Nonprofit · EIN 54-1514192
NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE
Tax-exempt · VIRGINIA BCH, VA 23464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $226,419 | $260,603 | -$34,184 | $187,755 | -$14,094 | $201,849 |
| December 31, 2023 | 990 (amended) | $205,059 | $253,734 | -$48,675 | $220,879 | -$14,254 | $235,133 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,623
- of which government grants
- $3,143
- Program service revenue
- $215,446
- Investment income
- $0
- Net income from fundraising events
- $1,350
- Other revenue
- $1,350
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,400
- Salaries, compensation and benefits (total)
- $184,704
- Professional fundraising fees
- $0
- Accounting fees
- $440
- Program services (functional)
- $244,446
- Management and general (functional)
- $16,157
Balance sheet and other
- Total assets, start of year
- $220,879
- Total assets, end of year
- $187,755
- Total liabilities, end of year
- -$14,094
- Net assets, end of year
- $201,849
- Land, buildings and equipment
- $66,215
- Net assets without donor restrictions
- $201,849
- Gross receipts
- $228,183
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHRAMIA COWAN | EXEC DIRECTOR Key employee | 45 | $36,400 |
| EUGENE COWAN II | SENIOR PASTOR,PRESIDENT Trustee or director | 3 | $0 |
| GREGORY BRIDDELL | MEMBER Trustee or director | 2 | $0 |
| CLAYBORNE PERRY | MEMBER Trustee or director | 2 | $0 |
| DONNA BAGNALL | MEMBER Trustee or director | 2 | $0 |
| WILLIE LEE | MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHRAMIA COWAN | EXEC DIRECTOR Key employee | 45 | $35,500 |
| EUGENE COWAN II | SENIOR PASTOR Trustee or director | 3 | $0 |
| GREGORY BRIDDELL | EXECUTIVE PASTOR Trustee or director | 2 | $0 |
| CLAYBORNE PERRY | MEMBER Trustee or director | 2 | $0 |
| DONNA BAGNALL | MEMBER Trustee or director | 2 | $0 |
| WILLIE LEE | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5549 INDIAN RIVER RD, VIRGINIA BCH, VA 23464-5231
- In care of
- % KATHY BOOKER
- Principal officer (990 for 2024)
- KATHLYN BOOKER, 5549 INDIAN RIVER RD, VIRGINIA BEACH, VA 23464
- Signed the 990
- SHRAMIA COWAN, EXECUTIVE DIRECTOR
- Phone
- (757) 420-0945
- Website
- www.newlightschool.org
- Return prepared by
- CHERYL R MORROW CPA
Mission
CHRISTIAN BASED EDUCATION
Program accomplishments
- The organization operates as a school and daycare facility for approximately 150 students. Instruction is based on Christian principles.Expenses $244,446 · revenue $215,446
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1514192
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33Z)
- Assets (IRS master file)
- $187,755
- Income (IRS master file)
- $228,183
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $226,419 | $260,603 | $187,755 | XML |
| 990 | December 2023 | $205,059 | $253,734 | $220,879 | XML |
| 990 | December 2022 | $402,615 | $302,361 | $269,094 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-1514192).
Questions about NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE
- What is the EIN of NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE?
- The employer identification number (EIN) of NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE is 54-1514192.
- Is NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE 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 LIGHT BAPTIST SCHOOL OF EXCELLENCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE?
- The 990 for the year ended December 31, 2024 names KATHLYN BOOKER.
- Who are the officers and directors of NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $36,400 (SHRAMIA COWAN, EXEC DIRECTOR).
- How much revenue does NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $226,419, expenses of $260,603 and total assets of $187,755 at year end.
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