Civic Intelligence

New Visions Charter High School for Advanced Math and Science II

990 • Fiscal year 2019 • EIN 45-4659946

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 18, 2020

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

(718) 665-3671

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.08x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

66th percentile

7.4%

Higher net margin than 66% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$181,160

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

5.3%

Faster revenue growth than 52% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$7,605,360

Up $740,132 (+11%) from 2018

Net Assets

Up

$7,020,620

Up $738,496 (+12%) from 2018

Liabilities

Up

$584,740

Up $1,636 (+0.3%) from 2018

Revenue

Up

$9,925,748

Up $502,405 (+5.3%) from 2018

Expenses

Up

$9,187,252

Up $970,280 (+12%) from 2018

Net Income

Down

$738,496

Down $467,875 (-39%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $358,573Liabilities 2012: $33,541Net Assets 2012: $325,0322012Assets 2013: $675,059Liabilities 2013: $356,982Net Assets 2013: $318,0772013Assets 2014: $1,080,042Liabilities 2014: $270,966Net Assets 2014: $809,0762014Assets 2015: $2,121,139Liabilities 2015: $342,129Net Assets 2015: $1,779,0102015Assets 2016: $3,952,619Liabilities 2016: $429,404Net Assets 2016: $3,523,2152016Assets 2017: $5,552,247Liabilities 2017: $476,494Net Assets 2017: $5,075,7532017Assets 2018: $6,865,228Liabilities 2018: $583,104Net Assets 2018: $6,282,1242018Assets 2019: $7,605,360Liabilities 2019: $584,740Net Assets 2019: $7,020,6202019Assets 2020: $10,147,191Liabilities 2020: $1,186,975Net Assets 2020: $8,960,2162020Assets 2021: $11,364,878Liabilities 2021: $993,672Net Assets 2021: $10,371,2062021Assets 2022: $12,482,791Liabilities 2022: $804,325Net Assets 2022: $11,678,4662022Assets 2023: $11,790,387Liabilities 2023: $975,258Net Assets 2023: $10,815,1292023Assets 2024: $10,583,848Liabilities 2024: $877,569Net Assets 2024: $9,706,2792024

Highlighted filing

2019

Assets$7,605,360
Liabilities$584,740
Net Assets$7,020,620

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $415,000Expenses 2012: $89,968Net Income 2012: $325,0322012Expenses 2013: $2,360,6042013Revenue 2014: $4,242,274Expenses 2014: $3,751,275Net Income 2014: $490,9992014Revenue 2015: $6,618,060Expenses 2015: $5,648,126Net Income 2015: $969,9342015Revenue 2016: $8,724,690Expenses 2016: $6,980,485Net Income 2016: $1,744,2052016Revenue 2017: $8,928,324Expenses 2017: $7,375,786Net Income 2017: $1,552,5382017Revenue 2018: $9,423,343Expenses 2018: $8,216,972Net Income 2018: $1,206,3712018Revenue 2019: $9,925,748Expenses 2019: $9,187,252Net Income 2019: $738,4962019Revenue 2020: $11,123,519Expenses 2020: $9,183,923Net Income 2020: $1,939,5962020Revenue 2021: $11,850,103Expenses 2021: $10,439,113Net Income 2021: $1,410,9902021Revenue 2022: $11,852,110Expenses 2022: $10,544,850Net Income 2022: $1,307,2602022Revenue 2023: $11,826,522Expenses 2023: $12,689,859Net Income 2023: -$863,3372023Revenue 2024: $11,341,215Expenses 2024: $12,450,065Net Income 2024: -$1,108,8502024

Highlighted filing

2019

Revenue$9,925,748
Expenses$9,187,252
Net Income$738,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 18, 2020
Return Version
2018v3.1
Gross Receipts
$9,925,748
Mission and Program Overview

Mission

New visions charter high school for advanced math and science ii (ams ii) endeavors to provide all students, regardless of their previous academic history, equally with the highest quality education in an atmosphere of respect, responsibility and safety.

New visions charter high school for advanced math and science ii (ams ii) endeavors to extend equally to provide all students; regardless of their previous academic history, with the highest quality education in an atmosphere of respect, responsibility and safety.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,280,692$7,089,372▲ $808,680
Pledges and Grants Receivable$487,257$335,751▼ $151,506
Savings and Temporary Cash Investments$75,489$76,046▲ $557
Prepaid Expenses and Deferred Charges$8,754$62,160▲ $53,406
Accounts Receivable-$36,519-
Land, Buildings, and Equipment, Net$10,716$5,512▼ $5,204
Total Assets$6,865,228$7,605,360▲ $740,132
Other Assets Total$2,320$0▼ $2,320
Liabilities
Accounts Payable and Accrued Expenses$309,109$333,989▲ $24,880
Other Liabilities$273,995$250,751▼ $23,244
Total Liabilities$583,104$584,740▲ $1,636
Net Assets / Fund Balance
Unrestricted Net Assets$6,254,616$7,001,403▲ $746,787
Temporarily Rstr Net Assets$27,508$19,217▼ $8,291
Total Net Assets Fund Balance$6,282,124$7,020,620▲ $738,496
Total Liabilities and Net Assets / Fund Balance$6,865,228$7,605,360▲ $740,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,512$271,200$276,712
Other Land Buildings$0$9,143$9,143
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Spiridoula ManessisPrincipalFT$159,284$21,876$181,160
Talib HesterTeacher - Special EducationFT$101,805$14,535$116,340
Yvelis BrownAssociate Director of School OperationsFT$77,803$18,502$96,305

