Overview
What is Newtowne School Incorporated?
Newtowne School Incorporated is a nonprofit organization located at 11 Garden Street, Cambridge, Massachusetts. Their primary mission is to provide a high-quality cooperative preschool program that supports the holistic development of young children. The school generates income through tuition and fees, which are primarily allocated to cover related direct expenses. The organization employs 18 individuals, and while they engage in some minor campaign and fundraising activities, they prioritize utilizing the majority of their earnings for their educational programs.
Official website here: www.newtowneschool.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
Newtowne School Incorporated has received a Three-Star rating from Charity Navigator, which reflects its overall score of 84%. This rating is primarily based on the charity's Accountability & Finance, where it demonstrates strong performance in areas like independent board governance and financial auditing. Notably, the organization scored exceptionally well with an 86.02% program expense ratio, indicating a commitment to directing funds towards its programs and services.
Despite its strengths, there are notable limitations in Newtowne School's governance practices. The organization lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Furthermore, the charity has not posted its tax form on its website, which is a crucial transparency factor for donors and stakeholders.
Overall, while Newtowne School shows solid financial health and governance through its independent board structure, the absence of certain policies highlights areas for improvement. Addressing these gaps could enhance its accountability and transparency, ultimately benefiting its mission and donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Newtowne School Incorporated legitimate?
Newtowne School Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newtowne School Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $204,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $521,305
For more financial information, click here
Official website here: www.newtowneschool.org
What is the mission statement of Newtowne School Incorporated?
Newtowne School Incorporated's mission is centered around establishing and maintaining a high-quality cooperative preschool program. The primary goal is to facilitate the holistic growth and development of preschool-aged children. The school generates income through tuition and fees, which are mainly utilized to cover direct expenses related to the program. The school also allows for some minor campaign and fundraising expenses. However, the majority of each dollar earned is directed towards providing program services.
Official website here: www.newtowneschool.org
Who is the CEO of Newtowne School Incorporated?
Jay Dave is the Executive Di of Newtowne School Incorporated.
Official website here: www.newtowneschool.org
What is the revenue of Newtowne School Incorporated?
Newtowne School Incorporated's revenue in 2022 was $1,244,744.
Official website here: www.newtowneschool.org
Who are the executives of Newtowne School Incorporated and what are their salaries?
The average compensation at Newtowne School Incorporated during 2022 was $40,299. There are 18 employees and 60 volunteers at Newtowne School Incorporated.
Here are 13 key members and their salaries:
- Compensation: $90,650
- Related: $0
- Other: $0
- Compensation: $60,650
- Related: $0
- Other: $0
- Compensation: $52,776
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newtowneschool.org
Where can I find the form 990 for Newtowne School Incorporated?
Newtowne School Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newtowneschool.org
Learn more at the official website: www.newtowneschool.org
Mission Statement of Newtowne School Incorporated
Newtowne School Incorporated is committed to establishing and maintaining a top-notch cooperative school program that fosters the holistic growth and development of preschool children. The organization's primary objective is to provide an environment that encourages the full potential of these young learners. The school's operations are funded through tuition income and related fees, enabling it to allocate a substantial portion of its earnings, approximately 101%, towards program services. Besides covering direct expenses, Newtowne School Incorporated allocates a small portion of its funds for minor campaign and fundraising activities. Overall, the mission of Newtowne School Incorporated is to create a nurturing and stimulating learning environment that supports the cognitive, emotional, and social development of preschool children.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Newtowne School Incorporated's impact lies in providing a high-quality cooperative school program for the full growth and development of preschool children in Cambridge, MA. By charging tuition income and fees, the school is able to cover its direct expenses while allocating the majority of its earnings towards program services. This ensures that each dollar earned is primarily directed towards enhancing the educational experience and support provided to preschool children, ultimately contributing to their early childhood education in a meaningful way.
This information is meant to be a general summary of Newtowne School Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,303
- Program Service Revenue: $901,571
- Gross Receipts: $1,244,744
Assets and Liabilities:
- Total Assets: $1,237,930
- Total Liabilities: $374,960
- Net Assets: $862,970
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORE PROGRAM TUITION & FEES
Revenue
$671,043
EXTENDED DAY TUITION & FEES
Revenue
$198,772
SUMMER & VIRTUAL PROGRAM
Revenue
$27,456
APPLICATION FEES
Revenue
$4,300
Organization Details
Founding Year
1970
Phone
(857) 829-1014Principal Officer
Jay Dave
Main Address
11 GARDEN STREET, CAMBRIDGE, MA, 021383605
Website
www.newtowneschool.orgNTEE Category
Code: B21 - Education
If you are a representative of Newtowne School Incorporated and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.