Nonprofit New School Of Northern Virginia Inc
- Assets
- $4.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 32
- Location
- Fairfax, VA
- Founding
- 03/2018
- Data as of
- 08/2022
- EIN
- 82-1288652
Organization Overview
Nonprofit New School Of Northern Virginia Inc is located in Fairfax, VA. The organization was established in 2018. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 08/2022, Nonprofit New School Of Northern Virginia Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofit New School Of Northern Virginia 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 08/2022, Nonprofit New School Of Northern Virginia Inc generated $3.7m in total revenue. All expenses for the organization totaled $3.6m during the year ending 08/2022. While expenses have increased by 168.3% per year over the past 5 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 SCHOOL'S MISSION HAS ALWAYS BEEN TO HELP STUDENTS LEARN TO USE THEIR MINDS WELL. THE CURRICULUM FOCUSES ON APPLIED LEARNING, CRITICAL THOUGHT, AND MASTERY OF ACADEMIC SKILLS - "DEEP LEARNING" - AND IS AN IDEAL PREPARATION FOR COLLEGE. GIVING STUDENTS CHOICES IN THE DIRECTION OF THEIR WORK FOSTERS "OWNERSHIP", STUDENTS FEELING INVESTED IN THEIR WORK AND GOOD ABOUT THEMSELVES, AND INSPIRED TO SET HIGHER EXPECTATIONS FOR THEIR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW SCHOOL IS A COLLEGE-PREPARATORY SCHOOL THAT TRAINS ITS STUDENTS IN THE TRADITIONAL ACADEMIC DISCIPLINES AND SKILLS ESSENTIAL FOR SUCCESS IN COLLEGE AND THE PROFESSIONAL WORLD. THE AVERAGE CLASS SIZE IS 10 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol A Traynor Trustee | Trustee | 15 | $0 |
John Daus Trustee | Trustee | 8 | $0 |
Mike Mcgurrin Trustee | Trustee | 6 | $0 |
John Potter Senior Advisor | Trustee | 1 | $0 |
Joanna Cole Trustee | Trustee | 15 | $0 |
Steven Roushakes Headmaster/trustee | Officer | 40 | $128,987 |
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 | $74,351 |
| Noncash contributions included in lines 1a–1f | $5,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,351 |
| Total Program Service Revenue | $3,517,656 |
| Investment income | $6,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,096 |
| 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 | $3,665,901 |
| 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. | $361,142 |
| Compensation of current officers, directors, key employees. | $361,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,550,951 |
| Pension plan accruals and contributions | $17,005 |
| Other employee benefits | $57,437 |
| Payroll taxes | $139,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,235 |
| Office expenses | $70,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,125,262 |
| Travel | $5,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,031 |
| Interest | $52,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,730 |
| Insurance | $0 |
| All other expenses | $105,721 |
| Total functional expenses | $3,563,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,355 |
| Savings and temporary cash investments | $2,601,935 |
| Pledges and grants receivable | $0 |
| 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 | $40,967 |
| Net Land, buildings, and equipment | $134,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,256,062 |
| Other assets | $0 |
| Total assets | $4,760,366 |
| Accounts payable and accrued expenses | $66,181 |
| Grants payable | $0 |
| Deferred revenue | $1,758,358 |
| 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 | $1,719,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $378,517 |
| Total liabilities | $3,922,164 |
| Net assets without donor restrictions | $819,131 |
| Net assets with donor restrictions | $19,071 |
| 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 | $4,760,366 |