Civic Intelligence

New Vision Foundation

990 • Fiscal year 2022 • EIN 81-2114563

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

860 Vandalia StreetSt Paul, MN 55114

(651) 340-9742

Siviq Scores

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

Liabilities / Assets

76th percentile

0.21x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$102,989

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

3rd percentile

-55%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-76%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$548,964

Down $661,093 (-55%) from 2021

Net Assets

Down

$431,627

Down $491,094 (-53%) from 2021

Liabilities

Down

$117,337

Down $169,999 (-59%) from 2021

Revenue

Down

$836,658

Down $2,665,430 (-76%) from 2021

Expenses

Down

$1,053,677

Down $2,431,584 (-70%) from 2021

Net Income

Down

-$217,019

Down $233,846 (-1390%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$548,964
Liabilities$117,337
Net Assets$431,627

Operations Trend

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

2022

Revenue$836,658
Expenses$1,053,677
Net Income-$217,019
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$836,658
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 provide pathways to success by motivating disadvantaged youth and young adults in Minnesota through coding and digital literacy classes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$585,666$182,911▼ $402,755
Land, Buildings, and Equipment, Net$188,217$163,206▼ $25,011
Pledges and Grants Receivable$101,000$130,000▲ $29,000
Accounts Receivable$317,866$72,268▼ $245,598
Prepaid Expenses and Deferred Charges$17,308$579▼ $16,729
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,210,057$548,964▼ $661,093
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$287,336$117,337▼ $169,999
Total Liabilities$287,336$117,337▼ $169,999
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$913,221$419,999▼ $493,222
Net Assets With Donor Restrictions$9,500$11,628▲ $2,128
Total Net Assets Fund Balance$922,721$431,627▼ $491,094
Total Liabilities and Net Assets / Fund Balance$1,210,057$548,964▼ $661,093

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$139,673$82,210$221,883
Equipment$23,533$8,431$31,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hussein FarahExecutive DirectorFT$102,989$102,989

Board Members and Trustees

NameTitle
Stacey Nelson-KumarPresident
Amiin HarunDirector
Amira AdaweDirector
Anil HurkadliDirector
Dan NelsonDirector
Tom GitaaSecretary
Hussein HashiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$763,773
Program Service Revenue
$72,730
Investment Income
$155
Other Revenue
$0
All Other Contributions
$688,773
Change in Net Assets
$-217,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$722,528
Other Expenses$308,649
Total Fundraising Expense$50,189
Professional Fundraising Fees$22,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$520,120$1,959$1,946$524,025
Current Officers, Directors, Trustees, and Key Employees$72,093$15,448$15,448$102,989
Occupancy$62,751$1,522$511$64,784
Other Employee Benefits$43,430$2,569$2,576$48,575
Depreciation Depletion$38,282$6,823$2,280$47,385
Payroll Taxes$44,506$1,233$1,200$46,939
Fees for Services Accounting$35,368$8,781$2,212$46,361
Fees for Services Other$30,768$24$7$30,799
All Other Expenses$25,906$1,459$484$27,849
Advertising$22,609$1,895$370$24,874
Fees for Services Professional Fundraising--$22,500$22,500
Other Expenses$10,428--$10,428
Travel$5,005$930$321$6,256
Insurance$4,464$1,044$286$5,794
Fees for Services Legal-$1,000-$1,000
Office Expenses$766$143$48$957
Total Functional Expenses$958,658$44,830$50,189$1,053,677
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$22,500
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 B, Line 11B

Form 990 was provided to board members electronically, prior to filing.

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

The organization has adopted and instituted conflict of interest policies that have been provided to all board members and employees for familiarization. The management and board members monitor to ensure consistent compliance with the organization's conflict of interest policies.

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

Compensation policies and procedures for all management and key employees are determined by the board members who perform research to ensure the compensation is in line with the job responsibilities and skills of the job holder. The board also ensures employee compensation is consistent with other comparable organizations in similar areas of operations and financial capacity.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Vision Foundation
EIN
81-2114563
Phone
6513409742
Address
860 Vandalia Street, St Paul, MN 55114

Signing Officer

Name
Hussein Farah
Title
Executive Director
Phone
6513409742
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hussein Farah
Formed
2016
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
16
Volunteers
7

Preparer

Firm
JMB Consulting LLC
Address
2622 West Lake St Apt 418, Minneapolis, MN 55416
Preparer
Jeanne Brose EA
Phone
6122756712
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Ceased providing after-school meals for disadvantaged children ages 0-18 years old in St. Paul, MN and Waite Park, MN.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Provided coding and digital literacy classes to Twin Cities schools as well as the greater Minnesota cities of St. Cloud, Wilmar and Rochester. Programs were offered to middle school and high school students, young adults ages 19-35 as well as older adults above 35. In 2022 New Vision served more than 1,200 participants statewide.
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IRS990/OtherExpensesGrp/TotalAmt112720
IRS990/OtherExpensesGrp/TotalAmt212134
IRS990/OtherExpensesGrp/TotalAmt310428
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01946
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01959
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0520120
IRS990/OtherSalariesAndWagesGrp/TotalAmt0524025
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01200
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01233
IRS990/PayrollTaxesGrp/ProgramServicesAmt044506
IRS990/PayrollTaxesGrp/TotalAmt046939
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0101000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0130000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017308
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0579
IRS990/PrincipalOfficerNm0Hussein Farah
IRS990/PriorPeriodAdjustmentsAmt0-274075
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0611420
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072730
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03428167
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0391
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03100987
IRS990/PYProgramServiceRevenueAmt073530
IRS990/PYRevenuesLessExpensesAmt016827
IRS990/PYSalariesCompEmpBnftPaidAmt0384274
IRS990/PYTotalExpensesAmt03485261
IRS990/PYTotalRevenueAmt03502088
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-217019
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt072730
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0763773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03428167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0702985
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0349667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05244592
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0391
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0546
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0174488
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt05244592
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0763773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03428167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0702985
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0349667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05244592
IRS990ScheduleA/TotalSupportAmt05245138
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt023533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08431
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031964
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0139673
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082210
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0221883
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0163206
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd1false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Cullasaja Synergy Consult
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0Barbara Hall
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt012500
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt110000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02136 Ford Parkway 8040
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt11115 Elway Street 218
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0St Paul
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1St Paul
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1MN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd055116
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd155116
IRS990ScheduleG/LicensedStatesCd0MN
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt022500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ceased providing after-school meals for disadvantaged children ages 0-18 years old in St. Paul, MN and Waite Park, MN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 was provided to board members electronically, prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has adopted and instituted conflict of interest policies that have been provided to all board members and employees for familiarization. The management and board members monitor to ensure consistent compliance with the organization's conflict of interest policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation policies and procedures for all management and key employees are determined by the board members who perform research to ensure the compensation is in line with the job responsibilities and skills of the job holder. The board also ensures employee compensation is consistent with other comparable organizations in similar areas of operations and financial capacity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01210057

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