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Filing year 2023

NEW VENTURES INC

LaGrange, Georgia·EIN 58-1124234·NTEE J300 · Employment·501(c)(3)
Total revenue
$3.4M
Total assets
$4.6M
Total expenses
$3.9M
Reported officers
9
Mission

FOUNDED IN 1971, NEW VENTURES, INC. HAS BEEN SERVING TROUP COUNTY FOR 50 YEARS INITIALLY SERVING AS A SHELTERED WORKSHOP FOR THE WEST GEORGIA AREA, WE PROVIDED WORK PROGRAMS AND LEISURE ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. IN RESPONSE TO COMMUNITY NEEDS, OUR PROGRAMS EXPANDED TO INCLUDE WORK EVALUATION, WORK ADJUSTMENT, SHELTERED EMPLOYMENT, AND JOB PLACEMENT. MANY YEARS LATER, THE JOB TRAINING PROGRAM EXPANDED AGAIN TO SERVE INDIVIDUALS WITH OTHER BARRIERS TO EMPLOYMENT. OTHER BARRIERS TO EMPLOYMENT MAY INCLUDE, BUT ARE NOT LIMITED TO, HOMELESSNESS, LACK OF EDUCATION, LACK OF WORK EXPERIENCE, LACK OF TRANSPORTATION, CRIMINAL HISTORY, ETC. THE EXPANSION IN SERVICES LED TO THE ESTABLISHMENT OF OUR MISSION, NEW VENTURES, INC. IS A TRAINING COMPANY THAT TEACHES NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Employment organizations nationwide.

Executive Di
25th percentile to median
$95k
$104k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Employment

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at NEW VENTURES INC equaled 2% of the organization's total expenses. The median for employment organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
3% to 16%

Based on 3,624 employment organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 3%
from 2022

From $93k in 2022 to $95k in 2023.

$93k
2022
$95k
2023
In today's dollarsEst.
Down 2% in real terms$106k to $104k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2022 to 2023, while revenue fell 34%.

$93k in 2022 to $95k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NEW VENTURES INC

What does the Chief Executive Officer of NEW VENTURES INC earn?

In 2023, the Chief Executive Officer of NEW VENTURES INC received $95,369 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Employment organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW VENTURES INC compare with similar nonprofits?

Compared with the same role at Employment organizations nationwide, the 2023 pay of the Chief Executive Officer at NEW VENTURES INC falls between the 25th percentile and the median. In 2023, the highest total compensation at NEW VENTURES INC equaled 2% of the organization's total expenses. The median for employment organizations is 7%.

What are NEW VENTURES INC's revenue and expenses?

In 2023, NEW VENTURES INC reported $3.4M in total revenue and $3.9M in total expenses on its IRS Form 990.

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