Civic Intelligence

New Roads School

EIN 95-4823489 • 501(c)3 • Santa Monica, CA

Profile

New roads school is an independent school in los angeles serving grades k-12. It was established in 1995 as a model for education in an ethnically, racially, culturally, and socio-economically diverse community. New roads rests upon several fundamental commitments: - development of a student population of social, economic, ethnic and racial diversity; - development of each student's full human potential;- academic excellence and excellence in the arts; - behaving responsibly and honorably as an institution;- serving the larger ecological and social community.

3131 Olympic BlvdSanta Monica, CA 90404

www.newroads.org

Siviq Scores

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

Liabilities / Assets

77th percentile

0.60x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.37x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

18th percentile

-7.7%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$409,451

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

18th percentile

-2.8%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$70,926,136

Down $2,073,681 (-2.8%) from 2023

Liabilities

Up

$42,735,497

Up $38,610 (+0.1%) from 2023

Net Assets

Down

$28,190,639

Down $2,112,291 (-7.0%) from 2023

Revenue

Up

$31,288,969

Up $3,291,315 (+12%) from 2023

Expenses

Down

$33,701,299

Down $84,090 (-0.2%) from 2023

Net Income

Up

-$2,412,330

Up $3,375,405 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $16,684,003Liabilities 2010: $7,733,403Net Assets 2010: $8,950,6002010Assets 2011: $39,392,735Liabilities 2011: $10,180,882Net Assets 2011: $29,211,8532011Assets 2012: $48,843,700Liabilities 2012: $17,435,130Net Assets 2012: $31,408,5702012Assets 2013: $56,188,488Liabilities 2013: $22,509,243Net Assets 2013: $33,679,2452013Assets 2014: $53,730,082Liabilities 2014: $20,691,620Net Assets 2014: $33,038,4622014Assets 2015: $54,415,526Liabilities 2015: $22,197,487Net Assets 2015: $32,218,0392015Assets 2016: $53,230,167Liabilities 2016: $21,877,559Net Assets 2016: $31,352,6082016Assets 2017: $53,078,529Liabilities 2017: $22,077,544Net Assets 2017: $31,000,9852017Assets 2018: $51,957,349Liabilities 2018: $21,441,415Net Assets 2018: $30,515,9342018Assets 2019: $50,051,877Liabilities 2019: $17,956,224Net Assets 2019: $32,095,6532019Assets 2020: $52,975,479Liabilities 2020: $20,482,740Net Assets 2020: $32,492,7392020Assets 2021: $53,999,181Liabilities 2021: $17,679,270Net Assets 2021: $36,319,9112021Assets 2022: $61,919,401Liabilities 2022: $24,901,930Net Assets 2022: $37,017,4712022Assets 2023: $72,999,817Liabilities 2023: $42,696,887Net Assets 2023: $30,302,9302023Assets 2024: $70,926,136Liabilities 2024: $42,735,497Net Assets 2024: $28,190,6392024

Highlighted filing

2024

Assets$70,926,136
Liabilities$42,735,497
Net Assets$28,190,639

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $18,660,3192010Expenses 2011: $20,774,3232011Expenses 2012: $21,210,0552012Expenses 2013: $20,943,7562013Revenue 2014: $23,216,981Expenses 2014: $23,852,522Net Income 2014: -$635,5412014Revenue 2015: $24,055,378Expenses 2015: $24,642,538Net Income 2015: -$587,1602015Revenue 2016: $23,863,052Expenses 2016: $24,542,875Net Income 2016: -$679,8232016Revenue 2017: $24,859,904Expenses 2017: $25,282,984Net Income 2017: -$423,0802017Revenue 2018: $23,799,320Expenses 2018: $24,288,684Net Income 2018: -$489,3642018Revenue 2019: $25,523,005Expenses 2019: $23,958,462Net Income 2019: $1,564,5432019Revenue 2020: $24,961,002Expenses 2020: $24,620,954Net Income 2020: $340,0482020Revenue 2021: $28,582,484Expenses 2021: $25,016,434Net Income 2021: $3,566,0502021Revenue 2022: $29,535,583Expenses 2022: $28,452,085Net Income 2022: $1,083,4982022Revenue 2023: $27,997,654Expenses 2023: $33,785,389Net Income 2023: -$5,787,7352023Revenue 2024: $31,288,969Expenses 2024: $33,701,299Net Income 2024: -$2,412,3302024

