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Financials

Statement of Activities

Year ended June 30, 2016


Revenue

Government $11,070,846 30%
Corporations $256,782 1%
Foundations $8,934,132 24%
Individuals $11,631,429 31%
Other $5,135,879 14%

Total Revenue

$37,029,068

100%

 

Expenses

Program Services:    
     School Creation $5,786,023 22%
     School Support $8,419,709 32%
     Teacher & Leadership Development $7,382,911 28%
     Policy Research & Innovation
 
      $1,301,835
$22,890,477
5%
 

Supporting Services:
   
     Management & General $2,858,248 11%
     Fundraising $620,794 2%

Total Expenses

$26,369,519

100%

 

*In accordance with generally accepted accounting principles, New Visions records contributions as revenue in the year in which they are committed even if the funds are not received. Expenditures are recorded in the year in which they are incurred.