New Schools For Alabama
- Assets
- $5.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Birmingham, AL
- Founding
- 08/2014
- Data as of
- 09/2023
- EIN
- 46-3827127
Organization Overview
New Schools For Alabama is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2023, New Schools For Alabama employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Schools For Alabama 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 09/2023, New Schools For Alabama generated $8.2m in total revenue. All expenses for the organization totaled $8.5m during the year ending 09/2023. While expenses have increased by 71.2% per year over the past 8 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.
Since 2020, New Schools For Alabama has awarded 41 individual grants totaling $13,910,646. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPORT THE GROWTH OF EXCELLENT PUBLIC CHARTER SCHOOLS IN ALABAMA TO ENSURE THAT EVERY CHILD HAS ACCESS TO A QUALITY PUBLIC EDUCATION.
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 |
|---|---|---|---|
Carol W Butler President | Trustee | 3 | $0 |
Dave Borden Director | Trustee | 3 | $0 |
Maria Kennedy Treasurer | Trustee | 3 | $0 |
Khadijah Abdullah Vice Chair | Trustee | 3 | $0 |
Nick Gaede Director | Trustee | 3 | $0 |
Miho Kubagawa Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,545,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,831,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,377,338 |
| Total Program Service Revenue | $724,066 |
| Investment income | $28,616 |
| 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 | $8,181,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,232,338 |
| 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. | $554,292 |
| Compensation of current officers, directors, key employees. | $71,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,183 |
| Pension plan accruals and contributions | $27,188 |
| Other employee benefits | $123,984 |
| Payroll taxes | $84,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,698 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $795,636 |
| Advertising and promotion | $0 |
| Office expenses | $106,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $129,942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,714 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,466,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,706,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,538,204 |
| Accounts receivable, net | $109,365 |
| 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 | $36,016 |
| Net Land, buildings, and equipment | $3,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,418 |
| Total assets | $5,404,006 |
| Accounts payable and accrued expenses | $95,112 |
| Grants payable | $1,427,167 |
| Deferred revenue | $7,500 |
| 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 | $40,221 |
| Total liabilities | $1,570,000 |
| Net assets without donor restrictions | $3,584,043 |
| Net assets with donor restrictions | $249,963 |
| 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 | $5,404,006 |
Grants Awarded
Over the last fiscal year, New Schools For Alabama has awarded $5,230,088 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE LADIES INFLUENCING FREEDOM AND EXCELLENCE INC PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $239,695 |
WOODLAWN COMMUNITY CHARTER SCHOOL PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $124,863 |
EMPOWER SCHOOLS OF ALABAMA INC PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $432,858 |
MAGIC CITY ACCEPTANCE ACADEMY CHARTER SCHOOL PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $343,525 |
BREAKTHROUGH CHARTER SCHOOL PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $446,446 |
LEGACY SCHOOLS PURPOSE: SEE SCHEDULE I SUPPLEMENTAL INFORMATION | $50,000 |