New Heights Schools Inc
- Assets
- $5.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Stillwater, MN
- Founding
- 02/1995
- Data as of
- 06/2022
- EIN
- 41-1753755
Organization Overview
New Heights Schools Inc is located in Stillwater, MN. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, New Heights Schools Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Heights Schools 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 06/2022, New Heights Schools Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 4 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
AUDIT WASN'T COMPLETED IN TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ONLY HAVE ONE SCHOOL BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Busta Parent - Vice Chair | Trustee | 0 | $0 |
Katy Chamberland Teacher - Secretary | Trustee | 40 | $39,250 |
Christie Hogan Teacher - Assistant Secretary | Trustee | 40 | $40,500 |
Michael Stahlmann Community Representative | Trustee | 0 | $0 |
Jennifer Vandyke Parent | Trustee | 0 | $0 |
Samantha Taylor Parent - Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,744,550 |
| Investment income | $41 |
| 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 | $1,820,298 |
| Statement of Expenses | |
|---|---|
| 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. | $163,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,762 |
| Pension plan accruals and contributions | $70,062 |
| Other employee benefits | $51,255 |
| Payroll taxes | $0 |
| Fees for services: Management | $62,182 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,605 |
| Advertising and promotion | $86 |
| Office expenses | $55,106 |
| Information technology | $59,068 |
| Royalties | $0 |
| Occupancy | $345,300 |
| 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 | $13,542 |
| All other expenses | $0 |
| Total functional expenses | $1,849,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,577 |
| 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 | $10,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $348,159 |
| Total assets | $5,141,618 |
| Accounts payable and accrued expenses | $5,135,511 |
| Grants payable | $0 |
| Deferred revenue | $1,090,624 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $21,433 |
| 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 | $6,226,135 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,084,517 |