Nonprofit · EIN 42-1529285
NEW LIFE ENTERPRISES CORP
Also known as NEW LIFT THRIFT STORES
Tax-exempt · RICHMOND, VA 23225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $509,447 | $529,536 | -$20,089 | $92,889 | $199,846 | -$106,957 |
| December 31, 2024 | 990 | $525,711 | $508,315 | $17,396 | $69,648 | $156,516 | -$86,868 |
| December 31, 2023 | 990 | $548,559 | $535,283 | $13,276 | $59,944 | $164,208 | -$104,264 |
| December 31, 2022 | 990 | $539,867 | $538,606 | $1,261 | $54,360 | $171,900 | -$117,540 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $121,209
- Program service revenue
- $5,224
- Investment income
- $1,000
- Net gain from sales of assets
- $1,000
- Net income from sales of inventory
- $382,014
- Other revenue
- $382,014
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $65,000
- Other salaries and wages
- $66,060
- Salaries, compensation and benefits (total)
- $131,060
- Professional fundraising fees
- $0
- Accounting fees
- $3,622
- Occupancy
- $183,068
- Depreciation
- $10,204
- Program services (functional)
- $464,536
- Management and general (functional)
- $65,000
Balance sheet and other
- Total assets, start of year
- $69,648
- Total assets, end of year
- $92,889
- Total liabilities, end of year
- $199,846
- Net assets, end of year
- -$106,957
- Land, buildings and equipment
- $40,818
- Net assets without donor restrictions
- -$106,957
- Gross receipts
- $510,177
- Employees
- 8
- Year formed
- 2002
- State of legal domicile
- VA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Cochran | Treasurer Trustee or director, Officer | 0 | $0 |
| CARLOS RIVERA | Vice President Trustee or director, Officer | 40 | $0 |
| Rosalinda Rivera | President Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Cochran | Treasurer Trustee or director, Officer | 0 | $0 |
| CARLOS RIVERA | Vice President Trustee or director, Officer | 40 | $0 |
| Rosalinda Rivera | President Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosalinda Rivera | President Trustee or director, Officer | 40 | $39,000 |
| CARLOS RIVERA | Vice President Trustee or director, Officer | 40 | $26,000 |
| Charles Cochran | Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosalinda Rivera | President Trustee or director, Officer | 40 | $39,000 |
| Charles Cochran | Vice President Trustee or director, Officer | 0 | $0 |
| CARLOS RIVERA | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 13526, RICHMOND, VA 23225-8526
- Signed the 990
- Rosalinda Rivera, President
- Phone
- (804) 276-6059
- Return prepared by
- GENERAL TAX SERVICES
Mission
TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES BY CONDUCTIONG OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF OR TO CARRY OUT THE PURPOSES OF NEW LIFE FOR YOUTH, INC.
Program accomplishments
- PROVIDES TRAINING OF NEW LIFE FOR YOUTH, INC. STUDENTS IN RETAIL BUSINESSES AS PART OF THEIR RE-ENTRY PROGRAMExpenses $464,536
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1529285
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $92,889
- Income (IRS master file)
- $510,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $509,447 | $529,536 | $92,889 | XML |
| 990 | December 2024 | $525,711 | $508,315 | $69,648 | XML |
| 990 | December 2023 | $548,559 | $535,283 | $59,944 | XML |
| 990 | December 2022 | $539,867 | $538,606 | $54,360 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 42-1529285).
Questions about NEW LIFE ENTERPRISES CORP
- What is the EIN of NEW LIFE ENTERPRISES CORP?
- The employer identification number (EIN) of NEW LIFE ENTERPRISES CORP is 42-1529285.
- Is NEW LIFE ENTERPRISES CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to NEW LIFE ENTERPRISES CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NEW LIFE ENTERPRISES CORP 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 LIFE ENTERPRISES CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW LIFE ENTERPRISES CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of NEW LIFE ENTERPRISES CORP?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW LIFE ENTERPRISES CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $509,447, expenses of $529,536 and total assets of $92,889 at year end.
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