New Gate School Inc
- Assets
- $1.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Sarasota, FL
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 65-0358841
Organization Overview
New Gate School Inc is located in Sarasota, FL. The organization was established in 1993. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, New Gate School Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Gate School Inc 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 Gate School Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 10.5% 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
TO EDUCATE CHILDREN THROUGH THE MONTESSORI METHOD OF INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI EDUCATION FOR CHILDREN AND TRAINING FOR TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Cutler Chairman | OfficerTrustee | $0 | |
Kathleen Leitch Treasurer | OfficerTrustee | $0 | |
Tanya Ryskind Secretary | OfficerTrustee | $0 | |
Timothy Seldin President | OfficerTrustee | $0 | |
Joyce St Giermaine Trustee | Trustee | $0 | |
Robin Howe Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $220,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,740 |
| Total Program Service Revenue | $2,714,902 |
| Investment income | $56 |
| 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 | $3,148,518 |
| 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 | $1,261,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,894 |
| Payroll taxes | $88,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,579 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $499,554 |
| 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 | $49,724 |
| Insurance | $76,660 |
| All other expenses | $52,392 |
| Total functional expenses | $2,881,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,939 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,895 |
| 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 | $571,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,544 |
| Accounts payable and accrued expenses | $35,820 |
| Grants payable | $0 |
| Deferred revenue | $752,099 |
| 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 | $560,408 |
| Other liabilities | $2,633 |
| Total liabilities | $1,350,960 |
| Net assets without donor restrictions | -$34,716 |
| Net assets with donor restrictions | $17,300 |
| 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 | $1,333,544 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Gate School Inc has recieved totaling $48,293.
| Awarding Organization | Amount |
|---|---|
David Simon Foundation New York, NY PURPOSE: CHARITABLE | $20,000 |
Donaldson Foundation Minneapolis, MN PURPOSE: NEWGATE | $17,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $11,059 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Sumter County Opportunities Inc Livingston, AL | $567,206 | $6,863,023 |
Kids Community College Charter School Inc Riverview, FL | $7,872,598 | $5,385,962 |
North Florida Child Development Inc Wewahitchka, FL | $5,676,621 | $4,866,266 |
John Milledge Academy Inc Milledgeville, GA | $6,442,412 | $5,275,141 |
Arbor Montessori School Inc Decatur, GA | $12,591,024 | $5,054,396 |