Funding New Beginnings Community Foundation
EIN: 300290901 · Prophetstown, IL · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Net Assets | $4.6M |
Is Funding New Beginnings Community Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Funding New Beginnings Community Foundation
Funding New Beginnings Community Foundation (EIN: 300290901) is a nonprofit organization based in Prophetstown, IL, classified under NTEE code P99. The organization reported total revenue of $1.2M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Funding New Beginnings Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Funding New Beginnings Community Foundation is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $-262,715 |
| Surplus / Deficit | +$480K |
| Total Assets | $4.6M |
| Net Assets | $4.6M |
| Operating Margin | 221.0% |
Financial Health Grade: A
In 2023, Funding New Beginnings Community Foundation reported a surplus of $480K with revenue exceeding expenses.
Financial Trends
Over 12 years of filings (2011–2023), Funding New Beginnings Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.9% | -139.4% | +11.7% |
| 2022 | -36.5% | +358.9% | -7.1% |
| 2020 | -28.1% | +2.6% | +8.1% |
| 2019 | -44.3% | +24.9% | +15.3% |
| 2018 | -32.8% | +20.5% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Funding New Beginnings Community Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Funding New Beginnings Community Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Funding New Beginnings Community Foundation
Is Funding New Beginnings Community Foundation a legitimate charity?
Funding New Beginnings Community Foundation (EIN: 300290901) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Funding New Beginnings Community Foundation spend its money?
Funding New Beginnings Community Foundation reported $1.2M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Funding New Beginnings Community Foundation tax-deductible?
Funding New Beginnings Community Foundation is registered as a tax-exempt nonprofit (EIN: 300290901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Funding New Beginnings Community Foundation located?
Funding New Beginnings Community Foundation is headquartered in Prophetstown, Illinois and files with the IRS under EIN 300290901. It is classified under NTEE code P99.
How many years of IRS 990 filings does Funding New Beginnings Community Foundation have?
Funding New Beginnings Community Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Funding New Beginnings Community Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Funding New Beginnings Community Foundation's revenue has grown by 437.9%, moving from $40K to $217K. Total assets increased by 563.4% over the same period, from $690K to $4.6M. Total functional expenses fell by 935.5%, from $31K to $-262,715.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $-262,715 | $4.6M | $0 | — | — |
| 2022 | $147K | $666K | $4.1M | $0 | — | — |
| 2020 | $231K | $145K | $4.4M | $0 | — | — |
| 2019 | $321K | $142K | $4.1M | $0 | — | View 990 |
| 2018 | $577K | $113K | $3.5M | $0 | — | View 990 |
| 2017 | $859K | $94K | $3.2M | $0 | — | View 990 |
| 2016 | $72K | $114K | $2.2M | $0 | — | View 990 |
| 2015 | $320K | $107K | $2.3M | $0 | — | View 990 |
| 2014 | $756K | $137K | $2.0M | $0 | — | View 990 |
| 2013 | $813K | $71K | $1.4M | $0 | — | View 990 |
| 2012 | $36K | $40K | $686K | $0 | — | View 990 |
| 2011 | $40K | $31K | $690K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $-262,715, and assets of $4.6M (revenue +47.9% year-over-year).
- 2022: Revenue of $147K, expenses of $666K, and assets of $4.1M (revenue -36.5% year-over-year).
- 2020: Revenue of $231K, expenses of $145K, and assets of $4.4M (revenue -28.1% year-over-year).
- 2019: Revenue of $321K, expenses of $142K, and assets of $4.1M (revenue -44.3% year-over-year).
- 2018: Revenue of $577K, expenses of $113K, and assets of $3.5M (revenue -32.8% year-over-year).
- 2017: Revenue of $859K, expenses of $94K, and assets of $3.2M (revenue +1095.6% year-over-year).
- 2016: Revenue of $72K, expenses of $114K, and assets of $2.2M (revenue -77.5% year-over-year).
- 2015: Revenue of $320K, expenses of $107K, and assets of $2.3M (revenue -57.7% year-over-year).
- 2014: Revenue of $756K, expenses of $137K, and assets of $2.0M (revenue -7.0% year-over-year).
- 2013: Revenue of $813K, expenses of $71K, and assets of $1.4M (revenue +2143.9% year-over-year).
- 2012: Revenue of $36K, expenses of $40K, and assets of $686K (revenue -10.3% year-over-year).
- 2011: Revenue of $40K, expenses of $31K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Funding New Beginnings Community Foundation:
Data Sources and Methodology
This transparency report for Funding New Beginnings Community Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.