Nonprofit · EIN 46-1609693
NEW AMERICAN ACADEMY CHARTER SCHOOL
Tax-exempt · BROOKLYN, NY 11236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,187,438 | $5,535,716 | -$348,278 | $3,060,926 | $595,656 | $2,465,270 |
| June 30, 2024 | 990 | $5,579,442 | $5,588,576 | -$9,134 | $3,273,147 | $459,599 | $2,813,548 |
| June 30, 2023 | 990 | $5,645,517 | $5,106,716 | $538,801 | $3,348,848 | $526,166 | $2,822,682 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $331,871
- of which government grants
- $216,671
- Program service revenue
- $4,855,547
- Investment income
- $20
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $581,978
- Other salaries and wages
- $2,956,146
- Salaries, compensation and benefits (total)
- $4,418,923
- Professional fundraising fees
- $0
- Legal fees
- $9,435
- Accounting fees
- $29,000
- Depreciation
- $115,081
- Program services (functional)
- $4,607,580
- Management and general (functional)
- $928,136
Balance sheet and other
- Total assets, start of year
- $3,273,147
- Total assets, end of year
- $3,060,926
- Total liabilities, end of year
- $595,656
- Net assets, end of year
- $2,465,270
- Land, buildings and equipment
- $196,190
- Net assets without donor restrictions
- $2,465,270
- Gross receipts
- $5,187,438
- Employees
- 47
- Volunteers
- 5
- Year formed
- 2012
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| LISA PARQUETTE-SILVA | PRINCIPAL Key employee | 50 | $202,500 | $8,000 |
| JENNIFER TRANI | DIR. OF DATA AND FINANCE Officer | 50 | $149,269 | $38,622 |
| SHEILA HOPKINS-OSNES | ASSISTANT PRINCIPAL Key employee | 50 | $180,386 | $7,116 |
| OLAWA GIBSON | MASTER TEACHER Highest-paid employee | 50 | $157,535 | $24,774 |
| TINA SPAIC | DIRECTOR OF SPED Highest-paid employee | 50 | $130,607 | $37,944 |
| DIAMOND MAYS | LEAD PARTNER TEACHER Highest-paid employee | 50 | $121,960 | $24,460 |
| CYNTHIS TERRY | SPECIAL ED LEAD TEACHER Highest-paid employee | 50 | $117,446 | $15,971 |
| MICHELLE PERKINS | PARTNER TEACHER Highest-paid employee | 50 | $113,461 | $15,811 |
| VARLETON MCDONALD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN O'BRIEN-KELLY | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH DEANGELIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HOLLY SPARKS-HUNT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY CUELLAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA PARQUETTE-SILVA | PRINCIPAL Key employee | 50 | $202,500 | $8,000 |
| SHEILA HOPKINS-OSNES | ASSISTANT PRINCIPAL Key employee | 50 | $173,929 | $6,881 |
| JENNIFER TRANI | DIR. OF DATA AND FINANCE Officer | 50 | $142,156 | $34,316 |
| OLAWA GIBSON | MASTER TEACHER Highest-paid employee | 50 | $145,799 | $22,025 |
| TINA SPAIC | DIRECTOR OF SPED Highest-paid employee | 50 | $125,189 | $33,753 |
| DIAMOND MAYS | LEAD PARTNER TEACHER Highest-paid employee | 50 | $119,865 | $21,977 |
| CYNTHIS TERRY | SPECIAL ED LEAD TEACHER Highest-paid employee | 50 | $112,087 | $15,091 |
| MICHELLE PERKINS | PARTNER TEACHER Highest-paid employee | 50 | $102,800 | $14,720 |
| VARLETON MCDONALD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN O'BRIEN-KELLY | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| FLUER MONROSE | TREASURER - RESIGNED DURING YEAR Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH DEANGELIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN YU | TRUSTEE - RESIGNED DURING YEAR Trustee or director | 1 | $0 | $0 |
| HOLLY SPARKS-HUNT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY CUELLAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA PARQUETTE-SILVA | PRINCIPAL Key employee | 50 | $202,500 | $8,000 |
| SHEILA HOPKINS-OSNES | ASSISTANT PRINCIPAL Key employee | 50 | $171,064 | $6,818 |
| JENNIFER TRANI | DIR. OF DATA AND FINANCE Officer | 50 | $137,520 | $32,457 |
| OLAWA GIBSON | MASTER TEACHER Highest-paid employee | 50 | $142,635 | $20,937 |
| TINA SPAIC | DIRECTOR OF SPED Highest-paid employee | 50 | $125,549 | $31,977 |
| DIAMOND MAYS | LEAD PARTNER TEACHER Highest-paid employee | 50 | $116,655 | $20,602 |
| CYNTHIA TERRY | SPECIAL ED TEACHER Highest-paid employee | 50 | $109,333 | $14,195 |
| VARLETON MCDONALD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN O'BRIEN-KELLY | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| FLUER MONROSE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH DEANGELIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN YU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HOLLY SPARKS-HUNT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTY CUELLAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9301 AVENUE B, BROOKLYN, NY 11236-1117
- In care of
- % NEWA
- Principal officer (990 for 2024)
- VARLETON MCDONALD, 9301 AVENUE B, BROOKLYN, NY 11236
- Signed the 990
- VARLETON MCDONALD, BOARD CHAIR
- Phone
- (718) 385-1709
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
THE NEW AMERICAN ACADEMY CHARTER SCHOOL EMPOWERS LEARNERS AND INSPIRES LEADERS TO MAKE THIS A BETTER WORLD. THROUGH OUR COLLABORATIVE TEACHER TEAMS, MASTERY-BASED CAREER LADDER, AND LOOPING CYCLES, WE OFFER PERSONALIZED RIGOROUS INSTRUCTION THAT ENABLES OUR STUDENTS TO SUCCEED IN HIGH SCHOOL, COLLEGE AND THEIR FUTURE LIVES.
Program accomplishments
- TO SUPPORT THE EFFORTS AND MISSION OF THE NEW AMERICAN ACADEMY CHARTER SCHOOL. THE SCHOOL OFFICIALLY OPENED ITS DOORS TO STUDENTS IN AUGUST 2013.Expenses $4,607,580 · revenue $4,855,547
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
- 46-1609693
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $3,060,926
- Income (IRS master file)
- $5,187,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,187,438 | $5,535,716 | $3,060,926 | XML |
| 990 | June 2024 | $5,579,442 | $5,588,576 | $3,273,147 | XML |
| 990 | June 2023 | $5,645,517 | $5,106,716 | $3,348,848 | XML |
| 990 | June 2022 | $4,914,173 | $4,828,094 | $2,723,803 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 46-1609693).
Questions about NEW AMERICAN ACADEMY CHARTER SCHOOL
- What is the EIN of NEW AMERICAN ACADEMY CHARTER SCHOOL?
- The employer identification number (EIN) of NEW AMERICAN ACADEMY CHARTER SCHOOL is 46-1609693.
- Is NEW AMERICAN ACADEMY CHARTER SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to NEW AMERICAN ACADEMY CHARTER SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW AMERICAN ACADEMY 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 AMERICAN ACADEMY 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 AMERICAN ACADEMY 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 AMERICAN ACADEMY CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 names VARLETON MCDONALD.
- Who are the officers and directors of NEW AMERICAN ACADEMY CHARTER SCHOOL?
- The 990 for the year ended June 30, 2025 lists 13 people; 8 received compensation from the organization, the highest $202,500 (LISA PARQUETTE-SILVA, PRINCIPAL).
- How much revenue does NEW AMERICAN ACADEMY CHARTER SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,187,438, expenses of $5,535,716 and total assets of $3,060,926 at year end.
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