New Visions Charter Schools
- Assets
- $10.0m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 259
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 06/2023
- EIN
- 46-2339783
Organization Overview
New Visions Charter Schools is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, New Visions Charter Schools employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Visions Charter Schools 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 06/2023, New Visions Charter Schools generated $24.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $24.4m during the year ending 06/2023. While expenses have increased by 8.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nissi Jonathan Principal & Founder - Ams Iii | Officer | 40 | $212,050 |
Hannah Kehn Principal & Founder - Hum Iv | Officer | 40 | $199,099 |
Claubentz Dieujuste Principal - Ams Iv | Officer | 40 | $188,342 |
Carol Franco 12th Grade Ass. Prin.- Ams Iii | 40 | $162,853 | |
Margaret Miranda 9th Grade Ass. Prin.- Ams Iii | 40 | $166,933 | |
Nicole Erichsen Assistant Principal - Ams Iv | 40 | $148,484 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sprout Llc Construction | 6/29/20 | $148,275 |
New Visions For Public Schools Management Services | 6/29/20 | $1,851,868 |
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 | $166,515 |
| Noncash contributions included in lines 1a–1f | $161,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,515 |
| Total Program Service Revenue | $23,347,969 |
| Investment income | $193,425 |
| 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 | $23,973,399 |
| 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. | $824,551 |
| Compensation of current officers, directors, key employees. | $303,422 |
| Compensation to disqualified persons | $27,223 |
| Other salaries and wages | $14,141,433 |
| Pension plan accruals and contributions | $886,984 |
| Other employee benefits | $1,785,551 |
| Payroll taxes | $1,432,820 |
| Fees for services: Management | $2,081,677 |
| Fees for services: Legal | $40,214 |
| Fees for services: Accounting | $33,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $595,937 |
| Advertising and promotion | $93,663 |
| Office expenses | $377,481 |
| Information technology | $807,068 |
| Royalties | $0 |
| Occupancy | $138,336 |
| 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 | $128,373 |
| Insurance | $160,223 |
| All other expenses | $48,603 |
| Total functional expenses | $24,417,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,945,153 |
| Savings and temporary cash investments | $2,691,962 |
| Pledges and grants receivable | $1,802,702 |
| Accounts receivable, net | $0 |
| 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 | $86,065 |
| Net Land, buildings, and equipment | $279,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,217 |
| Total assets | $9,953,240 |
| Accounts payable and accrued expenses | $850,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $551,391 |
| Total liabilities | $1,401,401 |
| Net assets without donor restrictions | $8,543,889 |
| Net assets with donor restrictions | $7,950 |
| 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 | $9,953,240 |