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Nonprofit · EIN 47-4385967

NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · ALBANY, GA 31721

Financials

$757K$710K2023$545K$521K2024
Revenue Expenses · by fiscal year end
Financials of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$544,802$521,389$23,413$238,500$20,085$218,415
December 31, 2023990$756,898$710,014$46,884$216,156$21,154$195,002
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$544,802
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$334,462
Salaries, compensation and benefits (total)
$334,462
Professional fundraising fees
$0
Legal fees
$3,200
Accounting fees
$2,775
Occupancy
$76,694
Travel
$9,832
Program services (functional)
$521,389

Balance sheet and other

Total assets, start of year
$216,156
Total assets, end of year
$238,500
Total liabilities, end of year
$20,085
Net assets, end of year
$218,415
Land, buildings and equipment
$20,085
Net assets without donor restrictions
$218,415
Gross receipts
$544,802
Employees
17
Volunteers
15
Year formed
2016
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SOLOMON LOUDPRESIDENT
Officer
10$0
KATINA BELLSECRETARY
Officer
20$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
SOLOMON LOUDPRESIDENT
Officer
10$0
KATINA BELLSECRETARY
Officer
20$0

Address and contacts

Address (IRS master file)
1004 BUTTERNUT AVE, ALBANY, GA 31721-7788
In care of
% SOLOMON LOUD
Principal officer (990 for 2024)
SOLOMON LOUD, 1004 BUTTERNUT AVE, ALBANY, GA 31721
Signed the 990
SOLOMON LOUD, PRESIDENT
Phone
(229) 376-8918

Mission

TO PROVIDE INDIVIDUALS WITH SYSTEMATICALLY PLANNED EXPERIENCES DESIGNED TO EQUIP THEM WITH KNOWLEDGE AND SKILLS NEEDED TO BECOME PRODUCTIVE

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE CHILDREN WITH SYSTEMATICALLY PLANNED EXPERIENCES DESIGNED TO EQUIP THEM WITH KNOWLEDGE AND SKILLS NEEDED TO BECOME PRODUCTIVE
    Expenses $521,389 · revenue $544,802

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-4385967
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$238,500
Income (IRS master file)
$544,802

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$544,802$521,389$238,500IRS
990December 2023$756,898$710,014$216,156XML
990December 2022$763,888$669,900$172,006IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4385967).

Questions about NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION is 47-4385967.
Is NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names SOLOMON LOUD.
Who are the officers and directors of NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does NEW BEGINNING OF ALBANY COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $544,802, expenses of $521,389 and total assets of $238,500 at year end.

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