Civic Intelligence

The Next School

990 • Fiscal year 2016 • EIN 45-5075869

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

2000 Wade Hampton BoulevardGreenville, SC 29615

(864) 214-6398

Siviq Scores

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

Liabilities / Assets

98th percentile

2.20x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.91x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

9th percentile

-36%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

Up

$589,627

Up $212,728 (+56%) from 2015

Net Assets

Down

-$710,017

Down $645,136 (-994%) from 2015

Liabilities

Up

$1,299,644

Up $857,864 (+194%) from 2015

Revenue

Up

$1,433,815

Up $1,189,486 (+487%) from 2015

Expenses

Up

$1,954,442

Up $1,637,887 (+517%) from 2015

Net Income

Down

-$520,627

Down $448,401 (-621%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2012: $1Liabilities 2012: $02012Assets 2013: $982Liabilities 2013: $5002013Assets 2014: $95,795Liabilities 2014: $88,4492014Assets 2015: $376,899Liabilities 2015: $441,780Net Assets 2015: -$64,8812015Assets 2016: $589,627Liabilities 2016: $1,299,644Net Assets 2016: -$710,0172016Assets 2017: $855,501Liabilities 2017: $2,348,588Net Assets 2017: -$1,493,0872017Assets 2018: $547,146Liabilities 2018: $2,462,211Net Assets 2018: -$1,915,0652018Assets 2019: $867,803Liabilities 2019: $1,748,347Net Assets 2019: -$880,5442019Assets 2020: $1,310,967Liabilities 2020: $1,613,869Net Assets 2020: -$302,9022020Assets 2021: $1,175,351Liabilities 2021: $913,708Net Assets 2021: $261,6432021Assets 2022: $1,012,092Liabilities 2022: $720,434Net Assets 2022: $291,6582022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$589,627
Liabilities$1,299,644
Net Assets-$710,017

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $1,000Expenses 2013: $518Net Income 2013: $4822013Revenue 2014: $110,477Expenses 2014: $103,613Net Income 2014: $6,8642014Revenue 2015: $244,329Expenses 2015: $316,555Net Income 2015: -$72,2262015Revenue 2016: $1,433,815Expenses 2016: $1,954,442Net Income 2016: -$520,6272016Revenue 2017: $4,120,506Expenses 2017: $4,903,576Net Income 2017: -$783,0702017Revenue 2018: $3,663,074Expenses 2018: $4,093,533Net Income 2018: -$430,4592018Revenue 2019: $3,913,216Expenses 2019: $2,878,695Net Income 2019: $1,034,5212019Revenue 2020: $4,233,252Expenses 2020: $3,655,610Net Income 2020: $577,6422020Revenue 2021: $4,250,504Expenses 2021: $3,685,959Net Income 2021: $564,5452021Revenue 2022: $3,922,970Expenses 2022: $3,892,955Net Income 2022: $30,0152022Revenue 2023: -$83,410Expenses 2023: $256,877Net Income 2023: -$340,2872023

Highlighted filing

2016

Revenue$1,433,815
Expenses$1,954,442
Net Income-$520,627
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,433,815
Mission and Program Overview

Mission

We're here to empower young people to lead impactful lives now and to create the untested future. this means that, while we are a school, our intent is to connect to real world skills and opportunities outside of school. after all - outside of school, adults are rarely segregated by age, are valued based on their work more than written tests; and typically only pursue knowledge that interests them or advances their career. As our peers move toward graduation, they will be prepared for whatever life after school may look like for them - in college, tech school, start-up companies, nonprofits, or as part of the workforce.the world young people are inheriting is big, diverse, always-changing, and more challenging than ever. students at (and graduates from) NEXT high school will be prepared for the unknown future by working with that future now; building their communities now; and making an impact now.

We will daily strive to prepare young people for life by challenging them to begin their lives now.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$127,551$396,244▲ $268,693
Pd in Cap Srpls Land Bldg Eqp Fund$0$140,338▲ $140,338
Cash and Non-Interest-Bearing Accounts$58,596$80,179▲ $21,583
Pledges and Grants Receivable$96,500$62,715▼ $33,785
Prepaid Expenses and Deferred Charges$26,694$2,986▼ $23,708
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-64,881$-850,355▼ $785,474
Total Assets$376,899$589,627▲ $212,728
Other Assets Total$67,558$47,503▼ $20,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$386,568$741,104▲ $354,536
Other Liabilities$1,060$353,505▲ $352,445
Accounts Payable and Accrued Expenses$54,152$205,035▲ $150,883
Total Liabilities$441,780$1,299,644▲ $857,864
Net Assets / Fund Balance
Total Net Assets Fund Balance$-64,881$-710,017▼ $645,136
Total Liabilities and Net Assets / Fund Balance$376,899$589,627▲ $212,728

