New Roads School FY2023 filing

Tax-deductible

Santa Monica, CA501(c)(3)Since 1995EducationEIN 95-4823489Revenue $28.0M in FY2023

On file with the IRSnewroads.org3131 Olympic Blvd, 90404-5002 · Santa Monica, CATax-exempt since Oct 2001Publicly supported charity — 170(b)(1)(A)(vi)

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New Roads School is an independent School in los angeles serving grades k-12. IT was established in 1995 as a model for education in an ethically, culturally, and socio-economically diverse community. New Roads rests upon several fundamental commitments (see schedule o) (1) development of a student population of social, economic, ethnic, and racial diversity, (2) development of each student's full human potential, (3) academic excellence and excellence in the arts, (4) behaving responsibly and honorably as an institution, and (5) serving the larger ecological and social community.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.3M 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

FY2023 · 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
3 of 6
filings with a surplus
Average deficit $663K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
24
named funders · $1.1M
Looks good: 24 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$42.7M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.0M
-5% vs prior year
Spent
$33.8M
To programs
82%
Net assets
$30.3M
By yearFY2020–FY2025
Revenue
$28.0M
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.0M
FY2021$28.6M
FY2022$29.5M
FY2023$28.0M
FY2024$31.3M
FY2025$32.1M
Expenses
$33.8M
FY2023▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.6M
FY2021$25.0M
FY2022$28.5M
FY2023$33.8M
FY2024$33.7M
FY2025$32.9M
Net assets
$30.3M
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$32.5M
FY2021$36.3M
FY2022$37.0M
FY2023$30.3M
FY2024$28.2M
FY2025$28.2M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Oct 2001.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $27.8M Management & general 13% · $4.5M Fundraising 4% · $1.5M

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

27 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$354,029Pt VII · Sec A
Associate Head of School
$209,159Pt VII · Sec A
Director of Finance (thru 6/23)
$174,177Pt VII · Sec A
Middle School Director
$148,097Pt VII · Sec A
Director of Financial Aid and Enrollment
$135,926Pt VII · Sec A
Director of Human Resources and Operations
$131,456Pt VII · Sec A
Upper School Director
$129,038Pt VII · Sec A
$0Pt VII · Sec A

Ryan Hawley’s $352K as Associate Hos (until 08/2024) is at the 74th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Luthern Williams$329,962$380,753$354,029$354,626$355,280$355,733
Ryan Hawley$352,457$209,315$209,159$199,875$195,309$188,326
Dan Vorenberg$223,846—————
Michelle Shanks—————$211,762
Eric Etheridge—$147,485$174,177$164,734$155,580$134,595
Jeffrey Guckert———$172,626$167,673—
Daniela Pennise$170,932$165,789$129,038———
Josh Adler$160,098—————

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.

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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 15aYes

Programs and updates

Educates students in a diverse community, serving as a model for inclusive learning.

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Provided by the organization

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1 program · $27.8M · in their own filed words · FY2022
01

In an authentically diverse community reflective of los angeles, during the fiscal year ended june 30, 2023 new roads prepared young people for life by developing in them a personal dedication to learning, a respect for independent thinking, an expanding curiosity about the world and its people, and a commitment to the common good.

