The New America School
- Assets
- $13.3m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 105
- Location
- Denver, CO
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 57-1179160
Organization Overview
The New America School is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, New America School employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New America 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 06/2022, New America School generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW AMERICA SCHOOL IS A SYSTEM OF CHARTER SCHOOLS DEDICATED TO SERVING A UNIQUE POPULATION - RECENT IMMIGRANTS AND OTHER FAMILIES AND CHILDREN WHO WANT TO LEARN OR PERFECT ENGLISH AND EARN A HIGH SCHOOL DIPLOMA, NON TRADITIONAL STUDENTS AND TRADITIONAL STUDENTS SEEKING A MORE PERSONAL ATMOSPHERE THT FITS THEIR LEARNING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAS OPERATES THREE ALTERNATIVE HIGH SCHOOLS IN THE DENVER METRO AREA. THESE SCHOOLS OPERATE WITH AN EMPHASIS ON ENGLISH AND ENGLISH LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mcminimee Ret. Superin | 40 | $263,263 | |
Jon Berninzoni Principal | 40 | $176,008 | |
David Rein Dir Of Devel | 40 | $147,497 | |
Santiago Lopez Superintende | 40 | $100,429 | |
David Conde Board Chair | OfficerTrustee | 2 | $0 |
Tomas Mejia Board Secret | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,420,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,432,938 |
| Total Program Service Revenue | $5,297,460 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,730,398 |
| 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 | $3,582,137 |
| Pension plan accruals and contributions | -$2,986,462 |
| Other employee benefits | $47,210 |
| Payroll taxes | $32,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,288 |
| Fees for services: Accounting | $70,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $271,461 |
| Advertising and promotion | $122,821 |
| Office expenses | $55,681 |
| Information technology | $72,440 |
| Royalties | $0 |
| Occupancy | $230,568 |
| Travel | $30,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,417 |
| Insurance | $116,686 |
| All other expenses | $261,618 |
| Total functional expenses | $3,235,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,380,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $755,416 |
| 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 | $29,786 |
| Net Land, buildings, and equipment | $9,120,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,047,856 |
| Total assets | $13,333,577 |
| Accounts payable and accrued expenses | $36,420 |
| Grants payable | $0 |
| Deferred revenue | $143,301 |
| 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 | $5,606,714 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,706,083 |
| Total liabilities | $17,492,518 |
| Net assets without donor restrictions | $0 |
| 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 | -$4,158,941 |
| Total liabilities and net assets/fund balances | $13,333,577 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The New America School has recieved totaling $30,505.
| Awarding Organization | Amount |
|---|---|
Temple Hoyne Buell Foundation Denver, CO PURPOSE: CUIDATE! PROGRAM AT THE LAKEWOOD CAMPUS | $30,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |