New Beginning Resources Inc
- Assets
- $737.3k
- Revenue
- $1.3m
- Investments
- $88.5k
- Employees
- 0
- Location
- Porter, TX
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-0432677
Organization Overview
New Beginning Resources Inc is located in Porter, TX. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginning Resources 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 12/2021, New Beginning Resources Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAITIAN PASTOR SUPPORT AND DISASTER RELIEF - WE ARE PROVIDING SUPPORT TO U.S. AND HAITIAN PASTORS THAT DO MINISTRY IN SEVERAL VILLAGES TO PROVIDE FOR PHYSICAL NEEDS SUCH AS FOOD TRANSPORTATION AND HOUSING FOR LOCAL HAITIANS. WE ALSO CONTINUE TO SUPPORT DISASTER RELIEF EFFORTS AS NEEDED IN THE COUNTRY OF HAITI.
CHRISTIAN SCHOOL SUPPORT AND CONSTRUCTION PROGRAM - WE ARE CONTINUING TO BUILD AND ADD ON TO THE TOWER OF STRENGTH SCHOOL IN SAN PEDRO JOCOPILAS DEL QUICHE. WE SUPPORT THE OPERATIONS OF THE SCHOOL AND WE WILL CONTINUE TO SUPPORT THE MONTHLY ACTIVITIES AND FUTURE CONSTRUCTION OF THE SCHOOL AS IT GROWS.
EVANGELISM AND PASTOR TRAINING PROGRAM - WE HAVE MULTIPLE MISSIONARIES AROUND THE WORLD TRAINING LOCAL CHRISTIANS TO BE BIBLICAL LEADERS IN THEIR LOCAL CHURCHES AND COMMUNITIES AND SHOWING THEM HOW TO SHARE THE GOSPEL IN THEIR COMMUNITY SO OTHERS COME TO FAITH IN JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Leatherman Operating Officer | 20 | $0 | |
Matthew Brouwer Board Member | 3 | $0 | |
Perry L Shaw Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,218,498 |
| 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 | $67,540 |
| Total Revenue | $1,286,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,218 |
| Taxes | $7,367 |
| Depreciation | $10,131 |
| Occupancy | $30,937 |
| Travel, conferences, and meetings | $95,757 |
| Printing and publications | $0 |
| Other expenses | $1,034,246 |
| Total operating and administrative expenses | $1,224,656 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,224,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,535 |
| 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 | $433,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $88,468 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $737,253 |
| Accounts payable and accrued expenses | $36 |
| 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 | $36 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Beginning Resources Inc has recieved totaling $191,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $191,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |