Nonprofit · EIN 23-3040993
NEW FOUNDATIONS CHARTER SCHOOL
Tax-exempt · PHILADELPHIA, PA 19136
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $33,553,671 | $33,833,499 | -$279,828 | $37,933,065 | $39,283,412 | -$1,350,347 |
| June 30, 2024 | 990 | $32,045,649 | $31,647,315 | $398,334 | $39,956,647 | $41,027,165 | -$1,070,518 |
| June 30, 2023 | 990 | $28,862,542 | $28,325,537 | $537,005 | $40,604,482 | $42,073,334 | -$1,468,852 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,934,345
- of which government grants
- $4,704,158
- Program service revenue
- $28,199,059
- Investment income
- $214,367
- Net income from fundraising events
- -$11,707
- Other revenue
- $205,900
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $311,479
- Other salaries and wages
- $15,749,665
- Salaries, compensation and benefits (total)
- $22,433,379
- Professional fundraising fees
- $0
- Legal fees
- $278,479
- Accounting fees
- $37,570
- Occupancy
- $2,629,180
- Travel
- $86,497
- Depreciation
- $757,019
- Program services (functional)
- $23,002,641
- Management and general (functional)
- $10,830,858
Balance sheet and other
- Total assets, start of year
- $39,956,647
- Total assets, end of year
- $37,933,065
- Total liabilities, end of year
- $39,283,412
- Net assets, end of year
- -$1,350,347
- Land, buildings and equipment
- $3,922,027
- Net assets without donor restrictions
- -$2,338,038
- Net assets with donor restrictions
- $987,691
- Gross receipts
- $33,574,306
- Employees
- 259
- Volunteers
- 7
- Year formed
- 1999
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER ZAGACKI | CEO Officer | 40 | $206,124 | $26,713 |
| FRANCES DALY | PRINCIPAL Highest-paid employee | 40 | $150,962 | $0 |
| SARNETTA SUMNER | VICE PRINCIPAL Highest-paid employee | 40 | $123,497 | $26,713 |
| RACHEL SANDHAUS | TEACHER Highest-paid employee | 40 | $117,270 | $26,713 |
| KEVIN OUELLETTE | DATA SPECIALIST Highest-paid employee | 40 | $125,897 | $16,655 |
| ERIN HERSCHBERGER | PRINCIPAL Highest-paid employee | 40 | $132,692 | $0 |
| DAVID LAMBIE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KISHA THOMPSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KAREN BOWMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS SHIRLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MAX MATTHEWS | MEMBER Trustee or director | 2 | $0 | $0 |
| LIZETTE OLMEDA | MEMBER Trustee or director | 2 | $0 | $0 |
| SHERYL PERZEL | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER ZAGACKI | CEO Officer | 40 | $184,867 | $89,052 |
| FRANCES DALY | PRINCIPAL Highest-paid employee | 40 | $138,083 | $44,653 |
| SARNETTA SUMNER | VICE PRINCIPAL Highest-paid employee | 40 | $112,502 | $64,611 |
| RACHEL SANDHAUS | TEACHER Highest-paid employee | 40 | $110,798 | $64,671 |
| CHRISTIAN LAURENCE | SPECIAL EDUCATION DIRECTOR Highest-paid employee | 40 | $109,996 | $63,210 |
| ERIN HERSCHBERGER | PRINCIPAL Highest-paid employee | 40 | $120,843 | $38,548 |
| DAVID LAMBIE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KISHA THOMPSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KAREN BOWMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS SHIRLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MAX MATTHEWS | MEMBER Trustee or director | 2 | $0 | $0 |
| LIZETTE OLMEDA | MEMBER Trustee or director | 2 | $0 | $0 |
| SHERYL PERZEL | MEMBER Trustee or director | 2 | $0 | $0 |
| CINDY CAREY | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER ZAGACKI | CEO Officer | 40 | $97,719 | $89,450 |
