Civic Intelligence

New Vision Foundation

990 • Fiscal year 2019 • EIN 81-2114563

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization Profilewww.nu-viz.org
1808 Riverside Ave Room 210Minneapolis, MN 55454

(612) 470-3332

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$73,750

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

324%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

204%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$295,575

Up $225,926 (+324%) from 2018

Net Assets

Up

$290,253

Up $224,735 (+343%) from 2018

Liabilities

Up

$5,322

Up $1,191 (+29%) from 2018

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin93rd percentile

Revenue

Up

$412,258

Up $276,516 (+204%) from 2018

Expenses

Up

$187,523

Up $85,583 (+84%) from 2018

Net Income

Up

$224,735

Up $190,933 (+565%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $33,909Liabilities 2017: $558Net Assets 2017: $33,3512017Assets 2018: $69,649Liabilities 2018: $4,131Net Assets 2018: $65,5182018Assets 2019: $295,575Liabilities 2019: $5,322Net Assets 2019: $290,2532019Assets 2020: $734,157Liabilities 2020: $56,546Net Assets 2020: $677,6112020Assets 2021: $1,210,057Liabilities 2021: $287,336Net Assets 2021: $922,7212021Assets 2022: $548,964Liabilities 2022: $117,337Net Assets 2022: $431,6272022Assets 2023: $809,224Liabilities 2023: $146,390Net Assets 2023: $662,8342023Assets 2024: $501,095Liabilities 2024: $44,052Net Assets 2024: $457,0432024

Highlighted filing

2019

Assets$295,575
Liabilities$5,322
Net Assets$290,253
Open 2019 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $75,571Expenses 2017: $42,220Net Income 2017: $33,3512017Revenue 2018: $135,742Expenses 2018: $101,940Net Income 2018: $33,8022018Revenue 2019: $412,258Expenses 2019: $187,523Net Income 2019: $224,7352019Revenue 2020: $731,213Expenses 2020: $343,855Net Income 2020: $387,3582020Revenue 2021: $3,502,088Expenses 2021: $3,485,261Net Income 2021: $16,8272021Revenue 2022: $836,658Expenses 2022: $1,053,677Net Income 2022: -$217,0192022Revenue 2023: $1,311,594Expenses 2023: $1,135,076Net Income 2023: $176,5182023Revenue 2024: $1,051,574Expenses 2024: $1,257,365Net Income 2024: -$205,7912024

Highlighted filing

2019

Revenue$412,258
Expenses$187,523
Net Income$224,735
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$412,258
Mission and Program Overview

Mission

New Vision Foundation is working with disadvantaged youth in Minnesota and is seeking a large scale embracing of information technology as a catalyst for wage and income growth. We believe that equitable access to information technology will be a major driver to creating a more inclusive and harmonious life for all Minnesotans.

To create pathways to success by motivating disadvantaged youth in Minnesota through coding and digital literacy classes engage responsible companies in IT philanthropy and inspire progress toward global sustainable dev

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$290,253-
Cash and Non-Interest-Bearing Accounts$35,610$172,055▲ $136,445
Accounts Receivable$33,200$122,871▲ $89,671
Land, Buildings, and Equipment, Net$839$649▼ $190
Total Assets$69,649$295,575▲ $225,926
Liabilities
Accounts Payable and Accrued Expenses$4,131$5,322▲ $1,191
Total Liabilities$4,131$5,322▲ $1,191
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$65,518$184,829▲ $119,311
Net Assets With Donor Restrictions-$105,424-
Total Net Assets Fund Balance$65,518$290,253▲ $224,735
Total Liabilities and Net Assets / Fund Balance$69,649$295,575▲ $225,926

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$649$301$950
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hussein FarahExecutive DirectorFT$73,750$73,750

Board Members and Trustees

NameTitle
Tony PeleskaBoard Chair
Amira AdaweBoard Member
Angaluki MuakaBoard Member
Brian SingerBoard Member
Dan NelsonBoard Member
Evan BerquistBoard Member
Scott GrausnickBoard Member
Tom GitaaBoard secretary
Hussein HashiBoard Treasury
Revenue and Support

