New Life Day School
- Assets
- $389.7k
- Revenue
- $664.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Galveston, TX
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4184940
Organization Overview
New Life Day School is located in Galveston, TX. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, New Life Day School employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Day 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 12/2022, New Life Day School generated $664.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $580.2k during the year ending 12/2022. While expenses have increased by 12.6% 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
THE PURPOSE OF THE ORGINIZATION IS TO PROVIDE A WEEKDAY SERVICE MINISTRY TO CHILDREN AND THEIR FAMILIES, PROVIDE BILINGUAL(ENGLISH/SPANISH) EDUCATIONAL FOUNDATION, AND TO OFFER QUALITY PROGRAMS FOR THE DEVELOPMENTAL NEEDS OF EACH CHILD
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE DAY SCHOOL'S MISSON IS TO PROVIDE HIGH QUALITY AND AFFORDABLE CARE AND EDUCATION TO CHILDREN OF LOW INCOME FAMILIES IN OUR COMMUNITY BETWEEN THE AGES OF 3 MONTHS AND 4 YEARS OLD. SINCE OPENING, WE HAVE CONTINUED TO WITNESS CHILDREN GROW IN SPANISH AND ENGLISH VOCABULARY, SOCIAL SKILLS AND BASIC SCHOOL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Baltazar-Aldama Officer | OfficerTrustee | 0 | $0 |
Dr Vivian Hernandez Officer | OfficerTrustee | 0 | $0 |
Elsa M Hernandez Officer | OfficerTrustee | 0 | $0 |
Elsa Dominguez Officer | OfficerTrustee | 0 | $0 |
Rev David J Gomez Officer | OfficerTrustee | 0 | $0 |
Maria J Gomez Director | OfficerTrustee | 40 | $62,475 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $654,759 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,995 |
| 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. | $60,381 |
| Compensation of current officers, directors, key employees. | $30,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,652 |
| Payroll taxes | $31,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $10,923 |
| All other expenses | $26,405 |
| Total functional expenses | $580,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305 |
| 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 | $66,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $389,661 |
| Accounts payable and accrued expenses | $16,568 |
| 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 | $93,910 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $110,478 |
| Net assets without donor restrictions | $279,183 |
| 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 | $389,661 |