Civic Intelligence

New Visions for Public Schools Inc

EIN 13-3538961 • 501(c)3 • New York, NY

Profile

Improving the quality of education in nyc public schools and ensuring that all students have access to effective schools that enable them to graduate from high school fully prepared for college and career.

205 East 42nd Street 4th FloorNew York, NY 10017

www.newvisions.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.37x

Higher debt load relative to assets than 52% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.94x

Higher debt load relative to revenue than 58% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$629,708

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2024

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

16%

Faster revenue growth than 76% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$80,235,921

Down $1,571,220 (-1.9%) from 2023

Liabilities

Up

$29,767,069

Up $202,573 (+0.7%) from 2023

Net Assets

Down

$50,468,852

Down $1,773,793 (-3.4%) from 2023

Revenue

Up

$31,752,150

Up $4,339,899 (+16%) from 2023

Expenses

Down

$36,778,385

Down $933,706 (-2.5%) from 2023

Net Income

Up

-$5,026,235

Up $5,273,605 (+51%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $40,056,133Liabilities 2011: $3,561,188Net Assets 2011: $36,494,9452011Assets 2012: $39,763,240Liabilities 2012: $4,193,560Net Assets 2012: $35,569,6802012Assets 2013: $33,521,886Liabilities 2013: $2,944,122Net Assets 2013: $30,577,7642013Assets 2014: $34,733,733Liabilities 2014: $2,851,898Net Assets 2014: $31,881,8352014Assets 2015: $40,407,267Liabilities 2015: $2,864,438Net Assets 2015: $37,542,8292015Assets 2016: $60,469,699Liabilities 2016: $12,267,320Net Assets 2016: $48,202,3792016Assets 2017: $59,161,695Liabilities 2017: $9,496,686Net Assets 2017: $49,665,0092017Assets 2018: $58,077,118Liabilities 2018: $9,968,892Net Assets 2018: $48,108,2262018Assets 2019: $70,119,742Liabilities 2019: $12,384,905Net Assets 2019: $57,734,8372019Assets 2020: $69,478,669Liabilities 2020: $13,924,662Net Assets 2020: $55,554,0072020Assets 2021: $79,613,761Liabilities 2021: $12,956,765Net Assets 2021: $66,656,9962021Assets 2022: $75,664,587Liabilities 2022: $14,684,563Net Assets 2022: $60,980,0242022Assets 2023: $81,807,141Liabilities 2023: $29,564,496Net Assets 2023: $52,242,6452023Assets 2024: $80,235,921Liabilities 2024: $29,767,069Net Assets 2024: $50,468,8522024

Highlighted filing

2024

Assets$80,235,921
Liabilities$29,767,069
Net Assets$50,468,852

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MExpenses 2011: $17,996,1682011Expenses 2012: $19,618,6612012Revenue 2013: $15,836,525Expenses 2013: $21,444,630Net Income 2013: -$5,608,1052013Revenue 2014: $22,920,750Expenses 2014: $23,195,160Net Income 2014: -$274,4102014Revenue 2015: $30,305,237Expenses 2015: $23,226,137Net Income 2015: $7,079,1002015Revenue 2016: $38,142,138Expenses 2016: $26,228,252Net Income 2016: $11,913,8862016Revenue 2017: $27,963,932Expenses 2017: $27,807,478Net Income 2017: $156,4542017Revenue 2018: $25,652,695Expenses 2018: $27,847,255Net Income 2018: -$2,194,5602018Revenue 2019: $36,733,202Expenses 2019: $27,197,966Net Income 2019: $9,535,2362019Revenue 2020: $24,842,946Expenses 2020: $27,424,698Net Income 2020: -$2,581,7522020Revenue 2021: $33,356,068Expenses 2021: $27,925,430Net Income 2021: $5,430,6382021Revenue 2022: $30,621,048Expenses 2022: $30,654,666Net Income 2022: -$33,6182022Revenue 2023: $27,412,251Expenses 2023: $37,712,091Net Income 2023: -$10,299,8402023Revenue 2024: $31,752,150Expenses 2024: $36,778,385Net Income 2024: -$5,026,2352024

