New Beginnings North Carolina Inc
- Assets
- $31.3k
- Revenue
- $41.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, NC
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-2502423
Organization Overview
New Beginnings North Carolina Inc is located in Morrisville, NC. The organization was established in 2019. 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 Beginnings North Carolina 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 12/2022, New Beginnings North Carolina Inc generated $41.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $25.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,306 |
| Interest on Savings | $47 |
| 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 | $0 |
| Total Revenue | $41,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,204 |
| Total operating and administrative expenses | $25,861 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $25,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,328 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,328 |
| Accounts payable and accrued expenses | $81 |
| 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 | $81 |
Grants Awarded
Over the last fiscal year, New Beginnings North Carolina Inc has awarded $12,180 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN FIGHT HOPE PURPOSE: DONATION TO FOUNDATION | $2,000 |
WAKE FOREST DECA PURPOSE: DONATION TO ORGANIZATION | $500 |
CAMP KUNATA-YMCA PURPOSE: HELP KIDS GO TO SUMMER CAMP | $2,190 |
NCFC SCHOLARSHIP FUND PURPOSE: HELP CHILD PAY FOR SOCCER EXPENSES | $500 |
MEGHAN KURTZ PURPOSE: ASSITANCE WITH UTILITY BILL | $290 |
MARQUIS WILLIAMS PURPOSE: NEW CAR DONATION | $4,500 |