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Nonprofiteer
← NEW BEGINNINGS FAMILY ACADEMY INC

Form 990 for tax year 2023

Filed by NEW BEGINNINGS FAMILY ACADEMY INC.

Totals

Total revenue
$9,704,902
Total expenses
$8,291,353
Contributions and grants received
$9,527,330
Grants paid
$0
Program service revenue
$29,342
Investment income
$115,177
Other revenue
$33,053
Total assets, end of year
$7,398,236
Total liabilities, end of year
$2,928,518
Net assets or fund balances, end of year
$4,469,718
Program services expenses (Part IX)
$7,231,167
Management and general expenses
$780,516
Fundraising expenses
$279,670
Program service expenses (Part III)
$7,231,167

Program services were 87.2% 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.

  • 1e · Government grants (contributions)

    $7,251,272

  • 1f · All other contributions, gifts and grants

    $2,276,058

  • 2a · Program service revenue: STUDENT ACTIVITY FEE

    total $29,342 · related or exempt $29,342

  • 3 · Investment income

    total $115,177 · excluded $115,177

  • 6a · Gross rents

    real property $33,053

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $33,053

  • 6d · Net rental income or loss

    total $33,053 · excluded $33,053

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $460,934 · program services $109,803 · management and general $328,808 · fundraising $22,323

  • 7 · Other salaries and wages

    total $4,599,264 · program services $4,218,861 · management and general $195,103 · fundraising $185,300

  • 9 · Other employee benefits

    total $794,111 · program services $728,425 · management and general $24,643 · fundraising $41,043

  • 10 · Payroll taxes

    total $249,257 · program services $193,449 · management and general $38,666 · fundraising $17,142

  • 11b · Fees: legal

    total $9,362 · management and general $9,362

  • 11c · Fees: accounting

    total $36,035 · management and general $36,035

  • 11g · Fees: other

    total $161,152 · program services $132,674 · management and general $28,478

  • 12 · Advertising and promotion

    total $23,890 · program services $23,890

  • 13 · Office expenses

    total $290,686 · program services $254,996 · management and general $21,828 · fundraising $13,862

  • 14 · Information technology

    total $127,759 · program services $109,445 · management and general $18,314

  • 16 · Occupancy

    total $428,700 · program services $407,264 · management and general $21,436

  • 17 · Travel

    total $32 · program services $6 · management and general $26

  • 19 · Conferences, conventions and meetings

    total $287 · program services $287

  • 20 · Interest

    total $68,671 · program services $68,671

  • 22 · Depreciation, depletion and amortization

    total $522,624 · program services $496,493 · management and general $26,131

  • 23 · Insurance

    total $73,310 · program services $58,648 · management and general $14,662

  • 24a · Other expenses: FOOD SERVICES

    total $374,000 · program services $374,000

  • 24b · Other expenses: OTHER ACTIVITIES

    total $34,537 · program services $21,584 · management and general $12,953

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $20,111 · program services $20,111

  • 24d · Other expenses: OTHER FEES

    total $16,631 · program services $12,560 · management and general $4,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,224,682 · end of year $2,585,507

  • 3 · Pledges and grants receivable

    beginning of year $193,818 · end of year $316,110

  • 4 · Accounts receivable

    beginning of year $108,119 · end of year $145,571

  • 9 · Prepaid expenses and deferred charges

    beginning of year $252,839 · end of year $167,084

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

    $10,263,773

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

    $6,240,403

  • 10c · Land, buildings and equipment, net

    beginning of year $4,113,787 · end of year $4,023,370

  • 15 · Other assets

    beginning of year $6,724 · end of year $160,594

  • 17 · Accounts payable and accrued expenses

    beginning of year $782,573 · end of year $722,406

  • 23 · Secured mortgages and notes payable

    beginning of year $2,045,000 · end of year $2,045,000

  • 25 · Other liabilities

    beginning of year $16,227 · end of year $161,112

  • 27 · Net assets without donor restrictions

    beginning of year $2,608,599 · end of year $2,192,941

  • 28 · Net assets with donor restrictions

    beginning of year $447,570 · end of year $2,276,777

Mission and programs · 2023

Mission

NEW BEGINNINGS FAMILY ACADEMY PROVIDES ITS STUDENTS A MEANINGFUL, HIGH-QUALITY EDUCATION THROUGH EXPERIENCE-BASED LEARNING THAT HELPS DEVELOP ESSENTIAL SOCIAL, EMOTIONAL AND CRITICAL-THINKING SKILLS. THIS GIVES ALL CHILDREN A FOUNDATION TO ACHIEVE THEIR FULL POTENTIAL AT EVERY STAGE OF LIFE.

