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 683,035. Management and general expenses 0. Fundraising expenses 0. Total expenses 683,035. Maintenance supplies: program service expenses 208,963. Management and general expenses 417,927. Fundraising expenses 0. Total expenses 626,890. General admissions: program service expenses 197,196. Management and general expenses 394,391. Fundraising expenses 0. Total expenses 591,587. Immersion/strategic: program service expenses 186,891. Management and general expenses 373,781. Fundraising expenses 0. Total expenses 560,672. Athletics: program service expenses 359,829. Management and general expenses 0. Fundraising expenses 0. Total expenses 359,829. Field trips: program service expenses 318,897. Management and general expenses 0. Fundraising expenses 0. Total expenses 318,897. Miscellaneous: program service expenses 102,022. Management and general expenses 188,988. Fundraising expenses 0. Total expenses 291,010. Designated scholarship: program service expenses 284,943. Management and general expenses 0. Fundraising expenses 0. Total expenses 284,943. Department expenses: program service expenses 230,561. Management and general expenses 0. Fundraising expenses 0. Total expenses 230,561. Other school related: program service expenses 186,881. Management and general expenses 0. Fundraising expenses 0. Total expenses 186,881. Fundraising annual giving: program service expenses 0. Management and general expenses 0. Fundraising expenses 186,464. Total expenses 186,464. Recruiting: program service expenses 156,726. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,726. Other student activities: program service expenses 136,131. Management and general expenses 0. Fundraising expenses 0. Total expenses 136,131. Admissions: program service expenses 125,883. Management and general expenses 0. Fundraising expenses 0. Total expenses 125,883. Special functions: program service expenses 120,305. Management and general expenses 0. Fundraising expenses 0. Total expenses 120,305. Head of school expenses: program service expenses 119,872. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,872. Faculty conference: program service expenses 108,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 108,500. Plant repair and maintenance: program service expenses 28,916. Management and general expenses 57,833. Fundraising expenses 0. Total expenses 86,749. Real estate taxes: program service expenses 79,416. Management and general expenses 0. Fundraising expenses 3,003. Total expenses 82,419. Yearbook: program service expenses 74,098. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,098. Commencement: program service expenses 53,569. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,569. Discretionary scholar needs: program service expenses 39,181. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,181. Capital expense: program service expenses 12,950. Management and general expenses 25,901. Fundraising expenses 0. Total expenses 38,851. Student store: program service expenses 28,671. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,671. College counseling: program service expenses 26,535. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,535. Curriculum development: program service expenses 21,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,348. Global speaker series: program service expenses 20,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,370. Registrar: program service expenses 5,698. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,698. Upper school: program service expenses 5,066. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,066. Alumni program: program service expenses 0. M”

“Change in value of postretirement liability 229,484.”

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