THE NEW COMMUNITY SCHOOL FOUNDATION

EIN: 540973221 501(c)(3)

RICHMOND, VA

Total Revenue
$9,380,276
Total Expenses
$9,614,180
Total Assets
$25,864,544
Net Assets
$23,918,882
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
VA
Principal Officer
NANCY FOY
Phone
8042662494
Tax Period
2024-07-01 to 2025-06-30

THE NEW COMMUNITY SCHOOL FOUNDATION, founded in 1974, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2019. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 17% operating margin.

Mission

THE NEW COMMUNITY SCHOOL EMPOWERS BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. THE INNOVATIVE AND RESEARCH-BASED COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND TO FOSTER ACADEMIC AND PERSONAL STREGTHS - IGNITING THE PASSIONS AND GIFTS OF UNIQUE MINDS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,240,907
Program Service Revenue $7,752,711
Investment Income $347,311
Other Revenue $39,347
TOTAL REVENUE $9,380,276

Expense Breakdown

Grants Paid $1,133,287
Salaries & Benefits $6,317,113
Fundraising Expenses $511,610
Program Expenses $7,941,951
Other Expenses $2,163,780
TOTAL EXPENSES $9,614,180

Year-over-Year Comparison

2024 2023 Change
Revenue $9,380,276 $9,302,148 +0.0%
Expenses $9,614,180 $8,355,408 +0.2%
Net Income $-233,904 $946,740 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
98
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$511,933
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA SURGNER PRESIDENT 1.00
Officer Director
$0 $0 $0
PETTUS LECOMPTE VICE PRESIDE 1.00
Officer Director
$0 $0 $0
CORYNNE ARNETT PRES. ELCT/T 1.00
Officer Director
$0 $0 $0
AMANDA AGHDAMI SECRETARY 1.00
Officer Director
$0 $0 $0
PETE SCHROCK TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BLAND TRUSTEE 1.00
Director
$0 $0 $0
TRACEY BOSEMAN TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN DENLEA TRUSTEE 1.00
Director
$0 $0 $0
TOBY DESCH TRUSTEE 1.00
Director
$0 $0 $0
MARK GOTTWALD TRUSTEE 1.00
Director
$0 $0 $0
FRANK HARGROVE III TRUSTEE N/A
Director
$0 $0 $0
VIRGINIA MCANDREW TRUSTEE 1.00
Officer Director
$0 $0 $0
GEORGE MCVEY TRUSTEE 1.00
Director
$0 $0 $0
TREY PRUITT TRUSTEE 1.00
Director
$0 $0 $0
BRUDE STOEVER TRUSTEE 1.00
Director
$0 $0 $0
NANCY FOY HEAD OF SCHO 50.00
Officer
$220,099 $26,533 $246,632
SCOTT BRAY ASSOC HEAD O 50.00
Officer
$112,455 $16,123 $128,578
JOY BUZZARD DIR. FINANCE 50.00
Officer
$120,423 $16,300 $136,723
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,380,276 $9,614,180 $25,864,544 $-233,904
2024 $9,302,148 $8,355,408 $24,908,486 $946,740
2023 $8,326,208 $7,934,689 $24,474,453 $391,519
2022 $8,465,673 $7,026,971 $23,560,942 $1,438,702
2021 $10,526,433 $6,544,800 $22,490,618 $3,981,633
2020 $7,207,865 $6,016,127 $17,741,262 $1,191,738
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