Highlighted filing

2024

Revenue$31,752,150
Expenses$36,778,385
Net Income-$5,026,235

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.2$29.8$50.5$31.8$36.8$5.03
2023Detailed filing. Detailed filing data is available for this year.$81.8$29.6$52.2$27.4$37.7$10.3
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.7$14.7$61.0$30.6$30.7$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.6$13.0$66.7$33.4$27.9$5.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.5$13.9$55.6$24.8$27.4$2.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.1$12.4$57.7$36.7$27.2$9.54
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.1$9.97$48.1$25.7$27.8$2.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.2$9.50$49.7$28.0$27.8$0.16
2016Detailed filing. Detailed filing data is available for this year.$60.5$12.3$48.2$38.1$26.2$11.9
2015Detailed filing. Detailed filing data is available for this year.$40.4$2.86$37.5$30.3$23.2$7.08
2014Detailed filing. Detailed filing data is available for this year.$34.7$2.85$31.9$22.9$23.2$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.5$2.94$30.6$15.8$21.4$5.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$4.19$35.6$19.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.1$3.56$36.5$18.0
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 2, 2024
Return Version
2022v5.0
Gross Receipts
$66,842,852
Mission and Program Overview

Mission

Improving the quality of education in nyc public schools and ensuring that all students have access to effective schools that enable them to graduate from high school fully prepared for college and career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,165,271$39,430,601▲ $3,265,330
Savings and Temporary Cash Investments$12,338,862$10,838,205▼ $1,500,657
Pledges and Grants Receivable$15,910,788$6,918,149▼ $8,992,639
Land, Buildings, and Equipment, Net$4,205,577$4,002,902▼ $202,675
Accounts Receivable$2,140,923$2,058,123▼ $82,800
Prepaid Expenses and Deferred Charges$123,112$143,854▲ $20,742
Cash and Non-Interest-Bearing Accounts$255,361$2,500▼ $252,861
Total Assets$75,664,587$81,807,141▲ $6,142,554
Other Assets Total$4,524,693$18,412,807▲ $13,888,114
Liabilities
Other Liabilities$10,983,206$25,011,309▲ $14,028,103
Accounts Payable and Accrued Expenses$1,859,434$2,293,146▲ $433,712
Grants Payable$1,841,923$2,260,041▲ $418,118
Total Liabilities$14,684,563$29,564,496▲ $14,879,933
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,330,039$46,969,896▼ $2,360,143
Net Assets With Donor Restrictions$11,649,985$5,272,749▼ $6,377,236
Total Net Assets Fund Balance$60,980,024$52,242,645▼ $8,737,379
Total Liabilities and Net Assets / Fund Balance$75,664,587$81,807,141▲ $6,142,554

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,002,902$1,425,992$5,428,894
Equipment$0$1,208,792$1,208,792
Other Land Buildings$0$11,716$11,716
Other Assets Org$14,106,171--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark C DunetzPresidentFT$455,622$125,279$580,901
Bradley GuntonVP of School Systems and Data AnalyticsFT$276,327$44,525$320,852
Bradley GuntonVP of School Systems and Data Analyt-$268,058$52,794$320,852
Cynthia RietschaCOO & CFOFT$286,514$32,232$318,746
Jennie Soler-mcintoshVP of Commu Engagmt and Postsecondary ParFT$244,782$42,279$287,061
Jennie Soler-mcintoshVP of Commu Engagmt and Postsecondar-$237,587$49,474$287,061
Jefferson PestronkVP of Strategy & DevelopmentFT$228,860$35,141$264,001
Edgar RodriguezSuperintendent of Charter SchoolsFT$219,808$42,802$262,610
Derek JonesVP, District School SupportFT$227,098$33,534$260,632
Joseph PosnerDirector of Human ResourcesFT$218,204$42,379$260,583
Kiran PurohitVP of Curriculum and InstructionFT$192,571$40,139$232,710
Nicole GiuntaChief of StaffFT$194,037$29,396$223,433
Carlos MendozaDirector of EngineeringFT$192,733$30,185$222,918
Jeanne EngDirector of TechnologyFT$179,809$28,056$207,865
Danielle R ScaramellinoDirector - Product DevelopmentFT$170,726$27,372$198,098

