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Nonprofiteer
← THE NEIGHBORHOOD ACADEMY

Form 990 for tax year 2023

Filed by THE NEIGHBORHOOD ACADEMY.

Totals

Total revenue
$15,207,178
Total expenses
$5,783,249
Contributions and grants received
$14,550,777
Grants paid
$0
Program service revenue
$209,785
Investment income
$417,736
Other revenue
$28,880
Total assets, end of year
$27,358,777
Total liabilities, end of year
$1,751,967
Net assets or fund balances, end of year
$25,606,810
Program services expenses (Part IX)
$4,445,470
Management and general expenses
$320,958
Fundraising expenses
$1,016,821
Program service expenses (Part III)
$4,445,470

Program services were 76.9% 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.

  • 1a · Federated campaigns

    $38,141

  • 1c · Fundraising events

    $52,700

  • 1e · Government grants (contributions)

    $259,227

  • 1f · All other contributions, gifts and grants

    $14,200,709

  • 1g · Noncash contributions included above

    $27,112

  • 2a · Program service revenue: TUITION/FEES

    total $209,785 · related or exempt $209,785

  • 3 · Investment income

    total $417,736 · excluded $417,736

  • 6a · Gross rents

    real property $113,647

  • 6c · Rental income or loss

    real property $113,647

  • 6d · Net rental income or loss

    total $113,647 · excluded $113,647

  • 8a · Fundraising events: gross income

    $82,666

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

    $52,700

  • 8b · Fundraising events: direct expenses

    $167,433

  • 8c · Net income from fundraising events

    total -$84,767 · excluded -$84,767

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $324,286 · program services $41,361 · management and general $138,163 · fundraising $144,762

  • 7 · Other salaries and wages

    total $2,521,791 · program services $2,164,582 · management and general $4,686 · fundraising $352,523

  • 8 · Pension plan contributions

    total $84,003 · program services $76,450 · fundraising $7,553

  • 9 · Other employee benefits

    total $233,051 · program services $191,495 · management and general $7,634 · fundraising $33,922

  • 10 · Payroll taxes

    total $202,998 · program services $161,375 · management and general $9,816 · fundraising $31,807

  • 11e · Fees: professional fundraising services

    total $133,731 · fundraising $133,731

  • 11f · Fees: investment management

    total $30,357 · management and general $30,357

  • 13 · Office expenses

    total $5,412 · program services $2,564 · management and general $156 · fundraising $2,692

  • 14 · Information technology

    total $80,734 · program services $52,161 · management and general $8,186 · fundraising $20,387

  • 16 · Occupancy

    total $299,595 · program services $295,433 · management and general $1,284 · fundraising $2,878

  • 17 · Travel

    total $68,375 · program services $58,382 · management and general $8,018 · fundraising $1,975

  • 20 · Interest

    total $83,494 · program services $82,334 · management and general $358 · fundraising $802

  • 22 · Depreciation, depletion and amortization

    total $455,038 · program services $442,759 · management and general $3,324 · fundraising $8,955

  • 23 · Insurance

    total $59,999 · program services $59,166 · management and general $257 · fundraising $576

  • 24a · Other expenses: OTHER PROGRAM

    total $472,277 · program services $472,276 · fundraising $1

  • 24b · Other expenses: FUNDRAISING AND PROMOTION

    total $208,268 · fundraising $208,268

  • 24c · Other expenses: OTHER ADMINISTRATIVE

    total $116,812 · program services $18,777 · management and general $88,524 · fundraising $9,511

  • 24d · Other expenses: FOOD AND KITCHEN

    total $109,047 · program services $109,047

  • 24e · All other expenses

    total $293,981 · program services $217,308 · management and general $20,195 · fundraising $56,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $803,001 · end of year $278,711

