New School For Child Development A Non-Profit Corp
- Assets
- $55.1m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 272
- Location
- Sherman Oaks, CA
- Founding
- 05/1979
- Data as of
- 06/2022
- EIN
- 95-3295132
Organization Overview
New School For Child Development A Non-Profit Corp is located in Sherman Oaks, CA. The organization was established in 1979. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, New School For Child Development A Non-Profit Corp employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New School For Child Development A Non-Profit Corp 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, New School For Child Development A Non-Profit Corp generated $17.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $20.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
SEE FORM 990, PART III, LINE 4A
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW SCHOOL OFFERS SCHOOL PROGRAMS CONSISTENT WITH ITS TAX EXEMPT PURPOSE. NEW SCHOOL FOR CHILD DEVELOPMENT OPERATES SEVEN SCHOOLS ON THREE SEPARATE CAMPUSES ALL OF WHICH ARE CERTIFIED BY THE CALIFORNIA DEPARTMENT OF EDUCATION. THE HELP GROUP'S NORTH HILLS PREP IS LOCATED AT VAN NUYS CAMPUS AND ARE DEDICATED TO EDUCATING STUDENTS WITH SOCIAL, EMOTIONAL AND/OR BEHAVIORAL CHALLENGES.THE SHERMAN OAKS CAMPUS HAS FOUR SEPARATELY CERTIFIED SCHOOLS (VILLAGE GLEN SCHOOL, BRIDGEPORT SCHOOL, SUNRISE SCHOOL, AND YOUNG LEARNERS PRESCHOOL) ALL OF WHICH ARE DEDICATED TO SERVING THE EDUCATIONAL AND SOCIAL NEEDS OF STUDENTS WITH SPECIAL NEEDS RELATED TO AUTISM SPECTRUM DISORDERS AND OTHER NEURODEVELOPMENTAL DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Berman PHD Executive Dir. | Officer | 13 | $220,146 |
Barbara Firestone PHD President & CEO | OfficerTrustee | 13 | $212,908 |
Michael Love Sr. VP Of Finan | Officer | 10 | $74,192 |
Pamela Clark MA Director Of Autism | 20 | $102,828 | |
Jason Bolton PHD VP Of Admissions | 21 | $101,835 | |
Oscar Valadez VP Of Operations | 10 | $46,398 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruggieri Construction Inc Repairs And Maintenance | 6/29/22 | $919,797 |
Student Transportation Transportation | 6/29/22 | $576,025 |
Administrative Service Transportation | 6/29/22 | $329,917 |
Pawar Transportation Transportation | 6/29/22 | $242,485 |
Childcare Careers Llc Staffing | 6/29/22 | $217,099 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $165,809 |
| Related organizations | $0 |
| Government grants | $343,181 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,966 |
| Total Program Service Revenue | $17,361,085 |
| Investment income | -$1,380,541 |
| 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 | $17,288,353 |
| 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. | $193,016 |
| Compensation of current officers, directors, key employees. | $123,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,064,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,059,508 |
| Payroll taxes | $746,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,565 |
| Fees for services: Accounting | $20,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,782,610 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,516 |
| Interest | $89,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,185 |
| Insurance | $300,348 |
| All other expenses | $616,900 |
| Total functional expenses | $20,321,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,270 |
| Savings and temporary cash investments | $3,152,361 |
| Pledges and grants receivable | $24,812 |
| Accounts receivable, net | $3,836,518 |
| 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 | $3,971,423 |
| Net Land, buildings, and equipment | $28,764,603 |
| Investments—publicly traded securities | $12,342,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,980,672 |
| Total assets | $55,077,959 |
| Accounts payable and accrued expenses | $8,341,988 |
| Grants payable | $0 |
| Deferred revenue | $25,400 |
| 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 | $3,235,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,602,871 |
| Net assets without donor restrictions | $43,475,088 |
| 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 | $55,077,959 |