  • OPERATION OF A CHARTER SCHOOL PROVIDING FULL DAY PRE-K THROUGH 6TH GRADES FOR 391 STUDENTS AND 41 INSTRUCTORS. NBFA'S RESEARCH-BASED AND CULTURALLY RESPONSIVE CURRICULUM ENSURES A SOLID GRASP OF ESSENTIAL LITERACY AND NUMERACY FOUNDATIONAL SKILLS, CRITICAL THINKING, PROBLEM-SOLVING AND RIGOROUS PREPARATION FOR CHALLENGING SECONDARY EDUCATION. WE ARE A SCHOOL WITH HIGH SOCIAL-EMOTIONAL LEARNING CAPACITY. NBFA'S EMOTIONALLY RESPONSIVE PRACTICE (ERP) MODEL ATTENDS TO THE WHOLE CHILD, NOT JUST ACADEMICS. OUR DIVERSE TEAM OF CERTIFIED TEACHERS AND LEADERS IS COMPRISED OF EMPATHIC INDIVIDUALS WHO BELIEVE IN THE TRANSFORMATIVE POWER OF HIGH-QUALITY EDUCATION AND THE POTENTIAL OF EVERY CHILD, REGARDLESS OF DEMOGRAPHICS. SELECTED THROUGH A BLIND LOTTERY, NBFA'S HARDWORKING, INQUISITIVE STUDENTS COME FROM EVERY NEIGHBORHOOD IN BRIDGEPORT AND REFLECT THE VARIOUS ETHNICITIES AND CULTURES THAT MAKE UP PARK CITY. THEIR FAMILIES CONTRIBUTE GREATLY TO THE SCHOOL'S CLIMATE AND STUDENT OUTCOMES.

    Expenses $7,231,167 · Revenue $29,342

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Foley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Lashea Hall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Mylena Teixeira

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Kevin Knight

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Craig Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mindy Fox Pritchard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Denise Taylor

    DIRECTOR

    Total calculated
    $81,642
    From this org
    $56,271
    From related orgs
    $0
    Other
    $25,371
    Hours/week
    40

  • Patricia Sempertegui

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ronelle P Swagerty

    CEO

    Total calculated
    $197,282
    From this org
    $171,604
    From related orgs
    $0
    Other
    $25,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,604
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,678
    Filer's total
    $197,282

  • Luis Cartagena

    COO & CFO

    Total calculated
    $135,125
    From this org
    $103,483
    From related orgs
    $0
    Other
    $31,642
    Hours/week
    40

  • Collette Fearon

    LOWER SCHOOL PRINCIPAL

    Total calculated
    $147,256
    From this org
    $146,788
    From related orgs
    $0
    Other
    $468
    Hours/week
    40

  • Valore Turner

    UPPER SCHOOL PRINCIPAL

    Total calculated
    $151,959
    From this org
    $119,491
    From related orgs
    $0
    Other
    $32,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,491
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,468
    Filer's total
    $151,959

  • Pamela Dalton

    CHIEF ACADEMIC OFFICER

    Total calculated
    $163,071
    From this org
    $150,160
    From related orgs
    $0
    Other
    $12,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,160
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,911
    Filer's total
    $163,071

  • Roree Warnke

    CHIEF DEVELOPMENT & COMMUNICATIONS OFFICER

    Total calculated
    $129,073
    From this org
    $104,795
    From related orgs
    $0
    Other
    $24,278
    Hours/week
    40

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 · 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
2023
Filed
4 March 2025
IRS schema version
2023v6.0
Source object
202541359349301549

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