Civic Intelligence

The Association of Boarding Schools

EIN 52-2206491 • 501(c)3 • Asheville, NC

View Organization Page

Profile

To promote awareness and understanding of boarding schools, expand the applicant pool for member institutions, and offer training, research, guidance, and support on all issues pertaining to the residual school experience.

1 North Pack Square No 301Asheville, NC 28801

www.boardingschools.com

Siviq Scores

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

Liabilities / Assets

81st percentile

0.58x

Higher debt load relative to assets than 81% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.51x

Higher debt load relative to revenue than 83% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

36th percentile

-0.0%

Higher net margin than 36% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

97th percentile

$412,347

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

73rd percentile

17%

Faster asset growth than 73% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-10%

Faster revenue growth than 21% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$2,543,500

Up $319,766 (+14%) from 2022

Liabilities

Up

$1,672,631

Up $285,583 (+21%) from 2022

Net Assets

Up

$870,869

Up $34,183 (+4.1%) from 2022

Operations
Liabilities / Revenue83rd percentileNet Margin36th percentile

Revenue

Up

$3,562,669

Up $257,512 (+7.8%) from 2022

Expenses

Up

$3,438,588

Up $478,303 (+16%) from 2022

Net Income

Down

$124,081

Down $220,791 (-64%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,990,015Liabilities 2010: $1,029,947Net Assets 2010: $1,960,0682010Assets 2011: $2,682,253Liabilities 2011: $846,326Net Assets 2011: $1,835,9272011Assets 2012: $2,356,387Liabilities 2012: $802,030Net Assets 2012: $1,554,3572012Assets 2013: $2,382,589Liabilities 2013: $991,782Net Assets 2013: $1,390,8072013Assets 2014: $2,324,254Liabilities 2014: $957,504Net Assets 2014: $1,366,7502014Assets 2015: $2,140,370Liabilities 2015: $1,017,114Net Assets 2015: $1,123,2562015Assets 2016: $3,317,672Liabilities 2016: $2,827,355Net Assets 2016: $490,3172016Assets 2017: $4,160,440Liabilities 2017: $3,031,589Net Assets 2017: $1,128,8512017Assets 2018: $2,954,005Liabilities 2018: $2,202,578Net Assets 2018: $751,4272018Assets 2019: $1,218,674Liabilities 2019: $1,346,951Net Assets 2019: -$128,2772019Assets 2020: $956,854Liabilities 2020: $980,259Net Assets 2020: -$23,4052020Assets 2021: $1,562,148Liabilities 2021: $946,051Net Assets 2021: $616,0972021Assets 2022: $2,223,734Liabilities 2022: $1,387,048Net Assets 2022: $836,6862022Assets 2023: $2,543,500Liabilities 2023: $1,672,631Net Assets 2023: $870,8692023

Highlighted filing

2023

Assets$2,543,500
Liabilities$1,672,631
Net Assets$870,869
Open 2023 Filing

Operations Trend

Revenue Growth21st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,457,0622010Expenses 2011: $2,689,9202011Expenses 2012: $2,851,8602012Expenses 2013: $2,744,6942013Revenue 2014: $2,969,771Expenses 2014: $2,995,252Net Income 2014: -$25,4812014Revenue 2015: $2,946,928Expenses 2015: $3,159,996Net Income 2015: -$213,0682015Revenue 2016: $3,071,815Expenses 2016: $3,707,079Net Income 2016: -$635,2642016Revenue 2017: $5,689,994Expenses 2017: $5,117,474Net Income 2017: $572,5202017Revenue 2018: $5,561,168Expenses 2018: $5,883,979Net Income 2018: -$322,8112018Revenue 2019: $5,570,667Expenses 2019: $6,239,075Net Income 2019: -$668,4082019Revenue 2020: $5,155,850Expenses 2020: $5,051,615Net Income 2020: $104,2352020Revenue 2021: $3,515,260Expenses 2021: $3,234,601Net Income 2021: $280,6592021Revenue 2022: $3,305,157Expenses 2022: $2,960,285Net Income 2022: $344,8722022Revenue 2023: $3,562,669Expenses 2023: $3,438,588Net Income 2023: $124,0812023

Highlighted filing

2023

Revenue$3,562,669
Expenses$3,438,588
Net Income$124,081
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$2,543,500
Liabilities
$1,672,631
Net assets
$870,869
Revenue
$3,562,669
Expenses
$3,438,588
Net income
$124,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.54$1.67$0.87$3.56$3.44$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$1.39$0.84$3.31$2.96$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.95$0.62$3.52$3.23$0.28
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.98$0.02$5.16$5.05$0.10
2019Summary only. Only limited summary data is available for this year.$1.22$1.35$0.13$5.57$6.24$0.67
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$2.20$0.75$5.56$5.88$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$3.03$1.13$5.69$5.12$0.57
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$2.83$0.49$3.07$3.71$0.64
2015Detailed filing. Detailed filing data is available for this year.$2.14$1.02$1.12$2.95$3.16$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.32$0.96$1.37$2.97$3.00$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.99$1.39$2.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.80$1.55$2.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.85$1.84$2.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$1.03$1.96$2.46
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 5, 2022
Return Version
2020v4.2
Gross Receipts
$3,562,248
Mission and Program Overview

Mission

The tabs mission is to counsel, connect, and champion boarding schools so they can transform the lives of their students.

