Civic Intelligence

Avalon School Inc.

990 • Fiscal year 2021 • EIN 27-2820634

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

1.13x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.61x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

25th percentile

-0.3%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$119,880

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

75th percentile

27%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,079,777

Up $227,997 (+27%) from 2020

Net Assets

Up

-$141,901

Up $16,682 (+11%) from 2020

Liabilities

Up

$1,221,678

Up $211,315 (+21%) from 2020

Revenue

Down

$1,992,943

Down $241,963 (-11%) from 2020

Expenses

Down

$1,999,129

Down $4,517 (-0.2%) from 2020

Net Income

Down

-$6,186

Down $237,446 (-103%) from 2020

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

2021

Assets$1,079,777
Liabilities$1,221,678
Net Assets-$141,901

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

2021

Revenue$1,992,943
Expenses$1,999,129
Net Income-$6,186
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$2,019,175
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
Savings and Temporary Cash Investments-$366,062-
Cash and Non-Interest-Bearing Accounts$347,843$324,404▼ $23,439
Land, Buildings, and Equipment, Net$130,074$154,823▲ $24,749
Investments in Publicly Traded Securities$103,273$127,483▲ $24,210
Accounts Receivable$260,590$97,005▼ $163,585
Loans From Officers Directors$38,710$0▼ $38,710
Total Assets$851,780$1,079,777▲ $227,997
Other Assets Total$10,000$10,000→ $0
Liabilities
Deferred Revenue$604,149$451,118▼ $153,031
Other Liabilities$110,642$382,806▲ $272,164
Accounts Payable and Accrued Expenses$237,065$376,638▲ $139,573
Mortgage Notes Payable Secured by Investment Property$19,797$11,116▼ $8,681
Total Liabilities$1,010,363$1,221,678▲ $211,315
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-158,583$-141,901▲ $16,682
Total Net Assets Fund Balance$-158,583$-141,901▲ $16,682
Total Liabilities and Net Assets / Fund Balance$851,780$1,079,777▲ $227,997

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$154,823$386,762$541,585

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$103,273-▲ $24,210-$1,027,483
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--$98,000$98,000
Rollin James HawleyMember at Large-$23,750$71,250$95,000
Barry StohlmanBusiness Manager-$63,300$21,100$84,400

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
Albert ShieldsSecretary
Stefano RattiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,275
Program Service Revenue
$1,815,703
Investment Income
$1,342
Other Revenue
$24,623
All Other Contributions
$72,865
Change in Net Assets
$-6,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,530,420
Other Expenses$468,709
Total Fundraising Expense$48,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,077,322$56,313$37,369$1,171,004
Current Officers, Directors, Trustees, and Key Employees$24,525$189,857-$214,382
Occupancy$129,761$28,991$4,401$163,153
Payroll Taxes$93,284$20,841$3,164$117,289
Fees for Services Management$39,541--$39,541
All Other Expenses$30,277$3,135$476$33,888
Insurance$25,722$5,747$872$32,341
Depreciation Depletion$23,192$5,181$787$29,160
Office Expenses$22,523$5,032$764$28,319
Other Employee Benefits$22,067$4,930$748$27,745
Other Expenses$21,396--$21,396
Advertising$11,761--$11,761
Fees for Services Accounting-$7,900-$7,900
Interest-$478-$478
Total Functional Expenses$1,622,143$328,405$48,581$1,999,129
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,855
Fundraising Direct Expenses$26,232
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala and Auction$50,855$50,855$25,745$25,110
Total Events$50,855$50,855$25,745$25,110
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$38,710$0▼ $38,710
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$382,806
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
2022-05-16
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
30
Volunteers
0

Preparer

Firm
E Cohen and Company Cpas
Address
1 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/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.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019797
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011116
IRS990/NetAssetsOrFundBalancesBOYAmt0-158583
IRS990/NetAssetsOrFundBalancesEOYAmt0-141901
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt024623
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt024623
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt022868
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-158583
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-141901
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04401
IRS990/OccupancyGrp/ManagementAndGeneralAmt028991
IRS990/OccupancyGrp/ProgramServicesAmt0129761
IRS990/OccupancyGrp/TotalAmt0163153
IRS990/OfficeExpensesGrp/FundraisingAmt0764
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05032
IRS990/OfficeExpensesGrp/ProgramServicesAmt022523
IRS990/OfficeExpensesGrp/TotalAmt028319
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0748
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04930
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022067
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027745
IRS990/OtherExpensesGrp/Desc0HOSTING
IRS990/OtherExpensesGrp/Desc1CAMP COMPENSATION
IRS990/OtherExpensesGrp/Desc2SPORTS
IRS990/OtherExpensesGrp/Desc3SCHOOL PROGRAMS & CAMPS
IRS990/OtherExpensesGrp/ProgramServicesAmt041976
IRS990/OtherExpensesGrp/ProgramServicesAmt135710
IRS990/OtherExpensesGrp/ProgramServicesAmt223086
IRS990/OtherExpensesGrp/ProgramServicesAmt321396
IRS990/OtherExpensesGrp/TotalAmt041976
IRS990/OtherExpensesGrp/TotalAmt135710
IRS990/OtherExpensesGrp/TotalAmt223086
IRS990/OtherExpensesGrp/TotalAmt321396
IRS990/OtherLiabilitiesGrp/BOYAmt0110642
IRS990/OtherLiabilitiesGrp/EOYAmt0382806
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037369
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056313
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01077322
IRS990/OtherSalariesAndWagesGrp/TotalAmt01171004
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03164
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020841
IRS990/PayrollTaxesGrp/ProgramServicesAmt093284
IRS990/PayrollTaxesGrp/TotalAmt0117289
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/Desc1CAMP FEES
IRS990/ProgramServiceRevenueGrp/Desc2HOSTING
IRS990/ProgramServiceRevenueGrp/Desc3APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/Desc4STUDENT EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01697763
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175542
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310229
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01697763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175542
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410169
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/ExpenseAmt023086
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt075542
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0400584
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01812
IRS990/PYOtherExpensesAmt0518514
IRS990/PYOtherRevenueAmt013304
IRS990/PYProgramServiceRevenueAmt01819206
IRS990/PYRevenuesLessExpensesAmt0231260
IRS990/PYSalariesCompEmpBnftPaidAmt01485132
IRS990/PYTotalExpensesAmt02003646
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02234906
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6186
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01740162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0366062
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/BeginningYearBalanceAmt0103273
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01027483
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024210
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0103273
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0154823
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0386762
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0541585
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0382806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0154823
IRS990ScheduleD/TotalLiabilityAmt0382806
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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