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Newtowne School Incorporated

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042470070 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Caitlin Malloy (Executive Di) [Trustee/Director]
  • Compensation: $90,650
  • Related: $0
  • Other: $0

    • Perry Gulden (Teacher) [Trustee/Director]
  • Compensation: $60,650
  • Related: $0
  • Other: $0

    • Holly Janssen (Teacher) [Trustee/Director]
  • Compensation: $52,776
  • Related: $0
  • Other: $0

    • Megan Akkina (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steffan Berelowitz (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Dave (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Grady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Audrey Gutfreund (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Hayes (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Porter (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Schmidt (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Teodosio (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newtowneschool.org

    Where can I find the form 990 for Newtowne School Incorporated?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Jay Dave

    Main Address

    11 GARDEN STREET, CAMBRIDGE, MA, 021383605

    NTEE 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.