Nonprofit · EIN 58-1124234
NEW VENTURES INC
Tax-exempt · LAGRANGE, GA 30241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,752,079 | $3,513,665 | -$761,586 | $4,121,850 | $615,350 | $3,506,500 |
| June 30, 2024 | 990 | $3,380,639 | $3,851,691 | -$471,052 | $4,631,422 | $386,733 | $4,244,689 |
| June 30, 2023 | 990 | $5,119,119 | $3,975,105 | $1,144,014 | $5,150,006 | $435,907 | $4,714,099 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $272,629
- of which government grants
- $135,581
- Program service revenue
- $2,379,216
- Investment income
- $13,110
- Net rental income
- $85,484
- Net gain from sales of assets
- -$1,300
- Other revenue
- $87,124
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,512,577
- Salaries, compensation and benefits (total)
- $1,716,909
- Professional fundraising fees
- $0
- Accounting fees
- $27,178
- Travel
- $16,836
- Depreciation
- $223,363
- Program services (functional)
- $2,350,973
- Management and general (functional)
- $1,162,692
Balance sheet and other
- Total assets, start of year
- $4,631,422
- Total assets, end of year
- $4,121,850
- Total liabilities, end of year
- $615,350
- Net assets, end of year
- $3,506,500
- Land, buildings and equipment
- $3,076,771
- Publicly traded securities
- $252,993
- Net assets without donor restrictions
- $3,502,738
- Net assets with donor restrictions
- $3,762
- Gross receipts
- $2,753,379
- Employees
- 55
- Volunteers
- 1
- Year formed
- 1978
- State of legal domicile
- GA
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 |
|---|---|---|---|
| MIKE WILSON | EXECUTIVE DIRECTOR Officer | 40 | $82,452 |
| DAVID KEGEL | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| J M RAWLINSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JANE HOLLIS | DIRECTOR Trustee or director, Officer | 2 | $0 |
| GAIL STANFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KIM BARTLEY DUNN | DIRECTOR Trustee or director, Officer | 2 | $0 |
| CLARA BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MIKE ANGSTADT | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KRISTINE THURMAN | DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE WILSON | EXECUTIVE DI Officer | 40 | $95,369 |
| DAVID KEGEL | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| J M RAWLINSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JANE HOLLIS | DIRECTOR Trustee or director, Officer | 2 | $0 |
| GAIL STANFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KIM BARTLEY DUNN | DIRECTOR Trustee or director, Officer | 2 | $0 |
| CLARA BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MIKE ANGSTADT | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KRISTINA THURMAN | DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE WILSON | EXECUTIVE DI Officer | 40 | $92,956 |
| DAVID KEGEL | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| KATHLEEN EARNST | VICE-CHAIRMA Trustee or director, Officer | 2 | $0 |
| J M RAWLINSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JANE HOLLIS | DIRECTOR Trustee or director, Officer | 2 | $0 |
| GAIL STANFORD | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KIM BARTLEY DUNN | DIRECTOR Trustee or director, Officer | 2 | $0 |
| CLARA BROWN | DIRECTOR Trustee or director | 2 | $0 |
| MIKE ANGSTADT | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KRISTINA THURMAN | DIRECTOR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 150 LUKKEN INDUSTRIAL DR E, LAGRANGE, GA 30241-5919
- Principal officer (990 for 2024)
- MIKE WILSON, 150 LUKKEN INDUSTRIAL DRIVE E, LAGRANGE, GA 30240
- Signed the 990
- MIKE WILSON, EXECUTIVE DIRECTOR
- Phone
- (706) 882-7723
- Website
- WWW.NEWVENTURES.ORG
- Return prepared by
- VENNING
Mission
FOUNDED IN 1971, NEW VENTURES, INC. HAS BEEN SERVING TROUP COUNTY FOR 50 YEARS INITIALLY SERVING AS A SHELTERED WORKSHOPFOR THE WEST GEORGIA AREA, WE PROVIDED WORK PROGRAMS AND LEISURE ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. INRESPONSE TO COMMUNITY NEEDS, OUR PROGRAMS EXPANDED TO INCLUDE WORK EVALUATION, WORK ADJUSTMENT, SHELTERED EMPLOYMENT,AND JOB PLACEMENT. MANY YEARS LATER, THE JOB TRAINING PROGRAM EXPANDED AGAIN TO SERVE INDIVIDUALS WITH OTHER BARRIERS TOEMPLOYMENT. OTHER BARRIERS TO EMPLOYMENT MAY INCLUDE, BUT ARE NOT LIMITED TO, HOMELESSNESS, LACK OF EDUCATION, LACK OF WORKEXPERIENCE, LACK OF TRANSPORTATION, CRIMINAL HISTORY, ETC. THE EXPANSION IN SERVICES LED TO THE ESTABLISHMENT OF OUR MISSION,NEW VENTURES, INC. IS A TRAINING COMPANY THAT TEACHES NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT.
