Newfound Educational Endowment Foundation Inc
Newfound Educational Endowment Foundation operates with minimal expenses and no executive compensation, maintaining a small but stable asset base.
EIN: 201583884 · Bristol, NH · NTEE: B112 · Updated: 2026-03-28
About Newfound Educational Endowment Foundation Inc
Newfound Educational Endowment Foundation Inc (EIN: 201583884) is a nonprofit organization based in Bristol, NH, classified under NTEE code B112. The organization reported total revenue of $5K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newfound Educational Endowment Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Newfound Educational Endowment Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Newfound Educational Endowment Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is entirely volunteer-run at the leadership level, which is highly commendable for an organization of its size.
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 Newfound Educational Endowment Foundation Inc's IRS 990 filings:
- Periods of expenses significantly exceeding revenue (e.g., $4,722 expenses vs. $251 revenue in 201906, $2,898 expenses vs. $227 revenue in 201806), which could indicate reliance on prior year reserves or specific project funding that isn't immediately clear from the summary data.
- Very small scale of operations, with latest revenue of $4,618, limiting potential impact.
Strengths
The following positive indicators were identified for Newfound Educational Endowment Foundation Inc:
- Consistent 0% officer compensation, indicating strong volunteer leadership and dedication.
- Very low operational expenses in recent years, demonstrating high efficiency (e.g., $161 expenses vs. $2,909 revenue in 202406).
- No reported liabilities across all filings, indicating a debt-free and financially stable balance sheet.
- Clear focus on mission with minimal administrative overhead.
Frequently Asked Questions about Newfound Educational Endowment Foundation Inc
Is Newfound Educational Endowment Foundation Inc a good charity?
Based on its financial filings, the Newfound Educational Endowment Foundation Inc appears to be a good charity in terms of efficiency and volunteerism. It consistently reports 0% officer compensation and maintains very low expenses relative to its revenue in recent years, such as $161 in expenses against $2,909 in revenue for the 202406 period. Its small scale means its overall impact is limited, but its operational model is highly efficient.
How does the organization manage its expenses?
The organization manages its expenses very tightly, especially in recent years. For example, in the 202406 period, expenses were only $161 against revenues of $2,909. While there were periods with higher expenses relative to revenue (e.g., $4,722 expenses vs. $251 revenue in 201906), the overall trend shows a commitment to minimizing operational costs.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time. They peaked around $16,074 in 201506, then saw a decline to $6,760 in 201906, and have since been slowly rebuilding, reaching $10,383 in the latest 202406 period. This indicates a period of asset utilization followed by a recovery.
Filing History
IRS 990 filing history for Newfound Educational Endowment Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Newfound Educational Endowment Foundation Inc's revenue has grown by 13752.4%, moving from $21 to $3K. Total assets decreased by 35.9% over the same period, from $16K to $10K. Total functional expenses rose by 114.7%, from $75 to $161. In its most recent filing year (2024), Newfound Educational Endowment Foundation Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $3K | $161 | $10K | $0 | — | — |
| 2023 | $362 | $75 | $8K | $0 | — | View 990 |
| 2022 | $260 | $75 | $7K | $0 | — | View 990 |
| 2021 | $222 | $100 | $7K | $0 | — | — |
| 2020 | $356 | $75 | $7K | $0 | — | View 990 |
| 2019 | $251 | $5K | $7K | $0 | — | View 990 |
| 2018 | $227 | $3K | $11K | $0 | — | View 990 |
| 2017 | $215 | $75 | $14K | $0 | — | View 990 |
| 2016 | $46 | $2K | $14K | $0 | — | View 990 |
| 2015 | $20 | $75 | $16K | $0 | — | View 990 |
| 2014 | $17 | $75 | $16K | $0 | — | View 990 |
| 2013 | $21 | $75 | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3K, expenses of $161, and assets of $10K (revenue +703.6% year-over-year).
- 2023: Revenue of $362, expenses of $75, and assets of $8K (revenue +39.2% year-over-year).
- 2022: Revenue of $260, expenses of $75, and assets of $7K (revenue +17.1% year-over-year).
- 2021: Revenue of $222, expenses of $100, and assets of $7K (revenue -37.6% year-over-year).
- 2020: Revenue of $356, expenses of $75, and assets of $7K (revenue +41.8% year-over-year).
- 2019: Revenue of $251, expenses of $5K, and assets of $7K (revenue +10.6% year-over-year).
- 2018: Revenue of $227, expenses of $3K, and assets of $11K (revenue +5.6% year-over-year).
- 2017: Revenue of $215, expenses of $75, and assets of $14K (revenue +367.4% year-over-year).
- 2016: Revenue of $46, expenses of $2K, and assets of $14K (revenue +130.0% year-over-year).
- 2015: Revenue of $20, expenses of $75, and assets of $16K (revenue +17.6% year-over-year).
- 2014: Revenue of $17, expenses of $75, and assets of $16K (revenue -19.0% year-over-year).
- 2013: Revenue of $21, expenses of $75, and assets of $16K.
Data Sources and Methodology
This transparency report for Newfound Educational Endowment Foundation Inc 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.