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Nonprofiteer
← NEW VISTAS SCHOOL OF CENTRAL VIRGINIA INC

Form 990 for tax year 2024

Filed by NEW VISTAS SCHOOL OF CENTRAL VIRGINIA INC.

Totals

Total revenue
$1,897,691
Total expenses
$1,554,733
Contributions and grants received
$389,639
Grants paid
$190,303
Program service revenue
$1,478,456
Investment income
$45,339
Other revenue
-$15,743
Total assets, end of year
$3,611,315
Total liabilities, end of year
$29,719
Net assets or fund balances, end of year
$3,581,596
Program services expenses (Part IX)
$1,091,756
Management and general expenses
$443,960
Fundraising expenses
$19,017
Program service expenses (Part III)
$1,091,756

Program services were 70.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $85,549

  • 1f · All other contributions, gifts and grants

    $304,090

  • 1g · Noncash contributions included above

    $34,895

  • 2a · Program service revenue: Student tuition and fees

    total $1,478,456 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $45,339 · unrelated business $0 · excluded $45,339

  • 8a · Fundraising events: gross income

    $8,680

  • 8a · Fundraising events: contributions included on line 1c

    $85,549

  • 8b · Fundraising events: direct expenses

    $24,423

  • 8c · Net income from fundraising events

    total -$15,743 · unrelated business $0 · excluded -$15,743

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $190,303 · program services $190,303

  • 5 · Compensation of officers, directors and key employees

    total $87,710 · program services $0 · management and general $87,710 · fundraising $0

  • 7 · Other salaries and wages

    total $824,793 · program services $612,853 · management and general $196,148 · fundraising $15,792

  • 9 · Other employee benefits

    total $121,223 · program services $81,500 · management and general $37,630 · fundraising $2,093

  • 10 · Payroll taxes

    total $65,397 · program services $43,922 · management and general $20,343 · fundraising $1,132

  • 11c · Fees: accounting

    total $13,633 · program services $0 · management and general $13,633 · fundraising $0

  • 12 · Advertising and promotion

    total $1,428 · program services $0 · management and general $1,428 · fundraising $0

  • 13 · Office expenses

    total $4,107 · program services $0 · management and general $4,107 · fundraising $0

  • 16 · Occupancy

    total $51,424 · program services $35,997 · management and general $15,427 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $77,145 · program services $76,436 · management and general $709 · fundraising $0

  • 23 · Insurance

    total $14,992 · program services $0 · management and general $14,992 · fundraising $0

  • 24a · Other expenses: Contract services

    total $29,163 · program services $0 · management and general $29,163 · fundraising $0

  • 24b · Other expenses: Educational supplies

    total $37,997 · program services $37,997 · management and general $0 · fundraising $0

  • 24c · Other expenses: Development

    total $4,206 · program services $0 · management and general $4,206 · fundraising $0

  • 24d · Other expenses: Accreditation expense

    total $8,518 · program services $8,518 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $22,694 · program services $4,230 · management and general $18,464 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $376,438 · end of year $518,000

  • 2 · Savings and temporary cash investments

    beginning of year $17,129 · end of year $13,254

  • 3 · Pledges and grants receivable

    beginning of year $162,777 · end of year $105,513

  • 4 · Accounts receivable

    beginning of year $15,872 · end of year $12,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,151 · end of year $8,978

  • 10a · Land, buildings and equipment: cost or other basis

    $2,216,976

  • 10b · Land, buildings and equipment: accumulated depreciation

    $356,588

  • 10c · Land, buildings and equipment, net

    beginning of year $213,868 · end of year $1,860,388

  • 11 · Investments: publicly traded securities

    beginning of year $983,201 · end of year $987,578

  • 15 · Other assets

    beginning of year $1,581,037 · end of year $104,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,703 · end of year $5,642

  • 19 · Deferred revenue

    beginning of year $6,503 · end of year $16,577

  • 25 · Other liabilities

    beginning of year $25,500 · end of year $7,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,802,826 · end of year $3,489,416

  • 28 · Net assets with donor restrictions

    beginning of year $432,941 · end of year $92,180

Mission and programs · 2024

Mission

Please see attached Schedule O.

  • Educational and tutoring costs incurred for approximately 52 students in grades 3 through 12. The students are those who are unable to achieve their full potential through the public school system.

    Expenses $1,091,756 · Grants $190,303 · Revenue $1,478,456

As filed on the 2024 return.

Listed in Part VII

  • Lori Eaglin

    Head of School

    Total calculated
    $98,366
    From this org
    $87,710
    From related orgs
    $0
    Other
    $10,656
    Hours/week
    50

  • Kathy Lifsey

    Treasurer & Director

    Total calculated
    $0
    Hours/week
    2

  • April Farmer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rob Gilbert

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tray Petty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gorham Wood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joan Foster

    Vice-Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Patti McCue

    Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Peggy Schimmoeller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Page Langley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christie Hooper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rayner Snead Jr

    Director

    Total calculated
    $0
    Hours/week
    1

  • L Theodore Batt

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533359349301133

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