New Life Day School
- Assets
- $305.3k
- Revenue
- $574.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Galveston, TX
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-4184940
Organization Overview
New Life Day School is located in Galveston, TX. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, New Life Day School employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Day 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 12/2021, New Life Day School generated $574.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $571.1k during the year ending 12/2021. While expenses have increased by 14.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A WEEKDAY SERVICE MINISTRY TO CHILDREN AND THEIR FAMILIES, PROVIDE BILINGUAL (ENGLISH/SPANISH) EDUCATIONAL FOUNDATION, AND TO OFFER QUALITY PROGRAMS WHICH CONSIDER THE DEVELOPMENTAL NEEDS OF EACH INDIVIDUAL CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW LIFE DAY SCHOOL'S MISSION IS TO PROVIDE HIGH QUALITY AND AFFORDABLE CARE AND EDUCATION TO CHILDREN OF LOW INCOME FAMILIES IN OUR COMMUNITY BETWEEN THE AGES OF 3 MONTHS AND 4 YEARS OLD. SINCE OPENING, WE HAVE CONTINUED TO WITNESS CHILDREN GROW IN SPANISH AND ENGLISH VOCABULARY, SOCIAL SKILLS, AND BASIC SCHOOL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery A Flores Officer | OfficerTrustee | 0 | $0 |
David Gomez Officer | OfficerTrustee | 0 | $0 |
Elsa M Hernandez Officer | OfficerTrustee | 0 | $0 |
Dr Vivian Hernandez Officer | OfficerTrustee | 0 | $0 |
Ana Baltazar-Aldama Officer | OfficerTrustee | 0 | $0 |
Maria J Gomez Director | 40 | $0 |
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 | $437,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,271 |
| Total Program Service Revenue | $121,177 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $574,118 |
| 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. | $58,545 |
| Compensation of current officers, directors, key employees. | $29,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,065 |
| Payroll taxes | $26,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $834 |
| Advertising and promotion | $0 |
| Office expenses | $8,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,173 |
| Insurance | $4,779 |
| All other expenses | $19,619 |
| Total functional expenses | $571,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305 |
| 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 | $0 |
| Net Land, buildings, and equipment | $23,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,250 |
| Accounts payable and accrued expenses | $15,956 |
| 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 | $93,910 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $109,867 |
| Net assets without donor restrictions | $195,383 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $305,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Life Day School has recieved totaling $189,990.
| Awarding Organization | Amount |
|---|---|
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX PURPOSE: Student Scholarships | $189,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbors In Need Of Services Inc Rio Hondo, TX | $6,239,022 | $33,672,509 |
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |