New Heights Academy Inc
- Assets
- $992.5k
- Revenue
- $512.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Alpharetta, GA
- Founding
- 09/2019
- Data as of
- 07/2023
- EIN
- 83-3105110
Organization Overview
New Heights Academy Inc is located in Alpharetta, GA. The organization was established in 2019. As of 07/2023, New Heights Academy Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Heights 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 07/2023, New Heights Academy Inc generated $512.0k in total revenue. All expenses for the organization totaled $476.0k during the year ending 07/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AT NEW HEIGHTS ACADEMY WE MEASURE SUCCESS BY THE ACCUMULATION OF SMALL GAINS REPEATED DAILY. THESE SMALL GAINS IMPROVE THE QUALITY OF LIFE OF OUR STUDENTS AND THEIR FAMILIES. BY DEVELOPING ESSENTIAL SKILLS KNOWLEDGE AND WORK EXPERIENCE IN A SAFE ENVIRONMENT OUR STUDENTS WILL BE GRANTED THE OPPORTUNITY TO REACH THEIR HIGHEST POTENTIAL SOCIALLY EMOTIONALLY AND ACADEMICALLY. WE ASPIRE FOR ALL OUR STUDENTS TO HAVE A SENSE OF BELONGING IN MAINSTREAM EDUCATION AND COMMUNITY ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022-2023 SCHOOL YEAR NEW HEIGHTS ACADEMY NHA ENROLLED 25 SPECIAL NEEDS STUDENTS FROM 1ST THROUGH 12TH GRADE LEVEL AND 9 STUDENTS DURING OUR YEARLY SUMMER CAMP. DURING OUR OPEN ENROLLMENT PROCESS FOR THE UPCOMING 2023-2024 SCHOOL YEAR NHA WAS ABLE TO RE-ENROLL 24 ATTENDING STUDENTS AND ADD 23 ADDITIONAL STUDENTS FOR A TOTAL OF 47 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Gesualdi Executive Director Head Of School | OfficerTrustee | 65 | $75,000 |
Louis Gesualdi CFO Treasurer | OfficerTrustee | 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 | $21,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,746 |
| Total Program Service Revenue | $490,213 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,959 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,529 |
| Advertising and promotion | $688 |
| Office expenses | $36,463 |
| Information technology | $4,188 |
| Royalties | $0 |
| Occupancy | $89,984 |
| Travel | $6,489 |
| 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 | $17,705 |
| Insurance | $5,166 |
| All other expenses | $0 |
| Total functional expenses | $476,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,132 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $782,333 |
| 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 | $76,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,400 |
| Total assets | $992,450 |
| Accounts payable and accrued expenses | $1,271 |
| Grants payable | $0 |
| Deferred revenue | $913,476 |
| 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 | $0 |
| Total liabilities | $914,747 |
| Net assets without donor restrictions | $77,703 |
| 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 | $992,450 |