Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$6,547,068J 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) 6,854
2 Check right arrow.............
3 Interest on savings and temporary cash investments 688   688
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
List of Attached Documents:
// Content
1,958,675 0 1,958,675
12 Total. Add lines 1 through 11........ 1,966,217 0 1,959,363
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,118 0 60,118 0
14 Other employee salaries and wages...... 534,046 0 127,838 406,208
15 Pension plans, employee benefits....... 89,143 0 29,250 59,893
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
85,224 0 85,224 0
17 Interest............... 180,775 0 18,078 162,697
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
229,595 0 229,595
20 Occupancy.............. 329,859 0 42,465 287,394
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
369,360 0 149,190 220,170
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,878,120 0 741,758 1,136,362
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,878,120 0 741,758 1,136,362
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 88,097
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 1,217,605
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 63,106 94,725 94,725
2 Savings and temporary cash investments......... 113,711 113,711 113,711
3 Accounts receivable right arrow19,520
Less: allowance for doubtful accounts right arrow   5,249 19,520 19,520
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow9,543,036
Less: accumulated depreciation (attach schedule) right arrow3,763,263 5,919,007 Click to see attachment
List of Attached Documents:
// Content
5,779,773 		5,779,773
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
554,339 		Click to see attachment
List of Attached Documents:
// Content
539,339 		Click to see attachment
List of Attached Documents:
// Content
539,339
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,655,412 6,547,068 6,547,068
Liabilities 17 Accounts payable and accrued expenses.......... 136,568 64,746
18 Grants payable.................    
19 Deferred revenue................. 85,840 138,509
20 Loans from officers, directors, trustees, and other disqualified persons 422,237 Click to see attachment
List of Attached Documents:
// Content
375,256
21 Mortgages and other notes payable (attach schedule)...... 5,043,910 4,913,603
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
248,609 		Click to see attachment
List of Attached Documents:
// Content
248,609
23 Total liabilities (add lines 17 through 22)......... 5,937,164 5,740,723
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 718,248 806,345
29 Total net assets or fund balances (see instructions)..... 718,248 806,345
30 Total liabilities and net assets/fund balances (see instructions). 6,655,412 6,547,068
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
718,248
2
Enter amount from Part I, line 27a .....................
2
88,097
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
806,345
5
Decreases not included in line 2 (itemize) right arrow
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
806,345
Form 990-PF (2023)
Form 990-PF (2023)
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  
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 right arrow 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) 1 0
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 2023 estimated tax payments and 2022 overpayment credited to 2023 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.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCT
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrownyasportsfitness.com
14
The books are in care ofright arrowThe Foundation Telephone no.right arrow (203) 426-0088

Located atright arrow4 Primrose StreetNewtownCT ZIP+4right arrow06470
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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 		60,118 4,684 1,200
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
Salvatore D'Amico President
1.00 		0 0 0
c/o NYA 4 Primrose St
Newtown,CT06470
Jack Huray Director
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 		78,079 4,666 1,200
17 Greenfield Ave
Ridgefield,CT06877
Andrew Chimileski Fitness Director
40.00 		67,270 4,902 1,200
22 Walnut Tree Hill Road
Sandy Hook,CT06482
Mary Conway Board Chair
30.00 		60,118 4,684 1,200
10 Stone Gate Rd
Sandy Hook,CT06482
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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. 1,136,480
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
213,705
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
213,705
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
213,705
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) Click to see attachment
List of Attached Documents:
// Content
.............................
4
158,000
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
55,705
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,785
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 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (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
1,136,362
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,136,362
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
2,785 1,700 750 2,763 7,998
b 85% (0.85) of line 2a ......... 2,367 1,445 638 2,349 6,798
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		1,136,362 1,014,239 1,056,945 671,550 3,879,096
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 .... 		1,136,362 1,014,239 1,056,945 671,550 3,879,096
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......     6,851,304 7,157,228 14,008,532
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		     6,851,304 7,157,228 14,008,532
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 right arrow
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 (2023)
Form 990-PF (2023)
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 .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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
aATHLETICS PROGRAMS FEES 713940       1,958,675
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 688  
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 		         
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 688 1,958,675
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,959,363
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 CashDeemedCharitableExplnStmt
Name:
NEWTOWN YOUTH ACADEMY INC
EIN:
45-0547484
Explanation:
The foundation operates a sports facility that had over $1,810,000 in cash expenses for calendar year 2023 plus $90,000 in capital additions totaling $1,900,000. One-twelfth of that amount is $158,000 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 2023 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 6,536,251 2,318,840 SL 40.000000000000 163,406 0 163,406  
Fountain 2008-12-31 25,000 9,375 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 2009-05-14 138,412 101,509 SL 20.000000000000 6,921 0 6,921  
Overhead Doors Cable setup for turn area 2009-07-27 2,909 1,045 SL 40.000000000000 73 0 73  
J&J Pools - Granite mountings fountain area 2009-09-19 620 229 SL 40.000000000000 16 0 16  
Claris: $62,930 less $62,679 from Newtown 2009-07-18 251 87 SL 40.000000000000 6 0 6  
Claris - toilet partitions partial payment 2009-05-14 5,640 2,102 SL 40.000000000000 141 0 141  
Claris - as-built drawings 2009-07-01 1,310 469 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 5,045 SL 40.000000000000 343 0 343  
Elm Glade - back courtyard 2009-07-14 11,398 8,419 SL 20.000000000000 570 0 570  
Elm Glade - plants, gravel, pavers 2009-07-14 7,086 5,133 SL 20.000000000000 354 0 354  
Pond & Lake - Stainless brass pumb 2009-05-07 5,786 2,120 SL 40.000000000000 145 0 145  
Roger Electric - Fountain fixtures/materials 2009-06-30 9,716 3,534 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 5,453 SL 40.000000000000 375 0 375  
Robert Jacabacci - engraving of pavers 2009-10-17 1,105 782 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 66,530 SL 40.000000000000 4,914 0 4,914  
Television 2010-07-07 795 795 SL 7.000000000000 0 0 0  
Fountain 2010-05-30 618 205 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 1,066,596 270,598 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 3,669 SL 15.000000000000 340 0 340  
Television 2013-09-20 400 400 SL 7.000000000000 0 0 0  
Netting 2013-04-01 4,615 4,615 SL 7.000000000000 0 0 0  
Scrubber 70 2013-02-22 17,066 17,066 SL 10.000000000000 0 0 0  
S20 Sweeper 2013-02-22 34,283 34,283 SL 10.000000000000 0 0 0  
Computer Hardware 2014-01-01 457 457 SL 5.000000000000 0 0 0  
Television 2015-10-31 702 572 SL 10.000000000000 70 0 70  
Television 2015-01-25 425 383 SL 10.000000000000 42 0 42  
2 Rowers 2015-07-23 1,880 1,600 SL 10.000000000000 188 0 188  
Power system / crown prints 2015-11-01 3,968 3,242 SL 10.000000000000 397 0 397  
Front Desks Furniture 2016-02-01 1,500 1,500 SL 7.000000000000 0 0 0  
Building & Building Improvements 2016-01-01 77,025 15,408 SL 40.000000000000 1,926 0 1,926  
Computer Hardware 2016-02-05 1,535 1,535 SL 5.000000000000 0 0 0  
Building - Adj Entry 2016-01-01 42,100 8,424 SL 40.000000000000 1,053 0 1,053  
Fitness Equipment 2017-07-01 19,125 17,758 SL 7.000000000000 1,367 0 1,367  
Computer Equipment 2019-01-01 1,552 1,198 SL 7.000000000000 222 0 222  
Water Fountain 2019-01-01 1,068 135 SL 40.000000000000 27 0 27  
Field house improvements 2019-06-30 503,053 63,255 SL 40.000000000000 12,576 0 12,576  
Water pump - 2019 2019-06-30 10,555 1,298 SL 40.000000000000 264 0 264  
HVAC - 2019 Improvements 2019-06-30 27,874 3,427 SL 40.000000000000 697 0 697  
Field House Improvements 2020-01-01 55,075 5,508 SL 40.000000000000 1,377 0 1,377  
Electrostatic Sprayer 2020-01-01 1,483 848 SL 7.000000000000 212 0 212  
FITNESS EQUIPMENT 2021-09-15 17,768 2,538 SL 7.000000000000 2,538 0 2,538  
FITNESS EQUIPMENT 2022-06-30 43,800 3,174 SL 7.000000000000 6,257 0 6,257  
STRUCTURAL ANALYSIS 2023-06-30 5,000   SL 40.000000000000 63 0 63  
IP CAMERAS 2023-06-30 1,601   SL 7.000000000000 114 0 114  
GREASE TRAP 2023-06-30 3,400   SL 7.000000000000 243 0 243  
CONCRETE PAVERS 2023-06-30 60,180   SL 7.000000000000 4,299 0 4,299  
DIVIDER CURTAIN 2023-06-30 7,285   SL 40.000000000000 91 0 91  
SERVER 2023-06-30 8,002   SL 5.000000000000 800 0 800  
LAPTOP 2023-06-30 951   SL 3.000000000000 159 0 159  
SMITH MACHINE 2023-06-30 1,740   SL 7.000000000000 124 0 124  
2290-CONCEPT 2 2023-06-30 2,200   SL 7.000000000000 157 0 157  

TY 2023 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  
Defibrilator 1,545 1,545 0  
Signs 1,192 1,192 0  
Building - Demolition & Construction 6,536,251 2,482,246 4,054,005  
Fountain 25,000 10,000 15,000  
Software 392 392 0  
(5) Lenovo Thinkcenter A57 desktops 3,275 3,275 0  
(4) 22" Planars monitors 1,180 1,180 0  
HP7780 All in One Office Jet Printer 550 550 0  
3000 Series 1729 17" Touch Screen Monitor 723 723 0  
Computer 1,998 1,998 0  
EZ Facility Software 900 900 0  
Computer accessories & bundled software 1,852 1,852 0  
Preferred Computer Software 2,006 2,006 0  
KSA Exercise Equipment 22,688 22,688 0  
Fitness & gym room equipment 194,631 194,631 0  
Telephone/computer network system 27,481 27,481 0  
Audio/visual system 15,380 15,380 0  
Turf & field equipment 156,340 156,340 0  
Vacuum 500 500 0  
Window blinds 920 920 0  
Fireroad 138,412 108,430 29,982  
Overhead Doors Cable setup for turn area 2,909 1,118 1,791  
J&J Pools - Granite mountings fountain area 620 245 375  
Claris: $62,930 less $62,679 from Newtown 251 93 158  
Claris - toilet partitions partial payment 5,640 2,243 3,397  
Claris - as-built drawings 1,310 502 808  
Miscellaneous equipment for fitness center 7,110 6,349 761  
Apex Glass - Mirrors & Installation 2,640 2,640 0  
Custome Fountains - fountain work 13,707 5,388 8,319  
Elm Glade - back courtyard 11,398 8,989 2,409  
Elm Glade - plants, gravel, pavers 7,086 5,487 1,599  
Pond & Lake - Stainless brass pumb 5,786 2,265 3,521  
Roger Electric - Fountain fixtures/materials 9,716 3,777 5,939  
Addessi Fencing 4,500 4,500 0  
Addessi Fencing 4,369 4,369 0  
Twin Oaks - Data Conversion software 600 600 0  
American Express - software 300 300 0  
Twin Oaks - barcode reader 307 307 0  
Twin Oaks - software 795 795 0  
Preferred Computer - Microsoft Business Software 872 872 0  
Preferred Computer - Norton Anti Virus Software 325 325 0  
KSA Exercise Equipment 1,102 1,102 0  
Gym source - Yoga mats, d-bells, bars, etc 1,395 1,395 0  
Rehab Dimentions equipment 590 590 0  
Gym source - spin bike 10,500 10,500 0  
Total Communications - balance due on system 7,915 7,915 0  
American Express - Nets Scoreboard enterprises 6,946 6,946 0  
Protective screens 2,020 2,020 0  
Lindade Construction - Net & rope hanging design 18,209 18,209 0  
Winnick Steel - Custom hinges & goal supports 2,600 2,505 95  
Jaypro sports - Manual backstop winch 1,326 1,245 81  
J&J Pool & Concrete 15,000 5,828 9,172  
Robert Jacabacci - engraving of pavers 1,105 837 268  
Concrete patio fixtures 8,259 8,162 97  
Fitness center constructions 196,576 71,444 125,132  
Television 795 795 0  
Fountain 618 220 398  
Fieldhouse Equipment - Scoreboard Accessory 88 88 0  
fitness center equipment 11,689 11,689 0  
Fitness equipment acquisition 25,661 25,661 0  
Twin Oaks Software 525 525 0  
Portable backboards 10,005 10,005 0  
Temporary Turf 13,892 13,892 0  
Building Renovations 1,066,596 297,263 769,333  
Golf simulator 18,942 17,596 1,346  
Shower Doors 5,105 4,009 1,096  
Television 400 400 0  
Netting 4,615 4,615 0  
Scrubber 70 17,066 17,066 0  
S20 Sweeper 34,283 34,283 0  
Computer Hardware 457 457 0  
Television 702 642 60  
Television 425 425 0  
2 Rowers 1,880 1,788 92  
Power system / crown prints 3,968 3,639 329  
Front Desks Furniture 1,500 1,500 0  
Building & Building Improvements 77,025 17,334 59,691  
Computer Hardware 1,535 1,535 0  
Building - Adj Entry 42,100 9,477 32,623  
Fitness Equipment 19,125 19,125 0  
Computer Equipment 1,552 1,420 132  
Water Fountain 1,068 162 906  
Field house improvements 503,053 75,831 427,222  
Water pump - 2019 10,555 1,562 8,993  
HVAC - 2019 Improvements 27,874 4,124 23,750  
Field House Improvements 55,075 6,885 48,190  
Electrostatic Sprayer 1,483 1,060 423  
FITNESS EQUIPMENT 17,768 5,076 12,692  
FITNESS EQUIPMENT 43,800 9,431 34,369  
STRUCTURAL ANALYSIS 5,000 63 4,937  
IP CAMERAS 1,601 114 1,487  
GREASE TRAP 3,400 243 3,157  
CONCRETE PAVERS 60,180 4,299 55,881  
DIVIDER CURTAIN 7,285 91 7,194  
SERVER 8,002 800 7,202  
LAPTOP 951 159 792  
SMITH MACHINE 1,740 124 1,616  
2290-CONCEPT 2 2,200 157 2,043  


TY 2023 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 375256
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 2023 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 390,000 375,000 375,000
GOODWILL-FITNESS LOFT ACQUISITION 164,339 164,339 164,339


TY 2023 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 17,881 0 17,881 0
FUNDRAISING 20,190 0 20,190 0
ATHLETIC PROGRAMS EXPENSE 147,220 0 38,267 108,953
OFFICE EXPENSE 99,412 0 64,062 35,350
AMORTIZATION 15,000 0 1,500 13,500
INSURANCE 69,657 0 7,290 62,367


TY 2023 OtherIncomeSchedule2
Name:
NEWTOWN YOUTH ACADEMY INC
EIN:
45-0547484
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ATHLETICS PROGRAMS FEES 1,958,675   1,958,675


TY 2023 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 2023 OtherProfessionalFeesSchedule
Name:
NEWTOWN YOUTH ACADEMY INC
EIN:
45-0547484
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  85,224 0 85,224 0