Civic Intelligence

New Creation Foundation Inc.

990 • Fiscal year 2019 • EIN 20-0151111

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Refreshing map…

893 Boston RoadSpringfield, MA 01119-1315

(413) 783-2231

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.60x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.41x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-7.1%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$42,996

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

44th percentile

1.2%

Faster asset growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

74%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,734,764

Up $21,317 (+1.2%) from 2018

Net Assets

Down

$693,326

Down $52,801 (-7.1%) from 2018

Liabilities

Up

$1,041,438

Up $74,118 (+7.7%) from 2018

Revenue

Up

$739,536

Up $315,008 (+74%) from 2018

Expenses

Up

$792,153

Up $402,215 (+103%) from 2018

Net Income

Down

-$52,617

Down $87,207 (-252%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $35,144Liabilities 2011: $61,861Net Assets 2011: -$26,7172011Assets 2012: $55,347Liabilities 2012: $81,320Net Assets 2012: -$25,9732012Assets 2013: $84,166Liabilities 2013: $103,690Net Assets 2013: -$19,5242013Assets 2014: $111,129Liabilities 2014: $81,553Net Assets 2014: $29,5762014Assets 2015: $654,856Liabilities 2015: $67,769Net Assets 2015: $587,0872015Assets 2016: $674,758Liabilities 2016: $70,968Net Assets 2016: $603,7902016Assets 2017: $1,442,134Liabilities 2017: $789,275Net Assets 2017: $652,8592017Assets 2018: $1,713,447Liabilities 2018: $967,320Net Assets 2018: $746,1272018Assets 2019: $1,734,764Liabilities 2019: $1,041,438Net Assets 2019: $693,3262019Assets 2020: $1,909,284Liabilities 2020: $1,106,588Net Assets 2020: $802,6962020Assets 2021: $2,412,807Liabilities 2021: $1,368,652Net Assets 2021: $1,044,1552021Assets 2022: $2,408,299Liabilities 2022: $1,342,493Net Assets 2022: $1,065,8062022Assets 2023: $2,415,393Liabilities 2023: $1,240,132Net Assets 2023: $1,175,2612023Assets 2024: $2,517,624Liabilities 2024: $1,140,781Net Assets 2024: $1,376,8432024

Highlighted filing

2019

Assets$1,734,764
Liabilities$1,041,438
Net Assets$693,326

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $216,754Expenses 2011: $201,235Net Income 2011: $15,5192011Revenue 2012: $260,068Expenses 2012: $253,748Net Income 2012: $6,3202012Revenue 2013: $298,582Expenses 2013: $291,277Net Income 2013: $7,3052013Revenue 2014: $393,566Expenses 2014: $328,529Net Income 2014: $65,0372014Revenue 2015: $415,728Expenses 2015: $350,227Net Income 2015: $65,5012015Revenue 2016: $427,974Expenses 2016: $382,561Net Income 2016: $45,4132016Revenue 2017: $408,433Expenses 2017: $360,607Net Income 2017: $47,8262017Revenue 2018: $424,528Expenses 2018: $389,938Net Income 2018: $34,5902018Revenue 2019: $739,536Expenses 2019: $792,153Net Income 2019: -$52,6172019Revenue 2020: $991,078Expenses 2020: $868,009Net Income 2020: $123,0692020Revenue 2021: $894,743Expenses 2021: $819,954Net Income 2021: $74,7892021Revenue 2022: $1,006,757Expenses 2022: $865,240Net Income 2022: $141,5172022Revenue 2023: $1,194,583Expenses 2023: $1,094,789Net Income 2023: $99,7942023Revenue 2024: $1,290,410Expenses 2024: $1,066,186Net Income 2024: $224,2242024

Highlighted filing

2019

Revenue$739,536
Expenses$792,153
Net Income-$52,617
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$739,536
Mission and Program Overview

Mission

Operation of child care centers with educational and charitable programs for children of every race,nationality, creed, gender, economic status, cultural heritage and sexual orientation without regard for any disabilities.

