Civic Intelligence

Avalon School Inc.

990 • Fiscal year 2020 • EIN 27-2820634

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

11811 Claridge RoadSilver Spring, MD 20902

(301) 963-8022

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.19x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.45x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

10%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$119,880

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

92nd percentile

88%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

2.8%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$851,780

Up $398,124 (+88%) from 2019

Net Assets

Up

-$158,583

Up $231,260 (+59%) from 2019

Liabilities

Up

$1,010,363

Up $166,864 (+20%) from 2019

Revenue

Up

$2,234,906

Up $61,296 (+2.8%) from 2019

Expenses

Down

$2,003,646

Down $120,144 (-5.7%) from 2019

Net Income

Up

$231,260

Up $181,440 (+364%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2013: $534,656Liabilities 2013: $725,820Net Assets 2013: -$191,1642013Assets 2019: $453,656Liabilities 2019: $843,499Net Assets 2019: -$389,8432019Assets 2020: $851,780Liabilities 2020: $1,010,363Net Assets 2020: -$158,5832020Assets 2021: $1,079,777Liabilities 2021: $1,221,678Net Assets 2021: -$141,9012021Assets 2022: $986,462Liabilities 2022: $1,466,239Net Assets 2022: -$479,7772022Assets 2024: $881,562Liabilities 2024: $1,426,606Net Assets 2024: -$545,0442024

Highlighted filing

2020

Assets$851,780
Liabilities$1,010,363
Net Assets-$158,583

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,746,3692013Revenue 2019: $2,173,610Expenses 2019: $2,123,790Net Income 2019: $49,8202019Revenue 2020: $2,234,906Expenses 2020: $2,003,646Net Income 2020: $231,2602020Revenue 2021: $1,992,943Expenses 2021: $1,999,129Net Income 2021: -$6,1862021Revenue 2022: $1,909,376Expenses 2022: $2,240,882Net Income 2022: -$331,5062022Revenue 2024: $2,285,217Expenses 2024: $2,451,484Net Income 2024: -$166,2672024

Highlighted filing

2020

Revenue$2,234,906
Expenses$2,003,646
Net Income$231,260
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,258,750
Mission and Program Overview

Mission

The avalon school, an independent school for boys, seeking to cultivate in it's students intellectual freedom, personal responsibility and a spirit of adventure in an atmosphere that allows boys to be boys. The distinctive learning characteristics of young men are addressed both in and out of the classroom through a curriculum steeped in the humanities.

To cultivate intellectual freedom, personal responsibility and a spirit of adventure through education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,697$347,843▲ $220,146
Accounts Receivable$86,503$260,590▲ $174,087
Land, Buildings, and Equipment, Net$125,866$130,074▲ $4,208
Investments in Publicly Traded Securities-$103,273-
Savings and Temporary Cash Investments$101,461--
Loans From Officers Directors$54,310$38,710▼ $15,600
Total Assets$453,656$851,780▲ $398,124
Other Assets Total$12,129$10,000▼ $2,129
Liabilities
Deferred Revenue$604,149$604,149→ $0
Accounts Payable and Accrued Expenses$128,661$237,065▲ $108,404
Other Liabilities$25,391$110,642▲ $85,251
Mortgage Notes Payable Secured by Investment Property$30,988$19,797▼ $11,191
Total Liabilities$843,499$1,010,363▲ $166,864
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-389,843$-158,583▲ $231,260
Total Net Assets Fund Balance$-389,843$-158,583▲ $231,260
Total Liabilities and Net Assets / Fund Balance$453,656$851,780▲ $398,124

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$130,074$359,428$489,502

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$100,000-▲ $3,273-$103,273
2018-$100,000--$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin DavernHeadmasterFT$119,880-$119,880
Richard McphersonPresident--$99,947$99,947
Rollin James HawleyMember at Large--$86,700$86,700
Albert ShieldsSecretary-$47,366-$47,366
Barry StohlmanBusiness Manager-$42,200-$42,200

Board Members and Trustees

NameTitle
Kevin MuhaDirector
Lorenzo DemarchiDirector
Dan SearlesMember at Large
David GerstenMember at Large
Eydie SearlesMember at Large
Jackie AldretteMember at Large
Thomas WhippenMember at Large
Stefano RattiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$400,584
Program Service Revenue
$1,819,206
Investment Income
$1,812
Other Revenue
$13,304
All Other Contributions
$107,874
Change in Net Assets
$231,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,485,132
Other Expenses$518,514
Total Fundraising Expense$26,861
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,038,932$84,833$20,852$1,144,617
Current Officers, Directors, Trustees, and Key Employees$23,976$180,304-$204,280
Occupancy$133,018$33,177$2,609$168,804
Payroll Taxes$87,886$21,920$1,724$111,530
Fees for Services Management$37,472--$37,472
Insurance$25,659$6,400$503$32,562
Office Expenses$23,432$5,845$460$29,737
Other Employee Benefits$19,467$4,856$382$24,705
Other Expenses$21,993--$21,993
Depreciation Depletion$16,857$4,204$331$21,392
All Other Expenses-$13,001-$13,001
Fees for Services Accounting-$5,945-$5,945
Advertising$3,911--$3,911
Interest-$2,524-$2,524
Total Functional Expenses$1,613,776$363,009$26,861$2,003,646
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,769
Fundraising Direct Expenses$23,844
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$26,943$26,943-$26,943
Total Events$26,943$26,943$14,258$12,685
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$54,310$38,710▼ $15,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$110,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Dan searles and eydie searles are husband and wife.