Highlighted filing

2024

Revenue$31,288,969
Expenses$33,701,299
Net Income-$2,412,330

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.9$42.7$28.2$31.3$33.7$2.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.0$42.7$30.3$28.0$33.8$5.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.9$24.9$37.0$29.5$28.5$1.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.0$17.7$36.3$28.6$25.0$3.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.0$20.5$32.5$25.0$24.6$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.1$18.0$32.1$25.5$24.0$1.56
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.0$21.4$30.5$23.8$24.3$0.49
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.1$22.1$31.0$24.9$25.3$0.42
2016Detailed filing. Detailed filing data is available for this year.$53.2$21.9$31.4$23.9$24.5$0.68
2015Detailed filing. Detailed filing data is available for this year.$54.4$22.2$32.2$24.1$24.6$0.59
2014Detailed filing. Detailed filing data is available for this year.$53.7$20.7$33.0$23.2$23.9$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.2$22.5$33.7$20.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$17.4$31.4$21.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$10.2$29.2$20.8
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$7.73$8.95$18.7
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 11, 2023
Return Version
2021v4.2
Gross Receipts
$29,542,332
Mission and Program Overview

Mission

New roads school is an independent school in los angeles serving grades k-12. It was established in 1995 as a model for education in an ethically, culturally, and socio-economically diverse community. New roads rests upon several fundamental commitments (see schedule o) (1) development of a student population of social, economic, ethnic, and racial diversity, (2) development of each student's full human potential, (3) academic excellence and excellence in the arts, (4) behaving responsibly and honorably as an institution, and (5) serving the larger ecological and social community.

To serve as a model for education in an ethnicaly and culturally diverse community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,534,594$49,362,796▲ $7,828,202
Cash and Non-Interest-Bearing Accounts$8,330,926$8,314,387▼ $16,539
Pledges and Grants Receivable$1,179,052$2,120,415▲ $941,363
Investments in Publicly Traded Securities$1,540,073$1,383,360▼ $156,713
Savings and Temporary Cash Investments$377,938$278,033▼ $99,905
Prepaid Expenses and Deferred Charges$802,734$244,219▼ $558,515
Accounts Receivable$206,592$188,919▼ $17,673
Total Assets$53,999,181$61,919,401▲ $7,920,220
Other Assets Total$27,272$27,272→ $0
Liabilities
Tax Exempt Bond Liabilities$10,700,796$14,184,081▲ $3,483,285
Mortgage Notes Payable Secured by Investment Property$3,715,678$7,200,000▲ $3,484,322
Deferred Revenue$1,906,217$1,964,420▲ $58,203
Accounts Payable and Accrued Expenses$1,292,674$1,494,706▲ $202,032
Other Liabilities$63,905$58,723▼ $5,182
Total Liabilities$17,679,270$24,901,930▲ $7,222,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,379,818$32,830,529▼ $549,289
Net Assets With Donor Restrictions$2,940,093$4,186,942▲ $1,246,849
Total Net Assets Fund Balance$36,319,911$37,017,471▲ $697,560
Total Liabilities and Net Assets / Fund Balance$53,999,181$61,919,401▲ $7,920,220

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,105,788$9,844,567$43,950,355
Land$13,012,841-$13,012,841
Leasehold Improvements$1,864,351$2,772,849$4,637,200
Equipment$379,816$836,440$1,216,256
Other Land Buildings$0$247,968$247,968

