New Schools For Virginia
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-4064070
Organization Overview
New Schools For Virginia is located in Richmond, VA. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, New Schools For Virginia employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Schools For Virginia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW SCHOOLS OF VIRGINIA CREATES MORE HIGH QUALITY EDUCATIONAL OPPORTUNITIES FOR YOUTH AND FAMILIES IN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HARBOR SCHOOL. DURING 2023, NEW SCHOOLS FOR VIRGINIA CONDUCTED EDUCATIONAL RESEARCH AND MET WITH PARENTS AND COMMUNITY MEMBERS TO CREATE THE HARBOR SCHOOL PUBLIC CHARTER SCHOOL APPLICATION. THE HARBOR SCHOOL IS A PUBLIC CHARTER MIDDLE SCHOOL DESIGNED BY AND WITH RICHMOND FAMILIES FOR STUDENTS WHO HAVE NOT YET EXCELLED IN TRADITIONAL MODELS OF SCHOOL. IT IS A COMPETENCY-BASED, PERSONALIZED MODEL OF SCHOOL WHERE STUDENTS EXPERIENCE AUTHENTIC LEARNING, BOTH AT THEIR PACE AND IN COLLABORATIVE, MULTIDISCIPLINARY PROJECTS.
CIVIC EDUCATION. DURING 2023, NEW SCHOOLS FOR VIRGINIA UNDERTOOK RESEARCH TO UNDERSTAND VARIOUS PATHWAYS TO CREATE INNOVATIVE PUBLIC SCHOOLS. WE HOSTED MEETINGS WITH DOZENS OF CIVIC LEADERS PARENTS AND COMMUNITY MEMBERS IN RICHMOND TO SHARE THESE PATHWAYS, AND TO GAIN INSIGHT FROM THEM REGARDING THE CURRENT STATE OF PUBLIC EDUCATION BASED ON THEIR EXPERIENCES. THIS EFFORT RESULTED IN INCREASING SUPPORT FOR NEW MODELS OF SCHOOL AND A MANDATE TO RESEARCH THE LONG-TERM PERFORMANCE OF RICHMOND PUBLIC SCHOOLS IN 2024.
SUPPORT FOR PATRICK HENRY SCHOOL FOR THE SCIENCES AND ART. PHSSA IS A PUBLIC CHARTER ELEMENTARY SCHOOL IN RICHMOND, VA. AS A PART OF THE PUBLIC SCHOOL DISTRICT, BUT ALSO HAVING INDEPENDENT OPERATIONS, PHSSA IS RESPONSIBLE TO TAKE CARE OF THEIR BUILDING AND OPERATIONS. NEW SCHOOLS FOR VIRGINIA PARTNERED WITH THE BOARD OF DIRECTORS AT PATRICK HENRY TO DEVELOP A CASE FOR SUPPORT FOR RENOVATING AND OPENING THEIR3RD FLOOR, AND TO OUTLINE A NEW STRATEGIC PLAN, RESULTING IN AN INITIAL SUBSTANTIAL INVESTMENT TOWARDS THAT RENOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Craig Founder | Trustee | 40 | $113,846 |
David Endom Officer | Officer | 2 | $0 |
Andrea Archer Officer | Officer | 2 | $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 | $1,880,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,880,483 |
| Total Program Service Revenue | $15,000 |
| Investment income | $10 |
| 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 | $1,895,493 |
| 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. | $199,044 |
| Compensation of current officers, directors, key employees. | $21,957 |
| 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 | $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 | $0 |
| Advertising and promotion | $16,041 |
| Office expenses | $523 |
| 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 | $1,148 |
| Insurance | $714 |
| All other expenses | $383 |
| Total functional expenses | $274,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,250,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,627,699 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,747 |
| Total liabilities | $6,747 |
| Net assets without donor restrictions | $0 |
| 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 | $1,620,952 |
| Total liabilities and net assets/fund balances | $1,627,699 |