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Nonprofiteer
← NEW BEGINNINGS FAMILY ACADEMY INC

Form 990 for tax year 2024

Filed by NEW BEGINNINGS FAMILY ACADEMY INC.

Totals

Total revenue
$7,647,711
Total expenses
$8,466,905
Contributions and grants received
$7,480,207
Grants paid
$0
Program service revenue
$35,309
Investment income
$99,184
Other revenue
$33,011
Total assets, end of year
$6,715,381
Total liabilities, end of year
$3,064,857
Net assets or fund balances, end of year
$3,650,524
Program services expenses (Part IX)
$7,487,962
Management and general expenses
$751,942
Fundraising expenses
$227,001
Program service expenses (Part III)
$7,487,962

Program services were 88.4% 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)

    $7,215,099

  • 1f · All other contributions, gifts and grants

    $265,108

  • 2a · Program service revenue: STUDENT ACTIVITY FEE

    total $35,309 · related or exempt $35,309

  • 3 · Investment income

    total $99,184 · excluded $99,184

  • 6a · Gross rents

    real property $33,011

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $33,011

  • 6d · Net rental income or loss

    total $33,011 · excluded $33,011

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $420,257 · program services $116,093 · management and general $287,316 · fundraising $16,848

  • 7 · Other salaries and wages

    total $4,635,828 · program services $4,311,669 · management and general $188,492 · fundraising $135,667

  • 9 · Other employee benefits

    total $829,059 · program services $772,890 · management and general $28,240 · fundraising $27,929

  • 10 · Payroll taxes

    total $220,382 · program services $173,353 · management and general $34,595 · fundraising $12,434

  • 11b · Fees: legal

    total $1,435 · management and general $1,435

  • 11c · Fees: accounting

    total $35,158 · management and general $35,158

  • 11g · Fees: other

    total $149,135 · program services $117,413 · management and general $31,722

  • 12 · Advertising and promotion

    total $66,203 · program services $66,203

  • 13 · Office expenses

    total $324,306 · program services $264,570 · management and general $25,613 · fundraising $34,123

  • 14 · Information technology

    total $137,892 · program services $118,271 · management and general $19,621

  • 16 · Occupancy

    total $425,012 · program services $403,761 · management and general $21,251

  • 19 · Conferences, conventions and meetings

    total $319 · program services $319

  • 20 · Interest

    total $71,126 · program services $71,126

  • 22 · Depreciation, depletion and amortization

    total $540,858 · program services $513,815 · management and general $27,043

  • 23 · Insurance

    total $76,439 · program services $61,151 · management and general $15,288

  • 24a · Other expenses: FOOD SERVICES

    total $439,577 · program services $439,577

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $52,784 · program services $22,230 · management and general $30,554

  • 24c · Other expenses: OTHER ACTIVITIES

    total $27,459 · program services $27,459

  • 24d · Other expenses: OTHER FEES

    total $13,676 · program services $8,062 · management and general $5,614

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,585,507 · end of year $1,912,520

  • 3 · Pledges and grants receivable

    beginning of year $316,110 · end of year $141,485

  • 4 · Accounts receivable

    beginning of year $145,571 · end of year $113,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,084 · end of year $207,153

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

    $10,961,008

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

    $6,744,201

  • 10c · Land, buildings and equipment, net

    beginning of year $4,023,370 · end of year $4,216,807

  • 15 · Other assets

    beginning of year $160,594 · end of year $123,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $722,406 · end of year $891,611

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $161,112 · end of year $128,246

  • 27 · Net assets without donor restrictions

    beginning of year $2,192,941 · end of year $1,790,934

  • 28 · Net assets with donor restrictions

    beginning of year $2,276,777 · end of year $1,859,590

Mission and programs · 2024

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 38 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 $7,487,962 · Revenue $35,309

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronelle P Swagerty

    CEO

    Total calculated
    $203,635
    From this org
    $169,040
    From related orgs
    $0
    Other
    $34,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,040
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,595
    Filer's total
    $203,635

  • Pamela Dalton

    CHIEF ACADEMIC OFFICER

    Total calculated
    $164,737
    From this org
    $152,623
    From related orgs
    $0
    Other
    $12,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,623
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,114
    Filer's total
    $164,737

  • Valore Turner

    UPPER SCHOOL PRINCIPAL

    Total calculated
    $156,190
    From this org
    $122,226
    From related orgs
    $0
    Other
    $33,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,226
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,964
    Filer's total
    $156,190

  • Collette Fearon

    LOWER SCHOOL PRINCIPAL

    Total calculated
    $151,638
    From this org
    $151,191
    From related orgs
    $0
    Other
    $447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,191
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $447
    Filer's total
    $151,638

  • Luis Cartagena

    COO & CFO

    Total calculated
    $138,537
    From this org
    $105,119
    From related orgs
    $0
    Other
    $33,418
    Hours/week
    40

  • Roree Warnke

    CHIEF DEVELOPMENT & COMMUNICATIONS

    Total calculated
    $131,887
    From this org
    $107,052
    From related orgs
    $0
    Other
    $24,835
    Hours/week
    40

  • Tasha Harris

    DIRECTOR

    Total calculated
    $85,784
    From this org
    $75,716
    From related orgs
    $0
    Other
    $10,068
    Hours/week
    40

  • 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

  • Mindy Fox Pritchard

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Craig Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kevin Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Patricia Sempertegui

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kizzy Jeter-Wilcox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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
2024
Filed
19 February 2026
IRS schema version
2024v5.5
Source object
202630619349300938

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