New Schools for Virginia
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $45
- Spending
- $567,191
- Spent on programs
- 80%
- Reserves
- 22.3 months of spending
- Largest source of income
- investment income, 100%
- Employees
- 4
- Volunteers
- 0
- Highest pay
- $160,594, founder
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 38% of charities in its peer group (education, under $250k).
Reserves
35 of 35Spendable reserves would cover 22.3 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
0 of 15Spending exceeded income by 1260324% of income.
Income trend
0 of 15Income fell 100% on the year before.
Spending floor
15 of 1580% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 74 out of 100. Higher than 69% of charities in its peer group (education, under $250k).
Independent board
18 of 252 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $283,585 spent. 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.
- $154,552 spent. 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.
- $15,104 spent. 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.
- $2,167 spent. OTHER SCHOOLS AND SCHOOL DESIGN
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.