Newman International Academy
- Assets
- $48.6m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 641
- Location
- Arlington, TX
- Founding
- 02/2008
- Data as of
- 08/2023
- EIN
- 75-2679597
Organization Overview
Newman International Academy is located in Arlington, TX. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 08/2023, Newman International Academy employed 641 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newman International Academy 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 08/2023, Newman International Academy generated $33.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $34.2m during the year ending 08/2023. While expenses have increased by 14.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN AND EDUCATE FUTURE GENERATIONS OF YOUNG MEN AND WOMEN WITH WISDOM, STATURE AND FAVOR; TO GIVE STUDENTS OPPORTUNITIES TO BECOME WHOLE INDIVIDUALS READY TO SERVE THE WORLD BY HELPING THEM REACH THEIR HIGHEST POTENTIAL, AND TO PROVIDE IN PARTNERSHIP WITH PARENTS AND COMMUNITY A WELL-ROUNDED EDUCATION WITHIN THE CONTEXT OF AMERICAN HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWMAN INTERNATIONAL ACADEMY OF ARLINGTON SERVES PRE-K THROUGH GRADE 12 STUDENTS. IT IS A COLLEGE-PREP SCHOOL OF RIGOROUS CURRICULUM WHICH (A) PREPARES ITS STUDENTS TO MEET NATIONAL AND GLOBAL DEMANDS IN ACADEMIC AND CAREER FIELDS ESPECIALLY IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND ATHLETICS, AND MATHEMATICS (STEAM), (B) SERVES MULTI-CULTURAL STUDENTS FROM RURAL, SUB-URBAN COMMUNITIES OF ALL SOCIO-ECONOMIC BACKGROUNDS, (C) SERVES HOME-SCHOOLED STUDENTS WHO ARE LOOKING TO TRANSITION INTO PUBLIC EDUCATION (D) BELIEVES IN HIGH ACADEMIC AND FINANCIAL ACCOUNTABILITY ALONG WITH SERIOUS PARENTAL INVOLVEMENT, AND (E) EMPHASIZES CHARACTER DEVELOPMENT OF STUDENTS IN THE CONTEXT OF AMERICAN HERITAGE AND VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Royer Vice President | OfficerTrustee | 2 | $0 |
Iva Laverne Raine President | OfficerTrustee | 2 | $0 |
Sheba K George Secy/dir/supt | OfficerTrustee | 40 | $156,088 |
Jb Morgan Board Member | Trustee | 2 | $0 |
Josiah Jerome Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Twelve Oaks Catering Llc Food Services | 8/30/23 | $1,293,459 |
Fuller Law Group Legal Services | 8/30/23 | $194,622 |
Orbital Llc Financial Consulting | 8/30/23 | $217,103 |
Pritchard Industries Southwest Llc Cleaning Services | 8/30/23 | $103,828 |
Rich Management Services Janitorial Service | 8/30/23 | $164,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,061,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,105,411 |
| Total Program Service Revenue | $439,147 |
| Investment income | $110,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,656,605 |
| 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. | $172,286 |
| Compensation of current officers, directors, key employees. | $172,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,309,580 |
| Pension plan accruals and contributions | $896,121 |
| Other employee benefits | $704,959 |
| Payroll taxes | $297,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,349 |
| Fees for services: Accounting | $23,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,157 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,680,999 |
| Travel | $213,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,766,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,359,406 |
| Insurance | $303,590 |
| All other expenses | $34,502 |
| Total functional expenses | $34,213,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,015,957 |
| Savings and temporary cash investments | $2,438,960 |
| Pledges and grants receivable | $3,169,685 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,430,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $316,981 |
| Other assets | $3,238,608 |
| Total assets | $48,610,674 |
| Accounts payable and accrued expenses | $1,706,169 |
| Grants payable | $0 |
| Deferred revenue | $30,781 |
| Tax-exempt bond liabilities | $33,145,000 |
| 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 | $3,068,608 |
| Total liabilities | $37,950,558 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $10,660,116 |
| 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 | $48,610,674 |