$27.8Mprogram 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 · FY2024
See all 24 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$28.0M
Ln 12
Fees for servicesLn 2g$26.4M
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$132K
Money outPt IX
$33.8M
Ln 25
Programscol B$27.8M
Managementcol C$4.5M
Fundraisingcol D$1.5M
Owns and owesPt X
$30.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$73.0M
LiabilitiesLn 26$42.7M
PeoplePt VI, VII
27
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$22K
Fundraising eventsLn 1c$185K
Fees for servicesLn 2g$26.4M
Investment incomeLn 3$132K
Other incomeLn 4–11$43K
Gains on assetsLn 7−$6K
Total revenueLn 12$28.0M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$48.2M
Other assetsLn 15$27K
Total assetsLn 16$73.0M
LiabilitiesLn 26$42.7M
Net assetsLn 32$30.3M
OperationsPt I, VI
EmployeesI 5247
VolunteersI 685
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 FY23End FY23
Cash and savingsLn 1–2$8.6M$2.0M
InvestmentsLn 11–13$1.4M$3.3M
Land, buildings, equipmentLn 10c$49.4M$48.2M
Total assetsLn 16$78.6M$73.0M
LiabilitiesLn 26$41.6M$42.7M
Net assetsLn 32$37.0M$30.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8.1M$8.1M
Pay of current officers, directors and key staffLn 5$639K$422K$115K$102K
Other salaries and wagesLn 7$14.1M$11.3M$2.0M$724K
Pension plan contributionsLn 8$505K$398K$71K$36K
Other employee benefitsLn 9$1.4M$1.2M$54K$123K
Payroll taxesLn 10$988K$833K$97K$58K
Legal feesLn 11b$270K$251K$19K
Accounting feesLn 11c$68K$63K$5K
Professional fundraising feesLn 11e$21K$21K
Other fees for servicesLn 11g$577K$416K$99K$62K
Advertising and promotionLn 12$128K$19K$70K$38K
Office expensesLn 13$710K$148K$540K$22K
Information technologyLn 14$378K$114K$244K$19K
OccupancyLn 16$1.2M$1.0M$129K$32K
TravelLn 17$524K$494K$20K$10K
Conferences, conventions and meetingsLn 19$113K$86K$15K$13K
InterestLn 20$896K$762K$108K$27K
Depreciation, depletion and amortizationLn 22$1.9M$1.6M$223K$56K
InsuranceLn 23$176K$150K$21K$5K
Other expenses (24a–d)Ln 24$1.1M$676K$334K$139K
All other expensesLn 24e$23K$7K$15K$191
Total functional expensesLn 25$33.8M$27.8M$4.5M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $32.1M$32.9M−$767K$28.2M 990 PDF
FY2024 $31.3M$33.7M−$2.4M$28.2M 990 PDF
FY2023 Viewing $28.0M$33.8M−$5.8M$30.3M 990 PDF
FY2022 $29.5M$28.5M$1.1M$37.0M 990 PDF
FY2021 $28.6M$25.0M$3.6M$36.3M 990 PDF
FY2020 $25.0M$24.6M$340K$32.5M 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 FY2023 990 (6 parts)
Part I · Summary $27,997,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,798,575$1,452,865
I-9 Program service revenuePrior year $25,471,411$26,369,569
I-10 Investment incomePrior year $71,368$132,287
I-11 Other revenuePrior year $194,229$42,933
I-12 Total revenuePrior year $29,535,583$27,997,654
I-13 Grants and similar amounts paidPrior year $7,112,339$8,136,229
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,653,772$17,597,368
I-16a Professional fundraising feesPrior year $8,614$21,375
I-17 Other expensesPrior year $6,677,360$8,030,417
I-18 Total expensesPrior year $28,452,085$33,785,389
I-19 Revenue less expensesPrior year $1,083,498−$5,787,735
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $27,997,654 across 11 lines filed
Lines not itemized here account for $2,880 of total revenue; see the IRS return.
VIII-1c Fundraising events$184,594
VIII-1f All other contributions, gifts and grants$1,268,271
VIII-1g Noncash contributions (included above)$21,500
VIII-1h Total contributions, gifts and grants$1,452,865
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,369,569$26,369,569
VIII-3 Investment incomeExcluded from tax $138,211$138,211
VIII-6 Net rental income or lossExcluded from tax $87,526$87,526
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,924−$5,924
VIII-8 Net income from fundraising eventsExcluded from tax −$52,954−$52,954
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,481$5,481
VIII-12 Total revenueRelated to mission $26,375,050 · Unrelated business $0 · Excluded from tax $169,739$27,997,654
Part IX · Statement of functional expenses $33,785,389 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $8,136,229$8,136,229
IX-5 Pay of current officers, directors and key staffPrograms $421,699 · Management $115,009 · Fundraising $102,230$638,938
IX-7 Other salaries and wagesPrograms $11,317,620 · Management $2,042,722 · Fundraising $723,729$14,084,071
IX-8 Pension plan contributionsPrograms $398,170 · Management $70,552 · Fundraising $36,215$504,937
IX-9 Other employee benefitsPrograms $1,204,776 · Management $53,634 · Fundraising $122,651$1,381,061
IX-10 Payroll taxesPrograms $833,143 · Management $97,224 · Fundraising $57,994$988,361
IX-11b Legal feesManagement $250,644 · Fundraising $18,866$269,510
IX-11c Accounting feesManagement $62,775 · Fundraising $4,725$67,500
IX-11e Professional fundraising feesFundraising $21,375$21,375
IX-11g Other fees for servicesPrograms $415,783 · Management $98,639 · Fundraising $62,472$576,894
IX-12 Advertising and promotionPrograms $19,176 · Management $70,245 · Fundraising $38,149$127,570
IX-13 Office expensesPrograms $147,578 · Management $540,259 · Fundraising $22,493$710,330
IX-14 Information technologyPrograms $114,286 · Management $243,996 · Fundraising $19,463$377,745
IX-16 OccupancyPrograms $1,004,716 · Management $128,503 · Fundraising $32,126$1,165,345
IX-17 TravelPrograms $493,950 · Management $19,914 · Fundraising $10,493$524,357
IX-19 Conferences, conventions and meetingsPrograms $85,756 · Management $14,691 · Fundraising $12,571$113,018
IX-20 InterestPrograms $761,520 · Management $107,509 · Fundraising $26,877$895,906
IX-22 Depreciation, depletion and amortizationPrograms $1,577,062 · Management $222,644 · Fundraising $55,661$1,855,367
IX-23 InsurancePrograms $149,795 · Management $21,147 · Fundraising $5,287$176,229
IX-24 Other expenses (24a–d)Programs $675,610 · Management $333,592 · Fundraising $138,755$1,147,957
IX-24e All other expensesPrograms $7,053 · Management $15,445 · Fundraising $191$22,689
IX-25 Total functional expensesPrograms $27,763,922 · Management $4,509,144 · Fundraising $1,512,323$33,785,389
Part X · Balance sheet $72,999,817 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $8,314,387$2,012,409
X-2 Savings and temporary cash investmentsStart of year $278,033$3,275
X-3 Pledges and grants receivableStart of year $2,120,415$1,680,142
X-4 Accounts receivableStart of year $16,851,339$17,464,708
X-9 Prepaid expenses and deferred chargesStart of year $244,219$266,877
X-10c Land, buildings and equipment, netStart of year $49,362,796$48,216,188
X-11 Publicly traded securitiesStart of year $1,383,360$3,328,946
X-15 Other assetsStart of year $27,272$27,272
X-16 Total assetsStart of year $78,581,821$72,999,817
X-17 Accounts payable and accrued expensesStart of year $1,494,706$2,109,157
X-19 Deferred revenueStart of year $18,626,840$19,622,429
X-20 Tax-exempt bond liabilitiesStart of year $14,184,081$13,702,843
X-25 Other liabilitiesStart of year $58,723$62,458
X-26 Total liabilitiesStart of year $41,564,350$42,696,887
X-27 Net assets without donor restrictionsStart of year $32,830,529$26,658,911
X-28 Net assets with donor restrictionsStart of year $4,186,942$3,644,019
X-32 Total net assets or fund balancesStart of year $37,017,471$30,302,930
X-33 Total liabilities and net assetsStart of year $78,581,821$72,999,817
Part XI · Reconciliation of net assets $30,302,930 net assets at year end
XI-1 Total revenue$27,997,654
XI-2 Total expenses$33,785,389
XI-3 Revenue less expenses−$5,787,735
XI-4 Net assets at start of year$37,017,471
XI-5 Net unrealized gains (losses) on investments$108,826
XI-9 Other changes in net assets−$1,035,632
XI-10 Net assets at end of year$30,302,930

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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