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Nonprofiteer
← NEW SCHOOLS FOR ALABAMA

Form 990 for tax year 2022

Filed by NEW SCHOOLS FOR ALABAMA.

Totals

Total revenue
$8,181,256
Total expenses
$8,466,716
Contributions and grants received
$7,377,338
Grants paid
$5,232,338
Program service revenue
$724,066
Investment income
$28,616
Other revenue
$51,236
Total assets, end of year
$5,404,006
Total liabilities, end of year
$1,570,000
Net assets or fund balances, end of year
$3,834,006
Program services expenses (Part IX)
$7,991,604
Management and general expenses
$415,572
Fundraising expenses
$59,540
Program service expenses (Part III)
$7,991,604

Program services were 94.4% 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)

    $4,545,838

  • 1f · All other contributions, gifts and grants

    $2,831,500

  • 2a · Program service revenue: SCHOOL SERVICES REVENU

    total $724,066 · related or exempt $724,066

  • 3 · Investment income

    total $28,616 · excluded $28,616

  • 11a · Other revenue: OTHER INCOME

    total $51,236 · related or exempt $51,236

  • 11e · Other revenue, total

    $51,236

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,232,338 · program services $5,232,338

  • 5 · Compensation of officers, directors and key employees

    total $554,292 · program services $455,973 · management and general $71,604 · fundraising $26,715

  • 7 · Other salaries and wages

    total $541,183 · program services $384,781 · management and general $132,704 · fundraising $23,698

  • 8 · Pension plan contributions

    total $27,188 · program services $19,658 · management and general $5,914 · fundraising $1,616

  • 9 · Other employee benefits

    total $123,984 · program services $88,341 · management and general $32,229 · fundraising $3,414

  • 10 · Payroll taxes

    total $84,440 · program services $65,136 · management and general $15,493 · fundraising $3,811

  • 11b · Fees: legal

    total $65,698 · program services $62,700 · management and general $2,998

  • 11c · Fees: accounting

    total $18,500 · management and general $18,500

  • 11g · Fees: other

    total $795,636 · program services $786,267 · management and general $9,369

  • 13 · Office expenses

    total $106,931 · program services $29,368 · management and general $77,563

  • 17 · Travel

    total $129,942 · program services $90,008 · management and general $39,648 · fundraising $286

  • 19 · Conferences, conventions and meetings

    total $77,135 · program services $69,299 · management and general $7,836

  • 22 · Depreciation, depletion and amortization

    total $1,714 · management and general $1,714

  • 24a · Other expenses: SCHOOL FOUNDERS

    total $678,987 · program services $678,987

  • 24b · Other expenses: PARENT VOICE

    total $21,297 · program services $21,297

  • 24c · Other expenses: TEACHER DEVELOPMENT

    total $7,451 · program services $7,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,320,875 · end of year $3,706,837

  • 3 · Pledges and grants receivable

    beginning of year $1,735,638 · end of year $1,538,204

  • 4 · Accounts receivable

    beginning of year $202,792 · end of year $109,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,066 · end of year $36,016

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

    $7,992

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

    $4,826

  • 10c · Land, buildings and equipment, net

    beginning of year $2,131 · end of year $3,166

  • 15 · Other assets

    end of year $10,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,758 · end of year $95,112

  • 18 · Grants payable

    beginning of year $1,034,278 · end of year $1,427,167

  • 19 · Deferred revenue

    end of year $7,500

  • 25 · Other liabilities

    beginning of year $0 · end of year $40,221

  • 27 · Net assets without donor restrictions

    beginning of year $3,442,394 · end of year $3,584,043

  • 28 · Net assets with donor restrictions

    beginning of year $677,072 · end of year $249,963

Mission and programs · 2022

Mission

OUR MISSION IS TO SUPPORT THE GROWTH OF EXCELLENT PUBLIC CHARTER SCHOOLS IN ALABAMA TO ENSURE THAT EVERY CHILD HAS ACCESS TO A QUALITY PUBLIC EDUCATION.

  • SEE SCHEDULE O

    Expenses $7,991,604 · Grants $5,232,338 · Revenue $775,302

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carol W Butler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Dave Borden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Maria Kennedy

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Khadijah Abdullah

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Nick Gaede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Miho Kubagawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jan Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Richard Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Jessica Jane Wedgeworth

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    3

  • Brian Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Charles Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tyler Barnett

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $185,602
    From this org
    $162,363
    From related orgs
    $0
    Other
    $23,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,363
    Bonus
    $0
    Other
    $0
    Deferred
    $8,118
    Nontaxable benefits
    $15,121
    Filer's total
    $185,602

  • Russell Raney

    CHIEF FINANCIAL OFFICER

    Total calculated
    $137,672
    From this org
    $130,667
    From related orgs
    $0
    Other
    $7,005
    Hours/week
    40

  • Candie A Mitchell-Price

    CHIEF COMMUNICATIONS OFFIC

    Total calculated
    $93,933
    From this org
    $86,000
    From related orgs
    $0
    Other
    $7,933
    Hours/week
    40

  • Mike Brown

    CHIEF SCHOOL OFFICER

    Total calculated
    $140,995
    From this org
    $130,792
    From related orgs
    $0
    Other
    $10,203
    Hours/week
    40

  • Natalie Tucker

    CHIEF OF STAFF

    Total calculated
    $110,323
    From this org
    $98,562
    From related orgs
    $0
    Other
    $11,761
    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

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NSFA LOAN FUND LLC

    PROVIDE LOANS AND GRANTS TO ALABAMA PUBLIC CHARTER SCHOOLS · AL · income $11,683 · assets $811,683

    Directly controlled by NEW SCHOOLS FOR ALABAMA

  • NSFA DEVELOPMENT I LLC

    LEASING AND SELLING SCHOOL FACILITIES TO ALABAMA PUBLIC CHARTER SCHOOLS · AL · income $0 · assets $0

    Directly controlled by NEW SCHOOLS FOR ALABAMA

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202432259349301063

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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