The Nova School Association
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $132.2k
- Employees
- 30
- Location
- Olympia, WA
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 91-1554519
Organization Overview
The Nova School Association is located in Olympia, WA. The organization was established in 1992. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Nova School Association employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nova School Association 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, Nova School Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 1.0% 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
INDEPENDENT MIDDLE SCHOOL FOR THE EDUCATION OF GIFTED STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOVA IS AN INDEPENDENT MIDDLE SCHOOL. NOVA'S VISION IS INSPIRING LIFELONG LEARNING FOR A MORE COMPASSIONATE, ENGAGED WORLD. WE DO THIS BY PROVIDING AN EDUCATIONAL PROGRAM FOR HIGHLY CAPABLE STUDENTS IN GRADES 6 - 8. NOVA'S MISSION IS FOSTERING THE JOYFUL PURSUIT OF INTELLECTUAL, SOCIAL, AND EMOTIONAL EXPANSION THROUGH A CHALLENGING CURRICULUM THAT NOURISHES HIGHLY CAPABLE MIDDLE SCHOOL STUDENTS TO DEVELOP IDENTITY, SELF-EMPOWERMENT, AND COMMUNITY. THIS PROGRAM IS DELIVERED THROUGH A FULL-TIME PROGRAM.
NOVA SCHOOL HAS A PHILOSOPHICAL COMMITMENT TO PROVIDING FINANCIAL ASSISTANCE FOR STUDENTS WHO HAVE MET THE ADMISSIONS STANDARDS BUT ARE UNABLE TO PAY THE FULL TUITION. NOVA USES A "BLIND" NEED BASED REVIEW PROCESS. TO MEET THIS COMMITMENT, THE SCHOOL HAS PROVIDED SIGNIFICANT FINANCIAL AID TO ASSIST APPROXIMATELY 40% OF THE CURRENT STUDENT BODY.
NOVA HIGHLY VALUES AN ENGAGED AND INSPIRED FACULTY TO MEET THE NEEDS OF NOVA'S STUDENT POPULATION. NOVA DIRECTS FUNDS TOWARD TEACHER CONFERENCES AND OTHER FORMS OF PROFESSIONAL DEVELOPMENT. WHETHER CONTENT SPECIFIC OR FOCUSED ON THE DEVELOPMENTAL NEEDS OF HIGHLY CAPABLE MIDDLE SCHOOL AGE STUDENTS, THIS IS PROVIDED SO THAT TEACHERS HAVE AN OPPORTUNITY TO EXPAND THEIR THINKING, SKILLS AND PROFESSIONAL NETWORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Hutton Head Of School | Officer | 40 | $128,879 |
Aaron Coby President | OfficerTrustee | 1 | $0 |
David Owen Vice President | OfficerTrustee | 1 | $0 |
David Mitchell Treasurer | OfficerTrustee | 1 | $0 |
Ben Merrifield Past-President | OfficerTrustee | 1 | $0 |
Carlos Garcia Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,265 |
| Related organizations | $0 |
| Government grants | $149,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,827 |
| Total Program Service Revenue | $1,636,650 |
| Investment income | $4,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,860,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $275,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,738 |
| Compensation of current officers, directors, key employees. | $121,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,146 |
| Pension plan accruals and contributions | $30,641 |
| Other employee benefits | $81,368 |
| Payroll taxes | $86,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,587 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,279 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $29,763 |
| Office expenses | $37,073 |
| Information technology | $130,606 |
| Royalties | $0 |
| Occupancy | $76,030 |
| Travel | $195 |
| 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 | $53,908 |
| Insurance | $28,296 |
| All other expenses | $10,002 |
| Total functional expenses | $1,954,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,115 |
| Savings and temporary cash investments | $299,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,669 |
| Prepaid expenses and deferred charges | $53,338 |
| Net Land, buildings, and equipment | $1,047,444 |
| Investments—publicly traded securities | $604,293 |
| Investments—other securities | $132,205 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,270,197 |
| Accounts payable and accrued expenses | $204,628 |
| Grants payable | $0 |
| Deferred revenue | $85,865 |
| 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 | $0 |
| Total liabilities | $290,493 |
| Net assets without donor restrictions | $1,847,499 |
| Net assets with donor restrictions | $132,205 |
| 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 | $2,270,197 |