2026-05-11T15:11:58-05:00 2025-06-30 881478669 CBIZ ADVISORS LLC 100 WESTMINSTER STREET SUITE 500 PROVIDENCE RI 02903 990 2024-07-01 462385806 SHEILA C SKIP NOWELL LEADERSHIP ACADEMY SHEI 4017510405 150 WASHINGTON STREET PROVIDENCE RI 02903 DREW ALLSOPP CHIEF OF FINANCE & OPERATIONS 4017510405 2026-05-11 1 1 DAVID FONTAINE P00011053 4016004500 2026-05-07 2024 2025-03-06 01:10:19Z DREW ALLSOPP 150 WASHINGTON STREET PROVIDENCE RI 02903 4779982 0 X WWW.NOWELLACADEMY.ORG X 2013 RI THE MISSION OF THE SHEILA C. "SKIP" NOWELL LEADERSHIP ACADEMY IS TO ENSURE THAT RHODE ISLAND'S PREGNANT, PARENTING AND UNDERSERVED YOUTH GRADUATE FROM HIGH SCHOOL WITH THE KNOWLEDGE AND SKILLS THEY NEED TO BE PREPARED FOR SUCCESS IN COLLEGE, CAREER AND FAMILY LIFE.OUR VISION IS TO BECOME A NATIONAL LEADER IN PROVIDING AN EXCEPTIONALLY HIGH QUALITY, COMPETENCY BASED HIGH SCHOOL EXPERIENCE TO PREGNANT, PARENTING AND UNDERSERVED STUDENTS. 12 12 40 0 0 0 1512147 907913 3176524 3832827 33079 32203 5381 7039 4727131 4779982 0 0 0 0 3126934 3297137 0 0 0 1698182 1583870 4825116 4881007 -97985 -101025 4807842 5512186 2964465 4806206 1843377 705980 X THE MISSION OF THE SHEILA C. "SKIP" NOWELL LEADERSHIP ACADEMY IS TO ENSURE THAT RHODE ISLAND'S PREGNANT, PARENTING AND UNDERSERVED YOUTH GRADUATE FROM HIGH SCHOOL WITH THE KNOWLEDGE AND SKILLS THEY NEED TO BE PREPARED FOR SUCCESS IN COLLEGE, CAREER AND FAMILY LIFE.OUR VISION IS TO BECOME A NATIONAL LEADER IN PROVIDING AN EXCEPTIONALLY HIGH QUALITY, COMPETENCY BASED HIGH SCHOOL EXPERIENCE TO PREGNANT, PARENTING AND UNDERSERVED STUDENTS. 0 0 4280643 3839866 THROUGH THE PROVISION OF A HOLISTIC EDUCATIONAL PROGRAM THAT INCLUDES A FULL GRADE 9-12 ONLINE-VIRTUAL CURRICULUM; WRAP-AROUND SUPPORTIVE SERVICES; AFFORDABLE AND ACCESSIBLE ON-SITE DAY CARE; FLEXIBLE AND INDIVIDUALIZED IN-SCHOOL HOURS; AND SPECIALIZED ACCESSIBILITY TO COLLEGES, UNIVERSITIES AND POST-SECONDARY JOB TRAINING PROGRAMS,GRADUATES OF THE ACADEMY WILL BE PREPARED TO BECOME PRODUCTIVE CITIZENS, WORKERS AND LIFELONG LEARNERS, AND ALSO EMPOWERED AND FINANCIALLY INDEPENDENT INDIVIDUALS AT THE HEADS OF STRONG AND STABLE FAMILIES. 4280643 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4017510405 150 WASHINGTON STREET PROVIDENCE RI 02903 LAROME MYRICK BOARD CHAIRPERSON 1.00 X X 0 0 0 SULINA MOHANTY VICE CHAIRPERSON 1.00 X X 0 0 0 EASTON DICKSON TREASURER 1.00 X X 0 0 0 ROSE ALBERT SECRETARY 1.00 X X 0 0 0 CLAUDETTE BANNERMAN DIRECTOR 1.00 X 0 0 0 TERESA JENKINS DIRECTOR 1.00 X 0 0 0 SHANNON MASSAROCO DIRECTOR 1.00 X 0 0 0 TAHON ROSS DIRECTOR 1.00 X 0 0 0 CARLOS RAMIREZ DIRECTOR 1.00 X 0 0 0 JENNIFER GRIFFITH DIRECTOR 1.00 X 0 0 0 MISTY DELGADO DIRECTOR 1.00 X 0 0 0 DREW ALLSOPP CHIEF OF FINANCE & OPERATI 40.00 X 120592 0 0 JESSICA WATERS EXECUTIVE DIRECTOR 40.00 X 139169 0 0 MICHAEL TEMPLETON PRINCIPAL 40.00 X 120100 0 0 379861 0 0 3 0 0 0 0 573170 334743 907913 MUNICIPAL AID AND FEES 900099 3178076 3178076 MEDICAID 900099 329153 329153 PENSION REVENUE 900099 219799 219799 FOOD SERVICE PROGRAM 900099 105799 105799 3832827 32203 32203 OTHER REVENUE 900099 7039 7039 7039 4779982 3839866 0 32203 