Civic Intelligence

Sedgefield School Inc

EIN 46-3360303 • 501(c)3 • Charlotte, NC

Profile

To provide a Montessori education

2830 Dorchester PlaceCharlotte, NC 28209

keystonemontessorischool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.29x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.39x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

22nd percentile

-9.7%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

17%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

3.9%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,036,898

Up $152,336 (+17%) from 2023

Liabilities

Up

$299,751

Up $194,419 (+185%) from 2023

Net Assets

Down

$737,147

Down $42,083 (-5.4%) from 2023

Revenue

Up

$777,207

Up $29,294 (+3.9%) from 2023

Expenses

Up

$852,425

Up $135,241 (+19%) from 2023

Net Income

Down

-$75,218

Down $105,947 (-345%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $41,121Liabilities 2014: $37,559Net Assets 2014: $3,5622014Assets 2015: $141,150Liabilities 2015: $38,044Net Assets 2015: $103,1062015Assets 2016: $274,295Liabilities 2016: $39,895Net Assets 2016: $234,4002016Assets 2017: $300,573Liabilities 2017: $6,882Net Assets 2017: $293,6912017Assets 2018: $330,179Liabilities 2018: $2,947Net Assets 2018: $327,2322018Assets 2019: $405,982Liabilities 2019: $9,095Net Assets 2019: $396,8872019Assets 2020: $568,998Liabilities 2020: $81,708Net Assets 2020: $487,2902020Assets 2021: $753,676Liabilities 2021: $87,801Net Assets 2021: $665,8752021Assets 2022: $877,560Liabilities 2022: $129,059Net Assets 2022: $748,5012022Assets 2023: $884,562Liabilities 2023: $105,332Net Assets 2023: $779,2302023Assets 2024: $1,036,898Liabilities 2024: $299,751Net Assets 2024: $737,1472024

Highlighted filing

2024

Assets$1,036,898
Liabilities$299,751
Net Assets$737,147

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $105,628Expenses 2014: $102,066Net Income 2014: $3,5622014Revenue 2015: $316,721Expenses 2015: $217,177Net Income 2015: $99,5442015Revenue 2016: $391,148Expenses 2016: $259,854Net Income 2016: $131,2942016Revenue 2017: $386,876Expenses 2017: $327,585Net Income 2017: $59,2912017Revenue 2018: $435,852Expenses 2018: $402,311Net Income 2018: $33,5412018Revenue 2019: $511,951Expenses 2019: $442,296Net Income 2019: $69,6552019Revenue 2020: $578,192Expenses 2020: $487,789Net Income 2020: $90,4032020Revenue 2021: $820,980Expenses 2021: $642,396Net Income 2021: $178,5842021Revenue 2022: $791,030Expenses 2022: $708,404Net Income 2022: $82,6262022Revenue 2023: $747,913Expenses 2023: $717,184Net Income 2023: $30,7292023Revenue 2024: $777,207Expenses 2024: $852,425Net Income 2024: -$75,2182024

Highlighted filing

2024

Revenue$777,207
Expenses$852,425
Net Income-$75,218

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$777,207
Mission and Program Overview

Mission

To provide a Montessori education

Our mission is to support the natural development of children from theages of three to twelve by providing authentic, AMI Montessori learning environments where children have the opportunity to engage in joyful, purposeful, and self-selected work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$856,637-
Rtn Earn Endowment Incm Other Fnds$779,230$704,012▼ $75,218
Savings and Temporary Cash Investments$622,535--
Cash and Non-Interest-Bearing Accounts$186,554$90,995▼ $95,559
Land, Buildings, and Equipment, Net$75,182$89,061▲ $13,879
Cap Stk Tr Prin Current Funds-$33,135-
Total Assets$884,562$1,036,898▲ $152,336
Other Assets Total$291$205▼ $86
Liabilities
Other Liabilities-$200,000-
Deferred Revenue$100,450$97,290▼ $3,160
Accounts Payable and Accrued Expenses$4,882$2,461▼ $2,421
Total Liabilities$105,332$299,751▲ $194,419
Net Assets / Fund Balance
Total Net Assets Fund Balance$779,230$737,147▼ $42,083
Total Liabilities and Net Assets / Fund Balance$884,562$1,036,898▲ $152,336