  • 2 · Savings and temporary cash investments

    beginning of year $2,467,507 · end of year $7,716,352

  • 3 · Pledges and grants receivable

    beginning of year $582,304 · end of year $2,807,693

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,563 · end of year $83,944

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

    $13,673,973

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

    $5,460,655

  • 10c · Land, buildings and equipment, net

    beginning of year $8,429,371 · end of year $8,213,318

  • 11 · Investments: publicly traded securities

    beginning of year $3,070,787 · end of year $5,632,311

  • 12 · Investments: other securities

    beginning of year $1,565,062 · end of year $2,570,510

  • 15 · Other assets

    beginning of year $76,251 · end of year $55,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $190,928 · end of year $246,427

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,540,894 · end of year $1,449,602

  • 25 · Other liabilities

    beginning of year $76,251 · end of year $55,938

  • 27 · Net assets without donor restrictions

    beginning of year $12,675,305 · end of year $14,337,180

  • 28 · Net assets with donor restrictions

    beginning of year $2,588,468 · end of year $11,269,630

Mission and programs · 2023

Mission

TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY PREPARING LOW-INCOM STUDENTS FOR HIGHER EDUCATION. WE COMMIT TO A PHILOSOPHY THAT INCLUDES THE PRACTICE OF CIVILITY, DISCIPLINED ACADEMIC WORK IN THE (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

PROVIDING EDUCATION AND PREPARING LOW-INCOME STUDENTS FOR HIGHER EDUCATION.

  • THE NEIGHBORHOOD ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY SCHOOL ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS. THE SCHOOL IS PRIVATELY FUNDED THROUGH THE GENEROSITY OF COMMITTED INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND FAITH COMMUNITIES. PARENTS CONTRIBUTE A SMALL MONTHLY TUITION FEE THAT IS BASED ON INCOME LEVEL. THIS TUITION REQUIREMENT INVOLVES FAMILIES AND ENCOURAGES THEM TO ASSIGN A VALUE TO EDUCATION. PARENTS ALSO SHARE THE COST OF THEIR CHILD'S EDUCATION BY PARTICIPATING IN MEAL TEAMS AND CARPOOLS. LOW-INCOME STUDENTS OFTEN ARRIVE AT SCHOOL BURDENED BY THE CONSEQUENCES OF POVERTY. ISSUES ARISING FROM UNSTRUCTURED HOME LIVES, CONCERNS ABOUT BASIC DAILY NEEDS, AND LACK OF ACCESS TO AN ENVIRONMENT (CONTINUED ON SCHEDULE O)

    Expenses $4,445,470 · Revenue $209,785

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

Listed in Part VII

  • Anthony Williams

    HEAD OF SCHO

    Total calculated
    $206,344
    From this org
    $189,656
    From related orgs
    $0
    Other
    $16,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,156
    Bonus
    $4,500
    Other
    not reported
    Deferred
    $11,379
    Nontaxable benefits
    $5,309
    Filer's total
    $206,344

  • Brent Jernigan

    ASST. HEAD O

    Total calculated
    $162,441
    From this org
    $148,028
    From related orgs
    $0
    Other
    $14,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,808
    Bonus
    $15,220
    Other
    not reported
    Deferred
    $8,882
    Nontaxable benefits
    $5,531
    Filer's total
    $162,441

  • Carolyn Sanford

    ASST. HEAD O

    Total calculated
    $118,635
    From this org
    $111,920
    From related orgs
    $0
    Other
    $6,715
    Hours/week
    40

  • Barbara Hall

    BUSINESS MAN

    Total calculated
    $114,382
    From this org
    $107,399
    From related orgs
    $0
    Other
    $6,983
    Hours/week
    40

  • Kirsten Albert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Micah Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sara Basko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William Bensur

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Dapper

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Anissa Gilbert

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    2

  • H Edwin Haller

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Douglas Hollaman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephen Lackey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joseph McHugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • D Bryant Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chris Randall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Madelyn Toliver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edmond Watters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Annie Westbrook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Blair William

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joseph Wilson

    BOARD MEMBER

    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

None.

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
11 June 2025
IRS schema version
2023v6.0
Source object
202521679349300942

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