New Springs Development Corporation is a private foundation focused on Housing & Shelter, based in TAMPA, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it made $110K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$229K
-15.3% YoY
Revenue
$80K
-72.3% YoY
Qualifying Distributions
$110K
+103.9% YoY
Expenses
$117K
+97.9% YoY
Under IRS private-foundation payout rules, New Springs Development Corporation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About New Springs Development Corporation
Based on IRS filings
New Springs Development Corporation is a private foundation focused on Housing & Shelter, based in TAMPA, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it made $110K in qualifying distributions.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $228,658 | $269,894 |
| Revenue | $79,745 | $287,463 |
| Expenses | $117,172 | $59,217 |
| Qualifying Distributions | $110,077 | $53,988 |
| Net Investment Income | — | $258,979 |
| Distributable Amount | $12,465 | $1,677 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Russell Johnson President | President | 5 | — |
| James Rickles Treasurer | Treasurer | 2 | — |
| Douglas Free Officer | Officer | 4 | — |
| Karen Fate Officer | Officer | 2 | — |
| Scott Young Officer | Officer | 2 | — |
| Mike Troke Officer | Officer | 2 | — |
| Kevin Miller Director | Executive Director | 15 | $38,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is New Springs Development Corporation?
New Springs Development Corporation is a private foundation focused on Housing & Shelter, based in TAMPA, FL. It holds $229K in total assets as of 2024.
How large is New Springs Development Corporation?
As of 2024, New Springs Development Corporation holds $229K in total assets with $80K in annual revenue.
Where does New Springs Development Corporation operate?
New Springs Development Corporation has awarded grants in Minnesota.
How much is New Springs Development Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, New Springs Development Corporation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is New Springs Development Corporation's EIN?
New Springs Development Corporation's EIN (Employer Identification Number) is 81-3798337. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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