New Beginnings Family Academy Inc

Organization Overview

New Beginnings Family Academy Inc is located in Bridgeport, CT. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, New Beginnings Family Academy Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings Family 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 Beginnings Family Academy Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEW BEGINNINGS FAMILY ACADEMY PROVIDES ITS STUDENTS A MEANINGFUL, HIGH-QUALITY EDUCATION THROUGH EXPERIENCE-BASED LEARNING THAT HELPS DEVELOP ESSENTIAL SOCIAL, EMOTIONAL AND CRITICAL-THINKING SKILLS. THIS GIVES ALL CHILDREN A FOUNDATION TO ACHIEVE THEIR FULL POTENTIAL AT EVERY STAGE OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A CHARTER SCHOOL PROVIDING FULL DAY PRE-K, KINDERGARTEN AND GRADES 1-8.


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Board, Officers & Key Employees

Name (title)Compensation
Ronelle P Swagerty
CEO
$165,153
Luis Cartagena
COO & CFO
$98,495
Donald Foley
President
$0
David Schlakman
Vice President
$0
Mylena Teixeira
Treasurer/secretary
$0
Lashea Hall
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Loretta Lacasse
It Services
$133,288
Castro's Construction Llc
Construction Services
$128,049
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,484,414
All other contributions, gifts, grants, and similar amounts not included above$607,561
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,091,975
Total Program Service Revenue$0
Investment income $2,955
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $29,948
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 $8,124,878

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Beginnings Family Academy Inc has recieved totaling $500.

Awarding OrganizationAmount
Newcity Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$500
View Grant Recipient Profile

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