Nonprofit · EIN 92-0731144
NEW BEGINNINGS ACADEMY INC
Tax-exempt · HERKIMER, NY 13350
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $230,651 | $285,476 | -$54,825 | $20,694 | $66,343 | -$45,649 |
| December 31, 2023 | 990 | $360,254 | $321,408 | $38,846 | $38,971 | $0 | $38,971 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $230,651
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $225,980
- Professional fundraising fees
- $0
- Legal fees
- $3,653
- Occupancy
- $21,000
- Depreciation
- $2,713
- Program services (functional)
- $224,984
- Management and general (functional)
- $60,492
Balance sheet and other
- Total assets, start of year
- $38,971
- Total assets, end of year
- $20,694
- Total liabilities, end of year
- $66,343
- Net assets, end of year
- -$45,649
- Land, buildings and equipment
- $20,694
- Gross receipts
- $230,651
- Employees
- 15
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- NY
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANEL HEARN | PRESIDENT Officer | 10 | $0 |
| THOMAS MARINO | VICE PRESIDENT Officer | 10 | $0 |
| MATTHEW HEARN | SECRETARY/TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANEL HEARN | PRESIDENT Officer | 10 | $0 |
| THOMAS MARINO | VICE PRESIDENT Officer | 10 | $0 |
| MATTHEW HEARN | SECRETARY/TREASURER Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 100 RESERVOIR RD, HERKIMER, NY 13350-1545
- In care of
- % JANEL HEARN
- Mailing address (990-N for 2022)
- 100 RESERVOIR ROAD, LITTLE FALLS NY 13365
- Principal officer (990 for 2024)
- JANEL HEARN, 100 RESERVOIR ROAD, LITTLE FALLS, NY 13365
- Principal officer (990-N for 2022)
- JANEL HEARN, 100 RESERVOIR ROAD, LITTLE FALLS NY 13365
- Signed the 990
- JANEL HEARN, PRESIDENT
- Phone
- (518) 752-9677
- Return prepared by
- GROSSMAN ST AMOUR CPAS PLLC
Mission
THE CORPORATION WAS ORGANIZED TO PROVIDE A DAYCARE FACILITY IN THE HERKIMER, NY AREA FOR FAMILIES IN NEED.
Program accomplishments
- PRESCHOOL PROGRAM FOR FAMILIES IN NEED IN THE LITTLE FALLS, NY AREA.Expenses $224,984 · revenue $230,651
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0731144
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $20,694
- Income (IRS master file)
- $230,651
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $230,651 | $285,476 | $20,694 | XML |
| 990 | December 2023 | $360,254 | $321,408 | $38,971 | XML |
| 990-N for 2022 Officer: JANEL HEARN | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-0731144).
Questions about NEW BEGINNINGS ACADEMY INC
- What is the EIN of NEW BEGINNINGS ACADEMY INC?
- The employer identification number (EIN) of NEW BEGINNINGS ACADEMY INC is 92-0731144.
- Is NEW BEGINNINGS ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NEW BEGINNINGS ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW BEGINNINGS ACADEMY INC 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 BEGINNINGS ACADEMY INC 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 BEGINNINGS ACADEMY INC 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 BEGINNINGS ACADEMY INC?
- The 990 for the year ended December 31, 2024 names JANEL HEARN.
- Who are the officers and directors of NEW BEGINNINGS ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW BEGINNINGS ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $230,651, expenses of $285,476 and total assets of $20,694 at year end.
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