The Nueva School
- Assets
- $241.6m
- Revenue
- $66.4m
- Investments
- $0.0
- Employees
- 311
- Location
- Hillsborough, CA
- Founding
- 07/1967
- Data as of
- 06/2021
- EIN
- 94-1633387
Organization Overview
The Nueva School is located in Hillsborough, CA. The organization was established in 1967. 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 06/2021, Nueva School employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nueva School 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, Nueva School generated $66.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $50.6m during the year ending 06/2021. While expenses have increased by 4.9% 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
INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 12TH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Rosenberg Former Head Of School | 40 | $669,241 | |
Terry Lee Associate Head Of School | Officer | 40 | $464,416 |
Lee Fertig Head Of School | Officer | 40 | $237,826 |
John Gavin Bradley Director Of College Counseling | 40 | $211,986 | |
Joseph Cheeseman Director Of Development | 40 | $197,542 | |
Taryn Grogan Director Of Admission | 40 | $178,710 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wl Butler Construction Services | 6/29/21 | $15,648,779 |
Service By Medallion Janitorial Services | 6/29/21 | $1,458,148 |
Epicurean Group Catering & Special Events Ser. | 6/29/21 | $922,809 |
Pro Guard Security Services Security Services | 6/29/21 | $698,813 |
Cagwin & Dorward Landscape Maintenance, Construction & Tr | 6/29/21 | $715,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,233,128 |
| Related organizations | $0 |
| Government grants | $4,195,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,016,332 |
| Noncash contributions included in lines 1a–1f | $1,272,164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,444,560 |
| Total Program Service Revenue | $47,295,064 |
| Investment income | $462,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,550 |
| Net Income from Fundraising Events | $152,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,364,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,987,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,167,093 |
| Compensation of current officers, directors, key employees. | $1,167,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,421,716 |
| Pension plan accruals and contributions | $530,026 |
| Other employee benefits | $5,008,737 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,868 |
| Fees for services: Accounting | $68,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,435,127 |
| Advertising and promotion | $287,835 |
| Office expenses | $271,472 |
| Information technology | $1,384,740 |
| Royalties | $0 |
| Occupancy | $1,649,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,463 |
| Interest | $1,289,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,255,796 |
| Insurance | $268,713 |
| All other expenses | $1,947,913 |
| Total functional expenses | $50,648,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,174 |
| Savings and temporary cash investments | $44,023,449 |
| Pledges and grants receivable | $3,654,917 |
| Accounts receivable, net | $14,949,261 |
| 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 | $1,022,487 |
| Net Land, buildings, and equipment | $158,411,185 |
| Investments—publicly traded securities | $17,127,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,590,126 |
| Total assets | $241,559,050 |
| Accounts payable and accrued expenses | $5,454,755 |
| Grants payable | $0 |
| Deferred revenue | $45,274,330 |
| Tax-exempt bond liabilities | $35,092,854 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,074,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,896,666 |
| Net assets without donor restrictions | $117,862,952 |
| Net assets with donor restrictions | $34,799,432 |
| 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 | $241,559,050 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that The Nueva School has recieved totaling $22,048,373.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $19,677,912 |
Anne Wojcicki Foundation Los Altos, CA PURPOSE: REALIZE THE POTENTIAL CAPITAL CAMPAIGN AND ANNUAL FUND | $1,000,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $445,724 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $334,000 |
Sergey Brin Family Foundation San Francisco, CA PURPOSE: THE NUEVA FUND | $200,000 |
Han And Jiang Family Foundation Hillsborough, CA PURPOSE: TO SUPPORT THE NUEVA SCHOOL | $100,000 |
Endowment Analysis
| Beg. Balance | $13,577,227 |
| Earnings | $3,516,548 |
| Net Contributions | $1,555,166 |
| Ending Balance | $18,648,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Nueva School Hillsborough, CA | $241,559,050 | $66,364,688 |
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |