New Independence Academy FY2022 filing

Tax-deductible

Goldsboro, NC501(c)(3)Since 2014EducationEIN 46-3248813Revenue $222K in FY2022

On file with the IRSnewindependence.orgPo Box 10842, 27532-0842 · Goldsboro, NCTax-exempt since Jul 2014School — 170(b)(1)(A)(ii)

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to be a school to help children diagnosed with high functioning autism and other pervasive development disorders

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 4
filings with a surplus
Average deficit $26K a year · 12% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $115
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$222K
-7% vs prior year
Spent
$272K
To programs
100%
Net assets
$206K
By yearFY2021–FY2025
Revenue
$222K
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$238K
FY2022$222K
FY2023$212K
FY2025$183K
Expenses
$272K
FY2022▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2021$216K
FY2022$272K
FY2023$289K
FY2025$181K
Net assets
$206K
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2021$257K
FY2022$206K
FY2023$124K
FY2025$125K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $272K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
School Direc
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See New Independence Academy executive salaries →

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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 15aNo

Programs and updates

Prepares children with autism and related disorders for happy, independent lives through skill-building and social integration.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

To provide an education to the students.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$115

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$222K
Ln 12
Fees for servicesLn 2g$220K
Gifts and grantsLn 1h$808
Other incomeLn 4–11$699
Money outPt IX
$272K
Ln 25
Programscol B$272K
Owns and owesPt X
$206K
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$210K
LiabilitiesLn 26$4K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$808
Government grantsLn 1e$751
Fees for servicesLn 2g$220K
Investment incomeLn 3$3
Other incomeLn 4–11$699
Total revenueLn 12$222K
Assets in detailPt X, end of year
CashLn 1$147K
Cash and savings togetherLn 1–2$147K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$210K
LiabilitiesLn 26$4K
Net assetsLn 32$206K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$243K$147K
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$257K$210K
LiabilitiesLn 26$0$4K
Net assetsLn 32$257K$206K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$167K$167K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$425$425
Office expensesLn 13$287$287
OccupancyLn 16$40K$40K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$272K$272K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $183K$181K$2K$125K 990 PDF
FY2024 Not on file
FY2023 $212K$289K−$77K$124K 990 PDF
FY2022 Viewing $222K$272K−$50K$206K 990 PDF
FY2021 $238K$216K$22K$257K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $221,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,391$808
I-9 Program service revenuePrior year $232,780$220,075
I-10 Investment incomePrior year $158$3
I-11 Other revenuePrior year $3,607$699
I-12 Total revenuePrior year $237,936$221,585
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $136,822$179,676
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,256$91,984
I-18 Total expensesPrior year $216,078$271,660
I-19 Revenue less expensesPrior year $21,858−$50,075
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $221,585 across 7 lines filed
VIII-1e Government grants$751
VIII-1f All other contributions, gifts and grants$57
VIII-1h Total contributions, gifts and grants$808
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $220,075$220,075
VIII-3 Investment incomeRelated to mission $3$3
VIII-8 Net income from fundraising events$699
VIII-12 Total revenueRelated to mission $220,078$221,585
Part IX · Statement of functional expenses $271,660 across 10 lines filed
IX-7 Other salaries and wagesPrograms $166,860$166,860
IX-10 Payroll taxesPrograms $12,816$12,816
IX-11c Accounting feesPrograms $2,315$2,315
IX-12 Advertising and promotionPrograms $425$425
IX-13 Office expensesPrograms $287$287
IX-16 OccupancyPrograms $40,000$40,000
IX-22 Depreciation, depletion and amortizationPrograms $2,891$2,891
IX-23 InsurancePrograms $4,530$4,530
IX-24 Other expenses (24a–d)Programs $30,109$30,109
IX-24e All other expensesPrograms $11,427$11,427
IX-25 Total functional expensesPrograms $271,660 · Management $0 · Fundraising $0$271,660
Part X · Balance sheet $210,038 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $242,909$147,109
X-4 Accounts receivableStart of year $6,418$58,603
X-10c Land, buildings and equipment, netStart of year $7,217$4,326
X-16 Total assetsStart of year $256,544$210,038
X-25 Other liabilities$3,569
X-26 Total liabilitiesStart of year $0$3,569
X-27 Net assets without donor restrictionsStart of year $256,544$206,469
X-32 Total net assets or fund balancesStart of year $256,544$206,469
X-33 Total liabilities and net assetsStart of year $256,544$210,038
Part XI · Reconciliation of net assets $206,469 net assets at year end
XI-1 Total revenue$221,585
XI-2 Total expenses$271,660
XI-3 Revenue less expenses−$50,075
XI-4 Net assets at start of year$256,544
XI-10 Net assets at end of year$206,469

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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