New World Educational Center
- Assets
- $2.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Phoenix, AZ
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 86-0311204
Organization Overview
New World Educational Center is located in Phoenix, AZ. The organization was established in 1976. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, New World Educational Center employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Educational Center 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 World Educational Center generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 9.3% 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
EDUCATIONAL - TO PROVIDE MEANINGFUL AND RESPONSIVE EDUCATIONAL PROGRAMS AND ENVIRONMENTS TO COMPREHENSIVELY ADDRESS OUR STUDENTS' NEEDS WHILE PREPARING AND NURTURING HIGH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 170 STUDENTS AND PROMOTES HIGH ACADEMIC ACHIEVEMENT AND CAREER PREPARATION THROUGH DISCIPLINE AND PERSISTANCE TO HIGH STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesus M Armenta Principal | Trustee | 40 | $108,489 |
Gordon Ilstrup President | OfficerTrustee | 1 | $0 |
Joseph Snyder Treasurer | OfficerTrustee | 1 | $0 |
Mark Berry Secretary | OfficerTrustee | 1 | $0 |
Darin Sandidge Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,060 |
| Related organizations | $0 |
| Government grants | $2,615,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,633,456 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,675 |
| 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 | $2,637,150 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,380,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,123 |
| Payroll taxes | $118,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,325 |
| Fees for services: Accounting | $85,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255,871 |
| Advertising and promotion | $14,956 |
| Office expenses | $340,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,266 |
| Travel | $2,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,486 |
| Insurance | $22,126 |
| All other expenses | $4,704 |
| Total functional expenses | $2,760,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,891 |
| 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 | $15,515 |
| Net Land, buildings, and equipment | $1,895,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,198,052 |
| Accounts payable and accrued expenses | $116,528 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,215,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,366 |
| Total liabilities | $1,340,074 |
| Net assets without donor restrictions | $857,978 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,198,052 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New World Educational Center has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |