Civic Intelligence

New Beginnings Scholarship Foundation

EIN 93-3093774 • 501(c)3 • Newark, DE

Pub. 78 EligibleNTEE B82

Profile

New beginnings scholarship foundation grants scholarships and financial assistance to students who attend accredited postsecondary institutions of higher education with a focus in specialized career training. Our goal is to provide skills-based education opportunities to students to succeed in the modern workforce.

252 Chapman Road Suite 110Newark, DE 19702

www.nbsfoundation.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B82 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B82 • <$500k nonprofits • Source year 2023

Net Margin

74th percentile

46%

Higher net margin than 74% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2023

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B82 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

$28,696

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$28,696

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue82nd percentileNet Margin74th percentile

Revenue

$63,010

No earlier filing loaded for comparison.

Expenses

$34,314

No earlier filing loaded for comparison.

Net Income

$28,696

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30K$20K$10K$0Assets 2023: $28,696Liabilities 2023: $0Net Assets 2023: $28,6962023

Highlighted filing

2023

Assets$28,696
Liabilities$0
Net Assets$28,696
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80K$60K$40K$20K$0Revenue 2023: $63,010Expenses 2023: $34,314Net Income 2023: $28,6962023

Highlighted filing

2023

Revenue$63,010
Expenses$34,314
Net Income$28,696
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,696
Liabilities
$0
Net assets
$28,696
Revenue
$63,010
Expenses
$34,314
Net income
$28,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$28.7$0.00$28.7$63.0$34.3$28.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$63,010
Mission and Program Overview

Mission

New beginnings scholarship foundation grants scholarships and financial assistance to students who attend accredited postsecondary institutions of higher education with a focus in specialized career training. Our goal is to provide skills-based education opportunities to students to succeed in the modern workforce.

Program Services

DescriptionGrantsExpenses
DURING THE FISCAL YEAR, THE ORGANIZATION AWARDED SCHOLARSHIPS TO STUDENTS ATTENDING TAYLOR COLLEGE, SUPPORTING EDUCATIONAL ACCESS AND ACHIEVEMENT. THESE SCHOLARSHIPS PROVIDED FINANCIAL ASSISTANCE TO STUDENTS WHO DEMONSTRATED ACADEMIC EXCELLENCE AND FINANCIAL NEED, HELPING THEM PURSUE HIGHER EDUCATION AND FURTHER THEIR CAREER GOALS. BY ALLEVIATING FINANCIAL BARRIERS, THE SCHOLARSHIP PROGRAM ENHANCES STUDENTS' OPPORTUNITIES FOR SUCCESS AND CONTRIBUTES TO THE ORGANIZATION'S MISSION OF SUPPORTING EDUCATION AND FOSTERING INDIVIDUAL DEVELOPMENT.$33,000$0
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBORAH DUNNBoard President-$0--
MICHAEL EMANUELOBoard Treasurer-$0--
BRUCE GRISSOMBoard Secretary-$0--
Filing and Contact Details

Filer

Filer Name
New Beginnings Scholarship
EIN
93-3093774
Phone
3022733544
Address
252 CHAPMAN ROAD SUITE 110, NEWARK, DE 19702

Signing Officer

Name
Michael Emanuelo
Title
Treasurer
Phone
3022733544
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Emc Cpas LLC
Address
221 W PHILADELPHIA ST STE 201, YORK, PA 17401
Preparer
Samuel E Gantz CPA
Phone
7176506225
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest. Amount: 10.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: . Grantee name: taylor college. Amount given: 33,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expenses. Amount: 688. Description: software license and fees. Amount: 325. Description: bank service fees. Amount: 301. Total to form 990-ez, line 16: 1,314.”

Raw XML Appendix147 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/BooksInCareOfDetail/USAddress/CityNm0NEWARK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD SECRETARY
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherRevenueTotalAmt010
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt033000
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/WebsiteAddressTxt0WWW.NBSFOUNDATION.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: . GRANTEE NAME: TAYLOR COLLEGE. AMOUNT GIVEN: 33,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL EMANUELO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
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ReturnHeader/Filer/EIN0933093774
ReturnHeader/Filer/PhoneNum03022733544
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL E GANTZ CPA
ReturnHeader/ReturnTs02024-11-16T08:01:02-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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