Board Members and Trustees

NameTitle
Gary L Ginsberg EsqChairman
Blair W EffronCo-chairman
Beth J LiefBoard Member
Carrie BraddockBoard Member
Dr Meisha PorterBoard Member
Dr Sandye Poitier JohnsonBoard Member
Dr Tarika BarrettBoard Member
Esther NewbergBoard Member
Ian M CookBoard Member
Lisa CaputoBoard Member
Ralph L SchlossteinBoard Member
Revdr Calvin Butts Iii Thru 1022Board Member
Richard I Beattie EsqBoard Member
Roger C AltmanBoard Member
Sabienne BrutusBoard Member
Sue LehmanBoard Member
Todd FisherBoard Member
William M Lewis JrBoard Member
Peter OrszagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,890,824
Program Service Revenue
$7,209,512
Investment Income
$1,254,996
Other Revenue
$56,919
All Other Contributions
$5,669,218
Change in Net Assets
$-10,299,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,340,357
Revenue Not Reported on Financial Statements
$71,894
Revenue Not Reported on Form 990
$3,394,715
Total Revenue per Audited Statements
$30,735,072
Total Revenue per Form 990
$27,412,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$28,543,131
Other Expenses$5,320,882
Grants and Similar Amounts Paid$3,848,078
Total Fundraising Expense$664,877
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,743,951$2,330,663$404,672$20,479,286
Current Officers, Directors, Trustees, and Key Employees$1,971,593$532,221$53,633$2,557,447
Grants to Domestic Orgs$2,333,221--$2,333,221
Other Employee Benefits$1,962,954$286,804$57,877$2,307,635
Payroll Taxes$1,616,030$217,974$38,579$1,872,583
Grants to Domestic Individuals$1,514,857--$1,514,857
Pension Plan Contributions$1,166,058$137,123$22,999$1,326,180
Occupancy$1,049,443$149,779$21,460$1,220,682
Travel$559,709$66,059$11,722$637,490
Fees for Services Other$418,764$47,268$260$466,292
Depreciation Depletion$289,335$41,220$5,961$336,516
Insurance$94,155$14,025$2,118$110,298
Fees for Services Legal$77,475$25,690$11$103,176
Fees for Services Accounting$70,899$9,993$1,433$82,325
Fees for Services Lobbying$78,000--$78,000
Fees for Service Investment Mgmnt Fees-$71,894-$71,894
All Other Expenses$44,027$2,555$4,890$51,472
Other Expenses$39,189$5,459$1,240$45,888
Total Functional Expenses$32,918,616$4,128,598$664,877$37,712,091

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,472,451
Total Expenses per Form 990$37,712,091
Expenses per Audited Statements$37,640,197
Expenses Not Reported on Form 990$1,832,254
Expenses Not Reported on Financial Statements$71,894
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Syracuse UniversitySyracuse, NY-Teacher to Librarian Tuition$622,453
New Visions Aim Charter High School IBrooklyn, NY501( C ) 3School Grant$580,000
St John Fisher CollegeRochester, NY-Teacher to Librarian Tuition$342,958
New Visions Charter SchoolNew York, NY501( C ) 3School Grant$252,756
Nyc Public SchoolNew York, NY-Network for School Improvement - College Ready$211,239
Nyc Public SchoolNew York, NY501( C ) 3Financial Literacy Program$159,899
Nyc Public SchoolNew York, NY-Instructional Network for School Improvement$62,832
Nyc Public SchoolNew York, NY501( C ) 3Libraray Collaboration$56,000
Nyc Public SchoolNew York, NY-Per Session Professional Development Curriculum$16,077
New Visions Charter SchoolNew York, NY501( C ) 3Network for School Improvement - College Ready$9,740
Nyc Public SchoolNew York, NY-Summer Rising Program$5,478
Project Look SharpIthaca, NY-Library Professional Development$4,120
New Visions Charter High School for Advanced Math and Science IiBronx, NY501( C ) 3Library Collaboration$3,750
American Library AssociationChicago, IL501( C ) 3Library Professional Development$1,848
New Visions Charter High School for the HumanitiesBronx, NY501( C ) 3Network for School Improvement - College Ready$1,580
Nyc Public SchoolNew York, NY501( C ) 3Teacher Pilot Grant$1,491
Genesys Works NycNew York, NY501( C ) 3Program Grant$1,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$16,377,969
Capital Lease Obligation$7,055,141
Agency Funds Held for Others$1,578,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by sax llp, an independent accounting firm, based on the information provided by the cfo. The president, cfo, and coo together review and approve for filing. The board's executive committee will also receive a copy of the 990. A copy of the 990 will be distributed to each board member prior to submitting to the irs.

Form 990, Part VI, Section B, Line 12C

Upon hire all employees sign disclosure statements describing any outside activities. In the event, an employee's status changes in this regard employees are required under policy to disclose outside business relationships. This is explained to all staff as part of new hire orientation training. Employees also sign off annually on an updated release of the employee handbook. Statements of the disclosure are reviewed by the director of hr and if there is any potential/real conflict it is raised to the coo. Following the discussion, the coo or the director of hr will contact the employee to resolve the conflict. Before the annual election, board members are asked to disclose any potential/real conflict that may impact their governance role. Board members with a real conflict will not be permitted to assume a board role or must recuse themselves from decisions concerning the real conflict. All conflicts are handled on a case-by-case basis.

