Nonprofit · EIN 93-3093774
NEW BEGINNINGS SCHOLARSHIP FOUNDATION
Tax-exempt · NEWARK, DE 19702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $63,010 | $34,314 | $28,696 | $28,696 | $0 | $28,696 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $63,000
- Other revenue
- $10
Expenses
- Grants and similar amounts paid
- $33,000
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $1,314
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $28,696
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,696
- Cash, savings and investments
- $28,696
- Gross receipts
- $63,010
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH DUNN | BOARD PRESIDENT | 1 | $0 |
| MICHAEL EMANUELO | BOARD TREASURER | 0 | $0 |
| BRUCE GRISSOM | BOARD SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 252 CHAPMAN ROAD SUITE 110, NEWARK, DE 19702-5436
- Signed the 990-EZ
- MICHAEL EMANUELO, TREASURER
- Phone
- (302) 273-3544
- Website
- WWW.NBSFOUNDATION.ORG
- Return prepared by
- EMC CPAS LLC
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 accomplishments
- 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.grants $33,000
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 93-3093774
- 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)
- Education (B82)
- Assets (IRS master file)
- $28,696
- Income (IRS master file)
- $63,010
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $63,010 | $34,314 | $28,696 | XML |
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 93-3093774).
Questions about NEW BEGINNINGS SCHOLARSHIP FOUNDATION
- What is the EIN of NEW BEGINNINGS SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of NEW BEGINNINGS SCHOLARSHIP FOUNDATION is 93-3093774.
- Is NEW BEGINNINGS SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NEW BEGINNINGS SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW BEGINNINGS SCHOLARSHIP FOUNDATION 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 SCHOLARSHIP FOUNDATION 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 SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who are the officers and directors of NEW BEGINNINGS SCHOLARSHIP FOUNDATION?
- The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW BEGINNINGS SCHOLARSHIP FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $63,010, expenses of $34,314 and total assets of $28,696 at year end.
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