NEW BEGINNING FOUNDATION INC

EIN: 832069185 501(c)(3) Youth Development

PHILADELPHIA, PA

Total Revenue
$111,550
Total Expenses
$100,400
Total Assets
$11,150
Net Assets
$11,150
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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
2018
Legal Domicile
PA
Principal Officer
LEONARD G DENIS
Phone
2674288514
Tax Period
2019-01-01 to 2019-12-31

NEW BEGINNING FOUNDATION INC, founded in 2018, is a small nonprofit in the Youth Development sector that reported $112K in total revenue in fiscal year 2019. Expenses of $100K left a modest 10% surplus.

Mission

TO PROVIDE CHILDREN IN THE INNER CITY WITH SKILLS THAT INCREASE THEIR VERBAL AND MATH LITERACY, AND TO ASSIST THEM IN PROMOTING THEIR CHILDHOOD EDUCATIONAL DEVELOPMENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $111,550
Investment Income $0
Other Revenue $0
TOTAL REVENUE $111,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $97,267
Other Expenses $100,400
TOTAL EXPENSES $100,400

Year-over-Year Comparison

2019 2018 Change
Revenue $111,550 N/A N/A
Expenses $100,400 N/A N/A
Net Income $11,150 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE BENNS TRUSTEE 0.61
Director
$0 $0 $0
GERALDINE DENIS TRUSTEE 0.61
Director
$0 $0 $0
LEONARD G DENIS PRESIDENT 0.61
Officer 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
2019 $111,550 $100,400 $11,150 $11,150
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