New Beginnings Foundation in Charlotte, North Carolina (NC)

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New Beginnings Foundation
Employer Identification Number (EIN)562219656
Name of OrganizationNew Beginnings Foundation
Address5145 Swearingan Rd, Charlotte, NC 28216-2929
SubsectionCharitable Organization
Ruling Date04/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1 to $9,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$5,336
Amount of Income$2,254
Form 990 Revenue Amount$-4,426
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Homeless Persons Centers, Services


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Amount of income in 2012: $2,254 (it was $5,000 in 2011)
New Beginnings Foundation: 

 $2,254
Other organizations performing similar types of work: 

 $124,387

Assets in 2012: $5,336 (it was $6,990 in 2011)
This organization: 

 $5,336
Other organizations performing similar types of work: 

 $71,398

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$-4,426$0$0
Contributions, gifts, grants, etc., received$5,000
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$28,155$0$0$0
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$28,155$0$0
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-32,581
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$6,990$6,990
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$6,990
Total liabilities$15,394
Mortgages and other notes payable$0
Other$15,394
Total liabilities and net assets/fund balances$-8,404
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$-9,426
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0
Net value of noncharitable-use assets$0
Minimum investment return$0
Distributable Amount (for 2011)
Distributable amount$0
Undistributed Income (for 2011)
Distributable amount for 2011$0
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Pine Street Inn Inc434 Harrison Ave, Boston, MA 02118-2404MA1974-05$53,444,645
2St Vincent De Paul Social Services Inc1133 S Edwin C Moses Blvd No 308, Dayton, OH 45417-4078OH2010-02$4,164,125
3Bread Of Life Mission97 S Main St, Seattle, WA 98104-2513WA2005-02$2,665,090
4Carolina Homeless Veterans IncPO BOX 31506, Charleston, SC 29417-1506SC2003-05$265,257
5Family Promise Of Baldwin Countyinc20511 County Road 36, Summerdale, AL 36580-3129AL2007-02$257,396
6Zezzo House Corporation184-186 Homestead Avenue No 1a, Hartford, CT 06112CT1993-12$211,328
7Mid Florida Homeless Coalition IncPO BOX 3031, Inverness, FL 34451-3031FL2001-07$209,857
8Mad Ministries7100 S Boulder Rd, Boulder, CO 80303-4331CO2005-05$78,912
9Pathways To Housing Dc101 Q St Ne Ste G, Washington, DC 20002-2166DC2004-04$7,153,510
10Hope MinistriesPO BOX 862, Des Moines, IA 50304-0862IA2001-04$6,413,413
11Back On My Feet100 S Broad St Ste 1400, Philadelphia, PA 19110-1005PA2008-08$4,981,439
12Strategies To End Homelessness Inc2368 Victory Pkwy Ste 600, Cincinnati, OH 45206-2850OH2007-11$4,157,777
13North County Solutions For Change Inc722 W California Avenue, Vista, CA 92083-3565CA2000-06$3,072,718
14Alternatives Living Inc4219 Magnolia St, New Orleans, LA 70115-6207LA1997-07$2,893,795
15Lodestar Day Resource Center1125 W Jackson St, Phoenix, AZ 85007-3114AZ2007-08$2,030,868
16Alexandria House436 S Alexandria Ave, Los Angeles, CA 90020-2703CA2001-03$1,757,337
17Homeless Assistance Leadership Organization Incorporated, Halo2000 De Koven Ave Unit 1 Unit, Racine, WI 53403-2481WI2005-02$1,726,913
18Quest 35 Inc878 Rock St Nw, Atlanta, GA 30314-3377GA2001-08$1,587,944
19Arundel House Of Hope Incorporated514 N Crain Highway, Glen Burnie, MD 21061-3063MD1997-10$1,461,034
20Cosac Foundation Inc, Helping Hands Of America4611 S University Dr Pmb 157, Davie, FL 33328-3817FL1998-04$1,395,698
21Catherine Mcauley Center430 Pittston Ave, Scranton, PA 18505-1116PA2007-08$1,339,798
22Community Alliance For The Homeless Inc44 N 2nd St Ste 302, Memphis, TN 38103-2267TN1995-11$1,271,447
23Homeless And Travelers Aid SocietyOf The Capital District Inc 138 Cen, Albany, NY 12206NY1968-04$1,258,689
24Lazarus House214 Walnut St, St Charles, IL 60174-2836IL1998-03$1,186,180
25H E L P Development Corp5 Hanover Sq Fl 17, New York, NY 10004-2682NY1996-07$1,169,261
26Housing Trust Fund Of Northern Virginia Inc, Homeaid Northern Virginia3684 Centerview Dr Ste 110-B, Chantilly, VA 20151-4301VA2009-08$1,168,592
27Bethesda House Of Schenectady Inc834 State Streetet, Schenectady, NY 12307NY1999-06$1,118,556
28Lois LodgePO BOX 35188, Charlotte, NC 28235-5188NC1999-02$356,953
29Rockingham County Help For Homeless IncPO BOX 406, Madison, NC 27025-0406NC2000-08$170,570
30New Beginnings Foundation5145 Swearingan Rd, Charlotte, NC 28216-2929NC2001-04$2,254
Number of organizations performing similar types of work
Alaska6
Alabama14
Arkansas10
Arizona17
California147
Colorado13
Connecticut5
District of Columbia13
Delaware1
Florida77
Georgia52
Hawaii4
Iowa7
Idaho3
Illinois51
Indiana16
Kansas5
Kentucky10
Louisiana15
Massachusetts13
Maryland24
Michigan20
Minnesota10
Missouri8
Mississippi8
North Carolina36
North Dakota2
Nebraska1
New Hampshire6
New Jersey18
New Mexico4
Nevada12
New York42
Ohio28
Oklahoma3
Oregon12
Pennsylvania30
Rhode Island4
South Carolina19
Tennessee35
Texas68
Utah1
Virginia24
Washington34
Wisconsin10
West Virginia4
Wyoming3
International5
Total950

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