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
| Metric | Value |
|---|---|
| Total Revenue | $632K |
| Total Expenses | $592K |
| Program Spending | 90% |
| Net Assets | $82K |
| Transparency Score | 85/100 |
Search Intent Cockpit
New Varieties Development&Managemen T Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Varieties Development&Managemen T Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Varieties Development&Managemen T Corp in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $582K and expenses of $592K.
Revenue and Expenses
New Varieties Development&Managemen T Corp reported $582K in revenue and $592K in expenses, a deficit of $10K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is New Varieties Development&Managemen T Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $533K (90%) |
Across stored filings, New Varieties Development&Managemen T Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 12 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Environment context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
New Varieties Development&Managemen T Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
New Varieties Development&Managemen T Corp is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582K |
| Total Expenses | $592K |
| Surplus / Deficit | $-10,394 |
| Total Assets | $284K |
| Total Liabilities | $201K |
| Net Assets | $82K |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 70.9% |
| Months of Reserves | 5.7 months |
Financial Health Grade: C
In 2023, New Varieties Development&Managemen T Corp reported a deficit of $10K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 70.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Varieties Development&Managemen T Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.8% | +17.8% | +124.6% |
| 2022 | -16.5% | -13.8% | -56.8% |
| 2021 | -2.3% | +0.5% | +69.8% |
| 2020 | -6.1% | -3.4% | -49.4% |
| 2019 | -5.0% | -4.3% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.9%.
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
Is New Varieties Development&Managemen T Corp a legitimate charity?
New Varieties Development&Managemen T Corp (EIN: 203767882) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $632K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does New Varieties Development&Managemen T Corp spend its money?
New Varieties Development&Managemen T Corp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Varieties Development&Managemen T Corp tax-deductible?
New Varieties Development&Managemen T Corp is registered as a tax-exempt nonprofit (EIN: 203767882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Varieties Development&Managemen T Corp's spending goes to programs?
New Varieties Development&Managemen T Corp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Varieties Development&Managemen T Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Varieties Development&Managemen T Corp is above average for NTEE category C42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Varieties Development&Managemen T Corp located?
New Varieties Development&Managemen T Corp is headquartered in Maitland, Florida and files with the IRS under EIN 203767882. It is classified under NTEE code C42.
How many years of IRS 990 filings does New Varieties Development&Managemen T Corp have?
New Varieties Development&Managemen T Corp has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $632K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Varieties Development&Managemen T Corp:
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.