Overview

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Closed

This organization closed in 2024. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Est.

2006

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Newspring is a nonprofit organization dedicated to economic development through visual arts and mentoring programs, aiming to empower historically underserved individuals and their families for success in the 21st century economy. With an operating budget of $478.5K and total revenue of $346.4K for the 2024 filing year, Newspring relies on a diverse range of funders, none of which contribute 50% or more of its revenue. More information can be found on their website, Newspringcenter.org.

Mission Statement

NewSpring delivers visual arts and mentoring programs that inspire students and their families to achieve a better life by empowering historically underserved individuals for success in the 21st century economy.
Revenues
$346.4K
Expenses
$512.5K
Net Income:
-$166.1K
Assets
$0
Liabilities
$0
Net Assets:
+$0
Operating Budget
$478.5K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$35K
Largest grant received
$50K
S
Sheri Suarez Foreman
Board Member
W
Walter Mata
Board Member
D
Deborah Grabein
Board Member

Frequently Asked Questions

What is Newspring’s budget?
In 2024, Newspring reported an annual operating budget of around $478 thousand. More detailed financial information is available to registered users.
What causes does Newspring support?
Newspring supports work in Economic development.
Where does Newspring operate?
Newspring is headquartered in Houston, TX.
Who funded Newspring recently?
In 2024, Newspring received grants from LATIN WOMENS INITIATIVE, THE HOUSTON FUND FOR SOCIAL JUSTICE AND ECONOMIC EQUITY, and Houston Arts Alliance. More information on this organization’s funders is available to registered users.
What is the largest grant Newspring received in 2024?
The largest grant to Newspring in 2024 exceeds $50 thousand.
What is Newspring’s reliance on government grants?
Newspring relied on government grants for more than 20% of their total revenue in 2024.