Totals
- Total revenue
- $7,370,618
- Total expenses
- $7,211,319
- Contributions and grants received
- $218,567
- Grants paid
- $0
- Program service revenue
- $7,039,307
- Investment income
- $119,674
- Other revenue
- -$6,930
- Total assets, end of year
- $7,138,040
- Total liabilities, end of year
- $1,229,944
- Net assets or fund balances, end of year
- $5,908,096
- Program services expenses (Part IX)
- $6,040,478
- Management and general expenses
- $1,148,657
- Fundraising expenses
- $22,184
- Program service expenses (Part III)
- $6,040,478
Program services were 83.8% 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
$20,619
-
1f · All other contributions, gifts and grants
$197,948
-
1g · Noncash contributions included above
$12,494
-
2a · Program service revenue: TUITION & FEES
total $7,039,307 · related or exempt $7,039,307
-
3 · Investment income
total $119,743 · excluded $119,743
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $69
-
7c · Gain or loss
other assets -$69
-
7d · Net gain or loss
total -$69 · related or exempt -$69
-
8a · Fundraising events: gross income
$10,944
-
8a · Fundraising events: contributions included on line 1c
$20,619
-
8b · Fundraising events: direct expenses
$17,874
-
8c · Net income from fundraising events
total -$6,930
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $398,044 · program services $127,374 · management and general $270,670
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,764,492 · program services $3,199,818 · management and general $564,674
-
8 · Pension plan contributions
total $50,965 · program services $40,737 · management and general $10,228
-
9 · Other employee benefits
total $455,526 · program services $364,110 · management and general $91,416
-
10 · Payroll taxes
total $320,379 · program services $256,085 · management and general $64,294
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $74,894 · program services $63,660 · management and general $11,234
-
12 · Advertising and promotion
total $39,799 · program services $33,829 · management and general $5,970
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $613,725 · program services $521,666 · management and general $92,059
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $135,814 · program services $115,442 · management and general $20,372
-
23 · Insurance
total $31,048 · program services $26,391 · management and general $4,657
-
24a · Other expenses: EDUCATION PROGRAMS
total $1,217,228 · program services $1,217,228
-
24b · Other expenses: GENERAL OPERATING EXPENSE
total $87,013 · program services $73,961 · management and general $13,052
-
24c · Other expenses: DEVELOPMENT EXPENSE
total $22,184 · fundraising $22,184
-
24d · Other expenses: Postage and Shipping
total $208 · program services $177 · management and general $31
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,045,507 · end of year $1,245,572
-
2 · Savings and temporary cash investments
beginning of year $1,213,679 · end of year $681,610
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $150,287 · end of year $219,917
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,748 · end of year $4,504
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $193,528 · end of year $96,870
-
10a · Land, buildings and equipment: cost or other basis
$1,575,863
-
10b · Land, buildings and equipment: accumulated depreciation
$851,519
-
10c · Land, buildings and equipment, net
beginning of year $556,566 · end of year $724,344
-
11 · Investments: publicly traded securities
beginning of year $3,296,607 · end of year $4,165,222
-
12 · Investments: other securities
beginning of year $248,428 · end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $31,578 · end of year $94,472
-
19 · Deferred revenue
beginning of year $650,011 · end of year $695,337
-
25 · Other liabilities
beginning of year $461,224 · end of year $440,135
-
27 · Net assets without donor restrictions
beginning of year $4,877,073 · end of year $5,360,299
-
28 · Net assets with donor restrictions
beginning of year $686,464 · end of year $547,797
Mission and programs · 2022
Mission
THE MISSION OF NEW WAY ACADEMY IS TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES TO FULFILL THEIR POTENTIAL.
-
EDUCATION OF CHILDREN WITH LEARNING DIFFERENCES IN KINDERGARTEN THROUGH HIGH SCHOOL.
Expenses $6,040,478 · Revenue $7,039,307
As filed on the 2022 return.
Listed in Part VII
-
Abbey RossABBEY ROSS
Executive Dir.
- Total calculated
- $172,268
- From this org
- $162,066
- From related orgs
- $0
- Other
- $10,202
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,066
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,240
- Nontaxable benefits
- $6,962
- Filer's total
- $172,268
-
Michael WalkerMICHAEL WALKER
Head of School
- Total calculated
- $158,953
- From this org
- $146,905
- From related orgs
- $0
- Other
- $12,048
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,905
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,240
- Nontaxable benefits
- $8,808
- Filer's total
- $158,953
-
Katie ChavezKATIE CHAVEZ
HEAD OF SCHOOL
- Total calculated
- $77,423
- From this org
- $67,208
- From related orgs
- $0
- Other
- $10,215
- Hours/week
- 40
-
Jill FaconJILL FACON
Secretary
- Total calculated
- $61,292
- From this org
- $54,183
- From related orgs
- $0
- Other
- $7,109
- Hours/week
- 40
-
Laura KeathleyLAURA KEATHLEY
Executive Dir.
- Total calculated
- $56,893
- From this org
- $54,993
- From related orgs
- $0
- Other
- $1,900
- Hours/week
- 40
-
Cynthia BowersCYNTHIA BOWERS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brett BernsteinBRETT BERNSTEIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jenny Cho GreenJENNY CHO GREEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deborah ContiDEBORAH CONTI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jose PenalosaJOSE PENALOSA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie La LoggiaSTEPHANIE LA LOGGIA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Adam BrooksADAM BROOKS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon HulburdJON HULBURD
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Karla ReynoldsKARLA REYNOLDS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eric ShaeferERIC SHAEFER
Chairman
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349307935
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