Nonprofit · EIN 81-0661502
NEW KEY SCHOOL INC
Tax-exempt · FORT WORTH, TX 76120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $4,108,565 | $4,461,103 | -$352,538 | $11,306,462 | $1,138,228 | $10,168,234 |
| July 31, 2024 | 990 | $3,729,066 | $4,201,607 | -$472,541 | $11,560,169 | $1,012,451 | $10,547,718 |
| July 31, 2023 | 990 | $3,568,909 | $3,772,634 | -$203,725 | $11,856,978 | $824,919 | $11,032,059 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $899,090
- Program service revenue
- $3,015,653
- Investment income
- $100,132
- Net gain from sales of assets
- $33,045
- Other revenue
- $93,690
Expenses
- Grants and similar amounts paid
- $259,520
- Compensation of officers, directors and key employees
- $236,308
- Other salaries and wages
- $2,396,993
- Salaries, compensation and benefits (total)
- $2,945,747
- Professional fundraising fees
- $39,600
- Legal fees
- $5,019
- Accounting fees
- $20,886
- Occupancy
- $49,412
- Travel
- $7,058
- Depreciation
- $277,169
- Program services (functional)
- $3,890,746
- Management and general (functional)
- $313,290
- Fundraising (functional)
- $257,067
Balance sheet and other
- Total assets, start of year
- $11,560,169
- Total assets, end of year
- $11,306,462
- Total liabilities, end of year
- $1,138,228
- Net assets, end of year
- $10,168,234
- Land, buildings and equipment
- $8,730,012
- Publicly traded securities
- $1,009,329
- Net assets without donor restrictions
- $10,011,734
- Net assets with donor restrictions
- $156,500
- Gross receipts
- $6,237,371
- Employees
- 58
- Volunteers
- 125
- Year formed
- 2004
- State of legal domicile
- TX
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH LAMB | Executive Dir. Officer | 40 | $123,997 |
| ARTURO CAVAZOS | CFO Officer | 40 | $108,064 |
| LESLIE VASQUEZ | DIR. OF EDUCATION | 40 | $102,917 |
| FANTASY REYNOLDS | Vice President Trustee or director, Officer | 1 | $0 |
| MARK ROBERTS | Director Trustee or director | 1 | $0 |
| KANANI MAHELONA | Secretary Trustee or director, Officer | 1 | $0 |
| KATIE ROBERTS | President Trustee or director, Officer | 20 | $0 |
| NANCY FISHER | Director Trustee or director | 1 | $0 |
| RACHEL LANG | Director Trustee or director | 1 | $0 |
| LONNIE HARRISON | Director Trustee or director | 1 | $0 |
| KAY KURTZEBORN | Director Trustee or director | 1 | $0 |
| DAVID CRABTREE | Director Trustee or director | 1 | $0 |
| WERDA VELIU | Treasurer Trustee or director, Officer | 1 | $0 |
| NELLY MEYER | Director Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH LAMB | Executive Dir. Officer | 40 | $118,470 |
| ARTURO CAVAZOS | CFO Officer | 40 | $105,317 |
| FANTASY REYNOLDS | President Trustee or director, Officer | 20 | $0 |
| MARK ROBERTS | Treasurer Trustee or director, Officer | 1 | $0 |
| LEAH RIOS | Secretary Trustee or director, Officer | 1 | $0 |
| KATIE ROBERTS | Vice President Trustee or director, Officer | 1 | $0 |
| KANANI MAHELONA | Director Trustee or director | 1 | $0 |
| RACHEL LANG | Director Trustee or director | 1 | $0 |
| ELIZABETH MCWHERTER | Director Trustee or director | 1 | $0 |
| CHARLES SHORT | Director Trustee or director | 1 | $0 |
| DAVID CRABTREE | Director Trustee or director | 1 | $0 |
| WERDA VELIU | Director Trustee or director | 1 | $0 |
990 for the year ended July 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELANIE ROYAL-THRU 82022 | Executive Dir. Officer | 40 | $69,861 |
| ELIZABETH LAMB-FROM 92022 | Executive Dir. Officer | 40 | $33,033 |
| ARTURO CAVAZOS | CFO Officer | 40 | $8,077 |
| FANTASY REYNOLDS | President Trustee or director, Officer | 20 | $0 |
| MARK ROBERTS | Treasurer Trustee or director, Officer | 1 | $0 |
| LEAH RIOS | Secretary Trustee or director, Officer | 1 | $0 |
| KATIE ROBERTS | CHAIR GOV. Trustee or director, Officer | 1 | $0 |
| TEASHA-LEE A FRATTARELLI | Director Trustee or director | 1 | $0 |
| RACHEL LANG | Director Trustee or director | 1 | $0 |
| ELIZABETH MCWHERTER | Director Trustee or director | 1 | $0 |
| DAVID CRABTREE | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7950 JOHN T WHITE RD, FORT WORTH, TX 76120-3608
- In care of
- % ELIZABETH LAMB
- Principal officer (990 for 2024)
- ELIZABETH LAMB, 7950 JOHN T WHITE RD, FORT WORTH, TX 76120
- Signed the 990
- ELIZABETH LAMB, Executive Dir.
- Phone
- (817) 446-3738
- Website
- www.ksfw.org
- Return prepared by
- Sutton Frost Cary LLP
Mission
Unleashing student and teacher success with individualized instruction, training, and advocacy.
Program accomplishments
- NEW KEY SCHOOL IS A FULLY ACCREDITED SPECIAL PURPOSE PRIVATE SCHOOL WHICH EDUCATES STUDENTS WITH SPECIAL LEARNING NEEDS. PROGRAMS INCLUDE A 9-MONTH SCHOOL, SUMMER PROGRAM, AND TRAINING AND OUTREACH.Expenses $3,890,746 · grants $259,520 · revenue $3,015,653
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 81-0661502
- 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
- 2005
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $11,306,462
- Income (IRS master file)
- $6,237,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $4,108,565 | $4,461,103 | $11,306,462 | XML |
| 990 | July 2024 | $3,729,066 | $4,201,607 | $11,560,169 | IRS |
| 990 | July 2023 | $3,568,909 | $3,772,634 | $11,856,978 | XML |
| 990 | July 2022 | $3,613,314 | $3,239,617 | $11,631,181 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 81-0661502).
Questions about NEW KEY SCHOOL INC
- What is the EIN of NEW KEY SCHOOL INC?
- The employer identification number (EIN) of NEW KEY SCHOOL INC is 81-0661502.
- Is NEW KEY SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to NEW KEY SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW KEY SCHOOL INC 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 KEY SCHOOL INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW KEY SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of NEW KEY SCHOOL INC?
- The 990 for the year ended July 31, 2025 names ELIZABETH LAMB.
- Who are the officers and directors of NEW KEY SCHOOL INC?
- The 990 for the year ended July 31, 2025 lists 14 people; 3 received compensation from the organization, the highest $123,997 (ELIZABETH LAMB, Executive Dir.).
- How much revenue does NEW KEY SCHOOL INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $4,108,565, expenses of $4,461,103 and total assets of $11,306,462 at year end.
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