New Beginnings Are Possible Inc
- Assets
- $1.2m
- Revenue
- $456.7k
- Investments
- $0.0
- Employees
- 26
- Location
- Milwaukee, WI
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 39-1913547
Organization Overview
New Beginnings Are Possible Inc is located in Milwaukee, WI. The organization was established in 1999. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, New Beginnings Are Possible Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings Are Possible Inc 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 06/2021, New Beginnings Are Possible Inc generated $456.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $438.9k during the year ending 06/2021. While expenses have increased by 10.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP FAMILY, COMMUNITY AND CAREER CAPABLE YOUNG ADULTS THROUGH CHRIST-CENTERED TEACHING AND MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES - OPERATE A YEAR ROUND FIVE DAY A WEEK AFTER SCHOOL PROGRAM AND FULL SUMMER PROGRAM FOR YOUTH AGED 5 - 17 YEARS OF AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Harrigan Board Chair | OfficerTrustee | 2 | $0 |
Todd Johnson Treasurer | OfficerTrustee | 2 | $0 |
John Greene Secretary/executive Director | Officer | 40 | $0 |
Rigii Njoroge Director | Trustee | 1 | $0 |
Ronald Williamson Director Starting Q4 2020 | Trustee | 1 | $0 |
Michael Burnham Director Starting Q4 2020 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,409 |
| Noncash contributions included in lines 1a–1f | $16,622 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,841 |
| Total Program Service Revenue | $18,551 |
| Investment income | $266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,004 |
| Fees for services: Management | $104,000 |
| Fees for services: Legal | $352 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,769 |
| Advertising and promotion | $0 |
| Office expenses | $51,223 |
| Information technology | $4,680 |
| Royalties | $0 |
| Occupancy | $72,418 |
| Travel | $4,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,402 |
| Insurance | $13,019 |
| All other expenses | $0 |
| Total functional expenses | $438,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,087 |
| Savings and temporary cash investments | $165,586 |
| Pledges and grants receivable | $56,303 |
| Accounts receivable, net | $12,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,309 |
| Net Land, buildings, and equipment | $933,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,188,324 |
| Accounts payable and accrued expenses | $28,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200 |
| Total liabilities | $28,448 |
| Net assets without donor restrictions | $1,121,558 |
| Net assets with donor restrictions | $38,318 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,188,324 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New Beginnings Are Possible Inc has recieved totaling $170,277.
| Awarding Organization | Amount |
|---|---|
Byers Foundation Ltd Thiensville, WI PURPOSE: CHRISTIAN YOUTH CENTER | $75,000 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT GENERAL OPERATIONS | $75,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Direct Supply Foundation Inc Milwaukee, WI PURPOSE: SUPPORT FOR YOUTH MENTORING | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Foundation Bloomfield Hills, MI | $617,807,734 | $98,304,951 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Heart Of West Michigan United Way Grand Rapids, MI | $33,929,267 | $56,856,308 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI | $47,934,420 | $53,063,745 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |