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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 88-4064070

NEW SCHOOLS FOR VIRGINIA

Tax-exempt · RICHMOND, VA 23226

Financials

$1.9M$275K2023$45$567K2024
Revenue Expenses · by fiscal year end
Financials of NEW SCHOOLS FOR VIRGINIA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$45$567,191-$567,146$1,075,901$22,095$1,053,806
December 31, 2023990$1,895,493$274,541$1,620,952$1,627,699$6,747$1,620,952
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$45
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$353,474
Salaries, compensation and benefits (total)
$370,196
Professional fundraising fees
$0
Travel
$3,284
Depreciation
$2,695
Program services (functional)
$455,408
Management and general (functional)
$95,419
Fundraising (functional)
$16,364

Balance sheet and other

Total assets, start of year
$1,627,699
Total assets, end of year
$1,075,901
Total liabilities, end of year
$22,095
Net assets, end of year
$1,053,806
Land, buildings and equipment
$1,563
Gross receipts
$45
Employees
4
Volunteers
0
Year formed
2022
State of legal domicile
VA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SARAH CRAIGFOUNDER
Trustee or director
40$150,954$9,640
DAVID ENDOMOFFICER
Officer
2$0$0
ANDREA ARCHEROFFICER
Officer
2$0$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
SARAH CRAIGFOUNDER
Trustee or director
40$113,846
DAVID ENDOMOFFICER
Officer
2$0
ANDREA ARCHEROFFICER
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 17950, RICHMOND, VA 23226-7950
In care of
% SARAH CRAIG
Mailing address (990-N for 2022)
1802 Bayberry Court Suite 401, Richmond VA 23226
Principal officer (990 for 2024)
SARAH CRAIG, 920 LIBBIE AVENUE 103, RICHMOND, VA 23226
Principal officer (990-N for 2022)
Sarah Craig, 1802 Bayberry Court Suite 401, Richmond VA 23226
Signed the 990
SARAH CRAIG, EXECUTIVE DIRECTOR
Phone
(804) 288-0135
Return prepared by
BRYAN BROTHERS INC

Mission

NEW SCHOOLS FOR VIRGINIA WORKS WITH PARENTS, STUDENTS, EDUCATORS AND THE COMMUNITY TO IMPROVE EDUCATIONAL OUTCOMES BY DESIGNING NEW SCHOOLS AND BY SUPPORTING EXISTING SCHOOLS TO IMPROVE OUTCOMES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE HARBOR SCHOOL. DURING 2024, NEW SCHOOLS FOR VIRGINIA SUBMITTED A PUBLIC CHARTER SCHOOL APPLICATION FOR THE HARBOR SCHOOL AND WORKED WITH THE VIRGINIA DEPARTMENT OF EDUCATION TO PREPARE IT FOR CONSIDERATION WHILE CONTINUING RESEARCH TO SUPPORT IT. THE HARBOR SCHOOL IS A PUBLIC CHARTER MIDDLE SCHOOL DESIGNED BY AND WITH RICHMOND FAMILIES FOR STUDENTS WHO HAVE NOT YET EXCELLED IN TRADITIONAL MODELS OF SCHOOL. IT IS A COMPETENCY-BASED, PERSONALIZED MODEL OF SCHOOL WHERE STUDENTS EXPERIENCE AUTHENTIC LEARNING, BOTH AT THEIR PACE AND IN COLLABORATIVE, MULTIDISCIPLINARY PROJECTS.
    Expenses $283,585
  • CIVIC EDUCATION. NEW SCHOOLS FOR VIRGINIA SEEKS TO UNDERSTAND VARIOUS PATHWAYS TO CREATE INNOVATIVE PUBLIC SCHOOLS AND THE PUBLIC INTEREST IN THEM. WE ALSO HOSTED EVENTS WITH SPEARKERS KNOWLEDGEABLE ABOUT INNOVATIVE SCHOOLS AND PUBLIC CHARTER SCHOOLS. WE HOSTED MEETINGS WITH DOZENS OF CIVIC LEADERS, PARENTS AND COMMUNITY MEMBERS TO GAIN INSIGHT FROM THEM REGARDING THE CURRENT STATE OF PUBLIC EDUCATION BASED ON THEIR EXPERIENCES.
    Expenses $154,552
  • SUPPORT FOR PATRICK HENRY SCHOOL FOR THE SCIENCES AND ART. PHSSA IS A PUBLIC CHARTER ELEMENTARY SCHOOL IN RICHMOND, VA. AS A PART OF THE PUBLIC SCHOOL DISTRICT, BUT ALSO HAVING INDEPENDENT OPERATIONS, PHSSA IS RESPONSIBLE TO TAKE CARE OF THEIR BUILDING AND OPERATIONS. NEW SCHOOLS FOR VIRGINIA PARTNERED WITH THE BOARD OF DIRECTORS AT PATRICK HENRY TO DEVELOP A CASE FOR SUPPORT FOR RENOVATING AND OPENING THEIR3RD FLOOR, AND TO OUTLINE A NEW STRATEGIC PLAN, RESULTING IN AN INITIAL SUBSTANTIAL INVESTMENT TOWARDS THAT RENOVATION.
    Expenses $15,104
  • OTHER SCHOOLS AND SCHOOL DESIGN
    Expenses $2,167

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-N for NEW SCHOOLS FOR VIRGINIA

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
88-4064070
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B90)
Assets (IRS master file)
$1,075,901
Income (IRS master file)
$45

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$45$567,191$1,075,901IRS
990December 2023$1,895,493$274,541$1,627,699XML
990-N for 2022
Officer: Sarah Craig
December 31, 2022≤ $50,000 receipts––e-Postcard

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 88-4064070).

Questions about NEW SCHOOLS FOR VIRGINIA

What is the EIN of NEW SCHOOLS FOR VIRGINIA?
The employer identification number (EIN) of NEW SCHOOLS FOR VIRGINIA is 88-4064070.
Is NEW SCHOOLS FOR VIRGINIA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to NEW SCHOOLS FOR VIRGINIA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW SCHOOLS FOR VIRGINIA file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of NEW SCHOOLS FOR VIRGINIA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW SCHOOLS FOR VIRGINIA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW SCHOOLS FOR VIRGINIA?
The 990 for the year ended December 31, 2024 names SARAH CRAIG.
Who are the officers and directors of NEW SCHOOLS FOR VIRGINIA?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $150,954 (SARAH CRAIG, FOUNDER).
How much revenue does NEW SCHOOLS FOR VIRGINIA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $45, expenses of $567,191 and total assets of $1,075,901 at year end.

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