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$143,005$78,619$221,624
Equipment$145,772$43,763$189,535
Other Land Buildings$107,467$20,456$127,923
Other Assets Org$47,503--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,433,815
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$167,362
Change in Net Assets
$-520,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,433,815
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,433,815
Total Revenue per Form 990
$1,433,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,057,529
Salaries, Compensation, and Employee Benefits$896,913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$354,763$247,366-$602,129
Occupancy$379,651$82,262-$461,913
Depreciation Depletion$117,631$25,207-$142,838
Other Employee Benefits$64,610$70,329-$134,939
Interest-$76,675-$76,675
Current Officers, Directors, Trustees, and Key Employees-$70,000-$70,000
Other Expenses$50,642$5,255-$55,897
Payroll Taxes$28,805$25,077-$53,882
Pension Plan Contributions$28,403$7,560-$35,963
Fees for Services Other-$22,400-$22,400
Insurance-$17,254-$17,254
Total Functional Expenses$1,066,196$888,246$0$1,954,442

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,954,442
Total Expenses per Audited Statements$1,954,442
Total Expenses per Form 990$1,954,442
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$317,542
Payroll Liabilities$35,963
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is presented and reviewed by all members of the board before being filed.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy was adopted shortly after the close of the tax year 6-30-2015.

Form 990, Part VI, Section B, Line 15A

Three board members formed an executive search committee. Salary and benefits were determined based upon local market comparison for like schools and educational non profits. Total compensation packages were approved by the full board. Also, the school district reviews and audits the organization's budget, including the reasonableness of salaries.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are made available on the organization website by request.

Filing and Contact Details

Filer

Filer Name
The Next School
EIN
45-5075869
Phone
8642146398
Address
2000 WADE HAMPTON BOULEVARD, GREENVILLE, SC 29615

Signing Officer

Name
Zach Eikenberry
Title
CEO/school Director
Phone
8642146398
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zach Eikenberry
Formed
2012
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
19
Volunteers
10

Preparer

Firm
Mccay Kiddy LLC
Address
1156 BOWMAN ROAD SUITE 100-A, MOUNT PLEASANT, SC 29464
Preparer
Justin K Kiddy Cpapfs Cfe Cva
Phone
8438814477
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior year liabilities -124,509.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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/EquipmentGrp/BookValueAmt0145772
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043763
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189535
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01954442
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0143005
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt078619
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0221624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt047503
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0107467
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020456
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0127923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1317542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01433815
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0396244
IRS990ScheduleD/TotalBookValueOtherAssetsAmt047503
IRS990ScheduleD/TotalExpensesPerForm990Amt01954442
IRS990ScheduleD/TotalLiabilityAmt0353505
IRS990ScheduleD/TotalRevenuePerForm990Amt01433815
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01433815
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01954442
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/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED AND REVIEWED BY ALL MEMBERS OF THE BOARD BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WAS ADOPTED SHORTLY AFTER THE CLOSE OF THE TAX YEAR 6-30-2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THREE BOARD MEMBERS FORMED AN EXECUTIVE SEARCH COMMITTEE. SALARY AND BENEFITS WERE DETERMINED BASED UPON LOCAL MARKET COMPARISON FOR LIKE SCHOOLS AND EDUCATIONAL NON PROFITS. TOTAL COMPENSATION PACKAGES WERE APPROVED BY THE FULL BOARD. ALSO, THE SCHOOL DISTRICT REVIEWS AND AUDITS THE ORGANIZATION'S BUDGET, INCLUDING THE REASONABLENESS OF SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION WEBSITE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR LIABILITIES -124,509.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0376899
IRS990/TotalAssetsEOYAmt0589627
IRS990/TotalAssetsGrp/BOYAmt0376899
IRS990/TotalAssetsGrp/EOYAmt0589627
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01433815
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0888246
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01066196
IRS990/TotalFunctionalExpensesGrp/TotalAmt01954442
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0441780
IRS990/TotalLiabilitiesEOYAmt01299644
IRS990/TotalLiabilitiesGrp/BOYAmt0441780
IRS990/TotalLiabilitiesGrp/EOYAmt01299644
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-64881
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-710017
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01066196
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01433815
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0376899
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0589627
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02000 WADE HAMPTON BOULEVARD
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029615
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEXTHIGHSCHOOL.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ZACH EIKENBERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/SCHOOL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08642146398
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NEXT SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEXT
ReturnHeader/Filer/EIN0455075869
ReturnHeader/Filer/PhoneNum08642146398
ReturnHeader/Filer/USAddress/AddressLine1Txt02000 WADE HAMPTON BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029615
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571112308
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCAY KIDDY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01156 BOWMAN ROAD SUITE 100-A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC

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