New Generation Academy
- Assets
- $64.7k
- Revenue
- $177.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, GA
- Founding
- 08/2010
- Data as of
- 07/2022
- EIN
- 86-1161168
Organization Overview
New Generation Academy is located in Fayetteville, GA. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Generation 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 07/2022, New Generation Academy generated $177.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $209.4k during the year ending 07/2022. 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
NEW GENERATION ACADEMY'S MISSION IS TO PROVIDE ALL STUDENTS WITH QUALITY ACADEMIC ASSISTANCE AND OPPORTUNITIES IN AN EDUCATIONALLY ENRICHED ENVIRONMENT. WE ACCOMPLISHED THIS BY PROVIDING EDUCATIONAL CLASSES (COOP), MENTORING AND STUDENT SUPPORT SERVICES SUCH AS TUTORING AND ACADEMIC COACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW GENERATION ACADEMY PROVIDED ACADEMIC ASSISTANCE TO ECONOMICALLY DISADVANTAGED STUDENTS IN PUBLIC SCHOOLS. SPECIFICALLY, WE WORKED WITH NEGLECTED AND DELINQUENT GROUP HOMES IN CLAYTON COUNTY GA AND FULTON COUNTY GA THROUGHOUT THE PANDEMIC AND INTO THE RECOVERY PERIOD. DURING THE PANDEMIC MONTHS WHEN STUDENTS WERE LEARNING IN ISOLATION, NEW GENERATION ACADEMY SERVED AS A POINT OF CONNECTION WITH THESE STUDENTS TO ENABLE THEM TO RECEIVE ENCOURAGEMENT TO PERSEVERE IN THEIR STUDIES. AS THE PANDEMIC SUBSIDED AND SCHOOLS BEGAN TO OPEN THEIR DOORS AGAIN, NEW GENERATION ACADEMY HAS BECOME AN ESSENTIAL TOOL IN THE RECOVERY SERVICES OFFERED TO STUDENTS WITH SIGNIFICANT LEARNING LOSS. DURING THIS TIME WE ARE ASSESSING STUDENTS TO MEASURE THE LOSS. WERE CREATING CUSTOM LEARNING PLANS TO ADDRESS THE ACADEMIC DEFICITS AND PROVIDING ONGOING PROGRESS MONITORING TO HELP STUDENTS STAY ON TRACK. WE CONTINUED TO WORK WITH THE HOMELESS POPULATION OF STUDENTS IN THE CLAYTON COUNTY SCHOOL DISTRICT. NEW THIS ACADEMIC YEAR, WE BEGAN WORKING WITH THE HOMELESS POPULATION OF STUDENTS IN THE FULTON COUNTY SCHOOL DISTRICT. IN BOTH GROUPS (CLAYTON AND FULTON) WE ABLE TO MAINTAIN AN ATTENDANCE RATE OF 75% OR BETTER THROUGHOUT THE PANDEMIC AND THE REOPENING OF SCHOOL PERIODS.
NEW GENERATION ACADEMY SWITCHED TO ONLINE LEARNING THROUGHOUT THE ACADEMIC YEAR THAT COINCIDED WITH THE PANDEMIC, THUS ALLOWING OUR STUDENTS TO CONTINUE THEIR ACADEMIC PROGRESS UNINTERRUPTED. WE MAINTAINED A 95% ATTENDANCE RATE THROUGHOUT THE SCHOOL YEAR WITH EXISTING STUDENTS AND ADDED ADDITIONAL STUDENTS WHO DISCOVERED US WHILE SEARCHING FOR A BETTER ACADEMIC OPTION THEN THEY WERE EXPERIENCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Johnson Executive Di | OfficerTrustee | 60 | $63,690 |
Barbara Johnson Director | Officer | 30 | $21,000 |
Sheila Reeves Treasurer | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $177,104 |
| Investment income | $4 |
| 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 | $177,108 |
| 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. | $84,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,031 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,604 |
| Advertising and promotion | $10,889 |
| Office expenses | $24,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $870 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,693 |
| All other expenses | $0 |
| Total functional expenses | $209,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,083 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,676 |
| Accounts payable and accrued expenses | $896 |
| 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 | $9,624 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,520 |
| Net assets without donor restrictions | $54,156 |
| 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 | $64,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Generation Academy has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |