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Filing year 2023

NEWARK ACADEMY

Livingston, New Jersey·EIN 22-1487270·NTEE B24I · Education·501(c)(3)
Total revenue
$44.4M
Total assets
$123.7M
Total expenses
$39.6M
Reported officers
31
Mission

NEWARK ACADEMY WILL CONTRIBUTE TO SOCIETY THOUGHTFUL AND COMPASSIONATE CITIZENS WHO EMBRACE THEIR RESPONSIBILITIES AS ETHICAL, INTELLECTUAL AND CIVIC STEWARDS IN THE GLOBAL ENVIRONMENT.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New Jersey.

Board Member/head of School
Officer (Unspecified)
$748k
$839k
Base
$648k
Bonus
Other
Benefits
$34k
Director of Business & Fin
Highest Compensated Employee
75th to 90th percentile
$379k
$425k
Base
$314k
Bonus
Other
Benefits
$28k
Chief Advancement Officer
Highest Compensated Employee
Median to 75th percentile
$252k
$282k
Base
$219k
Bonus
Other
Benefits
$21k
Middle School Principal
Highest Compensated Employee
Median to 75th percentile
$250k
$280k
Base
$223k
Bonus
Other
Benefits
$1k
Chief Strategy Officer
Highest Compensated Employee
Median to 75th percentile
$221k
$248k
Base
$167k
Bonus
Other
Benefits
$35k
Principal
Highest Compensated Employee
Median to 75th percentile
$185k
$207k
Base
$161k
Bonus
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 25 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at NEWARK ACADEMY equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 4%
from 2022

From $718k in 2022 to $748k in 2023.

$718k
2022
$748k
2023
In today's dollarsEst.
Roughly flat in real terms$837k to $839k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 4% from 2022 to 2023, while revenue rose 11%.

$364k in 2022 to $379k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NEWARK ACADEMY

What does the Highest Compensated Employee of NEWARK ACADEMY earn?

In 2023, the Highest Compensated Employee of NEWARK ACADEMY received $378,996 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among Education organizations in New Jersey, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at NEWARK ACADEMY compare with similar nonprofits?

Compared with the same role at Education organizations in New Jersey, the 2023 pay of the Highest Compensated Employee at NEWARK ACADEMY falls between the 75th and 90th percentiles. In 2023, the highest total compensation at NEWARK ACADEMY equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are NEWARK ACADEMY's revenue and expenses?

In 2023, NEWARK ACADEMY reported $44.4M in total revenue and $39.6M in total expenses on its IRS Form 990.

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