Its A New Beginning Inc
- Assets
- $11.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 06/2007
- Data as of
- 12/2019
- EIN
- 51-0586788
Organization Overview
Its A New Beginning Inc is located in Staten Island, NY. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Its A New Beginning 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 12/2019, Its A New Beginning Inc generated $4.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.9%) each year. All expenses for the organization totaled $47.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD THE MESSAGE OF JESUS CHRIST AND TO TEACH THE IMPORTANCE OF HAVING A PERSONAL RELATIONSHIP WITH THE LORD. THE ORGANIZATION WILL ACHIEVE THIS BY SPONSORING AND CO-SPONSORING YOUTH SPORTS ACTIVITIES AND OUTREACH EVENTS.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PARTNERED WITH VARIOUS OTHER CHARITIES THAT HAD A VISION FOR YOUTH. THESE ORGANIZATIONS SPONSORED VARIOUS EVENTS FOR WHICH THE PRESIDENT OF IT'S A NEW BEGINNING ATTENDED TO ASSIST IN THE RUNNING OF THE EVENTS.
THE ORGANIZATION DONATED THE ABOVE AMOUNT TO "ATHLETES IN ACTION", WHICH IS AN ORGANIZATION THAT USES PROFESSIONAL ATHLETES TO USE THEIR TESTIMONY TO REACH OUT TO THE YOUTH AND HAVE THEM EVALUATE THEIR OWN LIVES. THERE IS ALSO MINISTERING THAT GOES ON SO THE YOUTH CAN UNDERSTAND WHAT THE ATHLETE HAS OVERCOME TO BE A PROFESSIONAL ATHLETE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Alfonso President | 40 | $18,000 | |
Ignacia Alfonso Secretary | 10 | $0 | |
Dr David Chong Director | 1 | $0 | |
Krista Alfonso Director | 1 | $0 | |
Ralph Castillo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,850 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,029 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,879 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,000 |
| Professional fees and other payments to independent contractors | $90 |
| Occupancy, rent, utilities, and maintenance | $625 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,940 |
| Total expenses | $47,655 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,731 |
| Other assets | $0 |
| Total assets | $11,570 |
| Total liabilities | $4,540 |
| Net assets or fund balances | $7,030 |
Grants Awarded
Over the last fiscal year, Its A New Beginning Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN IMPACT PURPOSE: SUPPORT | $5,000 |
ATHLETES IN ACTION PURPOSE: SUPPORT | $10,000 |