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,446,681$1,001,673▼ $331,288-$2,117,066
2020$1,145,923-▲ $300,758-$1,446,681
2019$1,126,759-▲ $74,397$55,233$1,145,923
2018$851,634$250,000▲ $67,430$42,305$1,126,759
2017$859,222-▲ $31,739$39,327$851,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Luthern WilliamsHead of SchoolFT$284,426$100,089$384,515
Ryan HawleyAssociate Head of SchoolFT$199,875$24,716$224,591
Eric EtheridgeDirector of FinanceFT$164,734$20,776$185,510
Jeffrey GuckertUpper School DirectorFT$172,626$10,594$183,220
Yoon Mi ChecchiDirector of Financial Aid and EnrollmentFT$132,159$15,734$147,893
Jemma KennedyMiddle School DirectorFT$125,153$16,299$141,452
Eric ClevelandUpper School Science TeacherFT$123,997$13,546$137,543

Board Members and Trustees

NameTitle
Justine Schreyer LewinChairwoman
Evelyn HouCommittee Vice Chair
Emily AlexanderVice Chairwoman
Andy RoseTrustee
Arik PrawerTrustee
Bryan BiniakTrustee
Erin WhalenTrustee
Glen KraemerTrustee
Isabel ArandaTrustee
Jason ParryTrustee
Lee FoxTrustee
Manali Shendrikar MdTrustee
Melissa RoweTrustee
Trish TorreyTrustee
Carlos Hernandez MphSecretary
Carlos SalasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Karas Security Services INCSecurity11844 W PICO BLVD STE 201, Los Angeles, CA 90064$235,156
Liebert Cassidy WhitmoreLegal Services6033 W CENTURY BLVD SUITE 500, Los Angeles, CA 90045$169,712
Revenue and Support

Revenue Composition

Contributions and Grants
$3,798,575
Program Service Revenue
$25,471,411
Investment Income
$71,368
Other Revenue
$194,229
All Other Contributions
$3,798,575
Change in Net Assets
$1,083,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,535,583
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-7,550,945
Total Revenue per Audited Statements
$21,984,638
Total Revenue per Form 990
$29,535,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,653,772
Grants and Similar Amounts Paid$7,112,339
Other Expenses$6,677,360
Total Fundraising Expense$1,422,359
Professional Fundraising Fees$8,614

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,719,382$1,180,785$679,417$11,579,584
Grants to Domestic Individuals$7,112,339--$7,112,339
Depreciation Depletion$1,388,982$196,091$49,023$1,634,096
Other Employee Benefits$973,860$85,267$123,871$1,182,998
Occupancy$950,471$131,956$39,207$1,121,634
Payroll Taxes$729,931$96,484$54,319$880,734
Interest$553,207$78,100$19,525$650,832
Current Officers, Directors, Trustees, and Key Employees$416,161$113,499$100,886$630,546
Fees for Services Other$446,993$98,613$50,282$595,888
Office Expenses$128,958$415,422$21,343$565,723
Pension Plan Contributions$296,402$53,644$29,864$379,910
Travel$260,487$4,707$2,254$267,448
Information Technology$70,495$159,718$27,314$257,527
Insurance$183,526$25,910$6,477$215,913
Advertising$25,440$91,347$48,348$165,135
Conferences and Meetings$58,804$6,040$5,628$70,472
Fees for Services Accounting-$60,450$4,550$65,000
Fees for Services Legal-$51,883$3,905$55,788
Other Expenses$12,775$24,673$11,060$35,733
All Other Expenses$9,317$9,731$295$19,343
Fees for Services Professional Fundraising--$8,614$8,614
Total Functional Expenses$23,984,788$3,044,938$1,422,359$28,452,085

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,452,085
Expenses per Audited Statements$21,287,078
Total Expenses per Audited Statements$21,287,078
Expenses Not Reported on Financial Statements$7,165,007
Other Expense Adjustments$7,165,007
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$8,614
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$58,723

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Enterprise Development Authority2019-06-28$15,450,0002019 series a and series b bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$15,460,000$11,225,179$799,028$259,821

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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

A draft of the form 990 is prepared by an independent cpa, is reviewed and approved by the cfo, head of school, and the executive committee. A copy of the form 990 is then provided to the entire board of directors prior to it being filed.