Promoting awareness of boarding schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$415,569$647,142▲ $231,573
Investments Other Securities$261,074$619,827▲ $358,753
Accounts Receivable$3,749$90,946▲ $87,197
Prepaid Expenses and Deferred Charges$58,453$72,617▲ $14,164
Intangible Assets$145,854$60,842▼ $85,012
Investments in Publicly Traded Securities$49,865$52,828▲ $2,963
Land, Buildings, and Equipment, Net$17,985$13,641▼ $4,344
Savings and Temporary Cash Investments$103$103→ $0
Total Assets$956,854$1,562,148▲ $605,294
Other Assets Total$4,202$4,202→ $0
Liabilities
Deferred Revenue$401,771$499,828▲ $98,057
Unsecured Notes Loans Payable$379,603$379,603→ $0
Accounts Payable and Accrued Expenses$198,885$66,620▼ $132,265
Total Liabilities$980,259$946,051▼ $34,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-23,405$616,097▲ $639,502
Total Net Assets Fund Balance$-23,405$616,097▲ $639,502
Total Liabilities and Net Assets / Fund Balance$956,854$1,562,148▲ $605,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,641$84,492$98,133
Leasehold Improvements$0$5,260$5,260
Other Securities$619,827--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter UphamExecutive DirectorFT$256,434$36,425$292,859
Sheila MitchellVP of Market Growth/deputy Managing Directory of NFT$255,634$32,552$288,186
Sheila MitchellVP of Market Growth/deputy Managing-$210,134$78,052$288,186
Anne LundahlVP of Brand CommunicationsFT$126,518$26,417$152,935
Megan CartierFormer Managing Director, Nabi & Market GrowthFT$131,225$17,237$148,462
Daniel GentleDirector of Member Relations & Association AdvanceFT$106,565$28,656$135,221
Michael ShaverDirector of International Recruitment & ProgramsFT$101,039$14,856$115,895
Brett FuhrmanVP, Finance & Operations (from 8/2020)FT$84,353$15,372$99,725
John BolandInterim VP, Finance & Operations (to 8/2020)FT$97,500-$97,500

Board Members and Trustees

NameTitle
Ben WilliamsChair
Suzanne BuckVice-chair
Alex CurtisDirector
Anthony SgroDirector
Erby MitchellDirector
Greg BucklesDirector
Innes Van NostrandDirector
Jeff LeahyDirector
Jill HutchinsDirector
Jody Reilly SojaDirector
Julie FaulstichDirector
Laura DanforthDirector
Lawrence SampletonDirector
Margaret BradleyDirector
Michael BerginDirector
Christopher SeeleySecretary
Heidi Vanderbilt-brownTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
St John & Partners Advertising And PublAdvertising1 N MAIN ST 4TH FLOOR, Greenville, SC 29601$576,606
Revenue and Support

Revenue Composition

Contributions and Grants
$396,603
Program Service Revenue
$2,927,789
Investment Income
$2,783
Other Revenue
$188,085
All Other Contributions
$17,000
Change in Net Assets
$280,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,019,704
Other Expenses$1,214,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$814,320$350,437-$1,164,757
Current Officers, Directors, Trustees, and Key Employees$366,591$162,431-$529,022
Advertising$376,812$35,807-$412,619
Information Technology$93,730$177,007-$270,737
Other Employee Benefits$116,764$64,046-$180,810
Conferences and Meetings$149,117--$149,117
Payroll Taxes$74,752$33,320-$108,072
Fees for Services Other$45,098$58,195-$103,293
Depreciation Depletion$54,015$38,040-$92,055
Office Expenses$4,073$48,683-$52,756
Fees for Services Legal$13,827$30,812-$44,639
Pension Plan Contributions$23,945$13,098-$37,043
Occupancy$6,227$30,499-$36,726
Fees for Services Accounting$8,730$19,455-$28,185
Insurance-$13,508-$13,508
Other Expenses$389$6,060-$6,449
Travel$3,673$1,065-$4,738
All Other Expenses-$75-$75
Total Functional Expenses$2,152,063$1,082,538$0$3,234,601
International Activity