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$80,344$15,854$96,198
Equipment$8,717$159$8,876
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hawley HoggardHead of School and PresidentFT$128,298$128,298
Allyson CreelAsstHead of SchoolFT$81,166$81,166

Board Members and Trustees

NameTitle
Ariana ShahinfarChairman of the Board
Amy LovettBoard Member
Dan LewisBoard Member
Joanna SmithBoard Member
Patricia KellyBoard Member
Virginia BrooksBoard Member
Danielle CookSecretary
Paul IbsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$533
Program Service Revenue
$752,709
Investment Income
$23,965
Other Revenue
$0
All Other Contributions
$525
Change in Net Assets
$-75,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$665,007
Other Expenses$187,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$353,857--$353,857
Current Officers, Directors, Trustees, and Key Employees$209,463--$209,463
Occupancy$60,825--$60,825
Other Employee Benefits$47,044--$47,044
All Other Expenses$46,770--$46,770
Payroll Taxes$43,884--$43,884
Fees for Services Accounting$14,527--$14,527
Advertising$13,254--$13,254
Insurance$12,054--$12,054
Pension Plan Contributions$10,759--$10,759
Fees for Services Other$5,636--$5,636
Depreciation Depletion$3,663--$3,663
Office Expenses$2,837--$2,837
Information Technology$2,448--$2,448
Other Expenses$2,042--$2,042
Travel$649--$649
Total Functional Expenses$852,425$0$0$852,425
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
Due To Keystone Montessori$200,000
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 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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The Board reviews the Form 990

Conflict of interest policy compliance Part VI line 12C

The entire Board (governing body) is responsible for monitoring the conflict of interest policy

CEO executive director top management comp Part VI line 15A

The entire Board (governing body) determines compensation

Other officer or key employee compensation Part VI line 15B

The entire Board (governing body) determines the compensation for the officers and/or key employees

Governing documents etc available to public Part VI line 19

The governing documents, etc. are available to the general public upon request

Filing and Contact Details

Filer

Filer Name
Sedgefield School Inc
EIN
46-3360303
Address
2830 Dorchester Place, Charlotte, NC 28209

Signing Officer

Name
Allyson Creel
Title
Head of School
Phone
9803550900
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hawley Hoggard
Formed
2013
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
14

Preparer

Firm
D Mac Willet CPA PC
Address
PO Box 12414, Charlotte, NC 28220
Preparer
Alex J Duer CPA
Phone
7045290099
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Funds Transferred from Related Org Keystone Montessori School, Inc 46-3237666 for purpose of tuition assistance

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0779230
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0704012
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0622535
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt08717
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08876
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt080344
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015854
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt096198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due To Keystone Montessori
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089061
IRS990ScheduleD/TotalLiabilityAmt0200000
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The entire Board (governing body) is responsible for monitoring the conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The entire Board (governing body) determines compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The entire Board (governing body) determines the compensation for the officers and/or key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents, etc. are available to the general public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Funds Transferred from Related Org Keystone Montessori School, Inc 46-3237666 for purpose of tuition assistance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Keystone Montessori School Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0463237666
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Montessori Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02830 Dorchester Place
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Charlotte
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0884562
IRS990/TotalAssetsEOYAmt01036898
IRS990/TotalAssetsGrp/BOYAmt0884562
IRS990/TotalAssetsGrp/EOYAmt01036898
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0533
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0852425
IRS990/TotalFunctionalExpensesGrp/TotalAmt0852425
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105332
IRS990/TotalLiabilitiesEOYAmt0299751
IRS990/TotalLiabilitiesGrp/BOYAmt0105332
IRS990/TotalLiabilitiesGrp/EOYAmt0299751
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0779230
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0737147
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0852425
IRS990/TotalProgramServiceRevenueAmt0752709
IRS990/TotalReportableCompFromOrgAmt0209464
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0776674
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0777207
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0884562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01036898
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0649
IRS990/TravelGrp/TotalAmt0649

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