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.”

“Transportation: program service expenses 622,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 622,605. General admissions: program service expenses 192,523. Management and general expenses 385,045. Fundraising expenses 0. Total expenses 577,568. Development: program service expenses 169,639. Management and general expenses 339,278. Fundraising expenses 0. Total expenses 508,917. Contributed tents and projectors: program service expenses 407,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 407,885. Field trips: program service expenses 348,074. Management and general expenses 0. Fundraising expenses 0. Total expenses 348,074. Athletics: program service expenses 339,418. Management and general expenses 0. Fundraising expenses 0. Total expenses 339,418. Miscellaneous: program service expenses 85,837. Management and general expenses 160,787. Fundraising expenses 0. Total expenses 246,624. Fundraising annual giving: program service expenses 0. Management and general expenses 0. Fundraising expenses 219,351. Total expenses 219,351. Other school related: program service expenses 198,973. Management and general expenses 0. Fundraising expenses 0. Total expenses 198,973. Designated scholarship: program service expenses 192,677. Management and general expenses 0. Fundraising expenses 0. Total expenses 192,677. Department expenses: program service expenses 178,727. Management and general expenses 0. Fundraising expenses 0. Total expenses 178,727. Immersion/strategic: program service expenses 49,679. Management and general expenses 99,359. Fundraising expenses 0. Total expenses 149,038. Admissions: program service expenses 120,230. Management and general expenses 0. Fundraising expenses 0. Total expenses 120,230. Other student activities: program service expenses 113,934. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,934. Special functions: program service expenses 113,280. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,280. Faculty conference: program service expenses 83,970. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,970. Capital expense: program service expenses 27,443. Management and general expenses 54,887. Fundraising expenses 0. Total expenses 82,330. Real estate taxes: program service expenses 77,799. Management and general expenses 0. Fundraising expenses 313. Total expenses 78,112. Plant repair and maintenance: program service expenses 20,536. Management and general expenses 41,072. Fundraising expenses 0. Total expenses 61,608. Commencement: program service expenses 57,013. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,013. Head of school expenses: program service expenses 51,912. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,912. Yearbook: program service expenses 51,072. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,072. Recruiting: program service expenses 46,484. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,484. Discretionary scholar needs: program service expenses 31,011. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,011. Curriculum development: program service expenses 29,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,593. College counseling: program service expenses 23,769. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,769. Student store: program service expenses 22,345. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,345. Global speaker series: program service expenses 21,012. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,012. Registrar: program service expenses 6,899. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,899. Alumni program: program service expenses”

“Change in value of postretirement liability 279,790.”

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