New Beginnings North Carolina
New Beginnings North Carolina is a private foundation located in Morrisville, North Carolina. Its 2022–2024 filings report no grants made in any of those years.
Key facts about New Beginnings North Carolina
- EIN
- 83-2502423
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $19,626
- How to apply
- The 2024 filing lists paper materials and no restrictions on awards. Full details ↓
- Deadline
- 12/31/20, a past deadline listed on the 2024 filing; it is not a current application cycle.
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20K
-58.1% YoY
Revenue
$7K
-92.1% YoY
Qualifying Distributions
$32K
-50.2% YoY
Expenses
$34K
-49.8% YoY
Under IRS private-foundation payout rules, New Beginnings North Carolina reported a distributable amount of $80 for 2024 — the minimum it must pay out in qualifying distributions.
How New Beginnings North Carolina gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Grantmaking
The foundation reported zero grants in 2022, 2023, and 2024, so there are no recent grant totals, grant counts above zero, typical grant sizes, or grantees to report. Its 2024 filing states that it does not restrict giving to preselected organizations.
Grant Range
s, or grantees to report. Its 2024 filing states that it does not restrict giving to preselected organizations.
Review Cycle
12/31/20, a past deadline listed on the 2024 filing; it is not a current application cycle.
Ready to take the next step with New Beginnings North Carolina?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 10 grants totaling $12K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants made |
|---|---|---|---|---|
| 2022 | $31,328 | $41,353 | $25,861 | 0 |
| 2023 | $46,836 | $84,170 | $67,359 | 0 |
| 2024 | $19,626 | $6,619 | $33,829 | 0 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,626 | $46,836 | $31,328 |
| Revenue | $6,619 | $84,170 | $41,353 |
| Expenses | $33,829 | $67,359 | $25,861 |
| Qualifying Distributions | $32,462 | $65,214 | $25,148 |
| Net Investment Income | $37 | $53 | $47 |
| Distributable Amount | $80 | $191 | $128 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists SUMMER DUMONT as director.
New Beginnings North Carolina is led by Summer Dumont, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Summer Dumont
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: New Beginnings North Carolina
Mailing address: 10014 Chapel Hill Rd, Morrisville, NC 27650
Phone: (919) 388-9878
Email: brian@yardnique.com
Frequently asked questions about New Beginnings North Carolina
How large is New Beginnings North Carolina?
New Beginnings North Carolina reported $20K in total assets on its 2024 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $80 (roughly 5% of its investment assets).
How do I apply for a grant from New Beginnings North Carolina?
The 2024 filing lists paper materials and no restrictions on awards. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is New Beginnings North Carolina's EIN?
New Beginnings North Carolina's EIN (Employer Identification Number) is 83-2502423. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching New Beginnings North Carolina by hand.
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