New Beginnings Thoroughbreds Inc
Nonprofit profile at a glance
- EIN
- 464909403
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990-EZ 2025
- Location
- East Amwell, NJ, USA
- Phone
- 7324064036
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $59,804
- Expenses
- $54,955
- Assets
- $18,999
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JAIME KELLY (PRESIDENT)
People named in this filing
- JAIME KELLY (PRESIDENT)
- MICHELLE HORGAN (CO-EXECUTIVE)
- NICOLE MCKINLEY (CO-EXECUTIVE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To retrain and secure well-qualified and loving adoptive homes for off the track thoroughbreds.
What it reported doing in 2025
Provide veterinary, other health, training and related services required in care of the well-being of each horse
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 87
- Program expense ratio: 95.2%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.1%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 95.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $52K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.