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THE MISSION IS TO PROVIDE STUDENTS WITH THE ACADEMIC, SOCIAL AND EMOTIONAL FOUNDATIONS AND SKILLS NECESSARY TO BECOME HIGH ACHIEVING, SOCIALLY COMPETENT STEWARDS OF THEIR COMMUNITIES. THE FOUNDERS OF THE NEW FOUNDATIONS CHARTER SCHOOL WILL ENSURE A COMMITMENT TO LIFELONG LEARNING AND ACHIEVEMENT OF ALL OUR STUDENTS BY CREATING AN ATMOSPHERE OF CARING THAT PERVADES EVERY ASPECT OF SCHOOL LIFE, AND PROMOTES ATTACHMENT TO AND RESPONSIBILITY FOR ALL MEMBERS OF OUR SCHOOL COMMUNITY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$32M
Program Spending
68%
of total expenses go to program services
Total Contributions
$7.1M
Total Expenses
▼$31.6M
Total Assets
$40M
Total Liabilities
▼$41M
Net Assets
-$1.1M
Officer Compensation
→$273.9K
Other Salaries
$14.2M
Investment Income
$235.9K
Fundraising
▼$8,928
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $4.9M | Yes | 2025-12-16 |
| 2024 | Clean | Unmodified (Clean) | $7.2M | Yes | 2024-12-20 |
| 2023 | Clean | Unmodified (Clean) | $9.5M | Yes | 2024-02-08 |
| 2022 | Clean | Unmodified (Clean) | $5.1M | Yes | 2022-12-19 |
| 2021 | Clean | Unmodified (Clean) | $2.9M | Yes | 2021-12-13 |
| 2020 | Clean | Unmodified (Clean) | $2M | Yes | 2021-01-05 |
| 2019 | Clean | Unmodified (Clean) | $1.9M | Yes | 2020-01-07 |
| 2018 | Clean | Unmodified (Clean) | $1.9M | Yes | 2019-03-28 |
| 2017 | Clean | Unmodified (Clean) | $1.7M | Yes | 2018-03-12 |
| 2016 | Clean | Unmodified (Clean) | $1.7M | Yes | 2017-01-05 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $32M | $7.1M | $31.6M | $40M | -$1.1M |
| 2022IRS e-File | $28.9M | $9.4M | $28.3M | $40.6M | -$1.5M |
| 2021 | $23.2M | $2.9M | $20M | $18M | -$5.4M |
| 2020 | $21.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Christopher Zagacki | CEO | 40 | $184.9K | $0 | $89.1K | $273.9K |
| Kisha Thompson | Vice President | 2 | $0 | $0 | $0 | $0 |
| Karen Bowman | Secretary | 2 | $0 | $0 | $0 | $0 |
| Thomas Shirley | Treasurer | 2 | $0 | $0 | $0 | $0 |
| David Lambie | President | 2 | $0 | $0 | $0 | $0 |
Christopher Zagacki
CEO
$273.9K
Hrs/Wk
40
Compensation
$184.9K
Related Orgs
$0
Other
$89.1K
Kisha Thompson
Vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Karen Bowman
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Shirley
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Lambie
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Frances Daly | Principal | 40 | $138.1K | $0 | $44.7K | $182.7K |
| Sarnetta Sumner | Vice Principal | 40 | $112.5K | $0 | $64.6K | $177.1K |
| Rachel Sandhaus | Teacher | 40 | $110.8K | $0 | $64.7K |
Frances Daly
Principal
$182.7K
Hrs/Wk
40
Compensation
$138.1K
Related Orgs
$0
Other
$44.7K
Sarnetta Sumner
Vice Principal
$177.1K
Hrs/Wk
40
Compensation
$112.5K
Related Orgs
$0
Other
$64.6K
Rachel Sandhaus
Teacher
$175.5K
Hrs/Wk
40
Compensation
$110.8K
Related Orgs
$0
Other
$64.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Cindy Carey | Member | 2 | $0 | $0 | $0 | $0 |
| Lizette Olmeda | Member | 2 | $0 | $0 | $0 | $0 |
| Max Matthews | Member | 2 | $0 | $0 | $0 | $0 |
| Sheryl Perzel | Member | 2 | $0 | $0 | $0 | $0 |
Cindy Carey
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lizette Olmeda
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Max Matthews
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $1.9M |
| $18.8M |
| $14.8M |
| -$8.9M |
| 2019 | $20.1M | $1.7M | $18.8M | $12.8M | -$11.8M |
| 2018 | $18.9M | $1.7M | $19.1M | $13.1M | -$11.1M |
| 2017 | $17M | $1.6M | $17.2M | $14.2M | -$9.9M |
| 2016 | $16.1M | $1.6M | $16.2M | $10.4M | -$9.7M |
| 2015 | $14.8M | $1.5M | $15.2M | $10M | -$9.7M |
| 2014 | $14.6M | $869.7K | $13.6M | $6.1M | $4.5M |
| 2013 | $11.7M | $1.9M | $11.4M | $4.9M | $3.5M |
| 2012 | $10.5M | $10.2M | $9.9M | $4.3M | $3.1M |
| 2011 | $8.4M | $8M | $8M | $3.6M | $2.5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $175.5K |
| Christian Laurence | Special Education Director | 40 | $110K | $0 | $63.2K | $173.2K |
| Erin Herschberger | Principal | 40 | $120.8K | $0 | $38.5K | $159.4K |
Christian Laurence
Special Education Director
$173.2K
Hrs/Wk
40
Compensation
$110K
Related Orgs
$0
Other
$63.2K
Erin Herschberger
Principal
$159.4K
Hrs/Wk
40
Compensation
$120.8K
Related Orgs
$0
Other
$38.5K
Sheryl Perzel
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0