New Day Academy Inc
- Assets
- $3.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Alturas, CA
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 94-3356126
Organization Overview
New Day Academy Inc is located in Alturas, CA. The organization was established in 2002. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, New Day Academy Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Day Academy Inc 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 Day Academy Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 8.2% 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
NEW DAY ACADEMY'S MISSION IS TO PROVIDE AN INNOVATIVE PERSONALIZED LEARNING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW DAY ACADEMY PROVIDES A PERSONALIZED ONLINE LEARNING ENVIRONMENT UTILIZING AN INDEPENDENT STUDY MODEL. THE ACADEMY SERVED OVER 480 STUDENT IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Blachman Executive Director | Officer | 40 | $133,622 |
Julie Warner Secretary | OfficerTrustee | 2 | $0 |
Andy Anderson Member | Trustee | 2 | $0 |
Natalie Moutard Member | Trustee | 2 | $0 |
Patricia Watson Member | Trustee | 2 | $0 |
Bonnie Simmons Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,096,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,096,731 |
| Total Program Service Revenue | $0 |
| Investment income | $12,251 |
| 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 | $6,125,824 |
| 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. | $213,456 |
| Compensation of current officers, directors, key employees. | $64,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,373,009 |
| Pension plan accruals and contributions | $375,667 |
| Other employee benefits | $420,998 |
| Payroll taxes | $54,950 |
| Fees for services: Management | $181,998 |
| Fees for services: Legal | $5,116 |
| Fees for services: Accounting | $10,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,849 |
| Advertising and promotion | $1,152 |
| Office expenses | $21,176 |
| Information technology | $2,933 |
| Royalties | $0 |
| Occupancy | $124,252 |
| Travel | $21,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,893 |
| Interest | $546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,743 |
| Insurance | $28,020 |
| All other expenses | $39,290 |
| Total functional expenses | $4,659,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,542,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,104,748 |
| Accounts receivable, net | $235,613 |
| 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 | $7,024 |
| Net Land, buildings, and equipment | $19,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,908,744 |
| Accounts payable and accrued expenses | $208,429 |
| Grants payable | $0 |
| Deferred revenue | $27,410 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $335,839 |
| Net assets without donor restrictions | $3,572,905 |
| 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 | $3,908,744 |
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