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Nonprofit · EIN 04-2470070

NEWTOWNE SCHOOL INCORPORATED

Tax-exempt · CAMBRIDGE, MA 02138

Financials

$1.2M$1.2M2022$1.3M$1.4M2023$1.7M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of NEWTOWNE SCHOOL INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$1,657,254$1,605,937$51,317$1,231,843$434,540$797,303
August 31, 2024990$1,313,459$1,429,756-$116,297$1,139,034$393,048$745,986
August 31, 2023990$1,238,698$1,239,385-$687$1,242,830$380,547$862,283
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$194,001
Program service revenue
$1,421,960
Investment income
$41,293
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$245,294
Other salaries and wages
$842,131
Salaries, compensation and benefits (total)
$1,314,949
Professional fundraising fees
$0
Legal fees
$4,235
Accounting fees
$91,600
Occupancy
$61,074
Program services (functional)
$1,349,863
Management and general (functional)
$249,281
Fundraising (functional)
$6,793

Balance sheet and other

Total assets, start of year
$1,139,034
Total assets, end of year
$1,231,843
Total liabilities, end of year
$434,540
Net assets, end of year
$797,303
Net assets without donor restrictions
$790,474
Net assets with donor restrictions
$6,829
Gross receipts
$1,657,254
Employees
23
Volunteers
60
Year formed
1970
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CAITLIN MALLOYEXECUTIVE DI
Trustee or director
40$106,934
KAREN KORNALUMNI CHAIR
Trustee or director
20$74,300
VAIDEHI DESAITEACHER
Trustee or director
40$70,460
SAM LIPTAKTEACHER
Trustee or director
40$67,900
RICARDO AGUIRRETREASURER
Trustee or director, Officer
3$0
ELIZABETH DORANEXEC. VICE P
Trustee or director, Officer
1$0
SARAH FOYENROLLMENT C
Trustee or director
1$0
LAURA GOSSETVICE PRESIDE
Trustee or director, Officer
1$0
RON GRADYDIRECTOR
Trustee or director
1$0
BRUCE JOHNSONDIRECTOR
Trustee or director
1$0
KELLY KULSRUDPRESIDENT
Trustee or director, Officer
8$0
TOM MUSCOLOFUNDRAISING
Trustee or director
1$0
MICHAEL RAE-GRANTSECRETARY
Trustee or director, Officer
1$0
990 for the year ended August 31, 2024: 13 people
NameTitleHours / weekCompensation
CAITLIN MALLOYEXECUTIVE DI
Trustee or director
40$102,547
VAIDEHI DESAITEACHER
Trustee or director
40$68,220
MAGGIE OLIVERTEACHER
Trustee or director
40$62,669
RICARDO AGUIRREDIRECTOR
Trustee or director
1$0
ELIZABETH DORANVICE PRESIDE
Trustee or director, Officer
1$0
LAURA GOSSETSECRETARY
Trustee or director, Officer
1$0
RON GRADYDIRECTOR
Trustee or director
1$0
DAVID GREENBERGVICE PRESIDE
Trustee or director, Officer
1$0
BRUCE JOHNSONDIRECTOR
Trustee or director
1$0
KAREN KORNDIRECTOR
Trustee or director
20$0
KELLY KULSRUDPRESIDENT
Trustee or director, Officer
8$0
GUILLERMO MARXTREASURER
Trustee or director, Officer
3$0
LIZZIE POIRIERDIRECTOR
Trustee or director
1$0
990 for the year ended August 31, 2023: 12 people
NameTitleHours / weekCompensation
CAITLIN MALLOYEXECUTIVE DI
Trustee or director
40$98,735
HOLLY JANSSENTEACHER
Trustee or director
40$66,237
MAGGIE OLIVERTEACHER
Trustee or director
40$58,740
JAY DAVETREASURER
Trustee or director, Officer
3$0
ELIZABETH DORANVICE PRESIDE
Trustee or director, Officer
1$0
RON GRADYDIRECTOR
Trustee or director
1$0
DAVID GREENBERGVICE PRESIDE
Trustee or director, Officer
1$0
AUDREY GUTFREUNDPRESIDENT
Trustee or director, Officer
3$0
BRUCE JOHNSONDIRECTOR
Trustee or director
1$0
KATI KOTRCDIRECTOR
Trustee or director
1$0
AMANDA SCHMIDTDIRECTOR
Trustee or director
1$0
MEGAN TEODOSIOSECRETARY
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
11 GARDEN ST, CAMBRIDGE, MA 02138-3605
Principal officer (990 for 2024)
RICARDO AGUIRRE, 11 GARDEN STREET, CAMBRIDGE, MA 02138
Signed the 990
RICARDO AGUIRRE, TREASURER
Phone
(857) 829-1014
Return prepared by
MATTHEW J BERNIER CPA LLC

Mission

TO ESTABLISH AND MAINTAIN A HIGH QUALITY COOPERATIVE SCHOOL PROGRAM FOR THE FULL GROWTH AND DEVELOPMENT OF PRESCHOOL CHILDREN.

990 for the year ended August 31, 2025

Program accomplishments

  • THE CHARGING OF TUITION INCOME AND FEES ALLOWS THE SCHOOL TO PAY RELATED DIRECT EXPENSES. ALLOWING FOR SOME MINOR CAMPAIGN AND FUNDRAISING EXPENSES, THE SCHOOL IS ABLE TO APPLY PRINCIPALLY 100% OF EACH DOLLAR EARNED TO PROGRAM SERVICES.
    Expenses $1,349,863 · revenue $1,421,960

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
04-2470070
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,231,843
Income (IRS master file)
$1,657,254

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$1,657,254$1,605,937$1,231,843XML
990August 2024$1,313,459$1,429,756$1,139,034XML
990August 2023$1,238,698$1,239,385$1,242,830XML
990August 2022$1,244,744$1,056,517$1,237,930IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2470070).

Questions about NEWTOWNE SCHOOL INCORPORATED

What is the EIN of NEWTOWNE SCHOOL INCORPORATED?
The employer identification number (EIN) of NEWTOWNE SCHOOL INCORPORATED is 04-2470070.
Is NEWTOWNE SCHOOL INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to NEWTOWNE SCHOOL INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEWTOWNE SCHOOL INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEWTOWNE SCHOOL INCORPORATED due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEWTOWNE SCHOOL INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of NEWTOWNE SCHOOL INCORPORATED?
The 990 for the year ended August 31, 2025 names RICARDO AGUIRRE.
Who are the officers and directors of NEWTOWNE SCHOOL INCORPORATED?
The 990 for the year ended August 31, 2025 lists 13 people; 4 received compensation from the organization, the highest $106,934 (CAITLIN MALLOY, EXECUTIVE DI).
How much revenue does NEWTOWNE SCHOOL INCORPORATED have?
On its 990 for the year ended August 31, 2025 it reported revenue of $1,657,254, expenses of $1,605,937 and total assets of $1,231,843 at year end.

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