New Beginning Foundation
- Assets
- $996.0k
- Revenue
- $71.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean Grove, NJ
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 38-3860417
Organization Overview
New Beginning Foundation is located in Ocean Grove, NJ. The organization was established in 2012. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginning Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, New Beginning Foundation generated $71.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $62.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New Beginning Foundation has awarded 16 individual grants totaling $153,038. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS COMPLETED THE PROCESS OF BUILDING AND MAINTAINING A HEALTHY AND SAFE PLACE FOR YOUNG PEOPLE AND THEIR FAMILIES TO COME TOGETHER DURING TIMES OF PERSONAL CRISIS. PROPERTY HAS BEEN DONATED AND IS BEING IMPROVED AND BUILT UPON IN FURTHERANCE OF THIS PROGRAM SERVICE.THE EXPENSES INCURRED FOR THIS PROGRAM INCLUDE THE FOLLOWING:INSURANCE 4,214PROFESSIONAL FEE 5,069PROPERTY TAXES 17,250LAND MAINTENANCE 161OFFICE EXPENSE 179UTILITIES 3,109DEPRECIATION 25,871
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Egner President/trustee | 15 | $0 | |
Peter Herr Vice President/trustee | 2 | $0 | |
Stephen Downing Trustee | 1 | $0 | |
Wendy Stockdale Treasurer/trustee | 2 | $0 | |
Roberta Mitchell Secretary/trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109 |
| Total Revenue | $71,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,031 |
| Depreciation | $25,871 |
| Occupancy | $3,270 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,393 |
| Total operating and administrative expenses | $56,634 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $62,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,552 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $961,402 |
| Other assets | $0 |
| Total assets | $995,954 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, New Beginning Foundation has awarded $24,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JERSEY SHORE RESCUE MISSION PURPOSE: CHARITABLE PURPOSES. | $100 |
OGCMA PURPOSE: CHARITABLE PURPOSES. | $14,000 |
ST PAUL UMC PURPOSE: CHARITABLE PURPOSES. | $10,000 |