Form 990, Part VI, Section A, Line 8B

The school does not have a separate committee to its governing board.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is provided to the cfo and president for review prior to filing.

Form 990, Part VI, Section C, Line 19

The school makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Avalon School Inc
EIN
27-2820634
Phone
3019638022
Address
11811 CLARIDGE ROAD, SILVER SPRING, MD 20902

Signing Officer

Name
Barry Stohlman
Title
Chair
Phone
3019638022
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Stohlman
Formed
2010
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
8
Employees
26
Volunteers
0

Preparer

Firm
E Cohen and Company Cpas
Address
ONE RESEARCH COURT SUITE 400, ROCKVILLE, MD 20850
Preparer
Kimberly Hoder Maxwell CPA
Phone
3016913600
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Support the organizations exempt purpose.

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IRS990/Desc0OPERATE A PRIMARY AND SECONDARY CATHOLIC BOY'S SCHOOL LOCATED IN GAITHERSBURG, MD. EDUCATING UP TO 165 STUDENTS GRADES 2 THROUGH 12.
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IRS990/Form990PartVIISectionAGrp/PersonNm0BARRY STOHLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN DAVERN
IRS990/Form990PartVIISectionAGrp/PersonNm2ALBERT SHIELDS
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IRS990/Form990PartVIISectionAGrp/PersonNm9EYDIE SEARLES
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BUSINESS MANAGER
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IRS990/MissionDesc0THE AVALON SCHOOL, AN INDEPENDENT SCHOOL FOR BOYS, SEEKING TO CULTIVATE IN IT'S STUDENTS INTELLECTUAL FREEDOM, PERSONAL RESPONSIBILITY AND A SPIRIT OF ADVENTURE IN AN ATMOSPHERE THAT ALLOWS BOYS TO BE BOYS. THE DISTINCTIVE LEARNING CHARACTERISTICS OF YOUNG MEN ARE ADDRESSED BOTH IN AND OUT OF THE CLASSROOM THROUGH A CURRICULUM STEEPED IN THE HUMANITIES.
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04925
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04925
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-389843
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-158583
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02609
IRS990/OccupancyGrp/ManagementAndGeneralAmt033177
IRS990/OccupancyGrp/ProgramServicesAmt0133018
IRS990/OccupancyGrp/TotalAmt0168804
IRS990/OfficeExpensesGrp/FundraisingAmt0460
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05845
IRS990/OfficeExpensesGrp/ProgramServicesAmt023432
IRS990/OfficeExpensesGrp/TotalAmt029737
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012129
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0382
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04856
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019467
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024705
IRS990/OtherExpensesGrp/Desc0HOSTING
IRS990/OtherExpensesGrp/Desc1SCHOOL PROGRAMS & CAMPS
IRS990/OtherExpensesGrp/Desc2SPORTS
IRS990/OtherExpensesGrp/Desc3VEHICLES
IRS990/OtherExpensesGrp/ProgramServicesAmt063605
IRS990/OtherExpensesGrp/ProgramServicesAmt161987
IRS990/OtherExpensesGrp/ProgramServicesAmt255581
IRS990/OtherExpensesGrp/ProgramServicesAmt321993
IRS990/OtherExpensesGrp/TotalAmt063605
IRS990/OtherExpensesGrp/TotalAmt161987
IRS990/OtherExpensesGrp/TotalAmt255581
IRS990/OtherExpensesGrp/TotalAmt321993
IRS990/OtherLiabilitiesGrp/BOYAmt025391
IRS990/OtherLiabilitiesGrp/EOYAmt0110642
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0FIELD TRIPS AND OTHERS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08379
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08379
IRS990/OtherRevenueTotalAmt08379
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020852
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt084833
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01038932
IRS990/OtherSalariesAndWagesGrp/TotalAmt01144617
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01724
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021920
IRS990/PayrollTaxesGrp/ProgramServicesAmt087886
IRS990/PayrollTaxesGrp/TotalAmt0111530
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BARRY STOHLMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1HOSTING
IRS990/ProgramServiceRevenueGrp/Desc2CAMP FEES
IRS990/ProgramServiceRevenueGrp/Desc3STUDENT TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/Desc4SPORTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01647299
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327043
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt48376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01647299
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327043
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48376
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATE A BOYS ATHLETIC PROGRAM FOR BOTH MIDDLE SCHOOL AND HIGH SCHOOL. SPORTS OFFERED FOR THE BOYS INCLUDE FOOTBALL, BASKETBALL, BASEBALL, CROSS COUNTRY AND SOCCER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt055581
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08376
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0176479
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01091
IRS990/PYOtherExpensesAmt0580042
IRS990/PYOtherRevenueAmt056848
IRS990/PYProgramServiceRevenueAmt01939192
IRS990/PYRevenuesLessExpensesAmt049820
IRS990/PYSalariesCompEmpBnftPaidAmt01543748
IRS990/PYTotalExpensesAmt02123790
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02173610
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0231260
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01819209
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101461
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0103273
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03273
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0130074
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0359428
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0489502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0130074
IRS990ScheduleD/TotalLiabilityAmt0110642
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE AVALON SCHOOL DOES NOT PUBLICIZE THROUGH NEWSPAPER OR BROADCAST MEDIA
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3

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