GOLD2023

Nativity Preparatory School New Bedford Inc

NEW BEDFORD, MA   |  http://www.nativitynb.org
GuideStar Charity Check

Nativity Preparatory School New Bedford Inc

EIN: 04-3501206


Mission

Nativity Preparatory School New Bedford is an independent, tuition-free middle school for boys from low-income families in the New Bedford area. The school provides a challenging and supportive learning environment, where motivated students of all faiths are offered an intellectual, cultural, physical, and moral education. The goal is to graduate young men who are academically prepared for further education, inspired to lead their lives with humility, and dedicated to serving others.

Ruling year info

2000

Head of School

Jay Goldrick

Main address

66 SPRING ST

NEW BEDFORD, MA 02740 USA

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EIN

04-3501206

Subject area info

Educational management

Middle school education

Education services

Population served info

Preteen boys

Adolescent boys

Ethnic and racial groups

Immigrants and migrants

Economically disadvantaged people

Show more populations served

NTEE code info

Primary/Elementary Schools (B24)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Nativity Preparatory School

Nativity Preparatory School is an independent, tuition-free middle school that provides a comprehensive education tailored to serve boys of all faiths in grades 5 – 8 from economically-disadvantaged families in the Greater New Bedford area. Our program graduates young men who are confident, self-disciplined, intellectually ambitious, and socially and academically prepared for high school; young men who are ready to serve others and be positive citizens in life.

Population(s) Served
Children and youth
Multiracial people
People of African descent
People of European descent
People of Latin American descent

Where we work

Affiliations & memberships

International Boys School Coalition 2018

National Association of Independent Schools 2018

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The school aims to close the achievement gap for under resourced middle school boys ensuring they stay engaged in learning and graduate from high school and college and, ultimately, give back to their communities.

Nativity Preparatory School provides a rigorous, developmentally appropriate program for boys in grades 5-8. The school is small by design with classes ranging from 14-16 students. Students engage in the broader community through service learning opportunities as well as enrichment activities at other nonprofit organizations. There is a strong mentorship program and the alumni frequently come back to teach at their former middle school.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Nativity Preparatory School New Bedford Inc
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 Nativity Preparatory School New Bedford
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

7.43

Average of 4.63 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

7.8

Average of 10.1 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

30%

Average of 16% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Nativity Preparatory School New Bedford Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Nativity Preparatory School New Bedford Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Nativity Preparatory School New Bedford Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Nativity Preparatory School New Bedford Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $1,019,479 $146,247 $418,708 $253,990 $2,075,222
As % of expenses 107.2% 15.7% 43.8% 22.9% 174.9%
Unrestricted surplus (deficit) after depreciation $894,126 -$6,855 $250,108 $93,440 $1,897,543
As % of expenses 83.1% -0.6% 22.2% 7.4% 139.1%
Revenue composition info
Total revenue (unrestricted & restricted) $1,350,142 $1,013,994 $1,188,543 $1,219,374 $1,099,934
Total revenue, % change over prior year -45.5% -24.9% 17.2% 2.6% -9.8%
Program services revenue 0.8% 0.6% 0.2% 0.2% 0.2%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.1% 0.1% 0.1% 0.1%
Government grants 0.0% 0.0% 9.1% 21.1% 0.0%
All other grants and contributions 99.1% 98.5% 92.5% 77.9% 99.7%
Other revenue 0.0% 0.8% -1.9% 0.6% 0.0%
Expense composition info
Total expenses before depreciation $950,797 $931,941 $955,642 $1,109,438 $1,186,394
Total expenses, % change over prior year -5.1% -2.0% 2.5% 16.1% 6.9%
Personnel 61.7% 60.6% 58.9% 57.7% 54.1%
Professional fees 3.1% 4.8% 6.0% 9.6% 14.8%
Occupancy 5.8% 5.8% 5.0% 4.7% 5.3%
Interest 0.5% 0.5% 0.4% 0.0% 0.0%
Pass-through 3.2% 3.5% 2.6% 2.3% 0.4%
All other expenses 25.7% 24.7% 27.0% 25.7% 25.4%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $1,076,150 $1,085,043 $1,124,242 $1,269,988 $1,364,073
One month of savings $79,233 $77,662 $79,637 $92,453 $98,866
Debt principal payment $6,948 $7,237 $96,330 $0 $0
Fixed asset additions $980,111 $203,517 $251,897 $0 $0
Total full costs (estimated) $2,142,442 $1,373,459 $1,552,106 $1,362,441 $1,462,939

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 12.8 13.3 10.6 7.4 7.8
Months of cash and investments 12.8 13.3 10.6 7.4 7.8
Months of estimated liquid unrestricted net assets -19.1 -20.3 -18.9 -15.0 6.2
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $1,013,845 $1,032,966 $848,029 $687,321 $774,502
Investments $0 $0 $0 $0 $0
Receivables $286,167 $142,168 $87,794 $279,978 $5,978
Gross land, buildings, equipment (LBE) $4,342,687 $4,546,050 $4,667,029 $4,799,270 $4,878,503
Accumulated depreciation (as a % of LBE) 17.3% 19.9% 20.2% 23.0% 26.2%
Liabilities (as a % of assets) 6.1% 6.5% 2.1% 2.9% 2.4%
Unrestricted net assets $1,910,729 $1,903,874 $2,153,982 $2,247,422 $4,144,965
Temporarily restricted net assets $2,696,825 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $2,696,825 $2,632,631 $2,446,824 $2,302,770 $141,088
Total net assets $4,607,554 $4,536,505 $4,600,806 $4,550,192 $4,286,053

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Head of School

Jay Goldrick

Number of employees

Source: IRS Form 990

Nativity Preparatory School New Bedford Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Nativity Preparatory School New Bedford Inc

Board of directors
as of 12/12/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Rich Roller

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes

Organizational demographics

SOURCE: Self-reported; last updated 7/21/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Equity strategies

Last updated: 07/21/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.