New School For The Arts
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Tempe, AZ
- Founding
- 08/1995
- Data as of
- 06/2021
- EIN
- 86-0794933
Organization Overview
New School For The Arts is located in Tempe, AZ. The organization was established in 1995. As of 06/2021, New School For The Arts employed 38 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 06/2021, New School For The Arts generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 0.5% 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
2021
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 164 HIGH SCHOOL STUDENTS DURING THE 2020-2021 SCHOOL YEAR. THE SCHOOL OFFERS AN ALTERNATIVE PROGRAM FOR STUDENTS WITH INTEREST AND TALENTS IN THE ARTS.
THE SCHOOL SERVICED APPROXIMATELY 164 HIGH SCHOOL STUDENTS DURING THE 2020-2021 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 | $73,786 |
Jane Dowell Secretary/treasurer | Trustee | 1 | $0 |
Julie Adams Bd Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,807,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,840,094 |
| Total Program Service Revenue | $151,083 |
| Investment income | $6,355 |
| 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 | $2,042,574 |
| 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. | $97,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,152 |
| Pension plan accruals and contributions | $67,086 |
| Other employee benefits | $87,921 |
| Payroll taxes | $74,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,992 |
| Advertising and promotion | $391 |
| Office expenses | $150,878 |
| Information technology | $1,432 |
| Royalties | $0 |
| Occupancy | $275,864 |
| Travel | $1,777 |
| 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 | $188,079 |
| Insurance | $3,465 |
| All other expenses | $4,581 |
| Total functional expenses | $1,898,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,026 |
| Savings and temporary cash investments | $0 |
| 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 | $11,671 |
| Net Land, buildings, and equipment | $1,934,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,269,646 |
| Accounts payable and accrued expenses | $6,273 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,771,882 |
| Escrow or custodial account liability | $3,430 |
| 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 | $40,950 |
| Total liabilities | $1,822,535 |
| Net assets without donor restrictions | $429,400 |
| Net assets with donor restrictions | $17,711 |
| 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 | $2,269,646 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New School For The Arts has recieved totaling $1,578.
| Awarding Organization | Amount |
|---|---|
Lisherness Foundation phoenix, AZ PURPOSE: SUPPORT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |