New Life School
- Assets
- $914.2k
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 103
- Location
- New York, NY
- Founding
- 05/2009
- Data as of
- 06/2021
- EIN
- 20-4597888
Organization Overview
New Life School is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, New Life School employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life 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 06/2021, New Life School generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPECIALIZED EDUCATIONAL AND CLINICAL SERVICES TO SCHOOL-AGE CHILDREN (SEE SCH O)THE NEW LIFE SCHOOL PROVIDES SPECIALIZED EDUCATIONAL AND CLINICAL SERVICES TO SCHOOL-AGE CHILDREN WITH DEVELPMENTAL DISABILITIES AND MENTAL/BEHAVIORAL DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW LIFE SCHOOL PROVIDES SPECIALIZED EDUCATIONAL AND CLINICAL SERVICES TO SCHOOL-AGE CHILDREN WITH DEVELOPMENTAL DISABILITIES AND MENTAL/BEHAVIORAL DISORDERS. IN 2020/2021, SERVICES WERE PROVIDED TO AN AVERAGE OF 135 STUDENTS GRADES 3 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Dominick Reid Board Secretary | OfficerTrustee | 0.1 | $0 |
Robin Robin Board Treasurer | OfficerTrustee | 0.1 | $0 |
Paul Saueracker Board Vice Chair | OfficerTrustee | 0.1 | $0 |
Kerron Norman Cpo | Officer | 1 | $0 |
Damyn Kelly President & CEO | Officer | 5 | $0 |
Tamer Seoud CFO (resigned 1/11/21) | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,560 |
| Total Program Service Revenue | $5,611,586 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| 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 | $5,788,146 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,542,103 |
| Pension plan accruals and contributions | $160,859 |
| Other employee benefits | $500,622 |
| Payroll taxes | $268,151 |
| Fees for services: Management | $665,491 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,118 |
| Advertising and promotion | $0 |
| Office expenses | $137,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $601,398 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,210 |
| Insurance | $68,604 |
| All other expenses | $4,028 |
| Total functional expenses | $6,315,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $851,747 |
| 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 | $0 |
| Net Land, buildings, and equipment | $48,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,945 |
| Total assets | $914,244 |
| Accounts payable and accrued expenses | $335,007 |
| Grants payable | $0 |
| Deferred revenue | $9,114 |
| 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 | $4,467,549 |
| Total liabilities | $4,811,670 |
| Net assets without donor restrictions | -$3,897,426 |
| 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 | $914,244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |