Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
NEWTOWN YOUTH ACADEMY INC
 
Number and street (or P.O. box number if mail is not delivered to street address)4 PRIMROSE STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWTOWN, CT06470
A Employer identification number

45-0547484
B Telephone number (see instructions)

(203) 426-0088
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,851,304J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 13,084
2 Check bullet.............
3 Interest on savings and temporary cash investments 59   59
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,365,115 0 1,365,115
12 Total. Add lines 1 through 11........ 1,378,258 0 1,365,174
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 0 0 0
14 Other employee salaries and wages...... 542,497 0 220,048 322,449
15 Pension plans, employee benefits....... 67,868 0 43,962 23,906
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 25,198 0 25,198 0
17 Interest............... 315,449 0 31,545 283,904
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment 231,363 0 231,363
20 Occupancy.............. 312,126 0 36,168 275,958
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 252,076 0 101,348 150,728
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,786,577 0 689,632 1,056,945
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,786,577 0 689,632 1,056,945
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -408,319
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 675,542
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 112,429 30,420 30,420
2 Savings and temporary cash investments......... 113,547 113,604 113,604
3 Accounts receivable bullet27,747
Less: allowance for doubtful accounts bullet   23,124 27,747 27,747
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet9,408,873
Less: accumulated depreciation (attach schedule) bullet3,298,679 6,323,789 Click to see attachment6,110,194 6,110,194
15 Other assets (describe bullet) Click to see attachment584,339 Click to see attachment569,339 Click to see attachment569,339
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,157,228 6,851,304 6,851,304
Liabilities 17 Accounts payable and accrued expenses.......... 124,536 139,367
18 Grants payable.................    
19 Deferred revenue................. 4,835 47,750
20 Loans from officers, directors, trustees, and other disqualified persons 511,737 Click to see attachment467,715
21 Mortgages and other notes payable (attach schedule)...... 5,039,818 5,128,489
22 Other liabilities (describe bullet) Click to see attachment248,609 Click to see attachment248,609
23 Total liabilities (add lines 17 through 22)......... 5,929,535 6,031,930
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,227,693 819,374
29 Total net assets or fund balances (see instructions)..... 1,227,693 819,374
30 Total liabilities and net assets/fund balances (see instructions). 7,157,228 6,851,304
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,227,693
2
Enter amount from Part I, line 27a .....................
2
-408,319
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
819,374
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
819,374
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletnyasportsfitness.com
    14
    The books are in care ofbulletThe Foundation Telephone no.bullet (203) 426-0088

    Located atbullet4 Primrose StreetNewtownCT ZIP+4bullet06470
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
    Yes
     
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Mary Conway Director
    30.00     		40,000 0 0
    10 Stone Gate Rd
    Sandy Hook,CT06482
    William Manfredonia Director
    1.00     		0 0 0
    18 Rd Monitor Hill
    Newtown,CT06470
    Francis Pennarola Director, Secretary
    1.00     		0 0 0
    17 Webster Avenue
    Newtown,CT06470
    Jenifer Vaughn Director
    1.00     		0 0 0
    61 Hatter Town Road
    Newtown,CT06470
    Stephen Conte Director
    1.00     		0 0 0
    c/o Mercutek LLC 153 S Main St
    Newtown,CT06470
    Salvatore D'Amico Director, President
    1.00     		0 0 0
    c/o NYA 4 Primrose St
    Newtown,CT06470
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Ian T Yorty Executive Director
    45.00     		60,458 1,817 1,200
    17 Greenfield Ave
    Ridgefield,CT06877
    Andrew Chimileski Fitness Director
    40.00     		56,094 1,693 1,200
    22 Walnut Tree Hill Road
    Sandy Hook,CT06482
    Felice Blanco Finance Director
    48.00     		44,192 1,357 1,200
    28 Philo Curtis Road
    Sandy Hook,CT06482
    Robert M Frangione Facility Director
    40.00     		38,510 0 1,200
    3 Webster Place
    Newtown,CT06470
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Providing indoor sports facility and programs to Newtown area youth and amateur sports teams and leagues. 1,056,945
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    127,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    127,000
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    127,000
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    112,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    15,000
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    750
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
    2007-08-21
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
    750 2,763 239 1,223 4,975
    b 85% (0.85) of line 2a ......... 638 2,349 203 1,040 4,229
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		1,056,945 671,550 894,862 755,348 3,378,705
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,056,945 671,550 894,862 755,348 3,378,705
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......   7,157,228 7,317,261 7,027,259 21,501,748
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		   7,157,228 7,317,261 7,027,259 21,501,748
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		        0
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 59  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPPP LOAN     		      121,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 121,059 1,244,115
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,365,174
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1a The Organization provides low cost indoor playing space to individual and athletic teams in the community in order to teach athletics and provide community activities for youth and young adults
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 CashDeemedCharitableExplnStmt
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Explanation:
    The foundation operates a sports facility that had over $1,325,000 in cash expenses for calendar year 2021 plus $19,000 in capital additions totaling $1,344,000. One-twelfth of that amount is $112,000 which the foundation keeps on hand to pay operating expenses.

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Desks, tables, chairs, sofa, furniture 2008-11-01 19,725 19,725 SL 7.000000000000 0 0 0  
    Defibrilator 2008-11-01 1,545 1,545 SL 7.000000000000 0 0 0  
    Signs 2008-11-01 1,192 1,192 SL 7.000000000000 0 0 0  
    Building - Demolition & Construction 2008-11-01 6,460,974 1,958,479 SL 40.000000000000 161,524 0 161,524  
    Fountain 2008-12-31 25,000 7,500 SL 40.000000000000 625 0 625  
    Software 2008-11-26 392 392 SL 3.000000000000 0 0 0  
    (5) Lenovo Thinkcenter A57 desktops 2008-11-26 3,275 3,275 SL 7.000000000000 0 0 0  
    (4) 22" Planars monitors 2008-11-26 1,180 1,180 SL 7.000000000000 0 0 0  
    HP7780 All in One Office Jet Printer 2008-11-12 550 550 SL 7.000000000000 0 0 0  
    3000 Series 1729 17" Touch Screen Monitor 2008-11-26 723 723 SL 7.000000000000 0 0 0  
    Computer 2008-12-19 1,998 1,998 SL 7.000000000000 0 0 0  
    EZ Facility Software 2008-11-06 900 900 SL 3.000000000000 0 0 0  
    Computer accessories & bundled software 2008-11-26 1,852 1,852 SL 7.000000000000 0 0 0  
    Preferred Computer Software 2008-12-19 2,006 2,006 SL 3.000000000000 0 0 0  
    KSA Exercise Equipment 2008-11-01 22,688 22,688 SL 7.000000000000 0 0 0  
    Fitness & gym room equipment 2008-11-01 194,631 194,631 SL 7.000000000000 0 0 0  
    Telephone/computer network system 2008-11-26 27,481 27,481 SL 7.000000000000 0 0 0  
    Audio/visual system 2008-11-01 15,380 15,380 SL 7.000000000000 0 0 0  
    Turf & field equipment 2008-11-21 156,340 156,340 SL 7.000000000000 0 0 0  
    Vacuum 2009-03-08 500 500 SL 7.000000000000 0 0 0  
    Window blinds 2009-09-11 920 920 SL 7.000000000000 0 0 0  
    Fireroad 2009-05-14 138,412 80,744 SL 20.000000000000 6,921 0 6,921  
    Overhead Doors Cable setup for turn area 2009-07-27 2,909 836 SL 40.000000000000 73 0 73  
    J&J Pools - Granite mountings fountain area 2009-09-19 620 181 SL 40.000000000000 16 0 16  
    Claris: $62,930 less $62,679 from Newtown 2009-07-18 251 69 SL 40.000000000000 6 0 6  
    Claris - toilet partitions partial payment 2009-05-14 5,640 1,639 SL 40.000000000000 141 0 141  
    Claris - as-built drawings 2009-07-01 1,310 378 SL 40.000000000000 33 0 33  
    Miscellaneous equipment for fitness center 2009-01-01 7,110 6,349 SL 7.000000000000 0 0 0  
    Apex Glass - Mirrors & Installation 2009-01-20 2,640 2,640 SL 7.000000000000 0 0 0  
    Custome Fountains - fountain work 2009-04-02 13,707 4,016 SL 40.000000000000 343 0 343  
    Elm Glade - back courtyard 2009-07-14 11,398 6,709 SL 20.000000000000 570 0 570  
    Elm Glade - plants, gravel, pavers 2009-07-14 7,086 4,071 SL 20.000000000000 354 0 354  
    Pond & Lake - Stainless brass pumb 2009-05-07 5,786 1,685 SL 40.000000000000 145 0 145  
    Roger Electric - Fountain fixtures/materials 2009-06-30 9,716 2,805 SL 40.000000000000 243 0 243  
    Addessi Fencing 2009-05-14 4,500 4,500 SL 7.000000000000 0 0 0  
    Addessi Fencing 2009-05-22 4,369 4,369 SL 7.000000000000 0 0 0  
    Twin Oaks - Data Conversion software 2009-04-09 600 600 SL 3.000000000000 0 0 0  
    American Express - software 2009-01-06 300 300 SL 3.000000000000 0 0 0  
    Twin Oaks - barcode reader 2009-08-05 307 307 SL 3.000000000000 0 0 0  
    Twin Oaks - software 2009-09-16 795 795 SL 3.000000000000 0 0 0  
    Preferred Computer - Microsoft Business Software 2009-10-20 872 872 SL 3.000000000000 0 0 0  
    Preferred Computer - Norton Anti Virus Software 2009-11-17 325 325 SL 3.000000000000 0 0 0  
    KSA Exercise Equipment 2009-03-08 1,102 1,102 SL 7.000000000000 0 0 0  
    Gym source - Yoga mats, d-bells, bars, etc 2009-02-11 1,395 1,395 SL 7.000000000000 0 0 0  
    Rehab Dimentions equipment 2009-01-06 590 590 SL 7.000000000000 0 0 0  
    Gym source - spin bike 2009-02-11 10,500 10,500 SL 7.000000000000 0 0 0  
    Total Communications - balance due on system 2009-01-27 7,915 7,915 SL 7.000000000000 0 0 0  
    American Express - Nets Scoreboard enterprises 2009-04-21 6,946 6,946 SL 7.000000000000 0 0 0  
    Protective screens 2009-01-15 2,020 2,020 SL 7.000000000000 0 0 0  
    Lindade Construction - Net & rope hanging design 2009-04-13 18,209 18,209 SL 7.000000000000 0 0 0  
    Winnick Steel - Custom hinges & goal supports 2009-03-19 2,600 2,505 SL 7.000000000000 0 0 0  
    Jaypro sports - Manual backstop winch 2009-02-13 1,326 1,245 SL 7.000000000000 0 0 0  
    J&J Pool & Concrete 2009-06-10 15,000 4,328 SL 40.000000000000 375 0 375  
    Robert Jacabacci - engraving of pavers 2009-10-17 1,105 617 SL 20.000000000000 55 0 55  
    Concrete patio fixtures 2009-05-26 8,259 8,162 SL 7.000000000000 0 0 0  
    Fitness center constructions 2010-07-19 196,576 51,788 SL 40.000000000000 4,914 0 4,914  
    Television 2010-07-07 795 795 SL 7.000000000000 0 0 0  
    Fountain 2010-05-30 618 160 SL 40.000000000000 15 0 15  
    Fieldhouse Equipment - Scoreboard Accessory 2010-08-27 88 88 SL 7.000000000000 0 0 0  
    fitness center equipment 2010-07-19 11,689 11,689 SL 7.000000000000 0 0 0  
    Fitness equipment acquisition 2011-02-23 25,661 25,661 SL 7.000000000000 0 0 0  
    Twin Oaks Software 2011-02-12 525 525 SL 3.000000000000 0 0 0  
    Portable backboards 2011-11-11 10,005 10,005 SL 7.000000000000 0 0 0  
    Temporary Turf 2011-08-14 13,892 13,892 SL 7.000000000000 0 0 0  
    Building Renovations 2012-11-01 1,066,596 217,268 SL 40.000000000000 26,665 0 26,665  
    Golf simulator 2012-12-31 18,942 17,596 SL 7.000000000000 0 0 0  
    Shower Doors 2013-03-01 5,105 2,649 SL 15.000000000000 340 0 340  
    Television 2013-09-20 400 400 SL 7.000000000000 0 0 0  
    Netting 2013-04-01 4,615 4,454 SL 7.000000000000 0 0 0  
    Scrubber 70 2013-02-22 17,066 13,513 SL 10.000000000000 1,707 0 1,707  
    S20 Sweeper 2013-02-22 34,283 27,139 SL 10.000000000000 3,428 0 3,428  
    Computer Hardware 2014-01-01 457 457 SL 5.000000000000 0 0 0  
    Television 2015-10-31 702 362 SL 10.000000000000 70 0 70  
    Television 2015-01-25 425 254 SL 10.000000000000 43 0 43  
    2 Rowers 2015-07-23 1,880 1,034 SL 10.000000000000 188 0 188  
    Power system / crown prints 2015-11-01 3,968 2,051 SL 10.000000000000 397 0 397  
    Front Desks Furniture 2016-02-01 1,500 1,052 SL 7.000000000000 214 0 214  
    Building & Building Improvements 2016-01-01 77,025 9,630 SL 40.000000000000 1,926 0 1,926  
    Computer Hardware 2016-02-05 1,535 1,509 SL 5.000000000000 26 0 26  
    Building - Adj Entry 2016-01-01 42,100 5,265 SL 40.000000000000 1,053 0 1,053  
    Fitness Equipment 2017-07-01 19,125 9,562 SL 7.000000000000 2,732 0 2,732  
    Computer Equipment 2019-01-01 1,552 532 SL 7.000000000000 222 0 222  
    Water Fountain 2019-01-01 1,068 54 SL 40.000000000000 27 0 27  
    Field house improvements 2019-06-30 503,053 25,520 SL 40.000000000000 12,576 0 12,576  
    Water pump - 2019 2019-06-30 10,555 506 SL 40.000000000000 264 0 264  
    HVAC - 2019 Improvements 2019-06-30 27,874 1,336 SL 40.000000000000 697 0 697  
    Field House Improvements 2020-01-01 55,075 1,377 SL 40.000000000000 1,377 0 1,377  
    Electrostatic Sprayer 2020-01-01 1,483 212 SL 7.000000000000 212 0 212  
    FITNESS EQUIPMENT 2021-09-15 17,768   SL 7.000000000000 846 0 846  

    TY 2021 LandEtcSchedule2
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Desks, tables, chairs, sofa, furniture 19,725 19,725 0 0
    Defibrilator 1,545 1,545 0 0
    Signs 1,192 1,192 0 0
    Building - Demolition & Construction 6,460,974 2,120,003 4,340,971 4,340,971
    Fountain 25,000 8,125 16,875 16,875
    Software 392 392 0 0
    (5) Lenovo Thinkcenter A57 desktops 3,275 3,275 0 0
    (4) 22" Planars monitors 1,180 1,180 0 0
    HP7780 All in One Office Jet Printer 550 550 0 0
    3000 Series 1729 17" Touch Screen Monitor 723 723 0 0
    Computer 1,998 1,998 0 0
    EZ Facility Software 900 900 0 0
    Computer accessories & bundled software 1,852 1,852 0 0
    Preferred Computer Software 2,006 2,006 0 0
    KSA Exercise Equipment 22,688 22,688 0 0
    Fitness & gym room equipment 194,631 194,631 0 0
    Telephone/computer network system 27,481 27,481 0 0
    Audio/visual system 15,380 15,380 0 0
    Turf & field equipment 156,340 156,340 0 0
    Vacuum 500 500 0 0
    Window blinds 920 920 0 0
    Fireroad 138,412 87,665 50,747 50,747
    Overhead Doors Cable setup for turn area 2,909 909 2,000 2,000
    J&J Pools - Granite mountings fountain area 620 197 423 423
    Claris: $62,930 less $62,679 from Newtown 251 75 176 176
    Claris - toilet partitions partial payment 5,640 1,780 3,860 3,860
    Claris - as-built drawings 1,310 411 899 899
    Miscellaneous equipment for fitness center 7,110 6,349 761 761
    Apex Glass - Mirrors & Installation 2,640 2,640 0 0
    Custome Fountains - fountain work 13,707 4,359 9,348 9,348
    Elm Glade - back courtyard 11,398 7,279 4,119 4,119
    Elm Glade - plants, gravel, pavers 7,086 4,425 2,661 2,661
    Pond & Lake - Stainless brass pumb 5,786 1,830 3,956 3,956
    Roger Electric - Fountain fixtures/materials 9,716 3,048 6,668 6,668
    Addessi Fencing 4,500 4,500 0 0
    Addessi Fencing 4,369 4,369 0 0
    Twin Oaks - Data Conversion software 600 600 0 0
    American Express - software 300 300 0 0
    Twin Oaks - barcode reader 307 307 0 0
    Twin Oaks - software 795 795 0 0
    Preferred Computer - Microsoft Business Software 872 872 0 0
    Preferred Computer - Norton Anti Virus Software 325 325 0 0
    KSA Exercise Equipment 1,102 1,102 0 0
    Gym source - Yoga mats, d-bells, bars, etc 1,395 1,395 0 0
    Rehab Dimentions equipment 590 590 0 0
    Gym source - spin bike 10,500 10,500 0 0
    Total Communications - balance due on system 7,915 7,915 0 0
    American Express - Nets Scoreboard enterprises 6,946 6,946 0 0
    Protective screens 2,020 2,020 0 0
    Lindade Construction - Net & rope hanging design 18,209 18,209 0 0
    Winnick Steel - Custom hinges & goal supports 2,600 2,505 95 95
    Jaypro sports - Manual backstop winch 1,326 1,245 81 81
    J&J Pool & Concrete 15,000 4,703 10,297 10,297
    Robert Jacabacci - engraving of pavers 1,105 672 433 433
    Concrete patio fixtures 8,259 8,162 97 97
    Fitness center constructions 196,576 56,702 139,874 139,874
    Television 795 795 0 0
    Fountain 618 175 443 443
    Fieldhouse Equipment - Scoreboard Accessory 88 88 0 0
    fitness center equipment 11,689 11,689 0 0
    Fitness equipment acquisition 25,661 25,661 0 0
    Twin Oaks Software 525 525 0 0
    Portable backboards 10,005 10,005 0 0
    Temporary Turf 13,892 13,892 0 0
    Building Renovations 1,066,596 243,933 822,663 822,663
    Golf simulator 18,942 17,596 1,346 1,346
    Shower Doors 5,105 2,989 2,116 2,116
    Television 400 400 0 0
    Netting 4,615 4,454 161 161
    Scrubber 70 17,066 15,220 1,846 1,846
    S20 Sweeper 34,283 30,567 3,716 3,716
    Computer Hardware 457 457 0 0
    Television 702 432 270 270
    Television 425 297 128 128
    2 Rowers 1,880 1,222 658 658
    Power system / crown prints 3,968 2,448 1,520 1,520
    Front Desks Furniture 1,500 1,266 234 234
    Building & Building Improvements 77,025 11,556 65,469 65,469
    Computer Hardware 1,535 1,535 0 0
    Building - Adj Entry 42,100 6,318 35,782 35,782
    Fitness Equipment 19,125 12,294 6,831 6,831
    Computer Equipment 1,552 754 798 798
    Water Fountain 1,068 81 987 987
    Field house improvements 503,053 38,096 464,957 464,957
    Water pump - 2019 10,555 770 9,785 9,785
    HVAC - 2019 Improvements 27,874 2,033 25,841 25,841
    Field House Improvements 55,075 2,754 52,321 52,321
    Electrostatic Sprayer 1,483 424 1,059 1,059
    FITNESS EQUIPMENT 17,768 846 16,922 16,922


    TY 2021 LoansFromOfficersSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484

    Item No. 1
    Lender's Name Peter D'Amico
    Lender's Title  
    Original Amount of Loan  
    Balance Due 467715
    Date of Note  
    Maturity Date  
    Repayment Terms Demand Note
    Interest Rate 0.000000000000
    Security Provided by Borrower  
    Purpose of Loan Working Capital
    Description of Lender Consideration  
    Consideration FMV  


    TY 2021 OtherAssetsSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CAPITALIZED LEASE FEES 420,000 405,000 405,000
    GOODWILL-FITNESS LOFT ACQUISITION 164,339 164,339 164,339


    TY 2021 OtherExpensesSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 13,674 0 13,674 0
    FUNDRAISING 17,126 0 17,126 0
    ATHLETIC PROGRAMS EXPENSE 67,507 0 6,456 61,051
    OFFICE EXPENSE 83,455 0 54,802 28,653
    AMORTIZATION 15,000 0 1,500 13,500
    INSURANCE 55,314 0 7,790 47,524


    TY 2021 OtherIncomeSchedule2
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ATHLETICS PROGRAMS FEES 1,244,115   1,244,115
    PPP LOAN 121,000   121,000


    TY 2021 OtherLiabilitiesSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Description Beginning of Year - Book Value End of Year - Book Value
    Line of Credit 248,609 248,609


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    NEWTOWN YOUTH ACADEMY INC
    EIN:
    45-0547484
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      25,198 0 25,198 0