New Way Academy
- Assets
- $6.8m
- Revenue
- $8.8m
- Investments
- $749.6k
- Employees
- 112
- Location
- Phoenix, AZ
- Founding
- 01/1969
- Data as of
- 06/2021
- EIN
- 86-0215781
Organization Overview
New Way Academy is located in Phoenix, AZ. The organization was established in 1969. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, New Way Academy employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Way 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 06/2021, New Way Academy generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $7.3m during the year ending 06/2021. While expenses have increased by 10.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW WAY ACADEMY IS TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES TO FULFILL THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN WITH LEARNING DIFFERENCES IN KINDERGARTEN THROUGH HIGH SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abbey Ross Executive Dir. | OfficerTrustee | 40 | $148,083 |
Michael Walker Head Of School | OfficerTrustee | 40 | $139,003 |
Jill Facon Secretary | Officer | 40 | $50,019 |
Stephanie La Loggia Treasurer | OfficerTrustee | 1 | $0 |
Eric Shaefer Chairman | OfficerTrustee | 1 | $0 |
Michelle Woker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,045 |
| Related organizations | $0 |
| Government grants | $963,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,782 |
| Noncash contributions included in lines 1a–1f | $13,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,527 |
| Total Program Service Revenue | $7,464,678 |
| Investment income | $17,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,979 |
| Net Income from Fundraising Events | -$15,124 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,782,802 |
| 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. | $335,894 |
| Compensation of current officers, directors, key employees. | $228,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,093,137 |
| Pension plan accruals and contributions | $51,490 |
| Other employee benefits | $600,945 |
| Payroll taxes | $301,405 |
| 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 | $5,626 |
| Advertising and promotion | $22,975 |
| Office expenses | $5,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393,639 |
| 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 | $135,287 |
| Insurance | $36,492 |
| All other expenses | $13,448 |
| Total functional expenses | $7,302,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $910,474 |
| Savings and temporary cash investments | $4,037,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,703 |
| 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 | $45,745 |
| Net Land, buildings, and equipment | $642,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $749,637 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,840,428 |
| Accounts payable and accrued expenses | $89,505 |
| Grants payable | $0 |
| Deferred revenue | $303,680 |
| 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 | $0 |
| Other liabilities | $324,065 |
| Total liabilities | $717,250 |
| Net assets without donor restrictions | $5,724,373 |
| Net assets with donor restrictions | $398,805 |
| 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 | $6,840,428 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New Way Academy has recieved totaling $66,988.
| Awarding Organization | Amount |
|---|---|
Charles E Benidt Foundation Inc Elm Grove, WI PURPOSE: PROGRAM SUPPORT | $40,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,500 |
The Kiita Foundation Phoenix, AZ PURPOSE: EDUCATIONAL | $10,000 |
The Crystal Family Foundation Reno, NV PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The Redesign Of Learning South Pasadena, CA | $15,785,438 | $19,718,110 |
New School For Child Development A Non-Profit Corp Sherman Oaks, CA | $70,855,402 | $24,393,908 |
Mirman School For Gifted Children Los Angeles, CA | $47,520,876 | $18,601,911 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Ecole Bilingue Berkeley, CA | $33,006,768 | $15,759,391 |
Denver Academy Inc Denver, CO | $58,736,787 | $16,828,553 |
H E L P Group West Sherman Oaks, CA | $26,040,794 | $16,433,872 |
Learning With A Difference Inc Encino, CA | $24,959,978 | $17,556,894 |
Charles Armstrong School Belmont, CA | $29,837,306 | $12,609,845 |
Escuela Popular Del Pueblo San Jose, CA | $34,236,937 | $14,055,995 |
Pediatric Therapy Network Torrance, CA | $0 | $12,859,191 |
Institute For Effective Education San Diego, CA | $31,029,793 | $13,927,303 |