Newtown Youth Academy Inc
- Assets
- $6.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown, CT
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 45-0547484
Organization Overview
Newtown Youth Academy Inc is located in Newtown, CT. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newtown Youth 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 12/2021, Newtown Youth Academy Inc generated $1.4m 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 (6.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INDOOR SPORTS FACILITY AND PROGRAMS TO NEWTOWN AREA YOUTH AND AMATEUR SPORTS TEAMS AND LEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian T Yorty Executive Director | 45 | $60,458 | |
Andrew Chimileski Fitness Director | 40 | $56,094 | |
Felice Blanco Finance Director | 48 | $44,192 | |
Mary Conway Director | 30 | $40,000 | |
Robert M Frangione Facility Director | 40 | $38,510 | |
William Manfredonia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,084 |
| Interest on Savings | $59 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,365,115 |
| Total Revenue | $1,378,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $542,497 |
| Pension plans, employee benefits | $67,868 |
| Interest | $315,449 |
| Taxes | $0 |
| Depreciation | $231,363 |
| Occupancy | $312,126 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $252,076 |
| Total operating and administrative expenses | $1,786,577 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,786,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,420 |
| Savings and temporary cash investments | $113,604 |
| Net Accounts receivable | $27,747 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,110,194 |
| Other assets | $569,339 |
| Total assets | $6,851,304 |
| Accounts payable and accrued expenses | $139,367 |
| Grants payable | $0 |
| Deferred revenue | $47,750 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $467,715 |
| Mortgages and other notes payable | $5,128,489 |
| Other liabilities | $248,609 |
| Total liabilities | $6,031,930 |
Grants Awarded
Over the last fiscal year, Newtown Youth Academy Inc has awarded $2,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH POSENO PURPOSE: SCHOLARSHIP | $500 |
SAMANTHA BICHO PURPOSE: SCHOLARSHIP | $500 |
JACQUELYN MATTHEWS PURPOSE: SCHOLARSHIP | $500 |
NAHIR SOMAN PURPOSE: SCHOLARSHIP | $500 |
JONATHAN NAHMIAS PURPOSE: SCHOLARSHIP | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newtown Youth Academy Inc has recieved totaling $6,762.
| Awarding Organization | Amount |
|---|---|
The Jessica Rekos Foundation Inc Newtown, CT | | $6,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |