New Heights Academy Charter School
- Assets
- $9.8m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 135
- Location
- New York, NY
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-3057343
Organization Overview
New Heights Academy Charter School is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, New Heights Academy Charter School employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Heights Academy Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New Heights Academy Charter School generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $16.3m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO GRADUATE STUDENTS WHO ARE PREPARED TO SUCCEED IN COLLEGE AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW HEIGHTS ACADEMY CHARTER SCHOOL FAMILY EMBODIES THE CORE VALUES OF PERSEVERANCE, RESPONSIBILITY, INTEGRITY, DISCIPLINE, AND ENTHUSIASM. THE SCHOOL CULTURE IS CHARACTERIZED BY TRANSPARENT COMMUNICATION, TRUST IN COMMUNITY MEMBERS, AND AN APPRECIATION FOR DIVERSITY OF PERSPECTIVES. NEW HEIGHTS SCHOLARS ARE ENGAGED IN A RIGOROUS, COLLEGE PREPARATORY CURRICULUM WHICH EMPHASIZES CRITICAL THINKING, CURIOSITY, COMPETENCE, CONFIDENCE, AND CONTROL. SINCE OUR OPENING, WE HAVE GROWN TO SERVE 690 STUDENTS IN GRADES 5-12 AND ACHIEVED AN AVERAGE ANNUAL GRADUATION RATE THAT EXCEEDS THE REST OF THE CITY. NEW HEIGHTS PROVIDES OUR STUDENTS WITH AN ACADEMICALLY RIGOROUS EDUCATION THAT WILL PREPARE THEM TO PURSUE WHATEVEREDUCATIONAL AND PROFESSIONAL PATH THEY CHOOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherrika Fuller President | OfficerTrustee | 5 | $0 |
Brandt Smallwood Vice President | OfficerTrustee | 5 | $0 |
Marc Silberman Treasurer | OfficerTrustee | 3 | $0 |
Jamie Gartland Secretary | OfficerTrustee | 3 | $0 |
Gail Grossmann Trustee | Trustee | 2.5 | $0 |
Sarah Kretz Trustee | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rd Weis Llc Flooring | 6/29/21 | $216,831 |
Shona Mechanical Inc Hvac Project Management | 6/29/21 | $1,013,719 |
Regina Caterers Meal Services | 6/29/21 | $133,622 |
Summit Facility Solutions Inc Cleaning And Maintenance Services | 6/29/21 | $116,936 |
Charter Technology Solutions It Management | 6/29/21 | $190,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,009,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,018,260 |
| Total Program Service Revenue | $12,871,004 |
| Investment income | $6,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,091,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $604,807 |
| Compensation of current officers, directors, key employees. | $55,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,113,569 |
| Pension plan accruals and contributions | $201,170 |
| Other employee benefits | $887,469 |
| Payroll taxes | $688,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,078 |
| Fees for services: Accounting | $45,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $649,381 |
| Advertising and promotion | $142,025 |
| Office expenses | $31,971 |
| Information technology | $322,929 |
| Royalties | $0 |
| Occupancy | $2,634,454 |
| Travel | $16,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $629,935 |
| Insurance | $110,245 |
| All other expenses | $233,344 |
| Total functional expenses | $16,267,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,061 |
| Savings and temporary cash investments | $255,046 |
| Pledges and grants receivable | $3,139,631 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $595,724 |
| Net Land, buildings, and equipment | $4,927,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $693,732 |
| Total assets | $9,799,965 |
| Accounts payable and accrued expenses | $1,062,303 |
| Grants payable | $0 |
| Deferred revenue | $25,610 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $778,046 |
| Total liabilities | $1,865,959 |
| Net assets without donor restrictions | $7,934,006 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,799,965 |