Nonprofit · EIN 22-1487270
TRUSTEES OF NEWARK ACADEMY
Tax-exempt · LIVINGSTON, NJ 07039
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $45,705,961 | $41,827,783 | $3,878,178 | $132,738,812 | $14,564,939 | $118,173,873 |
| June 30, 2024 | 990 | $44,405,009 | $39,648,108 | $4,756,901 | $123,655,235 | $13,971,486 | $109,683,749 |
| June 30, 2023 | 990 | $40,038,806 | $36,594,725 | $3,444,081 | $113,056,418 | $13,228,856 | $99,827,562 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,184,919
- Program service revenue
- $38,225,266
- Investment income
- $2,429,827
- Net rental income
- $665,264
- Net gain from sales of assets
- $206,800
- Net income from sales of inventory
- $79
- Other revenue
- $865,949
Expenses
- Grants and similar amounts paid
- $4,382,718
- Compensation of officers, directors and key employees
- $2,029,975
- Other salaries and wages
- $15,559,667
- Salaries, compensation and benefits (total)
- $23,889,611
- Professional fundraising fees
- $0
- Occupancy
- $756,862
- Depreciation
- $1,894,759
- Program services (functional)
- $31,870,666
- Management and general (functional)
- $8,888,067
- Fundraising (functional)
- $1,069,050
Balance sheet and other
- Total assets, start of year
- $123,655,235
- Total assets, end of year
- $132,738,812
- Total liabilities, end of year
- $14,564,939
- Net assets, end of year
- $118,173,873
- Land, buildings and equipment
- $40,072,012
- Publicly traded securities
- $55,437,436
- Net assets without donor restrictions
- $59,914,072
- Net assets with donor restrictions
- $58,259,801
- Gross receipts
- $47,238,978
- Employees
- 341
- Volunteers
- 85
- Year formed
- 1774
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD M AUSTIN | BOARD MEMBER/HEAD OF SCHOOL Trustee or director, Officer | 60 | $681,122 | $104,268 |
| SAMUEL GOLDFISCHER | DIRECTOR OF BUSINESS & FIN Key employee | 50 | $336,657 | $67,406 |
| THOMAS ASHBURN | MIDDLE SCHOOL PRINCIPAL Key employee | 50 | $256,485 | $30,164 |
| ROSE MCSWEEN | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $222,960 | $26,642 |
| LOUIS SCERRA | CHIEF STRATEGY OFFICER Key employee | 40 | $182,989 | $55,429 |
| NANCY CELENTE | ASST. HEAD OF SCHOOL FOR TEACHING Key employee | 40 | $176,943 | $48,031 |
| CATHY ATWELL | US PRINCIPAL Highest-paid employee | 40 | $168,883 | $46,995 |
| RICHARD DIBIANCA | TEACHER Highest-paid employee | 40 | $161,514 | $49,005 |
| KERRY WINIARSKI | DIRECTOR OF COLLEGE COUNSELING Highest-paid employee | 40 | $153,438 | $53,537 |
| MARGARET GALVIN SCOTT | DIRECTOR OF UPPER SCHOOL STUDENT LIFE Highest-paid employee | 40 | $150,559 | $20,653 |
| SETH LIEBERMAN | ATHLETIC DIRECTOR Highest-paid employee | 40 | $141,994 | $13,188 |
| REBECCA FREED BOG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILWOOD HOBBS JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA BUDZIAK | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| RASHEEA S WILLIAMS HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL W CROLL | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ROBERT FINK | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT KUNZWEILER | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT MARCUS | TREASURER Trustee or director, Officer | 1 | $0 |
| ROHIT BAWA | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE G CETRULO | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARC SCHWARTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BASEL KAYYALI | BOARD MEMBER Trustee or director | 1 | $0 |
| LAUREN HEDVAT | BOARD MEMBER Trustee or director | 1 | $0 |
| WENDY SHORT BARTIE | BOARD MEMBER Trustee or director | 1 | $0 |
| KATY BURNS | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDER OPPER | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID CASTELBLANCO | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBRA CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID CRALL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN BESS | BOARD MEMBER Trustee or director | 1 | $0 |
| KALENAH WITCHER | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH WOODALL | BOARD MEMBER Trustee or director | 1 | $0 |
| AJAY DHANKHAR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD M AUSTIN | BOARD MEMBER/HEAD OF SCHOOL Trustee or director, Officer | 60 | $648,277 | $99,424 |
| SAMUEL GOLDFISCHER | DIRECTOR OF BUSINESS & FIN Highest-paid employee | 50 | $313,872 | $65,124 |
| ROSE MCSWEEN | CHIEF ADVANCEMENT OFFICER Highest-paid employee | 40 | $218,542 | $32,968 |
| THOMAS ASHBURN | MIDDLE SCHOOL PRINCIPAL Highest-paid employee | 50 | $223,332 | $26,389 |
| LOUIS SCERRA | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $166,675 | $54,532 |
| CATHERINE ATWELL | PRINCIPAL Highest-paid employee | 50 | $160,966 | $23,924 |
| DAVID CASTELBLANCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA BUDZIAK | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| SAMUEL W CROLL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROHIT BAWA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIKA ALZADON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBRA CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CRALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE G CETRULO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE D KENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAUREN HEDVAT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA FREED BOG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT FINK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RASHEEA S WILLIAMS HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORRAINE DIAS-SOTIRIOU NAPA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BASEL KAYYALI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT MARCUS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW KOGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN GUY-SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL ROCKOFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AJAY DHANKHAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILWOOD HOBBS JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA POWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH WOODALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KALENAH WITCHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD M AUSTIN | BOARD MEMBER/HEAD OF SCHOO Trustee or director, Officer | 60 | $623,861 | $94,604 |
