The Newmark School Inc
- Assets
- $19.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Scotch Plains, NJ
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 22-3785561
Organization Overview
The Newmark School Inc is located in Scotch Plains, NJ. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Newmark School Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newmark School Inc 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, Newmark School Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 2.0% 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
A STATE APPROVED PRIVATE SCHOOL FOR STUDENTS WITH DISABILITIES ENABLING STUDENTS TO SUCCEED BOTH ACADEMICALLY AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWMARK SCHOOL, INC. IS A STATE APPROVED SCHOOL FOR STUDENTS WITH DISABILITIES. THE PROGRAM IS DESIGNED FOR STUDENTS CLASSIFIED AS EMOTIONALLY DISTURBED AND SERVES K-8. THE PROGRAM IS DESIGNED TO ACHIEVE MAXIMUM SOCIAL, EMOTIONAL AND ACADEMIC GROWTH FOR EACH STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Allman Director/vp | OfficerTrustee | 22 | $139,389 |
Dr Regina M Peter Director/pres | OfficerTrustee | 22 | $139,389 |
Gina Borea Principal | 22 | $86,922 | |
Cathleen Hartjen Social Worker | 22 | $75,304 | |
Bruce Shapiro Business Mgr | Officer | 22 | $75,099 |
Cristin Keegan Supervisor | 22 | $62,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,653 |
| Total Program Service Revenue | $5,841,326 |
| Investment income | $90,213 |
| 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 | $6,035,192 |
| 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. | $653,473 |
| Compensation of current officers, directors, key employees. | $130,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,450,034 |
| Pension plan accruals and contributions | $812,122 |
| Other employee benefits | $536,905 |
| Payroll taxes | $227,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,244 |
| 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 | $246,232 |
| Advertising and promotion | $0 |
| Office expenses | $11,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,311 |
| Travel | $6,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,968 |
| Interest | $123,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,186 |
| Insurance | $17,678 |
| All other expenses | $0 |
| Total functional expenses | $5,834,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,012 |
| 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 | $135,267 |
| Net Land, buildings, and equipment | $13,132,554 |
| Investments—publicly traded securities | $4,148,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,128,673 |
| Accounts payable and accrued expenses | $27,756 |
| Grants payable | $0 |
| Deferred revenue | $2,534 |
| 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 | $5,523,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,553,754 |
| Net assets without donor restrictions | $11,838,244 |
| Net assets with donor restrictions | $1,736,675 |
| 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 | $19,128,673 |