The New America School
- Assets
- $15.0m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 74
- Location
- Denver, CO
- Founding
- 04/2004
- Data as of
- 06/2024
- 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 06/2024, New America School employed 74 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 06/2024, New America School generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 5 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
2024
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 |
|---|---|---|---|
Santiago Lopez Superintende | 40 | $144,200 | |
Jon Berninzoni Principal | 40 | $143,142 | |
David Rein Dir Of Devel | 40 | $107,498 | |
Deborah Dale Brackney Past Board C | Trustee | 2 | $0 |
David Conde Board Chair | OfficerTrustee | 2 | $0 |
Tim Flynn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,363,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $572,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,935,838 |
| Total Program Service Revenue | $5,945,541 |
| 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 | $7,881,379 |
| 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 | $3,028,336 |
| Pension plan accruals and contributions | $26,578 |
| Other employee benefits | $26,882 |
| Payroll taxes | $27,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,556 |
| Fees for services: Accounting | $73,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,477 |
| Advertising and promotion | $142,790 |
| Office expenses | $69,126 |
| Information technology | $92,331 |
| Royalties | $0 |
| Occupancy | $329,306 |
| Travel | $6,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,516 |
| Interest | $254,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471,794 |
| Insurance | $102,392 |
| All other expenses | $130,801 |
| Total functional expenses | $5,451,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,112,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $375,563 |
| Accounts receivable, net | $0 |
| 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 | $26,243 |
| Net Land, buildings, and equipment | $9,278,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,158,489 |
| Total assets | $14,951,796 |
| Accounts payable and accrued expenses | $28,509 |
| Grants payable | $0 |
| Deferred revenue | $97,673 |
| 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 | $5,277,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,477,869 |
| Total liabilities | $13,881,604 |
| 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 | $1,070,192 |
| Total liabilities and net assets/fund balances | $14,951,796 |