Civic Intelligence

New Beginnings Thoroughbreds Inc

990EZ • Fiscal year 2022 • EIN 46-4909403

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 26, 2023

414 Woodmill DriveCranbury, NJ 08512

(732) 406-4036

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

34th percentile

-6.7%

Higher net margin than 34% of similar nonprofits.

2022 filings • NTEE Z99 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$3,360

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2022 filings • NTEE Z99 • <$500k nonprofits • Source year 2022

Asset Growth

26th percentile

-20%

Faster asset growth than 26% of similar nonprofits.

2022 filings • NTEE Z99 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • NTEE Z99 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$12,884

Down $3,196 (-20%) from 2021

Net Assets

Down

$12,884

Down $3,196 (-20%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$47,705

Up $4,611 (+11%) from 2021

Expenses

Up

$50,901

Up $5,340 (+12%) from 2021

Net Income

Down

-$3,196

Down $729 (-30%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$12,884
Liabilities-
Net Assets$12,884

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$47,705
Expenses$50,901
Net Income-$3,196
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 26, 2023
Return Version
2022v4.1
Gross Receipts
$47,705
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 5 horses.$27,687$27,687
Provided veterinary, other health, training and related servicesrequired in care of the well-being of each horse.$16,096$16,096
Provided horse feed and necessary supplies.$2,014$2,014
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle HorganCo-Executive DirectorPT$0$3,360$3,360
Kelly HudymanPresidentPT$0--
Jane LeGard ErnstofSecretaryPT$0--
Nicole McKinley43,094PT$0--
Margaret CarlsenDirectorPT$0--
Joanna VrancartDirectorPT$0--
Jamie KellyDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
New Beginnings Thoroughbreds Inc
EIN
46-4909403
Phone
7324064036
Address
414 Woodmill Drive, Cranbury, NJ 08512

Signing Officer

Name
Michelle Horgan
Title
Co-Executive Director
Phone
7324064036
Signed
2023-01-26
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 598.

Form 990EZ, Part I, Line 16

Banking fees 40.

Form 990EZ, Part I, Line 16

Feed, supplies 2014.

Form 990EZ, Part I, Line 16

Fundraising costs 763.

Form 990EZ, Part I, Line 16

Business gifts 95.

Form 990EZ, Part I, Line 16

Insurance 3445.

Form 990EZ, Part I, Line 16

Taxes and fees 163.

Raw XML Appendix193 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Organization
IRS990EZ/BooksInCareOfDetail/PhoneNum07324064036
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cranbury
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008512
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt016080
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012884
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt023499
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3196
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt016096
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016080
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012884
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt047705
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt016080
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012884
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt016080
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012884
IRS990EZ/OccupancyRentUtltsAndMaintAmt027687
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt410.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt510.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt65.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt23360
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Kelly Hudyman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jane LeGard Ernstof
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michelle Horgan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Nicole McKinley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Margaret Carlsen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Joanna Vrancart
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jamie Kelly
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Co-Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt343,094
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt07118
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To retrain and secure well-qualified and loving adoptive homes for off the track thoroughbreds.
IRS990EZ/ProgramServiceRevenueAmt024206
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provided safe boarding and shelter for 5 horses.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Provided veterinary, other health, training and related servicesrequired in care of the well-being of each horse.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Provided horse feed and necessary supplies.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt027687
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt116096
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt22014
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt027687
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt116096
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22014
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt050901
IRS990EZ/TotalProgramServiceExpensesAmt045797
IRS990EZ/TotalRevenueAmt047705
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt047705
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt043094
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt054678
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt042231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt020344
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0208052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0208052
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt047705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt043094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt054678
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt042231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt020344
IRS990ScheduleA/Total509Grp/TotalAmt0208052
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0208052
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 598.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Banking fees 40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Feed, supplies 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fundraising costs 763.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Business gifts 95.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance 3445.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Taxes and fees 163.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michelle Horgan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Co-Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07324064036
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Beginnings Thoroughbreds Inc
ReturnHeader/Filer/BusinessNameControlTxt0NEWB
ReturnHeader/Filer/EIN0464909403
ReturnHeader/Filer/PhoneNum07324064036
ReturnHeader/Filer/USAddress/AddressLine1Txt0414 Woodmill Drive
ReturnHeader/Filer/USAddress/CityNm0Cranbury
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008512
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223630083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PROFESSIONAL ACCOUNTING & TAX SERV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 CUOMO CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILLSTONE TOWNSHIP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008535
ReturnHeader/PreparerPersonGrp/PhoneNum07327920659
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0George Campelo
ReturnHeader/ReturnTs02023-02-08T10:46:44-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michelle
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Horgan
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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