Newton Center
- Assets
- $1.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 94-3401055
Organization Overview
Newton Center is located in San Mateo, CA. The organization was established in 2002. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Center 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 12/2022, Newton Center generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 8 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
THE SPECIFIC PURPOSE OF NEWTON CENTER IS TO PROVIDE AFFORDABLE ACADEMIC AFTER SCHOOL PROGRAMS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWTON CENTER PROVIDES ACADEMIC-FOCUSED AFTER-SCHOOL PROGRAMS, STUDENT CAMPS, AND ENRICHMENT CLASSES FOR ELEMENTARY SCHOOL STUDENTS IN PUBLIC SCHOOLS IN THE SAN FRANCISCO PENINSULA AREA. THESE PROGRAMS SERVED ABOUT 785 STUDENTS FROM TEN PUBLIC SCHOOL CAMPUSES.
NEWTON CENTER OFFERS SCHOLARSHIPS TO ASSIST FAMILIES WHO REQUEST ASSISTANCE THROUGH A FINANCIAL ASSISTANCE APPLICATION OR WHO ARE RECOMMENDED BY A SCHOOL ADMINISTRATOR AS A VULNERABLE LEARNER AS WELL AS TO FAMILIES WHERE ONE OF THE CHILD'S LEGAL GUARDIANS IS AN EDUCATOR. IN 2022, NEWTON CENTER OFFERED $419,184.02 IN SCHOLARSHIPS TO SUPPORT THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celine Tamir President, CEO | OfficerTrustee | 3.9 | $0 |
Isaac Soncino Treasurer, CFO | OfficerTrustee | 2 | $0 |
Chuantesee Evans Secretary, Director | OfficerTrustee | 0.2 | $0 |
Erin Lang Director | Trustee | 0.2 | $0 |
Idan Benaim Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newton The Childrens Learning Center Educational Services | 12/30/22 | $3,415,447 |
Wilson Elser Edelman & Di Llp Legal Services | 12/30/22 | $228,935 |
Ponist Law Group Legal Services | 12/30/22 | $119,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637 |
| Total Program Service Revenue | $3,743,168 |
| Investment income | $0 |
| 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 | $3,743,805 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $368,794 |
| Fees for services: Accounting | $29,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,830 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,880 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $22,552 |
| All other expenses | $3,069,413 |
| Total functional expenses | $3,674,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,215,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,789 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,425,921 |
| Accounts payable and accrued expenses | $1,359,923 |
| Grants payable | $0 |
| Deferred revenue | $127,300 |
| 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 | $1,487,223 |
| Net assets without donor restrictions | -$61,302 |
| 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 | $1,425,921 |