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New Beginning Foundation is a private corporation based in OCEAN GROVE, NJ. The foundation received its IRS ruling in 2012. The principal officer is Ruth Egner. It holds total assets of $912K. Annual income is reported at $25K. The foundation is governed by 5 officers and trustees. The organization has completed the process of building and maintaining a healthy and safe place for young people and their families to come together during times of personal crisis. Property has been donated and is being improved and built upon in furtherance of this program service.the expenses incurred for this program include the following:insurance 4,214professional fee 5,069property taxes 17,250land maintenance 161office expense 179utilities 3,109depreciation 25,871. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, New Beginning Foundation has made 5 grants totaling $33K, with a median grant of $6K. Annual giving has decreased from $20K in 2020 to $7K in 2023. Individual grants have ranged from $250 to $19K, with an average award of $7K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
The organization has completed the process of building and maintaining a healthy and safe place for young people and their families to come together during times of personal crisis. Property has been donated and is being improved and built upon in furtherance of this program service.the expenses incurred for this program include the following:insurance 4,214professional fee 5,069property taxes 17,250land maintenance 161office expense 179utilities 3,109depreciation 25,871
Expenses: $56K
The organization has completed the process of building and maintaining a healthy and safe place for young people and their families to come together during times of personal crisis. Property has been donated and is being improved and built upon in furtherance of this program service.the expenses incurred for this program include the following:insurance 4,214professional fee 5,069property taxes 17,250land maintenance 161office expense 179utilities 3,109depreciation 25,871. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NJ.
New Beginning Foundation has distributed a total of $33K across 5 grants. The median grant size is $6K, with an average of $7K. Individual grants have ranged from $250 to $19K.
New Beginning Foundation typically selects its grantees rather than accepting unsolicited proposals.
New Beginning Foundation is headquartered in OCEAN GROVE, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ruth Egner | PRESIDENT/TRUSTEE | $0 | $0 | N/A |
| Roberta Mitchell | SECRETARY/TRUSTEE | $0 | $0 | N/A |
| Wendy Stockdale | TREASURER/TRUSTEE | $0 | $0 | N/A |
| Stephen Downing | TRUSTEE | $0 | $0 | N/A |
| Peter Herr | VICE PRESIDENT/TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$912K
Fair Market Value
N/A
Net Worth
$912K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$33K
Average Grant
$7K
Median Grant
$6K
Unique Recipients
4
Most Common Grant
$7K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Paul'SCHARITABLE PURPOSES. | Ocean Grove, NJ | $7K | 2023 |
| OgcmaCHARITABLE PURPOSES. | Ocean Grove, NJ | $6K | 2022 |
| St Paul UmcCHARITABLE PURPOSES. | Ocean Grove, NJ | $19K | 2020 |
| Love Lifts Us UpCHARITABLE PURPOSES. | Ocean Grove, NJ | $250 | 2020 |