New Beginnings Bluegrass Inc
- Assets
- $3.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Lexington, KY
- Founding
- 01/1998
- Data as of
- 06/2022
- EIN
- 61-1315605
Organization Overview
New Beginnings Bluegrass Inc is located in Lexington, KY. The organization was established in 1998. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, New Beginnings Bluegrass Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings Bluegrass 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 Bluegrass Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PERMANENT HOUSING AND SUPPORTIVE SERVICES TO INDIVIDUALS WITH SERIOUS MENTAL ILLNESS.
Describe the Organization's Program Activity:
NEW BEGINNINGS BLUEGRASS INC. (NBB) PROVIDES A CONTINUUM OF PERMANENT HOUSING AND SUPPORTIVE SERVICES TO INDIVIDUALS WITH SERIOUS MENTAL ILLNESS. THE NUMBER OF INDIVIDUALS HOUSED AND SERVED CONTINUTES TO INCREASE COMPARED TO PRIOR YEAR AS A RESULT OF AN INITIATIVE TO EXPAND NBB OWNED PROPERTIES AS WELL AS PLACE INDIVIDUALS IN COMMUNITY-BASED HOUSING. NBB CONTINUES TO FOCUS ON PROVIDING COMMUNITY-BASED, RECOVERY-ORIENTED HOUSING IN THE LEAST RESTRICTIVE ENVIRONMENT POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Shuffett Executive Director | Officer | 40 | $91,962 |
Anita Lakes Assistant Director Of Programs | Officer | 40 | $67,340 |
Bryan Adams Finance Director | Officer | 35 | $56,278 |
Art Crosby Chairman | Trustee | 0.5 | $0 |
Rick Christman Vice Chairman | Trustee | 0.5 | $0 |
Nathan Millay Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,587,847 |
| Investment income | $200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,772,160 |
| Statement of Expenses | |
|---|---|
| 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. | $266,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,923 |
| Pension plan accruals and contributions | $8,478 |
| Other employee benefits | $62,234 |
| Payroll taxes | $43,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,906 |
| Information technology | $15,705 |
| Royalties | $0 |
| Occupancy | $283,204 |
| Travel | $9,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,158 |
| Interest | $19,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,492 |
| Insurance | $60,998 |
| All other expenses | $0 |
| Total functional expenses | $1,733,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $701,065 |
| Savings and temporary cash investments | $474,646 |
| Pledges and grants receivable | $323,193 |
| Accounts receivable, net | $3,328 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,500 |
| Total assets | $3,312,769 |
| Accounts payable and accrued expenses | $23,296 |
| Grants payable | $0 |
| Deferred revenue | $76,618 |
| 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 | $605,018 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,966 |
| Total liabilities | $756,898 |
| Net assets without donor restrictions | $2,555,871 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,555,871 |