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

The conflict of interest (coi) policy is provided to each director and officer upon nomination or initial hire. Annually, a coi disclosure form is provided to each officer and director who each sign and return their form to the governance committee. The governance committee reviews each form and any noted conflicts are brought to the attention of the board president. All conflicts are then directed to the appropriate committee or brought before the entire board for disclosure and appropriate corrective action.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews and approves the compensation and benefits package of the head of school on an annual basis independently, without the participation of any interested person, using salary data from surveys of independent school resources, nais, cais, cal-isboa. A recommendation is presented to the executive committee for its review and approval, and the deliberation and decisions reached are documented. The head of school determines the compensation of the director of finance using salary data from surveys of independent school resources. Compensation increases for all other employees are calculated using the same percentage across the board as determined by the board of directors at the annual fall budget meeting.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
New Roads School
EIN
95-4823489
Phone
3108285582
Address
3131 OLYMPIC BLVD, SANTA MONICA, CA 90404

Signing Officer

Name
Eric Etheridge
Title
Director of Finance
Phone
3108285582
Signed
2023-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luthern Williams
Formed
1995
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
227
Volunteers
76

Preparer

Firm
Armanino Llp
Address
11766 WILSHIRE BLVD 9TH FLOOR, LOS ANGELES, CA 90025
Preparer
Katy Brown
Phone
3104784148
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of several individual funds established for a variety of purposes. Its endowment includes only donor-restricted endowment funds. As required by gaap, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.

PART X, LINE 2:

The school has evaluated its current tax positions and has concluded that as of june 30, 2022, the school does not have any significant uncertain tax positions for which a reserve would be necessary.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid -7,112,339. Fundraising expenses -52,668.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 7,112,339. Fundraising expenses 52,668.

Raw XML AppendixShowing 400 of 786 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SERVE AS A MODEL FOR EDUCATION IN AN ETHNICALY AND CULTURALLY DIVERSE COMMUNITY.
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IRS990/BooksInCareOfDetail/USAddress/CityNm0SANTA MONICA
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IRS990/DepreciationDepletionGrp/TotalAmt01634096
IRS990/Desc0IN AN AUTHENTICALLY DIVERSE COMMUNITY REFLECTIVE OF LOS ANGELES, DURING THE FISCAL YEAR ENDED JUNE 30, 2022 NEW ROADS PREPARED YOUNG PEOPLE FOR LIFE BY DEVELOPING IN THEM A PERSONAL DEDICATION TO LEARNING, A RESPECT FOR INDEPENDENT THINKING, AN EXPANDING CURIOSITY ABOUT THE WORLD AND ITS PEOPLE, AND A COMMITMENT TO THE COMMON GOOD.
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IRS990/MissionDesc0NEW ROADS SCHOOL IS AN INDEPENDENT SCHOOL IN LOS ANGELES SERVING GRADES K-12. IT WAS ESTABLISHED IN 1995 AS A MODEL FOR EDUCATION IN AN ETHNICALLY, CULTURALLY, AND SOCIO-ECONOMICALLY DIVERSE COMMUNITY. NEW ROADS RESTS UPON SEVERAL FUNDAMENTAL COMMITMENTS (SEE SCHEDULE O)(1) DEVELOPMENT OF A STUDENT POPULATION OF SOCIAL, ECONOMIC, ETHNIC, AND RACIAL DIVERSITY, (2) DEVELOPMENT OF EACH STUDENT'S FULL HUMAN POTENTIAL, (3) ACADEMIC EXCELLENCE AND EXCELLENCE IN THE ARTS, (4) BEHAVING RESPONSIBLY AND HONORABLY AS AN INSTITUTION, AND (5) SERVING THE LARGER ECOLOGICAL AND SOCIAL COMMUNITY.
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