New Beginnings in Olney, Maryland (MD)

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New Beginnings
Employer Identification Number (EIN)521228623
Name of OrganizationNew Beginnings
In Care of NameCarol Randolph
Address2711 Covered Wagon Way, Olney, MD 20832-2512
ActivitiesOther instruction and training
SubsectionCharitable Organization
Ruling Date11/1981
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$28,677
Amount of Income$43,805
Form 990 Revenue Amount$43,805


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$44,441
Contributions, gifts, grants, and similar amounts received$23,958
Program service revenue including government fees and contracts$20,271
Membership dues and assessments$0
Investment income$212
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$42,928
Total net assets$28,404
Excess for the year$1,513
Net assets or fund balances at beginning of year$26,888
Other changes in net assets or fund balances$3
Balance Sheets (for 2011)
Total assets$28,404
Total liabilities$0
Net assets or fund balances$28,404
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$218,667
Gifts, grants, contributions, and membership fees received$109,333
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$106,933
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$2,401
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