New Roads School
- Assets
- $61.9m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 227
- Location
- Santa Monica, CA
- Founding
- 10/2001
- Data as of
- 06/2022
- EIN
- 95-4823489
Organization Overview
New Roads School is located in Santa Monica, CA. The organization was established in 2001. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, New Roads School employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Roads 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 06/2022, New Roads School generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $28.5m during the year ending 06/2022. While expenses have increased by 2.1% 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
TO SERVE AS A MODEL FOR EDUCATION IN AN ETHNICALY AND CULTURALLY DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN AN AUTHENTICALLY DIVERSE COMMUNITY REFLECTIVE OF LOS ANGELES, DURING THE FISCAL YEAR ENDED JUNE 30, 2022 NEW ROADS PREPARED YOUNG PEOPLE FOR LIFE BY DEVELOPING IN THEM A PERSONAL DEDICATION TO LEARNING, A RESPECT FOR INDEPENDENT THINKING, AN EXPANDING CURIOSITY ABOUT THE WORLD AND ITS PEOPLE, AND A COMMITMENT TO THE COMMON GOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luthern Williams Head Of School | Officer | 40 | $354,626 |
Ryan Hawley Associate Head Of School | Officer | 40 | $199,875 |
Jeffrey Guckert Upper School Director | 40 | $172,626 | |
Eric Etheridge Director Of Finance | 40 | $164,734 | |
Yoon Mi Checchi Director Of Financial Aid And Enrollment | 40 | $132,159 | |
Jemma Kennedy Middle School Director | 40 | $125,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Karas Security Services Inc Security | 6/29/22 | $235,156 |
Liebert Cassidy Whitmore Legal Services | 6/29/22 | $169,712 |
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 | $3,798,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,798,575 |
| Total Program Service Revenue | $25,471,411 |
| Investment income | $71,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,273 |
| 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 | $29,535,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,112,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $630,546 |
| Compensation of current officers, directors, key employees. | $113,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,579,584 |
| Pension plan accruals and contributions | $379,910 |
| Other employee benefits | $1,182,998 |
| Payroll taxes | $880,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,788 |
| Fees for services: Accounting | $65,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,614 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,888 |
| Advertising and promotion | $165,135 |
| Office expenses | $565,723 |
| Information technology | $257,527 |
| Royalties | $0 |
| Occupancy | $1,121,634 |
| Travel | $267,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,472 |
| Interest | $650,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,634,096 |
| Insurance | $215,913 |
| All other expenses | $19,343 |
| Total functional expenses | $28,452,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,314,387 |
| Savings and temporary cash investments | $278,033 |
| Pledges and grants receivable | $2,120,415 |
| Accounts receivable, net | $188,919 |
| 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 | $244,219 |
| Net Land, buildings, and equipment | $49,362,796 |
| Investments—publicly traded securities | $1,383,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,272 |
| Total assets | $61,919,401 |
| Accounts payable and accrued expenses | $1,494,706 |
| Grants payable | $0 |
| Deferred revenue | $1,964,420 |
| Tax-exempt bond liabilities | $14,184,081 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,723 |
| Total liabilities | $24,901,930 |
| Net assets without donor restrictions | $32,830,529 |
| Net assets with donor restrictions | $4,186,942 |
| 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 | $61,919,401 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that New Roads School has recieved totaling $171,439.
| Awarding Organization | Amount |
|---|---|
Fischer Family Foundation Santa Monica, CA PURPOSE: FOR THE CHARITABLE PURPOSE OF THE ORG. | $32,500 |
Joseph Drown Foundation Los Angeles, CA PURPOSE: ACCESS FUND | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $24,000 |
Comerica Charitable Tr Detroit, MI PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Michael And Rebecca Vest Foundation Woodland Hills, CA PURPOSE: GENERAL FUNDS | $10,000 |
Endowment Analysis
| Beg. Balance | $1,446,681 |
| Earnings | -$331,288 |
| Net Contributions | $1,001,673 |
| Ending Balance | $2,117,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |