Nativity Preparatory School New Bedford Inc
Nativity Preparatory School New Bedford Inc
EIN: 04-3501206
as of September 2023
as of September 18, 2023
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
2000
Head of School
Jay Goldrick
Main address
66 SPRING ST
NEW BEDFORD, MA 02740 USA
EIN
04-3501206
Educational management
Middle school education
Education services
Elementary education
Population served
Preteen boys
Adolescent boys
Ethnic and racial groups
Immigrants and migrants
Economically disadvantaged people
NTEE code
Primary/Elementary Schools (B24)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
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.
Where we work
Affiliations & memberships
International Boys School Coalition 2018
National Association of Independent Schools 2018
External reviews
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
-
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
Revenue vs. expenses: breakdown
Liquidity in 2022 info
6.89
Months of cash in 2022 info
7.4
Fringe rate in 2022 info
28%
Funding sources info
Assets & liabilities info
Financial data
Nativity Preparatory School New Bedford Inc
Revenue & expensesFiscal Year: Jul 01 - Jun 30
Nativity Preparatory School New Bedford Inc
Balance sheetFiscal Year: Jul 01 - Jun 30
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.
Nativity Preparatory School New Bedford Inc
Financial trends analysis Glossary & formula definitionsFiscal Year: Jul 01 - Jun 30
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.
Created in partnership with
Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $544,446 | $1,019,479 | $146,247 | $418,708 | $253,990 |
| As % of expenses | 54.4% | 107.2% | 15.7% | 43.8% | 22.9% |
| Unrestricted surplus (deficit) after depreciation | $424,733 | $894,126 | -$6,855 | $250,108 | $93,440 |
| As % of expenses | 37.9% | 83.1% | -0.6% | 22.2% | 7.4% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $2,478,282 | $1,350,142 | $1,013,994 | $1,188,543 | $1,219,374 |
| Total revenue, % change over prior year | 128.0% | -45.5% | -24.9% | 17.2% | 2.6% |
| Program services revenue | 0.4% | 0.8% | 0.6% | 0.2% | 0.2% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Government grants | 0.0% | 0.0% | 0.0% | 9.1% | 21.1% |
| All other grants and contributions | 99.7% | 99.1% | 98.5% | 92.5% | 77.9% |
| Other revenue | -0.1% | 0.0% | 0.8% | -1.9% | 0.6% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $1,001,709 | $950,797 | $931,941 | $955,642 | $1,109,438 |
| Total expenses, % change over prior year | 8.4% | -5.1% | -2.0% | 2.5% | 16.1% |
| Personnel | 63.1% | 61.7% | 60.6% | 58.9% | 57.7% |
| Professional fees | 4.1% | 3.1% | 4.8% | 6.0% | 9.6% |
| Occupancy | 5.4% | 5.8% | 5.8% | 5.0% | 4.7% |
| Interest | 0.5% | 0.5% | 0.5% | 0.4% | 0.0% |
| Pass-through | 1.7% | 3.2% | 3.5% | 2.6% | 2.3% |
| All other expenses | 25.2% | 25.7% | 24.7% | 27.0% | 25.7% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $1,121,422 | $1,076,150 | $1,085,043 | $1,124,242 | $1,269,988 |
| One month of savings | $83,476 | $79,233 | $77,662 | $79,637 | $92,453 |
| Debt principal payment | $6,664 | $6,948 | $7,237 | $96,330 | $0 |
| Fixed asset additions | $228,897 | $980,111 | $203,517 | $251,897 | $0 |
| Total full costs (estimated) | $1,440,459 | $2,142,442 | $1,373,459 | $1,552,106 | $1,362,441 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 15.5 | 12.8 | 13.3 | 10.6 | 7.4 |
| Months of cash and investments | 15.5 | 12.8 | 13.3 | 10.6 | 7.4 |
| Months of estimated liquid unrestricted net assets | -18.5 | -19.1 | -20.3 | -18.9 | -15.0 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $1,295,628 | $1,013,845 | $1,032,966 | $848,029 | $687,321 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $453,446 | $286,167 | $142,168 | $87,794 | $279,978 |
| Gross land, buildings, equipment (LBE) | $3,433,498 | $4,342,687 | $4,546,050 | $4,667,029 | $4,799,270 |
| Accumulated depreciation (as a % of LBE) | 20.3% | 17.3% | 19.9% | 20.2% | 23.0% |
| Liabilities (as a % of assets) | 4.1% | 6.1% | 6.5% | 2.1% | 2.9% |
| Unrestricted net assets | $1,016,603 | $1,910,729 | $1,903,874 | $2,153,982 | $2,247,422 |
| Temporarily restricted net assets | $3,316,959 | $2,696,825 | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | N/A | N/A | N/A |
| Total restricted net assets | $3,316,959 | $2,696,825 | $2,632,631 | $2,446,824 | $2,302,770 |
| Total net assets | $4,333,562 | $4,607,554 | $4,536,505 | $4,600,806 | $4,550,192 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Head of School
Jay Goldrick
Number of employees
Source: IRS Form 990
Nativity Preparatory School New Bedford Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Nativity Preparatory School New Bedford Inc
Board of directorsas of 07/31/2023
Board of directors data
Rich Roller
Board leadership practices
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
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
Gender identity
Sexual orientation
Disability
Equity strategies
Last updated: 07/21/2023GuideStar 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
- 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.
- 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.
GuideStar Pro Reports
Report successfully added to your cart!
Want more data?
A GuideStar Pro report containing the following information is available for this organization:
- Email contact information
- Financial trends metrics for five most recent years 2022, 2021, 2020, 2019, 2018*
- Officer and/or Employee data for 2022, 2021, 2020, 2019, 2018
- Contractor and/or Paid Preparer data for 2022, 2021, 2020
- Board of Directors data for 2023
- *with the ability to download the data for 2022, 2021, 2020, 2019, 2018
Download it now for $125.
Need the ability to download nonprofit data and more advanced search options?Consider a Pro Search subscription.