NEW BEGINNING EDUCATION CENTER INC

EIN: 815221725 501(c)(3) Education

BELLEVIEW, FL

Total Revenue
$952,008
Total Expenses
$1,080,643
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
DARSHANA DOSHI
Phone
3523624937
Tax Period
2023-01-01 to 2023-12-31

NEW BEGINNING EDUCATION CENTER INC, founded in 2017, is a small nonprofit in the Education sector that reported $952K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

EDUCATION CENTER

Program Service Accomplishments

Program 1
Expenses: $1,080,643 Revenue: $952,008

DURING THE YEAR NEW BEGINING EDUCATION CENTER INC PROVIDED SERVICES FOR TITLE XX CHILDREN WHO WERE SPONSORED BY CHILDHOOD DEVELOPMENT SERVICES OF MARIONCUNTY, FLORIDA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $952,008
Investment Income $0
Other Revenue $0
TOTAL REVENUE $952,008

Expense Breakdown

Grants Paid $0
Salaries & Benefits $610,744
Fundraising Expenses $0
Program Expenses $1,080,643
Other Expenses $469,899
TOTAL EXPENSES $1,080,643

Year-over-Year Comparison

2023 2022 Change
Revenue $952,008 $753,210 +0.3%
Expenses $1,080,643 $750,514 +0.4%
Net Income $-128,635 $2,696 -48.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
6
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$68,821
Total Directors
6
$68,821
Key Employees
1
$43,250
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARSHANA DOSHI PRESIDENT 40.00
Officer Director Key Emp Highest
$43,250 $0 $43,250
HEMANT DOSHI SECRETARY 40.00
Officer Director
$25,571 $0 $25,571
GARY W SLOWERS DIRECTOR 1.00
Director Highest
$0 $0 $0
VIVIAN M FLOWERS DIRECTOR 1.00
Director
$0 $0 $0
NATASHA Y OLIVER DIRECTOR 1.00
Director
$0 $0 $0
TARA CAVAKIS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $952,008 $1,080,643 No data $-128,635
2022 $753,210 $750,514 No data $2,696
2021 $823,506 $685,739 $381,192 $137,767
2020 $729,304 $664,600 No data $64,704
2019 $732,403 $736,821 $28,920 $-4,418
2018 $717,767 $707,903 $33,236 $9,864
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