New School For The Arts
- Assets
- $2.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Tempe, AZ
- Founding
- 08/1995
- Data as of
- 06/2023
- EIN
- 86-0794933
Organization Overview
New School For The Arts is located in Tempe, AZ. The organization was established in 1995. As of 06/2023, New School For The Arts employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New School For The Arts 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 06/2023, New School For The Arts generated $2.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 4 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
EDUCATION THE SCHOOL'S MISSION IS TO PROVIDE STUDENTS WHO HAVE AN INTEREST AND TALENT IN THE ARTS WITH A SUPERIOR INTEGRATED ACADEMIC AND ARTS PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL SERVICED APPROXIMATELY 203 HIGH SCHOOL STUDENTS DURING THE 2022-2023 SCHOOL YEAR. THE SCHOOL OFFERS AN ALTERNATIVE PROGRAM FOR STUDENTS WITH INTEREST AND TALENTS IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Cardenas President/exec. Dean | OfficerTrustee | 35 | $94,371 |
Jane Dowell Secretary/treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,440,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,461,943 |
| Total Program Service Revenue | $120,113 |
| Investment income | $41,923 |
| 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 | $2,741,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,125 |
| Compensation of current officers, directors, key employees. | $57,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,188,858 |
| Pension plan accruals and contributions | $80,145 |
| Other employee benefits | $75,069 |
| Payroll taxes | $97,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,008 |
| Advertising and promotion | $0 |
| Office expenses | $307,568 |
| Information technology | $7,059 |
| Royalties | $0 |
| Occupancy | $274,183 |
| Travel | $10,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,696 |
| Insurance | $9,819 |
| All other expenses | $1,598 |
| Total functional expenses | $2,442,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,393 |
| 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 | $1,680,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,459 |
| Total assets | $2,156,069 |
| Accounts payable and accrued expenses | $32,032 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,313,757 |
| Escrow or custodial account liability | $4,131 |
| 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 | $16,459 |
| Total liabilities | $1,366,379 |
| Net assets without donor restrictions | $779,926 |
| Net assets with donor restrictions | $9,764 |
| 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 | $2,156,069 |