New Life Center Foundation 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
New Life Center helps people who are homeless and hurting go from merely surviving to truly thriving.
Contact information
Mailing address:
New Life Center Foundation
PO Box 1067
Fargo, ND 58107
Website: fargonlc.org
Phone: 701-235-4453
Email: connect@fargonlc.org
Organization details
EIN: 263074998
CEO/President: Rob Swiers
Chairman: Robert Remark
Board size: 9
Founder:
Year founded: 2008
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Our aim is to help the homeless discover value and find hope.
Mission statement
To minister to the needy in the greater Fargo-Moorhead area by providing for the physical and spiritual needs of the needy directly and through the supporting grants to the FUM.
Statement of faith
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 221 of 940 | 52 of 160 |
| Fund acquisition rating | | 258 of 942 | 38 of 160 |
| Resource allocation rating | | 199 of 942 | 39 of 160 |
| Asset utilization rating | | 540 of 940 | 109 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 1% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 1% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 38% | 16% | -742% | 16% | 47% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 62% | 84% | 842% | 84% | 53% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 84% | 85% | 96% | 90% | 98% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 129% | 192% | -4734% | 37% | 75% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 108% | 163% | -4540% | 33% | 73% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | -29% | -92% | 4834% | 63% | 25% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -1% | -1% | -20% | 6% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 16% | 15% | 4% | 10% | 2% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.05 | 0.02 | 0.19 | 0.03 | 0.04 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 0.05 | 0.02 | 0.19 | 0.03 | 0.04 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 258.11 | 531.62 | 62.02 | 365.63 | 280.20 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 2151% | 4430% | 517% | 3047% | 2335% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $64,672 | $100,581 | $64,426 | $169,120 | $104,432 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $2,643,016 | $2,549,299 | $2,364,596 | $2,739,819 | $2,640,802 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,707,688 | $2,649,880 | $2,429,022 | $2,908,939 | $2,745,234 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $0 | $0 | $0 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total assets | $2,707,688 | $2,649,880 | $2,429,022 | $2,908,939 | $2,745,234 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,453,186 | $2,431,729 | $2,215,871 | $2,768,829 | $2,642,927 |
| With donor restrictions | $254,502 | $218,151 | $213,151 | $140,110 | $102,307 |
| Net assets | $2,707,688 | $2,649,880 | $2,429,022 | $2,908,939 | $2,745,234 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $36,958 | $5,071 | $73,672 | $42,187 | $74,533 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $60,539 | $26,021 | ($83,600) | $216,989 | $82,724 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | $60,539 | $26,021 | ($83,600) | $216,989 | $82,724 |
| Total revenue | $97,497 | $31,092 | ($9,928) | $259,176 | $157,257 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $105,139 | $50,755 | $450,743 | $85,727 | $115,319 |
| Management and general | $20,253 | $9,059 | $19,246 | $9,744 | $2,250 |
| Fundraising | $493 | $0 | $0 | $0 | $0 |
| Total expenses | $125,885 | $59,814 | $469,989 | $95,471 | $117,569 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($28,388) | ($28,722) | ($479,917) | $163,705 | $39,688 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($28,388) | ($28,722) | ($479,917) | $163,705 | $39,688 |
Compensation
| Name | Title | Compensation |
| Rob Swiers | Secretary | $110,242 |
Compensation data as of: 6/30/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2020. To update the information below, please email: info@ministrywatch.com
History
Founded as the Glad Tidings Mission, New Life Center has evolved from an organization that primarily conducted religious services and neighborhood outreach work to a Christian multi-faceted emergency and crisis service center.