Newmeadow INC FY2024 filing

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Provision of preschool services for children with special needs ages three (3) to five (5).

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$233K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $126K a year · 2% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$233K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.0M
+22% vs prior year
Spent
$7.9M
To programs
91%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$8.0M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$4.8M
FY2022$4.8M
FY2023$6.5M
FY2024$8.0M
FY2025$9.0M
Expenses
$7.9M
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.6M
FY2022$4.8M
FY2023$6.1M
FY2024$7.9M
FY2025$8.9M
Net assets
$2.5M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.0M
FY2023$2.4M
FY2024$2.5M
FY2025$2.6M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $7.2M Management & general 8% · $662K Fundraising 0% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $233K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$122,100Pt VII · Sec A
Associate Executive Direct
$111,059Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stacey Cornell$134,486——$98,727——
Stacy Cornell—$122,100$102,973———
Cynthia Boisclair$121,327$111,059$95,795———
Andrew McKenzie————$108,844$108,751

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Newmeadow INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides preschool services for children with special needs, ages three to five.

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1 program · $7.2M · in their own filed words · FY2023
01

Provision of preschool services for children with special needs ages three (3) to five (5).

$7.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Fees for servicesLn 2g$7.2M
Gifts and grantsLn 1h$657K
Other incomeLn 4–11$45K
Money outPt IX
$7.9M
Ln 25
Programscol B$7.2M
Managementcol C$662K
Fundraisingcol D$14K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$901K
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$657K
Government grantsLn 1e$652K
Fees for servicesLn 2g$7.2M
Investment incomeLn 3$10K
Other incomeLn 4–11$45K
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$818K
Cash and savings togetherLn 1–2$901K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$105K
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.6M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 5140
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$828K$901K
Land, buildings, equipmentLn 10c$2.7M$2.8M
Total assetsLn 16$4.8M$5.1M
LiabilitiesLn 26$2.3M$2.6M
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$250K$250K
Other salaries and wagesLn 7$5.6M$5.4M$217K
Pension plan contributionsLn 8$230K$196K$34K
Other employee benefitsLn 9$462K$428K$34K
Payroll taxesLn 10$432K$395K$37K
Other fees for servicesLn 11g$80K$31K$49K
Office expensesLn 13$15K$9K$5K
OccupancyLn 16$208K$201K$7K
TravelLn 17$28K$27K$569
InterestLn 20$59K$56K$4K
Depreciation, depletion and amortizationLn 22$143K$136K$8K
InsuranceLn 23$26K$23K$4K
Other expenses (24a–d)Ln 24$356K$329K$13K$14K
Total functional expensesLn 25$7.9M$7.2M$662K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 9, 2026 $9.0M$8.9M$86K$2.6M 990 PDF
FY2024 ViewingFiled with the IRS Feb 13, 2025 $8.0M$7.9M$71K$2.5M 990 PDF
FY2023Filed with the IRS May 14, 2024 $6.5M$6.1M$439K$2.4M 990 PDF
FY2022Filed with the IRS Aug 3, 2023 $4.8M$4.8M$12K$2.0M 990 PDF
FY2021Filed with the IRS May 13, 2022 $4.8M$4.6M$140K$2.0M 990 PDF
FY2020Filed with the IRS May 10, 2021 $4.8M$4.8M$8K$1.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $7,954,818 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $547,160$657,202
I-9 Program service revenuePrior year $5,955,282$7,242,285
I-10 Investment incomePrior year $16,252$10,496
I-11 Other revenuePrior year $23,327$44,835
I-12 Total revenuePrior year $6,542,021$7,954,818
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,414,528$6,968,742
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $688,127$915,396
I-18 Total expensesPrior year $6,102,655$7,884,138
I-19 Revenue less expensesPrior year $439,366$70,680
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,954,818 across 7 lines filed
VIII-1e Government grants$651,953
VIII-1f All other contributions, gifts and grants$5,249
VIII-1h Total contributions, gifts and grants$657,202
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,242,285$7,242,285
VIII-3 Investment incomeExcluded from tax $10,496$10,496
VIII-8 Net income from fundraising eventsExcluded from tax $44,835$44,835
VIII-12 Total revenueRelated to mission $7,242,285 · Unrelated business $0 · Excluded from tax $55,331$7,954,818
Part IX · Statement of functional expenses $7,884,138 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $249,858$249,858
IX-7 Other salaries and wagesPrograms $5,378,034 · Management $217,334$5,595,368
IX-8 Pension plan contributionsPrograms $195,523 · Management $34,212$229,735
IX-9 Other employee benefitsPrograms $428,464 · Management $33,518$461,982
IX-10 Payroll taxesPrograms $394,562 · Management $37,237$431,799
IX-11g Other fees for servicesPrograms $31,398 · Management $48,736$80,134
IX-13 Office expensesPrograms $9,493 · Management $5,325$14,818
IX-16 OccupancyPrograms $201,305 · Management $6,739$208,044
IX-17 TravelPrograms $27,244 · Management $569$27,813
IX-20 InterestPrograms $55,761 · Management $3,696$59,457
IX-22 Depreciation, depletion and amortizationPrograms $135,503 · Management $7,683$143,186
IX-23 InsurancePrograms $22,599 · Management $3,524$26,123
IX-24 Other expenses (24a–d)Programs $328,723 · Management $13,172 · Fundraising $13,926$355,821
IX-25 Total functional expensesPrograms $7,208,609 · Management $661,603 · Fundraising $13,926$7,884,138
Part X · Balance sheet $5,119,828 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $120,269$83,136
X-2 Savings and temporary cash investmentsStart of year $707,840$818,059
X-4 Accounts receivableStart of year $1,109,691$1,329,087
X-9 Prepaid expenses and deferred chargesStart of year $77,934$29,065
X-10c Land, buildings and equipment, netStart of year $2,741,188$2,755,704
X-15 Other assetsStart of year $0$104,777
X-16 Total assetsStart of year $4,756,922$5,119,828
X-17 Accounts payable and accrued expensesStart of year $398,450$536,086
X-19 Deferred revenueStart of year $86,418$218,062
X-25 Other liabilitiesStart of year $0$99,980
X-26 Total liabilitiesStart of year $2,330,987$2,623,213
X-27 Net assets without donor restrictionsStart of year $2,373,101$2,492,317
X-28 Net assets with donor restrictionsStart of year $52,834$4,298
X-32 Total net assets or fund balancesStart of year $2,425,935$2,496,615
X-33 Total liabilities and net assetsStart of year $4,756,922$5,119,828
Part XI · Reconciliation of net assets $2,496,615 net assets at year end
XI-1 Total revenue$7,954,818
XI-2 Total expenses$7,884,138
XI-3 Revenue less expenses$70,680
XI-4 Net assets at start of year$2,425,935
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,496,615

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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