New Loan Closing: New Earth Organization
Mentoring California youth
$500,000 bridge loan
New Earth Organization (NEO) provides mentor-based arts, educational, and vocational programs that empower juvenile justice and system-involved youth to make positive, healthy life choices and realize their aspirations. The organization’s founder was himself formerly incarcerated; as such, NEO approaches its work with young people from a place of deep understanding and empathy. At the organization's center in Culver City, young people participate in career training and paid work experience, a fully accredited high school diploma program, mentorship, case management, nature expeditions, arts programming, and wrap-around services that help them re-enter their communities with the support they need to achieve lifelong success.
While it waits for approved funding from the state of California, NEO requested a $500,000 bridge loan from NFF to ensure it has cash on hand to provide these essential services to California youth. They also plan to use the funding to invest in a dedicated development team and social enterprise programs. These investments will both ensure sustainable revenue sources for the organization and create opportunities for the young people it serves.
Learn more about the types of loans we offer to nonprofits and social enterprises on our financing page.