Revenue Composition

Contributions and Grants
$349,667
Program Service Revenue
$62,591
Investment Income
$0
Other Revenue
$0
All Other Contributions
$244,243
Change in Net Assets
$224,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$153,841
Other Expenses$33,682
Total Fundraising Expense$16,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,875$22,125$14,750$73,750
Other Salaries and Wages$68,000--$68,000
Payroll Taxes$8,991$1,860$1,240$12,091
Travel$6,321--$6,321
Conferences and Meetings-$3,299-$3,299
Insurance-$3,100-$3,100
Occupancy-$1,843-$1,843
Information Technology-$1,020$66$1,086
Fees for Services Accounting$250$250-$500
Fees for Services Other$315--$315
Other Expenses$6,315$255-$255
Office Expenses$223--$223
Depreciation Depletion-$190-$190
Fees for Services Management$125--$125
Total Functional Expenses$137,525$33,942$16,056$187,523
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Form 990, Part VI, Section Section B, Line 12C

“Board members sign a document to disclose annual interests that could give rise to conflicts.”

Form 990, Part VI, Section Section B, Line 15

“Independent Executive committe evaluates the Executive Director performance and authorizes any necessary pay increase. Employees are evaluated through performance evaluations conducted by the Executive Director. Executive Director determines employees compensation based on their performance and comparability data.”

Form 990, Part VI, Section Section C, Line 18

“New Vision foundation has its annual form 990 publicly posted on their organizational website.”

Filing and Contact Details

Filer

Filer Name
New Vision Foundation
EIN
81-2114563
Address
1808 Riverside Ave Room 210, Minneapolis, MN 55454

Signing Officer

Name
Hussein Farah
Title
Executive Director
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hussein Farah
Formed
2016
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Farida Accounting Consulting Services
Address
2910 Pillsbury Ave S, Minneapolis, MN 55408
Preparer
Farida Mohamed
Phone
6128600883
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“The mission of New Vision Foundation is to create pathways to success by motivating disadvantaged youth in Minnesota through coding and digital literacy classes engage responsible companies in IT philanthropy and inspire progress toward global sustainable development.”

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IRS990ScheduleD/EquipmentGrp/BookValueAmt0649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0950
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0649
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The mission of New Vision Foundation is to create pathways to success by motivating disadvantaged youth in Minnesota through coding and digital literacy classes engage responsible companies in IT philanthropy and inspire progress toward global sustainable development.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members sign a document to disclose annual interests that could give rise to conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Independent Executive committe evaluates the Executive Director performance and authorizes any necessary pay increase. Employees are evaluated through performance evaluations conducted by the Executive Director. Executive Director determines employees compensation based on their performance and comparability data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3New Vision foundation has its annual form 990 publicly posted on their organizational website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section Section C, Line 18
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0349667
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016056
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033942
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0137525
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187523
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceExpensesAmt0137525
IRS990/TotalProgramServiceRevenueAmt062591
IRS990/TotalReportableCompFromOrgAmt073750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0412258
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0295575
IRS990/TravelGrp/ProgramServicesAmt06321
IRS990/TravelGrp/TotalAmt06321
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt01808 Riverside Ave Suite 210
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0https://www.nu-viz.org/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Hussein Farah
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Vision Foundation
ReturnHeader/Filer/BusinessNameControlTxt0NEWV
ReturnHeader/Filer/EIN0812114563
ReturnHeader/Filer/USAddress/AddressLine1Txt01808 Riverside Ave Room 210
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09EF524DE1EC4BDE5C555AC91F4319037146E1BFE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.37.188.178
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm019:21:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Farida Accounting Consulting Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02910 Pillsbury Ave S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055408
ReturnHeader/PreparerPersonGrp/PhoneNum06128600883
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Farida Mohamed
ReturnHeader/ReturnTs02020-11-16T05:21:41-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$295,575
Liabilities
$5,322
Net assets
$290,253
Revenue
$412,258
Expenses
$187,523
Net income
$224,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.04$0.46$1.05$1.26$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.15$0.66$1.31$1.14$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.12$0.43$0.84$1.05$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.29$0.92$3.50$3.49$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.06$0.68$0.73$0.34$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.41$0.19$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.14$0.10$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.08$0.04$0.03