A Newcap sign outside of its Green Bay office. PC: Fox 11 Online
GREEN BAY, WI (WTAQ-WLUK) — Newcap’s interim CEO is vowing to “move forward responsibly” as “the organization anticipates closing its doors sometime this year.”
The statement from Deb Barlament comes a day after employees learned that the nonprofit would be closing after June 30. The announcement comes amid questions about Newcap’s use of taxpayer money meant to help low-income residents.
Barlament’s statement:
The work Newcap does matters. Our mission is to move people from poverty to opportunities and economic security while strengthening the communities we serve. The individuals and families who rely on our services remain at the heart of everything we do.
Each member of our staff plays a vital role in advancing this mission. Their experience, compassion, and dedication are essential to the impact we make every day. I believe deeply in this team and in the purpose that brought us all to this work.
Over the past several months, Newcap has faced significant financial challenges. In response, we have implemented staffing reductions and other cost-saving measures to better align our operations with available funding.
At this time, the organization anticipates closing its doors sometime this year. A more specific timeline will be determined as we work through existing grant obligations and funder requirements.
These actions are part of a broader effort to responsibly wind down operations while honoring our commitments and maintaining transparency with our partners and stakeholders. We are actively collaborating with other organizations and funders to help ensure that services continue to be available to the communities we serve.
I understand there are questions regarding accountability for what has occurred at Newcap. As you know, the CEO was placed on administrative leave, and is no longer with Newcap. The Board of Directors asked me to step in during this time. The staff, Board of Directors and I are committed to doing everything we can to address the situation and move forward responsibly.
Newcap has been operating at a $2 million deficit, according to recent tax filings. The state’s Department of Administration also put Newcap under “enhanced financial monitoring” late last year and recently informed the organization it would not be renewing its home weatherization contract due to the organization’s financial uncertainty.
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