Overview
What is Newark Academy?
Newark Academy, an independent school based in Livingston, New Jersey, offers a rigorous college preparatory program to a diverse student body. The school's primary source of revenue comes from tuition. Newark Academy aims to cultivate thoughtful and compassionate citizens who embrace their responsibilities as ethical, intellectual, and civic stewards in the global community. With a team of 298 employees, the institution contributes significantly to society by nurturing students from various backgrounds to become responsible and engaged members of their communities.
Official website here: www.newarka.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Newark Academy has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. A score of 96% indicates that the organization is highly effective in managing its finances and adhering to best practices. Notably, the majority of its board members are independent, which enhances governance and oversight.
The organization excels in several key areas, including having no material diversion of assets and maintaining a high program expense ratio of 77.31%. This suggests that a significant portion of its expenditures directly supports its mission-related programs. Additionally, Newark Academy's thorough policies regarding conflict of interest, whistleblower protections, and document retention demonstrate a commitment to transparency and ethical standards.
While the financial health indicators are robust, ongoing monitoring will be essential to ensure continued compliance with best practices and to maintain donor trust. Overall, Newark Academy appears to be a well-managed nonprofit with a strong focus on its mission and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Newark Academy?
92% of 32 reviewers on Facebook recommend Newark Academy. Here’s a summary of their insights:
Many alumni appreciate the school's rigorous academic environment, highlighting its effectiveness in preparing them for higher education. They emphasize the development of critical thinking skills and a strong work ethic, which they find essential for their future studies. Confidence in their abilities is frequently mentioned, indicating that Newark Academy fosters a supportive and encouraging atmosphere.
Overall, the positive sentiment reflects a strong endorsement from the community, with former students crediting the institution for equipping them with valuable life and academic skills essential for success beyond school.
This AI summary has been generated from reviews found on Facebook.
Is Newark Academy legitimate?
Newark Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Academy 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: $599,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,561,607
For more financial information, click here
Official website here: www.newarka.edu
What is the mission statement of Newark Academy?
Newark Academy aims to cultivate thoughtful and compassionate citizens who embrace their responsibilities as ethical, intellectual, and civic stewards in the global community. The academic institution is known for its rigorous college preparatory program, attracting a diverse student body from various cultural backgrounds and international locations. The mission of Newark Academy transcends beyond the classroom, encouraging students to become active participants in society, fostering a sense of responsibility towards ethical and intellectual pursuits, and promoting civic engagement. The educational environment encourages students to broaden their horizons and adapt to the dynamic global landscape.
Official website here: www.newarka.edu
Who is the CEO of Newark Academy?
Donald M Austin is the Board Member/Head Of Schoo of Newark Academy.
Official website here: www.newarka.edu
What is the revenue of Newark Academy?
Newark Academy's revenue in 2022 was $41,225,502.
Official website here: www.newarka.edu
Who are the executives of Newark Academy and what are their salaries?
The average compensation at Newark Academy during 2022 was $47,520. There are 298 employees and 75 volunteers at Newark Academy.
Here are 32 key members and their salaries:
- Compensation: $599,286
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- Other: $89,139
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- Compensation: $289,960
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- Other: $57,976
- Compensation: $151,496
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- Other: $46,954
- Compensation: $207,582
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- Other: $51,977
- Compensation: $141,350
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- Other: $46,611
- Compensation: $169,421
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- Other: $44,525
Official website here: www.newarka.edu
Where can I find the form 990 for Newark Academy?
Newark Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newarka.edu
Learn more at the official website: www.newarka.edu
Mission Statement of Newark Academy
Newark Academy, a renowned independent school, is dedicated to nurturing thoughtful and compassionate citizens. By embracing their responsibilities as ethical, intellectual, and civic stewards in the global environment, graduates of this prestigious institution make significant contributions to society. Newark Academy's rigorous college-preparatory program attracts a diverse, multicultural, international student body, reflecting its commitment to fostering a global perspective. The Academy's primary focus on education shapes young people into well-rounded individuals, prepared for the challenges of the world. With a strong belief in making a difference, Newark Academy empowers its students to become responsible citizens, armed with the knowledge and skills to engage positively within their communities.
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Impact
August, 2024
Newark Academy's impact lies in developing thoughtful and compassionate citizens who embrace their responsibilities as ethical, intellectual, and civic stewards in the global environment. Through its academically rigorous college preparatory program, Newark Academy shapes a diverse, multi-cultural, and international student body into individuals prepared to make a positive difference in society. By fostering a strong sense of civic duty and ethical values, Newark Academy equips its students to navigate and contribute meaningfully to the complex challenges of the modern world. This institution not only educates but also inspires and empowers future leaders to act with integrity and compassion in their communities and beyond.
This information is meant to be a general summary of Newark Academy. 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: $5,470,176
- Program Service Revenue: $32,566,029
- Gross Receipts: $41,417,940
Assets and Liabilities:
- Total Assets: $107,399,722
- Total Liabilities: $14,402,156
- Net Assets: $92,997,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$29,427,147
SUMMER SCHOOL
Revenue
$2,032,916
FOOD SERVICES
Revenue
$1,040,000
MATRICULATION & ADMISSION
Revenue
$65,966
Organization Details
Founding Year
1774
Phone
(973) 992-7000Principal Officer
Donald M Austin
Main Address
91 SOUTH ORANGE AVENUE, LIVINGSTON, NJ, 07039
Website
www.newarka.eduNTEE Category
Code: B24I - Education
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