Civic Intelligence

New Beginnings Thoroughbreds Inc

EIN 46-4909403 • 501(c)3 • East Amwell, NJ

Profile

To retrain and secure well-qualified and loving adoptive homes for off the track thoroughbreds.

309 Wertsville RoadEast Amwell, NJ 08851

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

54th percentile

4.8%

Higher net margin than 54% of similar nonprofits.

NTEE Z99 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$2,660

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

NTEE Z99 • <$500k nonprofits • Source year 2024

Asset Growth

76th percentile

23%

Faster asset growth than 76% of similar nonprofits.

NTEE Z99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

-2.7%

Faster revenue growth than 46% of similar nonprofits.

NTEE Z99 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,150

Up $2,672 (+23%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$14,150

Up $2,672 (+23%) from 2023

Revenue

Down

$55,890

Down $1,565 (-2.7%) from 2023

Expenses

Down

$53,218

Down $5,643 (-9.6%) from 2023

Net Income

Up

$2,672

Up $4,078 (+290%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2014: $968Liabilities 2014: $02014Assets 2015: $5,542Liabilities 2015: $0Net Assets 2015: $5,5422015Assets 2016: $5,376Liabilities 2016: $0Net Assets 2016: $5,3762016Assets 2017: $5,860Liabilities 2017: $0Net Assets 2017: $5,8602017Assets 2018: $4,640Net Assets 2018: $4,6402018Assets 2019: $13,052Net Assets 2019: $13,0522019Assets 2020: $18,547Net Assets 2020: $18,5472020Assets 2021: $16,080Net Assets 2021: $16,0802021Assets 2022: $12,884Net Assets 2022: $12,8842022Assets 2023: $11,478Net Assets 2023: $11,4782023Assets 2024: $14,150Net Assets 2024: $14,1502024

Highlighted filing

2024

Assets$14,150
Liabilities-
Net Assets$14,150

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2014: $3,427Expenses 2014: $2,459Net Income 2014: $9682014Revenue 2015: $8,641Expenses 2015: $4,067Net Income 2015: $4,5742015Revenue 2016: $15,476Expenses 2016: $15,424Net Income 2016: $522016Revenue 2017: $19,187Expenses 2017: $18,703Net Income 2017: $4842017Revenue 2018: $20,344Expenses 2018: $21,564Net Income 2018: -$1,2202018Revenue 2019: $48,790Expenses 2019: $40,378Net Income 2019: $8,4122019Revenue 2020: $54,679Expenses 2020: $49,184Net Income 2020: $5,4952020Revenue 2021: $43,094Expenses 2021: $45,561Net Income 2021: -$2,4672021Revenue 2022: $47,705Expenses 2022: $50,901Net Income 2022: -$3,1962022Revenue 2023: $57,455Expenses 2023: $58,861Net Income 2023: -$1,4062023Revenue 2024: $55,890Expenses 2024: $53,218Net Income 2024: $2,6722024

Highlighted filing

2024

Revenue$55,890
Expenses$53,218
Net Income$2,672

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 4, 2025
Return Version
2024v5.0
Gross Receipts
$55,890
Mission and Program Overview

Mission

To retrain and secure well-qualified and loving adoptive homes for off the track thoroughbreds.

Program Services

DescriptionGrantsExpenses
Provided safe boarding and shelter for 7 horses.$30,083$30,083
Provided veterinary, other health, training and related servicesrequired in care of the well-being of each horse.$340$12,629
Provided horse feed and necessary supplies.$0$1,901
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle HorganCo-Executive DirectorPT$0$2,660$2,660
Jaime KellyPresidentPT$0--
Nicole McKinleyCo-Executive DirectorPT$0--
Margaret CarlsenTreasurerPT$0--
Joanna VrancartVice PresidentPT$0--
Karen PeretzVolunteer CoordinatorPT$0--
Jane LeGardSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
New Beginnings Thoroughbreds Inc
EIN
46-4909403
Phone
7324064036
Address
309 Wertsville Road, East Amwell, NJ 08851

Signing Officer

Name
Michelle Horgan
Title
Co-Executive Director
Phone
7324064036
Signed
2025-03-04
Discuss with paid preparer
Yes

Preparer

Firm
Professional Accounting & Tax Serv
Address
3 CUOMO CT, MILLSTONE TOWNSHIP, NJ 08535
Preparer
George Campelo
Phone
7327920659
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

Accounting 788.

Form 990EZ, Part I, Line 16

Bank fees 100.

Form 990EZ, Part I, Line 16

Feed, supplies 1901.

Form 990EZ, Part I, Line 16

Fundraising costs 3703.

Form 990EZ, Part I, Line 16

Insurance 3795.

Form 990EZ, Part I, Line 16

Taxes and fees 116.

Form 990EZ, Part I, Line 16

Web services 47.

Raw XML Appendix189 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jaime Kelly
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Michelle Horgan
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Secretary
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 788.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank fees 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Feed, supplies 1901.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fundraising costs 3703.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance 3795.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michelle Horgan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07324064036
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Beginnings Thoroughbreds Inc
ReturnHeader/Filer/BusinessNameControlTxt0NEWB
ReturnHeader/Filer/EIN0464909403
ReturnHeader/Filer/PhoneNum07324064036
ReturnHeader/Filer/USAddress/AddressLine1Txt0309 Wertsville Road
ReturnHeader/Filer/USAddress/CityNm0East Amwell
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ReturnHeader/Filer/USAddress/ZIPCd008851
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008535
ReturnHeader/PreparerPersonGrp/PhoneNum07327920659
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0George Campelo
ReturnHeader/ReturnTs02025-03-07T10:53:14-08:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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