Operation child care centers with educational and charitable programs for inner-city and low income citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,596,374$1,586,161▼ $10,213
Rtn Earn Endowment Incm Other Fnds$746,127$693,326▼ $52,801
Loans From Officers Directors$207,032$263,489▲ $56,457
Accounts Receivable$107,541$137,895▲ $30,354
Cash and Non-Interest-Bearing Accounts$9,532$5,625▼ $3,907
Intangible Assets-$5,083-
Total Assets$1,713,447$1,734,764▲ $21,317
Liabilities
Mortgage Notes Payable Secured by Investment Property$748,610$755,373▲ $6,763
Accounts Payable and Accrued Expenses$11,678$22,576▲ $10,898
Total Liabilities$967,320$1,041,438▲ $74,118
Net Assets / Fund Balance
Total Net Assets Fund Balance$746,127$693,326▼ $52,801
Total Liabilities and Net Assets / Fund Balance$1,713,447$1,734,764▲ $21,317

Asset Categories

AssetBook ValueDepreciationBasis
Land$136,500-$136,500
Buildings$1,358,250$56,382-
Other Land Buildings$20,000--
Equipment$54,019$4,494-
Leasehold Improvements$17,392$661-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hollie Pink HarrisonDirectorFT$42,996$42,996
Bishop Charles W Pink IiiPresidentPT$30,750$30,750
Dorothy PinkDirectorPT$27,523$27,523

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$35
Program Service Revenue
$700,128
Investment Income
$0
Other Revenue
$39,373
Change in Net Assets
$-52,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$451,014
Other Expenses$341,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$316,060--$316,060
Current Officers, Directors, Trustees, and Key Employees-$101,269-$101,269
Occupancy$80,534--$80,534
Office Expenses$66,714--$66,714
Depreciation Depletion$41,537--$41,537
Interest$38,286--$38,286
Payroll Taxes$25,938$7,747-$33,685
Other Expenses$29,887--$29,887
Insurance$12,179--$12,179
Fees for Services Other$4,143--$4,143
Fees for Services Accounting$3,472--$3,472
Advertising$1,040--$1,040
Fees for Services Legal$220--$220
Conferences and Meetings$68--$68
Total Functional Expenses$683,137$109,016$0$792,153
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$207,032$263,489▲ $56,457
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Several officers, directors and key members of the board are all related family members.

Members or stockholder classes and rights Part VI line 6

Form 990,part vi,section a,line 6 - the members consist of board of directors

Member election for additional members Part VI line 7A

Form 990, part vi,section a, line 7a - the chairman of the board may elect to add board members, who would then be approved by the remaining board of directors form 990,part vi,section a, line 7a - the chairman of the board may elect to add board members, who would then be approved by the remaining board of directors

Form 990 governing body review Part VI line 11

Form 990,part vi,section b,line 11b - copies are available to the board at the next board meeting after the filing of the form 990 return

Conflict of interest policy compliance Part VI line 12C

Form 990,part vi,section b line 12c - inquiries are made on an annual basis with directors and key employees regarding potential conflicts of interest

CEO executive director top management comp Part VI line 15A

Form 990,part vi,section b,line 15 - the members of the board vote on the presidents salary

Other officer or key employee compensation Part VI line 15B

Form 990,part vi,section b, line 15b - the president proposes the salaries of officers or key employees, which are voted on / approved by the board of directors

Governing documents etc available to public Part VI line 19

Form 990,part vi,section c,line 19 - the form 990s are available upon request

Filing and Contact Details

Filer

Filer Name
New Creation Foundation Inc
EIN
20-0151111
Address
893 BOSTON ROAD, SPRINGFIELD, MA 01119-1315

Signing Officer

Name
Bishop Charles W Pink Iii
Title
President
Phone
4137832231
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Charles W Pink Iii
Formed
2003
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
1
Employees
35

Preparer

Firm
Chestnut Tax Group LLC
Address
900B Riverdale Street, WEST SPRINGFIELD, MA 01089-4917
Preparer
Theresa Simms
Phone
4137398299
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Form 990,part ix,line 11g - transportation for childcare $33,549, other expenses

List of other expenses Part IX line 24E

Form 990,part ix,line 24e - there are no expenses classified as other expenses in 2019.

