New Beginnings Are Possible Inc
- Assets
- $1.1m
- Revenue
- $331.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Milwaukee, WI
- Founding
- 06/1999
- Data as of
- 06/2022
- 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 06/2022, New Beginnings Are Possible Inc employed 13 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 06/2022, New Beginnings Are Possible Inc generated $331.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $444.2k during the year ending 06/2022. While expenses have increased by 11.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP FAMILY COMMUNITY AND CAREER CAPABLE YOUNG ADULTS THROUGHT CHRIST-CENTERED TEACHING AND MENTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES - OPERATES 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 |
|---|---|---|---|
John Greene Executive Director 11 Months Director | OfficerTrustee | 40 | $80,000 |
Kimberly Njoroge Interim Executive Director | Officer | 40 | $5,692 |
Todd Johnson Board Chair Treasurer | OfficerTrustee | 3 | $0 |
Rigii Njoroge Director | Trustee | 1 | $0 |
Ronald Williamson Director | Trustee | 1 | $0 |
Josie Veal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,164 |
| Related organizations | $0 |
| Government grants | $80,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,411 |
| Noncash contributions included in lines 1a–1f | $19,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,575 |
| Total Program Service Revenue | $33,896 |
| Investment income | $126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,064 |
| 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. | $5,692 |
| Compensation of current officers, directors, key employees. | $1,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,908 |
| Fees for services: Management | $82,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,233 |
| Advertising and promotion | $0 |
| Office expenses | $57,997 |
| Information technology | $3,028 |
| Royalties | $0 |
| Occupancy | $81,698 |
| Travel | $12,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,989 |
| Insurance | $14,323 |
| All other expenses | $0 |
| Total functional expenses | $444,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,334 |
| Savings and temporary cash investments | $126,489 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $15,000 |
| 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 | $893,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,084,682 |
| Accounts payable and accrued expenses | $37,988 |
| 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 | $0 |
| Total liabilities | $37,988 |
| Net assets without donor restrictions | $1,008,376 |
| 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 | $1,084,682 |