New Beginnings School Foundation
New Beginnings School Foundation faces declining assets and recent operating deficits despite substantial revenue.
EIN: 200998872 · New Orleans, LA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.0M |
| Total Expenses | $18.9M |
| Program Spending | 85% |
| Net Assets | $598K |
| Transparency Score | 70/100 |
Is New Beginnings School Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Beginnings School Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Beginnings School Foundation
New Beginnings School Foundation (EIN: 200998872) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B29. The organization reported total revenue of $18.0M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Beginnings School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Beginnings School Foundation is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $18.9M |
| Surplus / Deficit | $-924,581 |
| Total Assets | $1.8M |
| Total Liabilities | $1.2M |
| Net Assets | $598K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 66.8% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2020, New Beginnings School Foundation reported a deficit of $925K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 66.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), New Beginnings School Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -17.4% | -17.1% | -44.0% |
| 2019 | +0.3% | -14.2% | -38.1% |
| 2018 | -7.7% | +8.9% | -45.0% |
| 2017 | +6.2% | +15.0% | -3.2% |
| 2016 | +4.0% | -0.2% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Beginnings School Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Beginnings School Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $925K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with multi-million dollar revenues and suggests either a fully volunteer executive leadership or compensation being categorized differently within their expenses.
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 School Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (2018-2020)
- Significant decline in total assets over the last five years (from $9.7M in 2016 to $1.8M in 2020)
- Unclear executive compensation reporting (0% officer comp reported despite large operations)
Strengths
The following positive indicators were identified for New Beginnings School Foundation:
- Long history of IRS 990 filings (10 filings), indicating transparency
- Substantial annual revenue, demonstrating significant operational scale
- Consistent engagement in its mission over a long period
Frequently Asked Questions about New Beginnings School Foundation
Is New Beginnings School Foundation a legitimate charity?
New Beginnings School Foundation (EIN: 200998872) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $18.0M. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does New Beginnings School Foundation spend its money?
New Beginnings School Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Beginnings School Foundation tax-deductible?
New Beginnings School Foundation is registered as a tax-exempt nonprofit (EIN: 200998872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Beginnings School Foundation's spending goes to programs?
New Beginnings School Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Beginnings School Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), New Beginnings School Foundation is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Beginnings School Foundation located?
New Beginnings School Foundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 200998872. It is classified under NTEE code B29.
How many years of IRS 990 filings does New Beginnings School Foundation have?
New Beginnings School Foundation has 10 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 $18.0M in total revenue.
Is New Beginnings School Foundation financially sustainable given recent trends?
The foundation has experienced operating deficits in its most recent three reported periods (2018-2020) and a significant decline in assets from $9.7 million in 2016 to $1.8 million in 2020. This trend raises concerns about long-term financial sustainability if not addressed.
Why are assets declining so rapidly?
The rapid decline in assets, from $9,758,242 in 2016 to $1,802,768 in 2020, is likely due to the organization's expenses exceeding its revenues in recent years, requiring it to draw down on its reserves to cover operational costs.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that either the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, which would require a deeper dive into the full 990 forms to clarify.
Filing History
IRS 990 filing history for New Beginnings School Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), New Beginnings School Foundation's revenue has grown by 12.4%, moving from $16.0M to $18.0M. Total assets decreased by 35.6% over the same period, from $2.8M to $1.8M. Total functional expenses rose by 26.6%, from $15.0M to $18.9M. In its most recent filing year (2020), New Beginnings School Foundation reported a deficit of $925K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $1.8M in assets (debt-to-asset ratio: 66.8%), resulting in net assets of $598K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $18.0M | $18.9M | $1.8M | $1.2M | — | View 990 |
| 2019 | $21.8M | $22.9M | $3.2M | $1.7M | — | View 990 |
| 2018 | $21.7M | $26.6M | $5.2M | $2.6M | — | View 990 |
| 2017 | $23.6M | $24.5M | $9.4M | $2.0M | — | View 990 |
| 2016 | $22.2M | $21.3M | $9.8M | $1.4M | — | View 990 |
| 2015 | $21.3M | $21.3M | $8.4M | $935K | — | View 990 |
| 2014 | $23.0M | $19.6M | $8.0M | $583K | — | View 990 |
| 2013 | $19.0M | $18.0M | $4.9M | $843K | — | View 990 |
| 2012 | $19.0M | $17.7M | $4.3M | $1.3M | — | View 990 |
| 2011 | $16.0M | $15.0M | $2.8M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $18.0M, expenses of $18.9M, and assets of $1.8M (revenue -17.4% year-over-year).
- 2019: Revenue of $21.8M, expenses of $22.9M, and assets of $3.2M (revenue +0.3% year-over-year).
- 2018: Revenue of $21.7M, expenses of $26.6M, and assets of $5.2M (revenue -7.7% year-over-year).
- 2017: Revenue of $23.6M, expenses of $24.5M, and assets of $9.4M (revenue +6.2% year-over-year).
- 2016: Revenue of $22.2M, expenses of $21.3M, and assets of $9.8M (revenue +4.0% year-over-year).
- 2015: Revenue of $21.3M, expenses of $21.3M, and assets of $8.4M (revenue -7.1% year-over-year).
- 2014: Revenue of $23.0M, expenses of $19.6M, and assets of $8.0M (revenue +20.7% year-over-year).
- 2013: Revenue of $19.0M, expenses of $18.0M, and assets of $4.9M (revenue +0.1% year-over-year).
- 2012: Revenue of $19.0M, expenses of $17.7M, and assets of $4.3M (revenue +18.7% year-over-year).
- 2011: Revenue of $16.0M, expenses of $15.0M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Beginnings School Foundation:
Data Sources and Methodology
This transparency report for New Beginnings School 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.