Civic Intelligence

Avalon School Inc.

990 • Fiscal year 2023 • EIN 27-2820634

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

96th percentile

1.36x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.70x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

2.6%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$126,848

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

20%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,184,041

Up $197,579 (+20%) from 2022

Net Assets

Up

-$420,589

Up $59,188 (+12%) from 2022

Liabilities

Up

$1,604,630

Up $138,391 (+9.4%) from 2022

Revenue

Up

$2,298,363

Up $388,987 (+20%) from 2022

Expenses

Down

$2,238,418

Down $2,464 (-0.1%) from 2022

Net Income

Up

$59,945

Up $391,451 (+118%) from 2022

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 2023: $1,184,041Liabilities 2023: $1,604,630Net Assets 2023: -$420,5892023Assets 2024: $881,562Liabilities 2024: $1,426,606Net Assets 2024: -$545,0442024

Highlighted filing

2023

Assets$1,184,041
Liabilities$1,604,630
Net Assets-$420,589

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 2023: $2,298,363Expenses 2023: $2,238,418Net Income 2023: $59,9452023Revenue 2024: $2,285,217Expenses 2024: $2,451,484Net Income 2024: -$166,2672024

Highlighted filing

2023

Revenue$2,298,363
Expenses$2,238,418
Net Income$59,945
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$2,391,080
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$116,118$366,175▲ $250,057
Cash and Non-Interest-Bearing Accounts$457,593$323,803▼ $133,790
Accounts Receivable$133,801$220,363▲ $86,562
Land, Buildings, and Equipment, Net$145,663$136,217▼ $9,446
Investments in Publicly Traded Securities$123,287$127,483▲ $4,196
Total Assets$986,462$1,184,041▲ $197,579
Other Assets Total$10,000$10,000→ $0
Liabilities
Other Liabilities$731,071$1,116,071▲ $385,000
Deferred Revenue$563,530$393,034▼ $170,496
Accounts Payable and Accrued Expenses$171,638$95,525▼ $76,113
Total Liabilities$1,466,239$1,604,630▲ $138,391
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-479,777$-420,589▲ $59,188
Total Net Assets Fund Balance$-479,777$-420,589▲ $59,188
Total Liabilities and Net Assets / Fund Balance$986,462$1,184,041▲ $197,579

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$136,217$457,466$593,683

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$123,287-▲ $4,196-$127,483
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
Richard McphersonPresident--$102,946$102,946
Rollin James HawleyExecutive DirectorPT$51,018$51,018$102,036
Barry StohlmanBusiness ManagerPT$45,326$45,326$90,652

Board Members and Trustees

NameTitle
Stefano RattiChairman
Dan SearlesBoard Member
David GerstenBoard Member
Eydie SearlesBoard Member
Thomas WhippenBoard Member
Lorenzo DemarchiDirector
Jackie AldretteSecretary
Kevin MuhaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,977
Program Service Revenue
$1,941,046
Investment Income
$57
Other Revenue
$-17,717
All Other Contributions
$297,088
Change in Net Assets
$59,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,577,419
Other Expenses$660,999
Total Fundraising Expense$74,248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,080,083$71,982$31,955$1,184,020
Occupancy$226,842$49,114$10,744$286,700
Current Officers, Directors, Trustees, and Key Employees$36,035$169,669$20,906$226,610
Payroll Taxes$110,163$23,851$5,217$139,231
All Other Expenses$42,603$3,378$739$46,720
Fees for Services Management$42,390--$42,390
Depreciation Depletion$27,194$5,888$1,288$34,370
Advertising$34,087--$34,087
Insurance$26,370$5,709$1,249$33,328
Office Expenses$23,589$5,107$1,117$29,813
Other Employee Benefits$21,804$4,721$1,033$27,558
Other Expenses$22,200--$22,200
Fees for Services Other-$3,000-$3,000
Fees for Services Accounting-$2,400-$2,400
Fees for Services Legal-$1,857-$1,857
Total Functional Expenses$1,817,494$346,676$74,248$2,238,418
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$92,717
Fundraising Gross Income$75,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala and Auction$152,889$75,000$10,684$64,316
Total Events$152,889$75,000$92,717$-17,717
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$1,116,071
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
Business Manager
Phone
3019638022
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Stohlman
Formed
2010
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
10
Employees
31
Volunteers
50

Preparer

Firm
Marcum Llp
Address
1 RESEARCH COURT SUITE 400, ROCKVILLE, MD 20850
Preparer
Aaron M Fox
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 SILVER SPRING, 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.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-479777
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-420589
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt010744
IRS990/OccupancyGrp/ManagementAndGeneralAmt049114
IRS990/OccupancyGrp/ProgramServicesAmt0226842
IRS990/OccupancyGrp/TotalAmt0286700
IRS990/OfficeExpensesGrp/FundraisingAmt01117
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05107
IRS990/OfficeExpensesGrp/ProgramServicesAmt023589
IRS990/OfficeExpensesGrp/TotalAmt029813
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01033
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04721
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027558
IRS990/OtherExpensesGrp/Desc0SCHOOL PROGRAMS & CAMPS
IRS990/OtherExpensesGrp/Desc1CAMP COMPENSATION
IRS990/OtherExpensesGrp/Desc2VEHICLES
IRS990/OtherExpensesGrp/Desc3SPORTS
IRS990/OtherExpensesGrp/ProgramServicesAmt053410
IRS990/OtherExpensesGrp/ProgramServicesAmt144118
IRS990/OtherExpensesGrp/ProgramServicesAmt226606
IRS990/OtherExpensesGrp/ProgramServicesAmt322200
IRS990/OtherExpensesGrp/TotalAmt053410
IRS990/OtherExpensesGrp/TotalAmt144118
IRS990/OtherExpensesGrp/TotalAmt226606
IRS990/OtherExpensesGrp/TotalAmt322200
IRS990/OtherLiabilitiesGrp/BOYAmt0731071
IRS990/OtherLiabilitiesGrp/EOYAmt01116071
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt031955
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071982
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01080083
IRS990/OtherSalariesAndWagesGrp/TotalAmt01184020
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05217
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023851
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110163
IRS990/PayrollTaxesGrp/TotalAmt0139231
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BARRY STOHLMAN
IRS990/PriorPeriodAdjustmentsAmt0-757
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/Desc2STUDENT TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/Desc3STUDENT EVENTS
IRS990/ProgramServiceRevenueGrp/Desc4HOSTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01785096
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt187385
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223673
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt319074
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418745
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01785096
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt319074
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418745
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATE A BOYS ATHLETIC PROGRAM FOR BOTH MIDDLE SCHOOL AND HIGH SCHOOL. SPORTS OFFERED FOR THE BOYS INCLUDE BASKETBALL, BASEBALL, AND SOCCER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022200
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt087386
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0216901
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02219
IRS990/PYOtherExpensesAmt0583907
IRS990/PYOtherRevenueAmt0-50713
IRS990/PYProgramServiceRevenueAmt01740969
IRS990/PYRevenuesLessExpensesAmt0-331506
IRS990/PYSalariesCompEmpBnftPaidAmt01656975
IRS990/PYTotalExpensesAmt02240882
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01909376
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt059945
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01853660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116118
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0366175
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/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0123287
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0127483
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04196
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0127483
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0123287
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0103273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0127483
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024210
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0103273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03273
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0136217
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0457466
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0593683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01116071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT THE ORGANIZATIONS EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0136217
IRS990ScheduleD/TotalLiabilityAmt01116071
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

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