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← NEW FRONTIERS PUBLIC SCHOOLS INC

Form 990 for tax year 2023

Filed by NEW FRONTIERS PUBLIC SCHOOLS INC.

Totals

Total revenue
$5,891,544
Total expenses
$7,112,431
Contributions and grants received
$1,812,849
Grants paid
$54,100
Program service revenue
$3,715,631
Investment income
$363,064
Other revenue
$0
Total assets, end of year
$29,112,313
Total liabilities, end of year
$26,112,423
Net assets or fund balances, end of year
$2,999,890
Program services expenses (Part IX)
$6,402,909
Management and general expenses
$709,522
Fundraising expenses
$0
Program service expenses (Part III)
$6,402,909

Program services were 90.0% 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

    $1,025

  • 1e · Government grants (contributions)

    $1,039,896

  • 1f · All other contributions, gifts and grants

    $771,928

  • 2a · Program service revenue: STATE EQUALIZATION

    total $3,499,703 · related or exempt $3,499,703

  • 2b · Program service revenue: TRS BENEFIT PROGRAM RE

    total $165,621 · related or exempt $165,621

  • 2c · Program service revenue: OTHER LOCAL REVENUES

    total $30,410 · related or exempt $30,410

  • 2d · Program service revenue: COCURRICULAR, ENTERPRI

    total $11,143 · related or exempt $11,143

  • 2e · Program service revenue: FOOD SERVICE

    total $8,754 · related or exempt $8,754

  • 3 · Investment income

    total $363,064 · excluded $363,064

  • 8a · Fundraising events: gross income

    $0

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

    $1,025

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $54,100 · program services $54,100

  • 5 · Compensation of officers, directors and key employees

    total $647,896 · program services $563,670 · management and general $84,226

  • 7 · Other salaries and wages

    total $3,111,154 · program services $2,706,704 · management and general $404,450

  • 8 · Pension plan contributions

    total $421,310 · program services $366,539 · management and general $54,771

  • 9 · Other employee benefits

    total $105,692 · program services $91,952 · management and general $13,740

  • 10 · Payroll taxes

    total $53,072 · program services $46,173 · management and general $6,899

  • 11f · Fees: investment management

    total $9,000 · program services $7,560 · management and general $1,440

  • 11g · Fees: other

    total $112,804 · program services $36,097 · management and general $76,707

  • 13 · Office expenses

    total $52,548 · program services $41,002 · management and general $11,546

  • 16 · Occupancy

    total $549,415 · program services $549,415

  • 17 · Travel

    total $16,500 · program services $8,910 · management and general $7,590

  • 20 · Interest

    total $65,896 · program services $65,896

  • 22 · Depreciation, depletion and amortization

    total $741,201 · program services $741,201

  • 23 · Insurance

    total $63,399 · program services $63,399

  • 24a · Other expenses: OTHER CONTRACT LABOR

    total $741,906 · program services $704,811 · management and general $37,095

  • 24b · Other expenses: INSTRUCTIONAL MATERIALS

    total $142,577 · program services $139,177 · management and general $3,400

  • 24c · Other expenses: MAINTENANCE AND REPAIR

    total $114,508 · program services $114,508

  • 24d · Other expenses: EDUCATION SERVICE CTR

    total $109,405 · program services $101,747 · management and general $7,658

  • 24e · All other expenses

    total $48 · program services $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $415,942 · end of year $185,396

  • 2 · Savings and temporary cash investments

    beginning of year $10,390,579 · end of year $5,373,516

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

    $23,145,880

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

    $746,971

  • 10c · Land, buildings and equipment, net

    beginning of year $19,332,268 · end of year $22,398,909

  • 15 · Other assets

    beginning of year $1,271,671 · end of year $1,154,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,178,671 · end of year $1,010,444

  • 19 · Deferred revenue

    beginning of year $276,928 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $24,093,483 · end of year $24,105,640

  • 25 · Other liabilities

    beginning of year $642,670 · end of year $996,339

  • 27 · Net assets without donor restrictions

    beginning of year $1,090,590 · end of year $1,719,259

  • 28 · Net assets with donor restrictions

    beginning of year $3,128,118 · end of year $1,280,631

Mission and programs · 2023

Mission

NEW FRONTIERS PUBLIC SHOOLS, INC. [NFPS] IS DEDICATED TO EDUCATING AND GROWING OUR STUDENTS AND THEIR CHARACTER. BY COMPASSIONATELY REACHING OUT TO PEOPLE IN OUR COMMUNITY, WE GIVE STUDENTS A SENSE OF PRIDE AND PURPOSE, INSPIRING THEM TO BECOME TOMORROW'S LEADERS.

  • SEE SCHEDULE O

    Expenses $6,402,909 · Grants $54,100 · Revenue $3,715,631

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

Listed in Part VII

  • Dr Monica Ayala-Jimenez

    BOARD MEMBBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Frank Madla III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kathy Rodriguez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dr Harold Oliver

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Joe Pena

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Alfredo Segura Jr

    SUPERINTENDENT/CEO

    Total calculated
    $225,881
    From this org
    $204,547
    From related orgs
    $0
    Other
    $21,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,646
    Bonus
    $12,901
    Other
    $0
    Deferred
    $16,090
    Nontaxable benefits
    $5,244
    Filer's total
    $225,881

  • Monica Villarreal

    PRINCIPAL/SPED COMPLIANCE [THRU 8/31/24]

    Total calculated
    $132,582
    From this org
    $117,682
    From related orgs
    $0
    Other
    $14,900
    Hours/week
    40

  • Jeffrey Flores

    PRINCIPAL

    Total calculated
    $129,038
    From this org
    $114,070
    From related orgs
    $0
    Other
    $14,968
    Hours/week
    40

  • Jennifer Limas

    COO [THRU 10/31/23]

    Total calculated
    $115,806
    From this org
    $105,749
    From related orgs
    $0
    Other
    $10,057
    Hours/week
    40

  • Khalid Zakaria

    PRINCIPAL [THRU 8/31/24]

    Total calculated
    $102,287
    From this org
    $88,677
    From related orgs
    $0
    Other
    $13,610
    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 · Written employment contract
  • 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
26 June 2025
IRS schema version
2023v6.0
Source object
202521779349301212

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