Civic Intelligence

Avalon School Inc.

990 • Fiscal year 2022 • EIN 27-2820634

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

97th percentile

1.49x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.77x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$253,696

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

22nd percentile

-8.6%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-4.2%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$986,462

Down $93,315 (-8.6%) from 2021

Net Assets

Down

-$479,777

Down $337,876 (-238%) from 2021

Liabilities

Up

$1,466,239

Up $244,561 (+20%) from 2021

Revenue

Down

$1,909,376

Down $83,567 (-4.2%) from 2021

Expenses

Up

$2,240,882

Up $241,753 (+12%) from 2021

Net Income

Down

-$331,506

Down $325,320 (-5259%) from 2021

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

2022

Assets$986,462
Liabilities$1,466,239
Net Assets-$479,777

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

2022

Revenue$1,909,376
Expenses$2,240,882
Net Income-$331,506
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$1,973,589
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$324,404$457,593▲ $133,189
Land, Buildings, and Equipment, Net$154,823$145,663▼ $9,160
Accounts Receivable$97,005$133,801▲ $36,796
Investments in Publicly Traded Securities$127,483$123,287▼ $4,196
Savings and Temporary Cash Investments$366,062$116,118▼ $249,944
Total Assets$1,079,777$986,462▼ $93,315
Other Assets Total$10,000$10,000→ $0
Liabilities
Other Liabilities$382,806$731,071▲ $348,265
Deferred Revenue$451,118$563,530▲ $112,412
Accounts Payable and Accrued Expenses$376,638$171,638▼ $205,000
Mortgage Notes Payable Secured by Investment Property$11,116$0▼ $11,116
Total Liabilities$1,221,678$1,466,239▲ $244,561
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-141,901$-479,777▼ $337,876
Total Net Assets Fund Balance$-141,901$-479,777▼ $337,876
Total Liabilities and Net Assets / Fund Balance$1,079,777$986,462▼ $93,315

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$145,663$418,145$563,808

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$127,483-▼ $4,196-$123,287
2020$103,273-▲ $24,210-$127,483
2019$100,000-▲ $3,273-$103,273
2018-$100,000--$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin DavernHeadmasterFT$126,848$126,848$126,848
Richard McphersonPresident--$102,946$102,946
Rollin James HawleyExecutive Director-$51,018$51,018$102,036
Barry StohlmanBusiness Manager-$45,326$45,326$90,652

Board Members and Trustees

NameTitle
Stefano RattiChairman
Lorenzo DemarchiDirector
Dan SearlesMember at Large
David GerstenMember at Large
Eydie SearlesMember at Large
Thomas WhippenMember at Large
Jackie AldretteSecretary
Kevin MuhaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$216,901
Program Service Revenue
$1,740,969
Investment Income
$2,219
Other Revenue
$-50,713
All Other Contributions
$111,601
Change in Net Assets
$-331,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,656,975
Other Expenses$583,907
Total Fundraising Expense$47,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,162,202$80,956$36,742$1,279,900
Current Officers, Directors, Trustees, and Key Employees$35,573$187,619-$223,192
Occupancy$153,106$34,331$4,697$192,134
Payroll Taxes$100,471$22,528$3,082$126,081
All Other Expenses$48,106$2,547$348$51,001
Fees for Services Management$40,000--$40,000
Other Expenses$34,622--$34,622
Insurance$25,110$5,630$770$31,510
Depreciation Depletion$25,008$5,607$767$31,382
Other Employee Benefits$22,155$4,968$679$27,802
Office Expenses$20,050$4,496$615$25,161
Advertising$10,239--$10,239
Fees for Services Accounting-$5,150-$5,150
Total Functional Expenses$1,839,350$353,832$47,700$2,240,882
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,213
Fundraising Gross Income$13,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala and Auction$111,095$13,500$9,653$3,847
Total Events$111,095$13,500$64,213$-50,713
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$731,071
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
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Stohlman
Formed
2010
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
10
Employees
31
Volunteers
30

Preparer

Firm
Marcum Llp
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/Form990PartVIISectionAGrp/PersonNm9EYDIE SEARLES
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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/OccupancyGrp/FundraisingAmt04697
IRS990/OccupancyGrp/ManagementAndGeneralAmt034331
IRS990/OccupancyGrp/ProgramServicesAmt0153106
IRS990/OccupancyGrp/TotalAmt0192134
IRS990/OfficeExpensesGrp/FundraisingAmt0615
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04496
IRS990/OfficeExpensesGrp/ProgramServicesAmt020050
IRS990/OfficeExpensesGrp/TotalAmt025161
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0679
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04968
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022155
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027802
IRS990/OtherExpensesGrp/Desc0SPORTS
IRS990/OtherExpensesGrp/Desc1CAMP COMPENSATION
IRS990/OtherExpensesGrp/Desc2SCHOOL PROGRAMS & CAMPS
IRS990/OtherExpensesGrp/Desc3VEHICLES
IRS990/OtherExpensesGrp/ProgramServicesAmt078880
IRS990/OtherExpensesGrp/ProgramServicesAmt145361
IRS990/OtherExpensesGrp/ProgramServicesAmt238467
IRS990/OtherExpensesGrp/ProgramServicesAmt334622
IRS990/OtherExpensesGrp/TotalAmt078880
IRS990/OtherExpensesGrp/TotalAmt145361
IRS990/OtherExpensesGrp/TotalAmt238467
IRS990/OtherExpensesGrp/TotalAmt334622
IRS990/OtherLiabilitiesGrp/BOYAmt0382806
IRS990/OtherLiabilitiesGrp/EOYAmt0731071
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036742
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080956
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01162202
IRS990/OtherSalariesAndWagesGrp/TotalAmt01279900
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03082
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022528
IRS990/PayrollTaxesGrp/ProgramServicesAmt0100471
IRS990/PayrollTaxesGrp/TotalAmt0126081
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/Desc3STUDENT TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/Desc4STUDENT EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01615943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt321856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt415325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01615943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt415325
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/ExpenseAmt078880
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt057200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0151275
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01342
IRS990/PYOtherExpensesAmt0468709
IRS990/PYOtherRevenueAmt024623
IRS990/PYProgramServiceRevenueAmt01815703
IRS990/PYRevenuesLessExpensesAmt0-6186
IRS990/PYSalariesCompEmpBnftPaidAmt01530420
IRS990/PYTotalExpensesAmt01999129
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01992943
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-331506
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01683769
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0366062
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0116118
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/BeginningYearBalanceAmt0127483
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0123287
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4196
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0103273
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0127483
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0103273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0145663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0418145
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0563808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0731071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145663
IRS990ScheduleD/TotalLiabilityAmt0731071
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
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt097595
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt097595
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt064213
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06954
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06954
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA AND AUCTION

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