| FRANCES DALY | PRINCIPAL Highest-paid employee | 40 | $130,161 | $44,863 |
| SARNETTA SUMNER | VICE PRINCIPAL Highest-paid employee | 40 | $105,988 | $64,422 |
| CHRISTIAN LAURENCE | DIRECTOR OF SPECIAL ED Highest-paid employee | 40 | $105,114 | $63,540 |
| RACHEL SANDHAUS | MUSIC TEACHER Highest-paid employee | 40 | $102,929 | $62,926 |
| JOSEPH SPERA | DIRECTOR OF ATHLETICS & AC Highest-paid employee | 40 | $110,708 | $47,775 |
| DAVID LAMBIE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KISHA THOMPSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KAREN BOWMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| THOMAS SHIRLEY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CINDY CAREY | MEMBER Trustee or director | 2 | $0 | $0 |
| MAX MATTHEWS | MEMBER Trustee or director | 2 | $0 | $0 |
| LIZETTE OLMEDA | MEMBER Trustee or director | 2 | $0 | $0 |
| SHERYL PERZEL | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8001 TORRESDALE AVE, PHILADELPHIA, PA 19136-2917
- In care of
- % SHERYL S PERZEL
- Principal officer (990 for 2024)
- CHRISTOPHER ZAGACKI, 8001 TORRESDALE AVENUE, PHILADELPHIA, PA 19136
- Signed the 990
- CHRISTOPHER ZAGACKI, CEO
- Phone
- (215) 624-8100
- Website
- WWW.NEWFOUNDATIONS.ORG
- Return prepared by
- MAILLIE LLP
Mission
THE MISSION IS TO PROVIDE STUDENTS WITH THE ACADEMIC, SOCIAL AND EMOTIONAL FOUNDATIONS AND SKILLS NECESSARY TO BECOME HIGH ACHIEVING, SOCIALLY COMPETENT STEWARDS OF THEIR COMMUNITIES. THE FOUNDERS OF THE NEW FOUNDATIONS CHARTER SCHOOL WILL ENSURE A COMMITMENT TO LIFELONG LEARNING AND ACHIEVEMENT OF ALL OUR STUDENTS BY CREATING AN ATMOSPHERE OF CARING THAT PREVADES EVERY ASPECT OF SCHOOL LIFE, AND PROMOTES ATTACHMENT TO AND RESPONSIBILITY FOR ALL MEMBERS OF OUR SCHOOL COMMUNITY.
Program accomplishments
- CHARTER SCHOOL PROVIDING EDUCATION INSTRUCTION TO STUDENTS IN THE CITY OF PHILADELPHIA SERVING GRADES K-12.Expenses $23,002,641 · revenue $28,199,059
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3040993
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $37,933,065
- Income (IRS master file)
- $33,574,306
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $33,553,671 | $33,833,499 | $37,933,065 | XML |
| 990 | June 2024 | $32,045,649 | $31,647,315 | $39,956,647 | XML |
| 990 | June 2023 | $28,862,542 | $28,325,537 | $40,604,482 | IRS |
| 990 | June 2022 | $26,169,943 | $22,798,538 | $41,603,312 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-3040993).
Questions about NEW FOUNDATIONS CHARTER SCHOOL
- What is the EIN of NEW FOUNDATIONS CHARTER SCHOOL?
- The employer identification number (EIN) of NEW FOUNDATIONS CHARTER SCHOOL is 23-3040993.
- Is NEW FOUNDATIONS CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to NEW FOUNDATIONS CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW FOUNDATIONS CHARTER SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW FOUNDATIONS CHARTER SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW FOUNDATIONS CHARTER SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW FOUNDATIONS CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 names CHRISTOPHER ZAGACKI.
- Who are the officers and directors of NEW FOUNDATIONS CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 lists 13 people; 6 received compensation from the organization, the highest $206,124 (CHRISTOPHER ZAGACKI, CEO).
- How much revenue does NEW FOUNDATIONS CHARTER SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $33,553,671, expenses of $33,833,499 and total assets of $37,933,065 at year end.
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