, PHILADELPHIA, PA 19111-3927
- In care of
- % TAMMY BUBB
- Principal officer (990 for 2024)
- JOSEPH SMITH
- Signed the 990
- JOSEPH SMITH, PRESIDENT
- Phone
- (215) 203-8733
- Return prepared by
- HERRING ROLL & SOLOMON PC
Mission
TO SERVE BOTH FAMILIES AND CHILDREN IN THE EFFORTS OF UNITING WITH ONE ANOTHER AND TO REPRESENT THEM IN THIS PROCESS, TO FOSTER BONDING RELATIONSHIPS BETWEEN CHILDREN AND FAMILY, TO IDENTIFY AND ELIMINATE BARRIERS THAT KEEP CHILDREN AND FAMILIES APART, AND TO WORK TOGETHER WITH COUNTY AGENCIES TO SHORTEN THE TIME CHILDREN AND FAMILIES ARE INVOLVED IN THE CHILD WELFARE SYSTEM.
Program accomplishments
- PROFESSIONAL FOSTER CHILDCARE - PROVIDE SPECIALIZED FOSTER CARE AND OTHER SOCIAL WELFARE SERVICES TO FAMILIES AND CHILDREN.Expenses $2,406,023
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2610384
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P320)
- Assets (IRS master file)
- $2,805,951
- Income (IRS master file)
- $2,483,218
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $2,703,662 | $2,657,105 | $2,988,679 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,929,800 | $2,772,342 | $2,906,089 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NEW FOUNDATIONS INC
- What is the EIN of NEW FOUNDATIONS INC?
- The employer identification number (EIN) of NEW FOUNDATIONS INC is 23-2610384.
- Is NEW FOUNDATIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to NEW FOUNDATIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW FOUNDATIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW FOUNDATIONS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW FOUNDATIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW FOUNDATIONS INC?
- The 990 for the year ended June 30, 2025 names JOSEPH SMITH.
- Who are the officers and directors of NEW FOUNDATIONS INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW FOUNDATIONS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,435,313, expenses of $2,606,550 and total assets of $2,805,951 at year end.
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