New Visions Charter Schools
- Assets
- $11.8m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 265
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-2339783
Organization Overview
New Visions Charter Schools is located in New York, NY. The organization was established in 2015. 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, New Visions Charter Schools employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Visions Charter Schools 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 Visions Charter Schools generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $25.5m during the year ending 06/2022. While expenses have increased by 10.0% 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nissi Jonathan Principal - Ams Iii | Officer | 40 | $203,861 |
Hannah Kehn Principal - Hum Iv | Officer | 40 | $186,916 |
Claubentz Dieujuste Principal - Ams Iv | Officer | 40 | $177,816 |
Janique L Cambridge Principal - Hum Iii | Officer | 40 | $166,886 |
Margaret Miranda Assistant Principal - Ams Iii | 40 | $157,177 | |
Carol Franco Assistant Principal - Ams Iii | 40 | $152,368 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Visions For Public Schools Management Services | 6/29/20 | $1,851,868 |
Sprout Llc Construction | 6/29/20 | $148,275 |
Sprout Llc Construction | 6/29/20 | $148,275 |
New Visions For Public Schools Management Services | 6/29/20 | $1,851,868 |
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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $26,593,542 |
| Investment income | $5,673 |
| 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 | $26,708,590 |
| 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. | $1,311,588 |
| Compensation of current officers, directors, key employees. | $643,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,870,759 |
| Pension plan accruals and contributions | $858,412 |
| Other employee benefits | $1,905,397 |
| Payroll taxes | $1,048,434 |
| Fees for services: Management | $2,131,479 |
| Fees for services: Legal | $51,587 |
| Fees for services: Accounting | $40,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $661,784 |
| Advertising and promotion | $111,269 |
| Office expenses | $417,385 |
| Information technology | $732,716 |
| Royalties | $0 |
| Occupancy | $192,210 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,824 |
| Insurance | $162,300 |
| All other expenses | $65,091 |
| Total functional expenses | $25,456,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,754,033 |
| Savings and temporary cash investments | $405,352 |
| Pledges and grants receivable | $2,394,366 |
| Accounts receivable, net | -$1,838 |
| 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 | $135,762 |
| Net Land, buildings, and equipment | $84,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,353 |
| Total assets | $11,814,345 |
| Accounts payable and accrued expenses | $1,140,929 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,324,886 |
| Total liabilities | $2,465,815 |
| Net assets without donor restrictions | $9,340,130 |
| Net assets with donor restrictions | $8,400 |
| 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 | $11,814,345 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Visions Charter Schools has recieved totaling $41,401.
| Awarding Organization | Amount |
|---|---|
New Visions For Public Schools Inc New York, NY PURPOSE: NETWORK FOR SCHOOL IMPROVEMENT- COLLEGE READY | $40,000 |
New Visions For Public Schools Inc New York, NY PURPOSE: CHARTER TEACHER RESIDENCY TUITION | $1,401 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |