New Way Academy
- Assets
- $6.7m
- Revenue
- $7.1m
- Investments
- $248.4k
- Employees
- 95
- Location
- Phoenix, AZ
- Founding
- 01/1969
- Data as of
- 06/2022
- EIN
- 86-0215781
Organization Overview
New Way Academy is located in Phoenix, AZ. The organization was established in 1969. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, New Way Academy employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Way Academy 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 Way Academy generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 5.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW WAY ACADEMY IS TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES TO FULFILL THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN WITH LEARNING DIFFERENCES IN KINDERGARTEN THROUGH HIGH SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abbey Ross Executive Dir. | OfficerTrustee | 40 | $149,357 |
Michael Walker Head Of School | OfficerTrustee | 40 | $142,789 |
Jill Facon Secretary | Officer | 40 | $50,578 |
Cynthia Bowers Director | Trustee | 1 | $0 |
Craig Weiss Vice Chairman | OfficerTrustee | 1 | $0 |
Brett Bernstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,715 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,741 |
| Noncash contributions included in lines 1a–1f | $12,864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,456 |
| Total Program Service Revenue | $6,486,158 |
| Investment income | $34,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,067,790 |
| 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. | $342,724 |
| Compensation of current officers, directors, key employees. | $233,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,090,475 |
| Pension plan accruals and contributions | $55,722 |
| Other employee benefits | $526,104 |
| Payroll taxes | $322,209 |
| 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 | $5,361 |
| Fees for services: Other | $38,362 |
| Advertising and promotion | $18,307 |
| Office expenses | $20,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393,639 |
| 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 | $115,891 |
| Insurance | $46,123 |
| All other expenses | $49,014 |
| Total functional expenses | $7,425,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,045,507 |
| Savings and temporary cash investments | $1,213,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $193,528 |
| Net Land, buildings, and equipment | $556,566 |
| Investments—publicly traded securities | $3,296,607 |
| Investments—other securities | $248,428 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,706,350 |
| Accounts payable and accrued expenses | $31,578 |
| Grants payable | $0 |
| Deferred revenue | $650,011 |
| 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 | $461,224 |
| Total liabilities | $1,142,813 |
| Net assets without donor restrictions | $4,877,073 |
| Net assets with donor restrictions | $686,464 |
| 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 | $6,706,350 |