2313543 2028977 284566 578599 507431 71168 312805 274330 38475 92190 80851 11339 64738 56775 7963 32526 28525 4001 52381 45938 6443 6 5 1 32491 28495 3996 170541 149564 20977 475292 416831 58461 33173 29093 4080 TECHNICAL SERVICES 193212 169447 23765 FOOD SERVICES 141999 124533 17466 BUILDING COSTS 124198 108922 15276 STUDENT AND EMPLOYEE TR 95341 83614 11727 167972 147312 20660 4881007 4280643 600364 0 379459 199838 767735 1292577 316358 297798 221790 13193 61497 1460785 884417 687108 576368 2346191 3160116 4807842 5512186 162590 85355 100000 161795 339928 265172 2361947 4293884 2964465 4806206 X 1843377 705980 0 0 0 0 1843377 705980 4807842 5512186 X -101025 -1036372 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 807390 377483 429907 653395 506934 146461 576368 DEPOSITS 31000 RIGHT OF USE ASSET 1530814 NET PENSION ASSET 603166 DEFERRED OUTFLOWS 995136 3160116 OPERATING LEASE LIABILITY 1765605 NET PENSION LIABILITY 1866184 DEFERRED INFLOWS 662095 4293884 X 4779982 0 4779982 0 4779982 4881007 0 4881007 0 4881007 PART X, LINE 2: NOWELL QUALIFIES AS A TAX-EXEMPT ORGANIZATION, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, NOWELL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). NOWELL IS ALSO EXEMPT FROM RHODE ISLAND INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO NOWELL'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME AT BOTH THE STATE AND FEDERAL LEVELS. FOR THE YEAR ENDED JUNE 30, 2025, NOWELL HAD NO SUCH INCOME. NOWELL EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GAAP. AS OF JUNE 30, 2025, NOWELL DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. NOWELL'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. NOWELL'S FEDERAL AND STATE TAX RETURNS GENERALLY REMAIN OPEN FOR THE LAST THREE YEARS. THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DURING REGISTRATION PROCESS SCHEDULE E, PART I, LINE 6 STATE AID FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY BOARD OF DIRECTORS BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVE DIRECTOR MONITORS POLICY FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE BY REQUEST FORM 990, PART XI, LINE 9: REQUIRED BY GASB - THE BEGINNING NET POSITION HAS BEEN RESTATED -1,036,372. FORM 990, PART XII, LINE 2: EFFECTIVE JULY 1, 2024, NOWELL'S BOARD OF DIRECTORS PASSED LEGISLATION, WHICH RECONSTITUTED NOWELL AS A PUBLIC SCHOOL GOVERNED BY A BOARD OF TRUSTEES APPOINTED BY THE STATE COUNCIL ON ELEMENTARY AND SECONDARY EDUCATION, WHICH RESULTED IN NOWELL BECOMING A COMPONENT UNIT OF THE STATE OF RHODEISLAND ("THE STATE") AND IS ACCOUNTED FOR AS A DISCRETELY PRESENTED COMPONENT UNIT IN THE STATE'S BASIC FINANCIAL STATEMENTS. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE HAS RESPONSIBILITY OF OVERSEEING THE AUDIT FORM 990 PART XII, FINANCIAL STATEMENT AND REPORTING NOWELL CHANGED ITS BASIS OF ACCOUNTING FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AS PROMULGATED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) TO THOSE ISSUED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), EFFECTIVE JULY 1, 2024, DUE TO ITS RECLASSIFICATION AS A GOVERNMENTAL ENTITY.