Form 990, Part VI, Section B, Line 15

Salary compensation for the president, coo, and vice presidents is determined and approved by the executive committee of the board. In determining compensation, the executive committee will refer to published salary surveys and independent research as deemed necessary.

Form 990, Part VI, Section C, Line 19

Currently, the 990 is made available through the charity navigator and guidestar websites. The annual audit is on the new visions website, and selected financial information is included in the annual report, which is also on the website. Donors are provided hard and soft copies upon request.

Filing and Contact Details

Filer

Filer Name
New Visions for Public Schools Inc
EIN
13-3538961
Phone
2126455110
Address
205 EAST 42ND STREET 4TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Cynthia Reitscha
Title
COO & CFO
Phone
2126455110
Signed
2024-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Rietscha
Formed
1989
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
18
Employees
202
Volunteers
19

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY STE 3, PARSIPPANY, NJ 07054
Preparer
Marqus White
Phone
9734726250
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and new york state not-for-profit corporation law, respectively, and qualifies for the charitable contribution deduction. The organization accounts for uncertainty in income taxes using a recognition threshold of more likely than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management has determined that there were no tax uncertainties that met the recognition threshold at the statement of financial position date and no interest and penalties related to unrecognized tax benefits have been recognized in the organization's financial statements. The organization timely files federal form 990 annually and new york state annual reports as required. The organization's filing years prior to june 30, 2020 are no longer subject to examination. No returns or registrations are presently under examination by the relevant authorities.

Raw XML AppendixShowing 400 of 1,113 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt02058123
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0IMPROVING THE QUALITY OF EDUCATION IN NYC PUBLIC SCHOOLS AND ENSURING THAT ALL STUDENTS HAVE ACCESS TO EFFECTIVE SCHOOLS THAT ENABLE THEM TO GRADUATE FROM HIGH SCHOOL FULLY PREPARED FOR COLLEGE AND CAREER.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CYNTHIA RIETSCHA COO & CFO
IRS990/BooksInCareOfDetail/PhoneNum02126455110
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0205 EAST 42ND STREET 4TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010017
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IRS990/Desc0SCHOOL SUPPORT WORKS WITH 1,580 SCHOOLS IN ALL THE BOROUGHS OF NEW YORK CITY, SERVING OVER 835,000 STUDENTS AS OF JUNE 30, 2023. IN ADDITION TO FUNCTIONING AS A CHARTER MANAGEMENT, ORGANIZATION (CMO) FOR ITS TEN CHARTER HIGH SCHOOLS, THE ORGANIZATION SUPPORTS SCHOOLS THROUGH ITS AFFINITY GROUP AND CITYWIDE PARTNERSHIPS WITH THE NYCDOE. NEW VISIONS PROVIDES DIRECT ONE-TO-ONE SUPPORT TO ITS CHARTER AND AFFINITY SCHOOLS THROUGH TWO CORE STRATEGIES, CONTINUOUS IMPROVEMENT COACHING (CIC) AND STRATEGIC DATA CHECK-INS (SDCS). THE ORGANIZATION ALSO MAKES LEADERSHIP, SPECIAL EDUCATION, AND MULTILINGUAL LEARNER SUPPORT AVAILABLE TO ITS CHARTER SCHOOLS AND AFFINITY NETWORK, AND PROVIDES ADDITIONAL SUPPORT ON COMPLIANCE AND LITERACY INTERVENTIONS FOR ITS CHARTER SCHOOLS. ADDITIONALLY, THE ORGANIZATION WORKS WITH MULTIPLE SUBGROUPS OF SCHOOLS IN ITS AFFINITY AND CHARTER NETWORKS ON GRANT-FUNDED ACTIVITIES, INCLUDING THE COLLEGE READINESS NETWORK FOR SCHOOL IMPROVEMENT, WHICH FOCUSES ON ESTABLISHING MODELS FOR ONE-TO-ONE CHECK-INS BETWEEN STUDENTS AND EDUCATORS TO HELP KEEP STUDENTS ON TRACK DURING NINTH GRADE; AND MULTIPLE EFFORTS TO SUPPORT POSTSECONDARY ADVISING AND SUCCESS, INCLUDING THE POSTSECONDARY ADVISING MODEL THAT DEVELOPS STRATEGIES FOR CONSISTENT, HIGH-QUALITY POSTSECONDARY ADVISING, AND THE COLLEGE ACCESS AND ACTION NETWORK, WHICH DEVELOPS THE CAPACITY OF COUNSELORS TO SUPPORT STUDENTS' COLLEGE AND CAREER READINESS.
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