General explanation attachment

The organization opened and operated a child care facility in bloomfield, ct for the entire year, after completing the remodeling and construction of the building in the 4th quarter of 2018, offering the same program services as the springfield, ma location. The program services revenue was $493,429 for springfield, and $246,072 for the bloomfield location.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04494
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0661
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0263489
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BISHOP CHARLES PINK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL OFFICERS, DIRECTORS AND KEY MEMBERS OF THE BOARD ARE ALL RELATED FAMILY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990,PART VI,SECTION A,LINE 6 - THE MEMBERS CONSIST OF BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI,SECTION A, LINE 7A - THE CHAIRMAN OF THE BOARD MAY ELECT TO ADD BOARD MEMBERS, WHO WOULD THEN BE APPROVED BY THE REMAINING BOARD OF DIRECTORS FORM 990,PART VI,SECTION A, LINE 7A - THE CHAIRMAN OF THE BOARD MAY ELECT TO ADD BOARD MEMBERS, WHO WOULD THEN BE APPROVED BY THE REMAINING BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990,PART VI,SECTION B,LINE 11B - COPIES ARE AVAILABLE TO THE BOARD AT THE NEXT BOARD MEETING AFTER THE FILING OF THE FORM 990 RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990,PART VI,SECTION B LINE 12C - INQUIRIES ARE MADE ON AN ANNUAL BASIS WITH DIRECTORS AND KEY EMPLOYEES REGARDING POTENTIAL CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990,PART VI,SECTION B,LINE 15 - THE MEMBERS OF THE BOARD VOTE ON THE PRESIDENTS SALARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990,PART VI,SECTION B, LINE 15B - THE PRESIDENT PROPOSES THE SALARIES OF OFFICERS OR KEY EMPLOYEES, WHICH ARE VOTED ON / APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990,PART VI,SECTION C,LINE 19 - THE FORM 990S ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FORM 990,PART IX,LINE 11G - TRANSPORTATION FOR CHILDCARE $33,549, OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FORM 990,PART IX,LINE 24E - THERE ARE NO EXPENSES CLASSIFIED AS OTHER EXPENSES IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION OPENED AND OPERATED A CHILD CARE FACILITY IN BLOOMFIELD, CT FOR THE ENTIRE YEAR, AFTER COMPLETING THE REMODELING AND CONSTRUCTION OF THE BUILDING IN THE 4TH QUARTER OF 2018, OFFERING THE SAME PROGRAM SERVICES AS THE SPRINGFIELD, MA LOCATION. THE PROGRAM SERVICES REVENUE WAS $493,429 FOR SPRINGFIELD, AND $246,072 FOR THE BLOOMFIELD LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10General explanation attachment
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BISHOP CHARLES W PINK III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04137832231
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW CREATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0200151111
ReturnHeader/Filer/USAddress/AddressLine1Txt0893 BOSTON ROAD
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0011191315
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0437374C6C86756F7370C1351C3034B6134E74676
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0437374C6C86756F7370C1351C3034B6134E74676
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-13

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$1.14$1.38$1.29$1.07$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.42$1.24$1.18$1.19$1.09$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.41$1.34$1.07$1.01$0.87$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.41$1.37$1.04$0.89$0.82$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.91$1.11$0.80$0.99$0.87$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.73$1.04$0.69$0.74$0.79$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.97$0.75$0.42$0.39$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.79$0.65$0.41$0.36$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.67$0.07$0.60$0.43$0.38$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.07$0.59$0.42$0.35$0.07
2014Summary only. Only limited summary data is available for this year.$0.11$0.08$0.03$0.39$0.33$0.07
2013Summary only. Only limited summary data is available for this year.$0.08$0.10$0.02$0.30$0.29$0.01
2012Summary only. Only limited summary data is available for this year.$0.06$0.08$0.03$0.26$0.25$0.01
2011Summary only. Only limited summary data is available for this year.$0.04$0.06$0.03$0.22$0.20$0.02