Overview
What is Newton's Attic Inc?
Newton's Attic Inc, based in Lexington, Kentucky, is a nonprofit organization that specializes in providing supplemental education in the fields of science, engineering, technology, and mathematics (STEM). Operating primarily in the greater Lexington area, they offer after-school classes from September to June. Their mission is to engage children from elementary school to high school age, utilizing various platforms such as after-school programs, summer camps, and site-based demonstrations, to foster a deeper understanding and enthusiasm for STEM subjects. The organization currently employs 23 individuals dedicated to this cause.
Official website here: www.newtonsattic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Newton's Attic Inc has received a Two-Star rating, indicating that while it demonstrates strong accountability and financial practices, there are significant areas needing improvement. The organization boasts a perfect score in areas such as independent board membership and financial liabilities relative to assets, showcasing its commitment to good governance and financial stability.
However, the nonprofit faces challenges, particularly in the transparency of its financial statements and adherence to best practices regarding document retention and whistleblower policies. It scored zero points in these critical areas, which raises concerns about its operational transparency and the safeguarding of stakeholder interests.
Despite these limitations, Newton's Attic Inc maintains a strong program expense ratio, indicating that a substantial portion of its resources is directed towards its mission-driven activities. Addressing the noted deficiencies could enhance its overall performance and public trust moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Newton's Attic Inc legitimate?
Newton's Attic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton's Attic Inc 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: $21,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,420
For more financial information, click here
Official website here: www.newtonsattic.com
What is the mission statement of Newton's Attic Inc?
Newton's Attic Inc's mission is centered around providing supplemental education to children from elementary school to high school in the fields of science, engineering, technology, and math. They achieve this goal through various platforms such as after-school programs, summer camps, and on-site demonstrations. The organization's mission is to enrich the educational experience of these children, fostering a deeper understanding and appreciation for these subjects. Their activities extend from September to June, serving students in the surrounding community.
Official website here: www.newtonsattic.com
Who is the CEO of Newton's Attic Inc?
William C Cloyd Iv is the Chair of Newton's Attic Inc.
Official website here: www.newtonsattic.com
What is the revenue of Newton's Attic Inc?
Newton's Attic Inc's revenue in 2022 was $1,058,531.
Official website here: www.newtonsattic.com
Who are the executives of Newton's Attic Inc and what are their salaries?
The average compensation at Newton's Attic Inc during 2022 was $7,154. There are 23 employees and 23 volunteers at Newton's Attic Inc.
Here are 6 key members and their salaries:
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- Compensation: $17,020
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- Other: $0
Official website here: www.newtonsattic.com
Where can I find the form 990 for Newton's Attic Inc?
Newton's Attic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newtonsattic.com
Learn more at the official website: www.newtonsattic.com
Mission Statement of Newton's Attic Inc
Newton's Attic Inc, a nonprofit organization, is dedicated to providing supplemental education in the fields of science, engineering, technology, and mathematics. They cater to children ranging from elementary school age to high school age, utilizing various platforms such as after-school programs, summer camps, and on-site demonstrations. The organization's mission is to enrich the academic experience of these young learners by offering engaging and interactive educational opportunities in these crucial subjects. By doing so, Newton's Attic Inc aims to nurture the next generation of innovators and problem solvers, equipping them with the necessary skills to excel in the ever-evolving world of STEM.
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Impact
July, 2024
Newton's Attic Inc's impact can be seen in the way they provide supplemental education in the areas of science, engineering, technology, and math to children from elementary school age through high school age. Through their after-school programs, summer camps, and site-based demonstrations in Lexington, KY, they are actively engaging students and fostering their interest and skills in these important fields. Their hands-on approach helps to inspire the next generation of innovators and problem-solvers, contributing to the development of a more knowledgeable and skilled workforce for the future.
This information is meant to be a general summary of Newton's Attic Inc. 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: $122
- Program Service Revenue: $901,548
- Gross Receipts: $1,066,219
Assets and Liabilities:
- Total Assets: $1,069,530
- Total Liabilities: $42,229
- Net Assets: $1,027,301
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Organization Details
Founding Year
1998
Phone
(859) 948-0085Principal Officer
William C Cloyd Iv
Main Address
4974 Old Versailles Rd, Lexington, KY, 40510
Website
www.newtonsattic.comNTEE Category
Code: P20 - Human services
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