The New Beginnings Center
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$675,000.00
Projected Expenses
$675,000.00
Organizational Budgets and Other Documents
| Annual Budget | 2024 |
| 2022-23 Annual Budget | 2023 |
| 2022 Budget | 2022 |
| 990 | 2022 |
| Annual Budget | 2021 |
| TNBC 2021 Spring Newsletter | 2021 |
| TNBC 2021 Summer Newsletter | 2021 |
| TNBC 6.3.21 Income Statement | 2021 |
| TNBC Balance Sheet 6.30.21 | 2021 |
| TNBC 2019-20 Annual Budget | 2020 |
| TNBC 2020 winter newsletter | 2020 |
| TNBC 2020 Spring Newsletter | 2020 |
| TNBC 2018-19 Annual Budget | 2019 |
| TNBC 2019 summer newsletter | 2019 |
| TNBC 5.19 balance sheet | 2019 |
| TNBC 5.19 income statement | 2019 |
| TNBC southern living article | 2019 |
| TNBC 2019 fall newsletter | 2019 |
| 2017-18 Budget | 2018 |
| 2018 spring newsletter | 2018 |
| TNBC 2017-18 Annual Budget | 2018 |
| TNBC 2018 Contingency Plan | 2018 |
| TNBC 2018 project budget | 2018 |
| TNBC YTD Income March 2018 | 2018 |
| TNBC Fiscal Year Budget | 2017 |
IRS Letter of Exemption
| IRS Determination Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $595,780.00 | $502,843.00 | $438,257.00 |
| Total Expenses | $562,067.00 | $465,150.00 | $414,630.00 |
| Revenue Less Expenses | $33,713.00 | $37,693.00 | $23,627.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $37,901.00 | $37,894.00 |
| Contributions, Gifts, and Grants | $250,932.00 | $256,894.00 | $280,182.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $113,964.00 | $407,785.00 | $65,032.00 |
| Investment Income, Net of Losses | $1,707.00 | $211.00 | $129.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $229,177.00 | $112,591.00 | $55,020.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $465,721.00 | $379,445.00 | $351,673.00 |
| Administration Expense | $46,397.00 | $76,816.00 | $47,352.00 |
| Fundraising Expense | $49,949.00 | $8,889.00 | $15,605.00 |
| Total Revenue/Total Expenses | 106% | 108% | 106% |
| Program Expense/Total Expenses | 83% | 82% | 85% |
| Fundraising Expense/Contributed Revenue | 9% | 2% | 4% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $250,932.00 | Program Revenue $407,785.00 | Contributions, Gifts, and Grants $280,182.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $229,177.00 | Contributions, Gifts, and Grants $256,894.00 | Program Revenue $65,032.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $113,964.00 | Fundraising Events $112,591.00 | Fundraising Events $55,020.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $934,798.00 | $292,738.00 | $295,110.00 |
| Current Assets | $322,878.00 | $261,673.00 | $261,995.00 |
| Long-Term Liabilities | $18,900.00 | $0.00 | $0.00 |
| Current Liabilities | $617,960.00 | $21,400.00 | $61,463.00 |
| Total Net Assets | $297,938.00 | $271,338.00 | $233,647.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022 990 TNBC | 2023 |
| 2021 990 | 2022 |
| 2022 990 | 2022 |
| 2020-21 990 | 2021 |
| 2019-2020 Form 990 | 2020 |
| New Beginnings 2018-19 990 | 2019 |
| New Beginnings Center 2017-18 990 | 2018 |
| New Beginnings Center 2016-2017 990 | 2017 |
| 2015-16 990 | 2016 |
| New Beginnings Center 2015 990 | 2015 |
| New Beginnings Center 2014 990EZ | 2014 |
| New Beginnings Center 2013 990EZ | 2013 |
| New Beginnings Center 2012 990N | 2012 |
| New Beginnings Center 2011 990N | 2011 |
Audit Documents
CEO/Executive Director/Board Comments
| The New Beginnings Center is a non-profit operating in the State of Tennessee. We have completed all registrations and reporting required by the State and Federal government through the year 2022. In our last three fiscal years we have increased our revenues by 25%. |
Foundation Staff Comments
| Financials taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum as these amounts are not separated in Form 990. 990 was prepared by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 02/14/2024. |
