New Beginnings FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)EducationEIN 90-0936324

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Childcare and learning

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $148K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
110%
of spending
Looks good: 110% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $591K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$749K
+52% vs prior year
Spent
$596K
To programs
110%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$749K
FY2022▲ +52%
Revenue by fiscal year
FY2020$475K
FY2021$492K
FY2022$749K
FY2023$1.6M
FY2024$0
Expenses
$596K
FY2022▲ +119%
Expenses by fiscal year
FY2020$401K
FY2021$272K
FY2022$596K
FY2023$590K
FY2024$742K
Net assets
$2.1M
FY2022▲ +126%
Net assets by fiscal year
FY2020$895K
FY2021$919K
FY2022$2.1M
FY2023$3.1M
FY2024$5.1M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

110 cents of each dollar spent went to programs.

Program services 110% · $654K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See New Beginnings executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

New Beginnings is an education nonprofit based in Indianapolis, IN.

Provided by the organization

This section is blank until New Beginnings claims this page.

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1 program service account for $654K of program spending, described in the organization's own filed words · FY2022.
01

Chilcare and education

$654Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$591K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$749K
Ln 12
Gifts and grantsLn 1h$749K
Money outPt IX
$596K
Ln 25
Programscol B$654K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$749K
Total revenueLn 12$749K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$351K
Cash and savings togetherLn 1–2$472K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$394K$472K
Land, buildings, equipmentLn 10c$1.3M$1.6M
Total assetsLn 16$1.7M$2.1M
LiabilitiesLn 26$800K$0
Net assetsLn 32$919K$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$112K$112K
Payroll taxesLn 10$34K$34K
Other fees for servicesLn 11g$320K$320K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$119K$119K
Total functional expensesLn 25$596K$654K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$742K−$742K$5.1M 990 PDF
FY2023 $1.6M$590K$1.0M$3.1M 990 PDF
FY2022 Viewing $749K$596K$153K$2.1M 990 PDF
FY2021 $492K$272K$220K$919K 990 PDF
FY2020 $475K$401K$74K$895K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $749,168 across 4 lines filed
VIII-1f All other contributions, gifts and grants$749,168
VIII-1h Total contributions, gifts and grants$749,168
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$749,168
Part IX · Statement of functional expenses $595,754 across 5 lines filed
IX-7 Other salaries and wagesPrograms $112,065$112,065
IX-10 Payroll taxesPrograms $34,144$34,144
IX-11g Other fees for servicesPrograms $320,330$320,330
IX-23 InsurancePrograms $10,127$10,127
IX-24 Other expenses (24a–d)Programs $119,088$119,088
IX-25 Total functional expensesPrograms $653,804 · Management $0 · Fundraising $0$595,754
Part X · Balance sheet $2,076,100 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $72,923$121,028
X-2 Savings and temporary cash investmentsStart of year $321,114$351,172
X-10c Land, buildings and equipment, netStart of year $1,325,000$1,603,900
X-16 Total assetsStart of year $1,719,037$2,076,100
X-26 Total liabilitiesStart of year $800,000$0
X-32 Total net assets or fund balancesStart of year $919,037$2,076,100
X-33 Total liabilities and net assetsStart of year $1,719,037$2,076,100
Part XI · Reconciliation of net assets $2,076,100 net assets at year end
XI-1 Total revenue$749,168
XI-2 Total expenses$595,754
XI-3 Revenue less expenses$153,414
XI-4 Net assets at start of year$919,037
XI-10 Net assets at end of year$2,076,100

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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