NewDay Christian
Academy's survival is down to a matter of hours.
The school
on Flat Shoals Road in College Park, formerly Old National Christian Academy,
may have to close its doors after 27 years as a Christian school of excellence.
The school
is at a crossroads as BB&T Bank, mortgage holder, has started foreclosure
proceeding on the school property. The school has until Sunday to raise
$111,000 to stop the foreclosure.
"We're
just hoping something will come through. Cascade Road Methodist Church
is looking at helping us," said the school's business manager, Denise
Curtis.
Curtis said
the school's financial troubles resulted from cost overruns in an expansion
project. The $230,000, two-phase expansion project includes merging the
school's two campuses into one.
Cost overruns
caused the school to dip into operating funds to complete the project
to address overcrowded classrooms.
The school
was not successful in getting additional funds from BB&T Bank to cover
the cost of the project. The school needs $500,000 to cover past due mortgage
payments and other expenses and to order the curriculum and books for
the coming school year.
Old National
Christian Academy, now known as NewDay, has been established for 27 years
and services students from pre-kindergarten through middle school.
Last year,
the school had 277 students and tuition ranges from $4,300 to $4,900 a
year.
NewDay's mission
is to promote the total and advanced development of children so that they
are equipped to make a real and positive difference in the world.
"We have
a lot of positive things to talk about: Three of our former students graduated
from Landmark Christian Academy High School in May 2001 at the top of
their class summa cum laude, magna cum laude and cum laude,"
said Principal Tina Curtis.
"Eighty
percent of our students are honor roll achievers. Our students, on an
average, test and score one to two years over the national norm on scholastic
aptitude tests. World heavy weight boxing champion Evander Holyfield donated
the funds to purchase the property to build the current facilities. His
children attended Old National Christian Academy," she added.
The NewDay
Board chairman is the Rev. Charles Barlow, formerly a general manager
with Xerox Business Services, currently a regional services manager with
En Pointe Technologies Inc.
He also is
the deputy director of Georgia Summit of African American Business Organizations,
a nonprofit organization. He has been a business turnaround specialist
for over 20 years.
All four of
Barlow's children attended NewDay and went on to excel in Atlanta Public
Schools and at Morris Brown College. He expects NewDay to be ready for
his 1-year-old grandson, Jamari, when he reaches age 3.
"At a
time when the government is trying to pass education reform bills to spend
more money to improve education in the nation and the state of Georgia,
we are having trouble raising $500,000," said Barlow. "NewDay
is already doing what our public and private schools are trying to do."
The NewDay
board launched a $500,000 fund-raising campaign March 4 when the new board
members were installed.
They have sought
assistance from churches, businesses and foundations. Some of the largest
churches in the metro Atlanta area have been slow to respond to the needs
of the school, Barlow said. The board is in negotiations with Cascade
United Methodist Church and other churches to form partnerships.
This process
could take until the end of July, which may be too late for the foreclosure
deadline.
The business
community is responding favorably, especially the 100 Black Men, he said.
Those who have heard the NewDay story have committed to help NewDay by
giving their time, talent and financial support.
Among these
are Dr. Joseph Johnson, former president of Grambling University; Nate
Golston, CEO of Gourmet Services, and Sid Levy, owner of two OutBack Steakhouse
restaurants. OutBack sponsored a fund-raiser for NewDay and has committed
to being a business partner.
The board,
parents, faculty and staff have worked together on several fund-raising
projects to raise funds and awareness of school's plight. The NewDay parents
sponsored a successful board-supported fund-raiser May 19 to complete
the modular expansion project. The expansion modules are now complete
phases one and two but money is still owed the contractors.
"Through
all of our trials we have triumphed through faith in God and teamwork.
We have planted and watered, but God gives the increase. We ask you to
make the decision to join us in a partnership that will benefit the children
and youth of metropolitan Atlanta through NewDay," said Barlow
To help call
770-996-0404.
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