Center for New Beginnings Inc
Nonprofit profile at a glance
- EIN
- 510533883
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Waynesboro, GA, USA
- Phone
- 7064370505
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,126,067
- Expenses
- $2,294,374
- Assets
- $804,492
- Liabilities
- $294,788
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- JESSIA MCCORMICK (DOO): $58,684 total reported compensation
- TINA TANNER (EXECUTIVE DI): $14,065 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The center is a christian non-profit organization that provides tutoring, counseling, and therapy to those in need throughout the csra in rural Georgia. The center's mission is to offer healing and hope to families in need through the provision of resources, services and support.
What it reported doing in 2024
The center provided non-denominational services of tutoring, counseling and therapy for members of our surrounding community to enhance the lives of children with disabilities. The services offered include: direct community services with shadowing and consultative community programs, training and consultative services with school based teaching to direct children and adolescents, behavioral and educational services, aba therapy, academic tutors, life skills and social group skills.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $22.27 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.9%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 21.1% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 22.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 29.2% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 84.8% of revenue deployed · 78.8% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.8M in reported program spending
- Leadership: top reported pay $59K · 7 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 29/100.