New Varieties Development&Managemen T Corp

New Varieties Development&Managemen T Corp consistently operates near break-even with no reported officer compensation.

EIN: 203767882 · Maitland, FL · NTEE: C42 · Updated: 2026-03-28

$632KRevenue

$356KAssets

85/100Mission Score (Excellent)

C42

About New Varieties Development&Managemen T Corp

New Varieties Development&Managemen T Corp (EIN: 203767882) is a nonprofit organization based in Maitland, FL, classified under NTEE code C42. The organization reported total revenue of $632K and total assets of $356K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Varieties Development&Managemen T Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New Varieties Development&Managemen T Corp demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenues were $581,808 against expenses of $592,202, indicating a slight deficit. The organization's assets have fluctuated, reaching a high of $373,133 in 2018 and standing at $355,607 currently, suggesting a stable but not rapidly growing financial base. Liabilities have also varied, sometimes representing a significant portion of assets, such as $201,092 in liabilities against $283,510 in assets in 2023, which warrants attention.

The organization's spending efficiency appears to be focused on its mission, given the NTEE code C42 (Agricultural Research & Promotion) and the absence of reported officer compensation across all filings. This suggests that a high percentage of its expenditures likely go directly to program services. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation is a strong indicator of transparency regarding executive pay.

Overall, the organization appears financially stable, operating near break-even most years. Its transparency is commendable regarding executive compensation. To fully assess spending efficiency, a more granular breakdown of expenses would be beneficial. The fluctuating but generally increasing asset base, alongside varying liabilities, suggests careful financial management is ongoing.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Varieties Development&Managemen T Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, New Varieties Development&Managemen T Corp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees, which is highly unusual for an organization of this size and suggests a volunteer-led or externally funded leadership structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of New Varieties Development&Managemen T Corp's IRS 990 filings:

Consistent near-break-even operations, leaving little margin for growth or unexpected expenses.
Significant fluctuations in liabilities relative to assets, indicating potential financial volatility.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment.

Strengths

The following positive indicators were identified for New Varieties Development&Managemen T Corp:

Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
Stable revenue generation over the past decade, demonstrating consistent operational activity.
Maintains a positive asset base, indicating some financial reserves despite operating near break-even.

Frequently Asked Questions about New Varieties Development&Managemen T Corp

How does the organization manage to operate without reporting officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that leadership may be entirely volunteer-based, compensated through a related entity, or that the organization's structure allows for operations without direct officer salaries. This is a significant point of inquiry for understanding its operational model.

What is the detailed breakdown of expenses into program, administrative, and fundraising costs?

The provided data does not offer a granular breakdown of expenses. While the absence of officer compensation suggests a high program efficiency, a detailed expense report would be necessary to confirm the exact allocation of funds to programs, administration, and fundraising.

What is the nature of the liabilities, and how are they managed?

Liabilities have fluctuated significantly, from $24,882 in 2014 to $271,251 in 2018, and $201,092 in 2023. Understanding the nature of these liabilities (e.g., program-related debt, operational loans) and the organization's strategy for managing them is crucial for assessing long-term financial health.

Filing History

IRS 990 filing history for New Varieties Development&Managemen T Corp showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), New Varieties Development&Managemen T Corp's revenue has grown by 8.7%, moving from $535K to $582K. Total assets increased by 1393% over the same period, from $19K to $284K. Total functional expenses rose by 8.6%, from $545K to $592K. In its most recent filing year (2023), New Varieties Development&Managemen T Corp reported a deficit of $10K, with expenses exceeding revenue. The organization holds $201K in liabilities against $284K in assets (debt-to-asset ratio: 70.9%), resulting in net assets of $82K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$582K	$592K	$284K	$201K	—	View 990
2022	$478K	$503K	$126K	$33K	—	View 990
2021	$572K	$583K	$292K	$174K	—	View 990
2020	$585K	$580K	$172K	$42K	—	—
2019	$623K	$601K	$340K	$215K	—	View 990
2018	$656K	$628K	$373K	$271K	—	View 990
2017	$660K	$632K	$268K	$194K	—	View 990
2016	$507K	$497K	$77K	$32K	—	View 990
2015	$498K	$491K	$222K	$186K	—	View 990
2014	$544K	$542K	$54K	$25K	—	View 990
2013	$654K	$638K	$106K	$79K	—	View 990
2012	$535K	$545K	$19K	$8K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $582K, expenses of $592K, and assets of $284K (revenue +21.8% year-over-year).
2022: Revenue of $478K, expenses of $503K, and assets of $126K (revenue -16.5% year-over-year).
2021: Revenue of $572K, expenses of $583K, and assets of $292K (revenue -2.3% year-over-year).
2020: Revenue of $585K, expenses of $580K, and assets of $172K (revenue -6.1% year-over-year).
2019: Revenue of $623K, expenses of $601K, and assets of $340K (revenue -5.0% year-over-year).
2018: Revenue of $656K, expenses of $628K, and assets of $373K (revenue -0.6% year-over-year).
2017: Revenue of $660K, expenses of $632K, and assets of $268K (revenue +30.2% year-over-year).
2016: Revenue of $507K, expenses of $497K, and assets of $77K (revenue +1.7% year-over-year).
2015: Revenue of $498K, expenses of $491K, and assets of $222K (revenue -8.4% year-over-year).
2014: Revenue of $544K, expenses of $542K, and assets of $54K (revenue -16.9% year-over-year).
2013: Revenue of $654K, expenses of $638K, and assets of $106K (revenue +22.2% year-over-year).
2012: Revenue of $535K, expenses of $545K, and assets of $19K.

Data Sources and Methodology

This transparency report for New Varieties Development&Managemen T Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.