New Life Center Foundation 
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 | | 695 of 725 | 143 of 145 |
| Fund acquisition rating | | 726 of 726 | 145 of 145 |
| Resource allocation rating | | 726 of 726 | 145 of 145 |
| Asset utilization rating | | 389 of 725 | 94 of 145 |
Financial ratios
| Funding ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | -742% | 16% | 47% | 42% | 53% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 9% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 842% | 84% | 53% | 58% | 47% |
| Operating ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 96% | 90% | 98% | 100% | 99% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | -4734% | 37% | 75% | 629% | 52% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | -4540% | 33% | 73% | 627% | 51% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 4834% | 63% | 25% | -529% | 48% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -20% | 6% | 1% | -18% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 4% | 10% | 2% | 0% | 1% |
| Investing ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.62 | 0.19 | 0.03 | 0.04 | 0.21 | 0.03 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.93 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.50 | 0.19 | 0.03 | 0.04 | 0.21 | 0.03 |
| Liquidity ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.61 | 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) | 4.24 | 62.02 | 365.63 | 280.20 | 56.38 | 379.59 |
| Solvency ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 144% | 517% | 3047% | 2335% | 470% | 3163% |
Financials
| Balance sheet | |||||
| Assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Cash | $64,426 | $169,120 | $104,432 | $52,740 | $151,389 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $2,364,596 | $2,739,819 | $2,640,802 | $2,652,806 | $3,054,518 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,429,022 | $2,908,939 | $2,745,234 | $2,705,546 | $3,205,907 |
| 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 | $2,429,022 | $2,908,939 | $2,745,234 | $2,705,546 | $3,205,907 |
| Liabilities | 2018 | 2017 | 2016 | 2015 | 2014 |
| 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 | 2018 | 2017 | 2016 | 2015 | 2014 |
| Unrestricted | $2,215,871 | $2,768,829 | $2,642,927 | $2,670,103 | $3,205,907 |
| Temporarily restricted | $0 | $0 | $0 | $0 | $0 |
| Permanently restricted | $213,151 | $140,110 | $102,307 | $35,443 | $0 |
| Net assets | $2,429,022 | $2,908,939 | $2,745,234 | $2,705,546 | $3,205,907 |
| Revenues and expenses | |||||
| Revenue | 2018 | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $73,672 | $42,187 | $74,533 | $38,121 | $102,855 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($83,600) | $216,989 | $82,724 | $53,409 | $92,385 |
| Other revenue | $0 | $0 | $0 | $0 | $0 |
| Total other revenue | ($83,600) | $216,989 | $82,724 | $53,409 | $92,385 |
| Total revenue | ($9,928) | $259,176 | $157,257 | $91,530 | $195,240 |
| Expenses | 2018 | 2017 | 2016 | 2015 | 2014 |
| Program services | $450,743 | $85,727 | $115,319 | $573,679 | $100,000 |
| Management and general | $19,246 | $9,744 | $2,250 | $2,151 | $1,348 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $469,989 | $95,471 | $117,569 | $575,830 | $101,348 |
| Change in net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | ($479,917) | $163,705 | $39,688 | ($484,300) | $93,892 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($479,917) | $163,705 | $39,688 | ($484,300) | $93,892 |
Compensation
| Name | Title | Compensation |
| Rob Swiers | Secretary | $105,590 |
Compensation data as of: 12/31/2018
Response from ministry
No response has been provided by this ministry.
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.