International Summary

Offices
0
Employees
12
Spending
$260,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesRemote Employee Location to Promote Awareness and Understanding of Boarding Schools and Expand the Applicant Pool for Member Instituitions.01$159,000
East Asia and the PacificProgram ServicvesVirtual Tours to Promote Awareness and Understanding of Boarding Schools and Expand the Applicant Pool for Member Instituitions.04$40,000
Sub-saharan AfricaProgram ServicesVirtual Tours to Promote Awareness and Understanding of Boarding Schools and Expand the Applicant Pool for Member Instituitions.05$40,000
EuropeProgram ServicesVirtual Tours to Promote Awareness and Understanding of Boarding Schools and Expand the Applicant Pool for Member Instituitions.02$21,000
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is compiled in draft form and submitted to the vice president, finance and operations forinitial review and comment period. Once reviewed it is provided to the executive director for reviewand comment. Once it is approved internally, it is provided to the full board of directors andscheduled on the agenda of the audit committee for review, discussion and approval. Once approvedin final form by the audit committee it is signed and filed.”

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

“All officers and directors are required to complete and sign a form indicating any possible conflicts of interest to which they are aware the organization annually monitors and re views its business relationships to identify possible conflicts of interest on the part of officers and directors.”

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

“The salary of the executive director of the organization is set in light of comparability data, established through written contract, and approved by the full board in executive session. The only compensated officer is the executive director. Other senior managers work under annual contracts at the pleasure of the executive director, to which the executive director establishes their compensation on the basis of the prevailing market and indivdiual job performance. The executive director's compensation was last reviewed in october 2021.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial stateme nts are available upon request at the organizations administrative office or by mail, fax, or email request.”

Filing and Contact Details

Filer

Filer Name
The Association of Boarding Schools
EIN
52-2206491
Phone
8282585354
Address
1 NORTH PACK SQUARE NO 301, ASHEVILLE, NC 28801

Signing Officer

Name
Peter Upham
Title
Executive Director
Phone
8282585354
Signed
2022-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Upham
Formed
1999
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
17
Employees
18
Volunteers
70

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS RD STE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization believes that its federal income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position.”

Raw XML AppendixShowing 400 of 785 raw XML fields

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/ActivityOrMissionDesc0PROMOTING AWARENESS OF BOARDING SCHOOLS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
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IRS990/Form990PartVIISectionAGrp/PersonNm1SHEILA MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNE LUNDAHL
IRS990/Form990PartVIISectionAGrp/PersonNm3MEGAN CARTIER
IRS990/Form990PartVIISectionAGrp/PersonNm4DANIEL GENTLE
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL SHAVER
IRS990/Form990PartVIISectionAGrp/PersonNm6BRETT FUHRMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN BOLAND
IRS990/Form990PartVIISectionAGrp/PersonNm8BEN WILLIAMS
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IRS990/Form990PartVIISectionAGrp/PersonNm11HEIDI VANDERBILT-BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL BERGIN
IRS990/Form990PartVIISectionAGrp/PersonNm13MARGARET BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14GREG BUCKLES
IRS990/Form990PartVIISectionAGrp/PersonNm15ALEX CURTIS
IRS990/Form990PartVIISectionAGrp/PersonNm16LAURA DANFORTH
IRS990/Form990PartVIISectionAGrp/PersonNm17JULIE FAULSTICH
IRS990/Form990PartVIISectionAGrp/PersonNm18JILL HUTCHINS
IRS990/Form990PartVIISectionAGrp/PersonNm19JEFF LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm20ERBY MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm21INNES VAN NOSTRAND
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IRS990/Form990PartVIISectionAGrp/PersonNm23ANTHONY SGRO
IRS990/Form990PartVIISectionAGrp/PersonNm24JODY REILLY SOJA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF MARKET GROWTH/DEPUTY MANAGING DIRECTORY OF N
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF BRAND COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3FORMER MANAGING DIRECTOR, NABI & MARKET GROWTH
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF MEMBER RELATIONS & ASSOCIATION ADVANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF INTERNATIONAL RECRUITMENT & PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP, FINANCE & OPERATIONS (FROM 8/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt7INTERIM VP, FINANCE & OPERATIONS (TO 8/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/MissionDesc0TO PROMOTE AWARENESS AND UNDERSTANDING OF BOARDING SCHOOLS, EXPAND THE APPLICANT POOL FOR MEMBER INSTITUTIONS, AND OFFER TRAINING, RESEARCH, GUIDANCE, AND SUPPORT ON ALL ISSUES PERTAINING TO THE RESIDENTIAL SCHOOL EXPERIENCE.
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0NORTH AMERICAN BOARDIN
IRS990/ProgramServiceRevenueGrp/Desc1DUES & REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCE REGISTRATIO
IRS990/ProgramServiceRevenueGrp/Desc3INTERNATIONAL TRAVEL
IRS990/ProgramServiceRevenueGrp/Desc4WORKSHOPS & SEMINARS

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