| SAMUEL GOLDFISCHER | DIRECTOR OF BUSINESS & FIN Highest-paid employee | 50 | $301,406 | $62,495 |
| THOMAS ASHBURN | MIDDLE SCHOOL PRINCIPAL Highest-paid employee | 50 | $214,442 | $55,959 |
| RICHARD DIBIANCA | PRINCIPAL Highest-paid employee | 50 | $190,762 | $47,666 |
| NANCY CELENTE | DIRECTOR OS SUMMER PROGRAM Highest-paid employee | 40 | $179,448 | $50,073 |
| ROSE MCSWEEN | CHIEF ADVANCEMENT OFFICER Highest-paid employee | 40 | $189,906 | $30,709 |
| DAVID CASTELBLANCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA BUDZIAK | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| SAMUEL W CROLL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROHIT BAWA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIKA ALZADON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBRA CAPLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CRALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BESS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE G CETRULO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WAYNE D KENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAUREN HEDVAT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA FREED BOG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT FINK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RASHEEA S WILLIAMS HALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH MUMFORD NAPA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA TASSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT MARCUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREW KOGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN GUY-SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL ROCKOFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AJAY DHANKHAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILWOOD HOBBS JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA POWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VALERIE RADWANER VIRANY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH WOODALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KALENAH WITCHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 91 S ORANGE AVE, LIVINGSTON, NJ 07039-4901
- In care of
- % SAM GOLDFISCHER
- Principal officer (990 for 2024)
- DONALD M AUSTIN, 91 SOUTH ORANGE AVENUE, LIVINGSTON, NJ 07039
- Signed the 990
- SAM GOLDFISCHER, DIRECTOR OF BUSINESS
- Phone
- (973) 992-7000
- Website
- WWW.NEWARKA.EDU
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
NEWARK ACADEMY WILL CONTRIBUTE TO SOCIETY THOUGHTFUL AND COMPASSIONATE CITIZENS WHO EMBRACE THEIR RESPONSIBILITIES AS ETHICAL, INTELLECTUAL AND CIVIC STEWARDS IN THE GLOBAL ENVIRONMENT.
Program accomplishments
- NEWARK ACADEMY (THE "ACADEMY") IS AN INDEPENDENT SCHOOL LOCATED IN LIVINGSTON, NJ THAT OFFERS AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM TO A STUDENT BODY COMPOSED OF DIVERSE, MULTI-CULTURAL, INTERNATIONAL GROUP OF YOUNG PEOPLE. TUITION REPRESENTS THE ACADEMY'S PRIMARY SOURCE OF REVENUE.Expenses $31,870,666 · grants $4,382,718 · revenue $38,425,872
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1487270
- 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
- 1938
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24I)
- Assets (IRS master file)
- $132,738,812
- Income (IRS master file)
- $47,238,978
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $45,705,961 | $41,827,783 | $132,738,812 | IRS |
| 990 | June 2024 | $44,405,009 | $39,648,108 | $123,655,235 | IRS |
| 990 | June 2023 | $40,038,806 | $36,594,725 | $113,056,418 | XML |
| 990 | June 2022 | $41,225,502 | $30,603,331 | $107,399,722 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 22-1487270).
Questions about TRUSTEES OF NEWARK ACADEMY
- What is the EIN of TRUSTEES OF NEWARK ACADEMY?
- The employer identification number (EIN) of TRUSTEES OF NEWARK ACADEMY is 22-1487270.
- Is TRUSTEES OF NEWARK ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to TRUSTEES OF NEWARK ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF NEWARK ACADEMY 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 TRUSTEES OF NEWARK ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUSTEES OF NEWARK ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TRUSTEES OF NEWARK ACADEMY?
- The 990 for the year ended June 30, 2025 names DONALD M AUSTIN.
- Who are the officers and directors of TRUSTEES OF NEWARK ACADEMY?
- The 990 for the year ended June 30, 2025 lists 34 people; 11 received compensation from the organization, the highest $681,122 (DONALD M AUSTIN, BOARD MEMBER/HEAD OF SCHOOL).
- How much revenue does TRUSTEES OF NEWARK ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $45,705,961, expenses of $41,827,783 and total assets of $132,738,812 at year end.
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