New Beginnings Ministry Inc
- Assets
- $22.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Arthur, TX
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 80-0168547
Organization Overview
New Beginnings Ministry Inc is located in Port Arthur, TX. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings Ministry 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 12/2023, New Beginnings Ministry Inc generated $91.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $105.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Henry Holland Executive Director | 40 | $11,125 | |
Rev Beverly Holland Admin. Director/secretary | 40 | $11,125 | |
Rev Jason Holland President | 0.01 | $0 | |
Rev Russell Hall Vice President | 0.01 | $0 | |
Rev Timothy Franklin Treasurer | 0.01 | $0 | |
Rev Fred Duncan Board Member | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,859 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,913 |
| Other Revenue | $0 |
| Total Revenue | $91,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,576 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,295 |
| Printing, publications, postage, and shipping | $3,133 |
| Other expenses | $76,303 |
| Total expenses | $105,307 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,886 |
| Other assets | $0 |
| Total assets | $22,139 |
| Total liabilities | $10,127 |
| Net assets or fund balances | $12,012 |