Board Members and Trustees

NameTitle
Nancy GrossmanBoard Chair
Deborah JenkinsBoard Member
Edna VegaBoard Member
Frederick LevyBoard Member
Jindra ZitekBoard Member
Lili LyntonBoard Member
Marsha Milan-bethelBoard Member
Michael NathanBoard Member
Musa Ali ShamaBoard Member
Peter CantilloBoard Member
Selina UrbinaBoard Member
Stacy MartinTreasurer Thru June 2019

Highest Paid Contractors

ContractorServicesLocationCompensation
New Visions For Public SchoolsManagement Services205 EAST 42ND ST 4TH FL, New York, NY 10017$799,373
Revenue and Support

Revenue Composition

Contributions and Grants
$37,064
Program Service Revenue
$9,777,885
Investment Income
$35,471
Other Revenue
$75,328
All Other Contributions
$37,064
Change in Net Assets
$738,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,925,748
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,925,748
Total Revenue per Form 990
$9,925,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,059,671
Other Expenses$2,127,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,952,719$532,040-$5,484,759
Fees for Services Management$734,502$47,729-$782,231
Other Employee Benefits$481,782$60,437-$542,219
Payroll Taxes$402,954$59,242-$462,196
Current Officers, Directors, Trustees, and Key Employees$141,770$149,953-$291,723
Pension Plan Contributions$254,622$24,152-$278,774
Office Expenses$211,277$16,201-$227,478
Information Technology$211,018$7,148-$218,166
Fees for Services Other$201,610$15,680-$217,290
All Other Expenses$75,504$12,303-$87,807
Other Expenses$47,260$11,809-$59,069
Insurance$52,126$3,387-$55,513
Fees for Services Accounting-$20,762-$20,762
Depreciation Depletion$9,853$640-$10,493
Fees for Services Legal$619$40-$659
Total Functional Expenses$8,216,437$970,815$0$9,187,252

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,187,252
Total Expenses per Audited Statements$9,187,252
Total Expenses per Form 990$9,187,252
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entities$188,088
Due to Nyc Department of Education$62,663
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 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 mbaf cpa's, llc, an independent accounting firm, based on information provided by the director of finance of the cmo organization contracted by ams ii. The coo, director of finance, and controller of the cmo reviews the draft document. In addition, a copy of the draft is sent to the school's principal and members of the school's board of trustees.

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

Upon acceptance of employment, employees sign acknowledging receipt of and compliance with the employee guidelines which states explicitly that employees cannot engage in activities which present a conflict of interest for the school. Potential/real conflicts are reviewed by the coo and principal of the school and the coo of the cmo organization and resolved. Employees are not permitted to continue activities that pose a real conflict. Before each board 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. All conflicts are handled on a case by case basis.

Form 990, Part VI, Section B, Line 15

Salary compensation for the principal, assistant principals, and coo is determined and approved by the board trustees and the cmo. In determining compensation, the board and cmo will refer to published salary surveys and independent research as deemed necessary.

Form 990, Part VI, Section C, Line 19

Upon request, the school makes available to the public its governing documents, conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

Filer Name
New Visions Charter High School for
EIN
45-4659946
Phone
7186653671
Address
205 EAST 42ND STREET 4TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Nancy Grossman
Title
Board Chair
Phone
7186653671
Signed
2020-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Spiridoula Manessis
Formed
2012
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
102
Volunteers
12

Preparer

Firm
Mbaf Cpas LLC
Address
600 THIRD AVENUE, NEW YORK, NY 10016
Preparer
Marc Taub
Phone
2125761400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

The school follows the accounting standard for uncertainty in income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, disclosure and transition. The school files informational returns in the federal jurisdiction. With few exceptions, the school is no longer subject to federal income tax examinations for fiscal years before 2016. The school believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. Management believes that its nonprofit status would be sustained upon examination. Should there be interest on underpayments of income tax, the school would classify it as "interest expense." the school would classify penalties in connection with underpayments of income tax as "other expense."

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER THRU JUNE 2019
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASSOCIATE DIR OF SCHOOL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14TEACHER - SPECIAL EDUCATION
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07148
IRS990/InformationTechnologyGrp/ProgramServicesAmt0211018
IRS990/InformationTechnologyGrp/TotalAmt0218166
IRS990/InsuranceGrp/ManagementAndGeneralAmt03387
IRS990/InsuranceGrp/ProgramServicesAmt052126
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0NEW VISIONS CHARTER HIGH SCHOOL FOR ADVANCED MATH AND SCIENCE II (AMS II) ENDEAVORS TO EXTEND EQUALLY TO PROVIDE ALL STUDENTS; REGARDLESS OF THEIR PREVIOUS ACADEMIC HISTORY, WITH THE HIGHEST QUALITY EDUCATION IN AN ATMOSPHERE OF RESPECT, RESPONSIBILITY AND SAFETY.
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt02320
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt060437
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0481782
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0542219
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09292
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111809
IRS990/OtherExpensesGrp/ProgramServicesAmt0233038
IRS990/OtherExpensesGrp/ProgramServicesAmt198915
IRS990/OtherExpensesGrp/ProgramServicesAmt2106868
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IRS990/OtherExpensesGrp/TotalAmt1108207
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt072532
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt075328
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0254622
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0335751
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0SPIRIDOULA MANESSIS
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IRS990/QuidProQuoContributionsInd00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05512
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0271200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276712
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09187252
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09143
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1188088
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NYC DEPARTMENT OF EDUCATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED ENTITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09925748
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS FOR FISCAL YEARS BEFORE 2016. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. SHOULD THERE BE INTEREST ON UNDERPAYMENTS OF INCOME TAX, THE SCHOOL WOULD CLASSIFY IT AS "INTEREST EXPENSE." THE SCHOOL WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENTS OF INCOME TAX AS "OTHER EXPENSE."
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt09187252
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IRS990ScheduleD/TotalRevenuePerForm990Amt09925748
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09187252
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01

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