Trustees of Newark Academy

“Head of school and cfo review form 990 before it is filed. Financial statements were reviewed by the board in september meeting.”

“Head of school and cfo periodically review compliance with conflict of interest policy.”

“Compensation levels for head of school and director of business and finance are set by the chairman of the board in consultation with the chair of the finance committee and other executive committee members. Benchmarking with other new jersey association independent schools and national association of independent schools is performed annually for all employee categories.”

“The institution's form 990 is available upon request and can be found on various websites such as charity navigator. The institution's policies, financial statements and governing documents are available upon request.”

“The process has not changed from the prior tax year.”

“Change in value of postretirement liability: $(30,532)”

“Description:maintenance supplies total expenses:522455 program services:174152 management and general:348303”

“Description:transportation total expenses:289163 program services:289163”

“Description:athletics total expenses:217936 program services:217936”

“Description:fundraising campaign exp other total expenses:82028 fundraising:82028”

“Description:department expenses total expenses:147365 program services:147365”

“Description:other school related total expenses:114548 program services:114548”

“Description:special functions total expenses:90079 program services:90079”

“Description:admissions total expenses:130843 program services:130843”

“Description:other student activities total expenses:80735 program services:80735”

“Description:immersion/strategic total expenses:76437 program services:25479 management and general:50958”

“Description:yearbook total expenses:50378 program services:50378”

“Description:fundraising annual giving total expenses:57634 fundraising:57634”

“Description:head of school expenses total expenses:57777 program services:57777”

“Description:fundraising material total expenses:32695 fundraising:32695”

“Description:alumni program total expenses:84745 fundraising:84745”

“Description:commencement total expenses:43248 program services:43248”

“Description:recruiting total expenses:66312 program services:66312”

“Description:field trips total expenses:1373779 program services:1373779”

“Description:curriculum development total expenses:35316 program services:35316”

“Description:global speaker series total expenses:22000 program services:22000”

“Description:college counseling total expenses:14073 program services:14073”

“Description:registrar total expenses:6055 program services:6055”

“Description:business office total expenses:1436 program services:1436”

“Description:upper school total expenses:1707 program services:1707”

“Description:faculty conference total expenses:68304 program services:68304”

“Description:student store total expenses:28718 program services:28718”

“Description:outreach program total expenses:5000 program services:5000”

“Description:development total expenses:337989 program services:112663 management and general:225326”

“Description:plant repair and maintenance total expenses:29765 program services:9922 management and general:19843”

“Description:capital expense total expenses:9285 program services:3095 management and general:6190”

“Description:general admissions total expenses:394515 program services:131505 management and general:263010”

“Description:designated scholarship total expenses:123613 program services:123613”

“Description:discretionary scholar needs total expenses:6573 program services:6573”

“Description:miscellaneous total expenses:235901 program services:78638 management and general:157263”