Nonprofit · EIN 86-0215781
NEW WAY ACADEMY
Tax-exempt · PHOENIX, AZ 85008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,249,574 | $7,445,065 | $804,509 | $12,636,589 | $5,072,769 | $7,563,820 |
| June 30, 2024 | 990 | $7,827,913 | $7,625,505 | $202,408 | $10,978,895 | $4,585,361 | $6,393,534 |
| June 30, 2023 | 990 | $7,370,618 | $7,211,319 | $159,299 | $7,138,040 | $1,229,944 | $5,908,096 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $642,227
- Program service revenue
- $7,375,497
- Investment income
- $244,287
- Net gain from sales of assets
- $16,003
- Net income from fundraising events
- -$12,437
- Other revenue
- -$12,437
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $323,927
- Other salaries and wages
- $4,073,978
- Salaries, compensation and benefits (total)
- $5,104,380
- Professional fundraising fees
- $0
- Occupancy
- $694,256
- Depreciation
- $73,955
- Program services (functional)
- $6,233,970
- Management and general (functional)
- $1,004,306
- Fundraising (functional)
- $206,789
Balance sheet and other
- Total assets, start of year
- $10,978,895
- Total assets, end of year
- $12,636,589
- Total liabilities, end of year
- $5,072,769
- Net assets, end of year
- $7,563,820
- Land, buildings and equipment
- $608,073
- Publicly traded securities
- $6,172,943
- Net assets without donor restrictions
- $6,773,813
- Net assets with donor restrictions
- $790,007
- Gross receipts
- $9,491,786
- Employees
- 79
- Volunteers
- 130
- Year formed
- 1986
- State of legal domicile
- AZ
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 |
|---|---|---|---|---|
| KATIE CHAVEZ | HEAD OF SCHOOL Trustee or director, Officer | 40 | $124,814 | $12,159 |
| LAURA KEATHLEY | Executive Dir. Trustee or director, Officer | 40 | $120,141 | $8,084 |
| JILL FACON | Secretary Officer | 40 | $59,278 | $8,730 |
| CYNTHIA BOWERS | Director Trustee or director | 1 | $0 | $0 |
| KARA C WILLIAMS | Director Trustee or director | 2 | $0 | $0 |
| BRETT BERNSTEIN | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| DEBORAH CONTI | Vice Chairperso Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN NELSON | Director Trustee or director | 1 | $0 | $0 |
| ALEX MAREK | Director Trustee or director | 1 | $0 | $0 |
| JONAH JOFFE | Director Trustee or director | 1 | $0 | $0 |
| LEA PHILLIPS | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| KARLA REYNOLDS | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATIE CHAVEZ | HEAD OF SCHOOL Trustee or director, Officer | 40 | $92,625 | $10,043 |
| LAURA KEATHLEY | Executive Dir. Trustee or director, Officer | 40 | $91,135 | $2,689 |
| JILL FACON | Secretary Officer | 40 | $56,627 | $7,287 |
| DAN KRAVETS | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| CYNTHIA BOWERS | Director Trustee or director | 1 | $0 | $0 |
| KARA WILLIAMS | Director Trustee or director | 1 | $0 | $0 |
| BRETT BERNSTEIN | Director Trustee or director | 2 | $0 | $0 |
| JENNY CHO GREEN | Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH CONTI | Vice Chairperso Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN NELSON | Director Trustee or director | 1 | $0 | $0 |
| JONAH JOFFE | Director Trustee or director | 1 | $0 | $0 |
| LEA PHILLIPS | Director Trustee or director | 2 | $0 | $0 |
| JON HULBURD | Director Trustee or director | 1 | $0 | $0 |
| KARLA REYNOLDS | Director Trustee or director | 1 | $0 | $0 |
| ERIC SCHAEFER | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ABBEY ROSS | Executive Dir. Trustee or director, Officer | 40 | $162,066 | $10,202 |
| MICHAEL WALKER | Head of School Trustee or director, Officer | 40 | $146,905 | $12,048 |
| KATIE CHAVEZ | HEAD OF SCHOOL Trustee or director, Officer | 40 | $67,208 | $10,215 |
| JILL FACON | Secretary Officer | 40 | $54,183 | $7,109 |
| LAURA KEATHLEY | Executive Dir. Trustee or director, Officer | 40 | $54,993 | $1,900 |
| CYNTHIA BOWERS | Director Trustee or director | 1 | $0 | $0 |
| BRETT BERNSTEIN | Director Trustee or director | 1 | $0 | $0 |
| JENNY CHO GREEN | Director Trustee or director | 1 | $0 | $0 |
| DEBORAH CONTI | Director Trustee or director | 1 | $0 | $0 |
| JOSE PENALOSA | Director Trustee or director | 1 | $0 | $0 |
| STEPHANIE LA LOGGIA | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| ADAM BROOKS | Director Trustee or director | 1 | $0 | $0 |
| JON HULBURD | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| KARLA REYNOLDS | Director Trustee or director | 1 | $0 | $0 |
| ERIC SHAEFER | Chairman Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5048 E OAK ST, PHOENIX, AZ 85008-2522
- Principal officer (990 for 2024)
- LAURA KEATHLEY, 5048 E OAK ST, PHOENIX, AZ 85008
- Signed the 990
- LAURA KEATHLEY, Executive Director
- Phone
- (602) 389-8600
- Website
- WWW.NEWWAYACADEMY.ORG
- Return prepared by
- ULLMANN AND COMPANY P C
Mission
THE MISSION OF NEW WAY ACADEMY IS TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES TO FULFILL THEIR POTENTIAL.
Program accomplishments
- EDUCATION OF CHILDREN WITH LEARNING DIFFERENCES IN KINDERGARTEN THROUGH HIGH SCHOOL.Expenses $6,233,970 · revenue $7,375,497
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
- 86-0215781
- 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
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,636,589
- Income (IRS master file)
- $9,491,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,249,574 | $7,445,065 | $12,636,589 | XML |
| 990 | June 2024 | $7,827,913 | $7,625,505 | $10,978,895 | XML |
| 990 | June 2023 | $7,370,618 | $7,211,319 | $7,138,040 | XML |
| 990 | June 2022 | $7,067,790 | $7,425,595 | $6,706,350 | 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 86-0215781).
Questions about NEW WAY ACADEMY
- What is the EIN of NEW WAY ACADEMY?
- The employer identification number (EIN) of NEW WAY ACADEMY is 86-0215781.
- Is NEW WAY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to NEW WAY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW WAY ACADEMY 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 WAY ACADEMY 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 WAY ACADEMY 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 WAY ACADEMY?
- The 990 for the year ended June 30, 2025 names LAURA KEATHLEY.
- Who are the officers and directors of NEW WAY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $124,814 (KATIE CHAVEZ, HEAD OF SCHOOL).
- How much revenue does NEW WAY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,249,574, expenses of $7,445,065 and total assets of $12,636,589 at year end.
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