New Beginnings Of Brunswick Inc
New Beginnings Of Brunswick Inc reports zero officer compensation amidst fluctuating expenses and growing assets.
EIN: 200725599 · Shallotte, NC · NTEE: X20 · Updated: 2026-03-28
Is New Beginnings Of Brunswick Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Beginnings Of Brunswick Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Beginnings Of Brunswick Inc
New Beginnings Of Brunswick Inc (EIN: 200725599) is a nonprofit organization based in Shallotte, NC, classified under NTEE code X20. The organization reported total revenue of $450K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings Of Brunswick Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Beginnings Of Brunswick Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New Beginnings Of Brunswick Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
New Beginnings Of Brunswick Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly commendable for an organization with assets exceeding $1.5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Beginnings Of Brunswick Inc's IRS 990 filings:
- Dramatic and unexplained fluctuation in annual expenses (e.g., $908,057 in 2022 vs. $38,036 in 2023)
- Significant liabilities ($492,392 in 2023) relative to total assets ($1,549,255), warranting further investigation into their nature.
Strengths
The following positive indicators were identified for New Beginnings Of Brunswick Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission over executive pay.
- Growing asset base, reaching $1,549,255 in 2023, providing financial stability.
- Positive net assets (Assets - Liabilities = $1,056,863 in 2023), demonstrating financial health.
- Generally stable revenue streams over the past decade, with some fluctuations.
Frequently Asked Questions about New Beginnings Of Brunswick Inc
Is New Beginnings Of Brunswick Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Beginnings Of Brunswick Inc (EIN: 200725599) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New Beginnings Of Brunswick Inc spend its money?
New Beginnings Of Brunswick Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Beginnings Of Brunswick Inc tax-deductible?
New Beginnings Of Brunswick Inc is registered as a tax-exempt nonprofit (EIN: 200725599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in expenses from $908,057 in 2022 to $38,036 in 2023?
The IRS 990 data shows a drastic reduction in reported expenses, which could indicate a change in operational scope, a shift in accounting practices, or a period of reduced activity. Without further detail, it's difficult to ascertain the exact reason.
How does New Beginnings Of Brunswick Inc manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is entirely volunteer-based, which is a significant strength in terms of directing funds to its mission.
What is the breakdown of the $38,036 in expenses reported for 2023?
The provided data only gives total expenses. A detailed breakdown would be necessary to understand how these minimal funds were allocated between program services, administration, and fundraising.
What is the nature of the $492,392 in liabilities reported in 2023?
The liabilities represent a significant portion of the organization's assets. Understanding the nature of these liabilities (e.g., mortgages, program-related debt) is important for assessing financial risk.
Filing History
IRS 990 filing history for New Beginnings Of Brunswick Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Beginnings Of Brunswick Inc's revenue has grown by 25.1%, moving from $360K to $450K. Total assets increased by 17.3% over the same period, from $1.3M to $1.5M. Total functional expenses fell by 90.3%, from $391K to $38K. In its most recent filing year (2023), New Beginnings Of Brunswick Inc reported a surplus of $412K, with revenue exceeding expenses. The organization holds $492K in liabilities against $1.5M in assets (debt-to-asset ratio: 31.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $38K | $1.5M | $492K | — | — |
| 2022 | $723K | $908K | $1.6M | $492K | — | View 990 |
| 2021 | $411K | $383K | $1.1M | $415K | — | View 990 |
| 2020 | $391K | $359K | $1.1M | $452K | — | View 990 |
| 2019 | $342K | $357K | $1.1M | $492K | — | View 990 |
| 2018 | $459K | $386K | $1.1M | $535K | — | View 990 |
| 2017 | $421K | $408K | $1.1M | $618K | — | View 990 |
| 2016 | $367K | $361K | $1.2M | $652K | — | View 990 |
| 2015 | $350K | $341K | $1.2M | $683K | — | View 990 |
| 2014 | $334K | $331K | $1.2M | $713K | — | View 990 |
| 2013 | $321K | $342K | $1.2M | $741K | — | View 990 |
| 2012 | $323K | $340K | $1.3M | $768K | — | View 990 |
| 2011 | $360K | $391K | $1.3M | $792K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $38K, and assets of $1.5M (revenue -37.7% year-over-year).
- 2022: Revenue of $723K, expenses of $908K, and assets of $1.6M (revenue +75.8% year-over-year).
- 2021: Revenue of $411K, expenses of $383K, and assets of $1.1M (revenue +5.1% year-over-year).
- 2020: Revenue of $391K, expenses of $359K, and assets of $1.1M (revenue +14.4% year-over-year).
- 2019: Revenue of $342K, expenses of $357K, and assets of $1.1M (revenue -25.6% year-over-year).
- 2018: Revenue of $459K, expenses of $386K, and assets of $1.1M (revenue +9.0% year-over-year).
- 2017: Revenue of $421K, expenses of $408K, and assets of $1.1M (revenue +15.0% year-over-year).
- 2016: Revenue of $367K, expenses of $361K, and assets of $1.2M (revenue +4.7% year-over-year).
- 2015: Revenue of $350K, expenses of $341K, and assets of $1.2M (revenue +4.8% year-over-year).
- 2014: Revenue of $334K, expenses of $331K, and assets of $1.2M (revenue +4.1% year-over-year).
- 2013: Revenue of $321K, expenses of $342K, and assets of $1.2M (revenue -0.8% year-over-year).
- 2012: Revenue of $323K, expenses of $340K, and assets of $1.3M (revenue -10.1% year-over-year).
- 2011: Revenue of $360K, expenses of $391K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for New Beginnings Of Brunswick Inc 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.