New Foundations Charter School
New Foundations Charter School reported $33.6 million in revenue and $33.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $67.99 went to program services, $32.01 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.0% of the total. Government grants made up 14.0%. The highest compensation it reported for one person was $232,837 (CEO). 26 people received more than $100,000 in reportable compensation. Revenue rose 54% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $34MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $34MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 68.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 32.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 14.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $232,837 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.69% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 26 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -0.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $206,124 | $0 | $26,713 | $232,837 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $150,962 | $0 | $0 | $150,962 |
| VICE PRINCIPAL Highest compensated employee, 40.00 hrs/week | $123,497 | $0 | $26,713 | $150,210 |
| TEACHER Highest compensated employee, 40.00 hrs/week | $117,270 | $0 | $26,713 | $143,983 |
| DATA SPECIALIST Highest compensated employee, 40.00 hrs/week | $125,897 | $0 | $16,655 | $142,552 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $132,692 | $0 | $0 | $132,692 |
26 people received more than $100,000 in reportable compensation from New Foundations Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $311K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5259
- Volunteers Part I, line 67
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MCKENNA SNYDER LLC Legal | $298,773 |
| PRO ABA SERVICES Therapeutic services | $292,806 |
| PRO PEDIATRIC SERVICES Therapeutic services | $203,709 |
| PATHFINDERS IT LLC It | $147,605 |
| ALLIED UNIVERSAL SECURITY SERVICES Security | $137,540 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from New Foundations Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Foundations Charter School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New Foundations Charter School spent in FY2025, $67.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Third Future Schools - TexasAustin, TX · revenue $33M · programs 79.9% · FY2025
- Faculty AssociatesGainesville, FL · revenue $34M · programs 100.0% · FY2025
- Burr & Burton SeminaryManchester, VT · revenue $33M · programs 88.0% · FY2025
- Cannon SchoolConcord, NC · revenue $34M · programs 77.1% · FY2025
- James Irwin Charter SchoolsColorado Springs, CO · revenue $33M · programs 84.8% · FY2025
Questions people ask
How much of New Foundations Charter School's spending goes to programs?
In the fiscal year ending June 30, 2025, New Foundations Charter School reported that 68.0% of its $33.8 million in expenses went to program services, 32.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Foundations Charter School pay its top executive?
The largest total compensation New Foundations Charter School reported for one person in the fiscal year ending June 30, 2025 was $232,837, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Foundations Charter School get its money?
Of $33.6 million in revenue in the fiscal year ending June 30, 2025, 14.7% came from contributions and grants (including 14.0% from government grants) and 84.0% from program service revenue (Form 990, Part VIII).
Is New Foundations Charter School a registered charity?
The IRS lists EIN 23-3040993 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620299349300637 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500289349301410 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431209349301378 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331869349300823 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200139349301125 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110149349300601 · read the filing
All filings for EIN 23-3040993: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.