Program accomplishments
- TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS WHO NEED LONG TERM SUPPORT WHETHER WORKING IN-HOUSE OR OFF-SITE IN ASUPERVISED TEMPORARY COMMERCIAL PLACEMENT LOCATION.Expenses $2,066,559 · revenue $2,366,357
- TO PROVIDE ASSISTANCE TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT, BY RELYING ON INDUSTRIAL BUSINESSES IN THE LAGRANGE-TROUP COUNTY AREATO OBTAIN OUTSOURCING THAT IS USED AS PRE-EMPLOYMENT TRAINING.Expenses $129,321
- WE PROVIDE A NUTURING ENVIRONMENT FOR WOMEN AND CHILDREN SEEKING RECOVERY- SUPPORT SERVICES FOR TRAUMA, MENTAL ILLNESS, OR SUBSTANCEABUSE. COMBINING INDIVIDUALIZED CARE AND A COMPASSIONATE, TRAUMA-RESPONSIVE COMMUNITY, THE CALUMET CENTER FOR HEALING AND ATTACHMENTADVOCATES FOR HOPE, NEW POSSIBILITIES, AND THE ENDURING SPIRIT OF FAITH AND FAMILY. NUMBER SERVED IN 2022/2023 - 8Expenses $155,093 · revenue $12,859
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
- 58-1124234
- 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
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J300)
- Assets (IRS master file)
- $4,121,850
- Income (IRS master file)
- $2,753,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,752,079 | $3,513,665 | $4,121,850 | IRS |
| 990 | June 2024 | $3,380,639 | $3,851,691 | $4,631,422 | XML |
| 990 | June 2023 | $5,119,119 | $3,975,105 | $5,150,006 | XML |
| 990 | June 2022 | $4,611,445 | $3,732,272 | $3,943,756 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 58-1124234).
Questions about NEW VENTURES INC
- What is the EIN of NEW VENTURES INC?
- The employer identification number (EIN) of NEW VENTURES INC is 58-1124234.
- Is NEW VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to NEW VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW VENTURES 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 VENTURES 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 VENTURES 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 VENTURES INC?
- The 990 for the year ended June 30, 2025 names MIKE WILSON.
- Who are the officers and directors of NEW VENTURES INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $82,452 (MIKE WILSON, EXECUTIVE DIRECTOR).
- How much revenue does NEW VENTURES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,752,079, expenses of $3,513,665 and total assets of $4,121,850 at year end.
Other nonprofits in LAGRANGE
- GEORGIA FRUIT AND VEGETABLE GROWERS ASSOCIATION EIN 58-2256615 · last filed 990 for 2024
- DISCOVERING SOLDIERS POTENTIAL II INC EIN 81-0758156 · last filed 990 for 2024
- DIVERSE POWER INCORPORATED EIN 58-0465897 · last filed 990 for 2025
- LAGRANGE COLLEGE EIN 58-0566199 · last filed 990 for 2025
- CALLAWAY FOUNDATION INC EIN 58-0566147 · last filed 990-PF for 2025
- TWIN CEDARS YOUTH AND FAMILY SERVICES INC EIN 58-1413499 · last filed 990 for 2024
- COMMUNITY ACTION FOR IMPROVEMENT INC EIN 58-0978781 · last filed 990 for 2025
- GEORGIA ASSOCIATION OF REHABILITATION FACILITIES INC EIN 58-1374148 · last filed 990 for 2025