Civic Intelligence

The New Community School Foundation

EIN 54-0973221 • 501(c)3 • Richmond, VA

Profile

The new community school empowers bright, talented students who are challenged by dyslexia and related learning differences. The innovative and research-based college preparatory curriculum uses a customized educational approach to build skills and to foster academic and personal stregths - igniting the passions and gifts of unique minds.

4211 Hermitage RdRichmond, VA 23227-3718

tncs.org

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.08x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

42nd percentile

0.21x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

28th percentile

-2.5%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

44th percentile

3.8%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

0.8%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$25,864,544

Up $956,058 (+3.8%) from 2024

Liabilities

Up

$1,945,662

Up $448,767 (+30%) from 2024

Net Assets

Up

$23,918,882

Up $507,291 (+2.2%) from 2024

Revenue

Up

$9,380,276

Up $78,128 (+0.8%) from 2024

Expenses

Up

$9,614,180

Up $1,258,772 (+15%) from 2024

Net Income

Down

-$233,904

Down $1,180,644 (-125%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $7,375,315Liabilities 2011: $845,425Net Assets 2011: $6,529,8902011Assets 2012: $7,614,453Liabilities 2012: $1,092,019Net Assets 2012: $6,522,4342012Assets 2013: $8,082,520Liabilities 2013: $1,245,008Net Assets 2013: $6,837,5122013Assets 2014: $9,712,444Liabilities 2014: $1,741,212Net Assets 2014: $7,971,2322014Assets 2015: $11,723,161Liabilities 2015: $1,784,652Net Assets 2015: $9,938,5092015Assets 2016: $13,831,302Liabilities 2016: $2,413,196Net Assets 2016: $11,418,1062016Assets 2017: $15,432,585Liabilities 2017: $2,520,393Net Assets 2017: $12,912,1922017Assets 2018: $16,393,988Liabilities 2018: $2,830,016Net Assets 2018: $13,563,9722018Assets 2019: $15,926,126Liabilities 2019: $1,511,799Net Assets 2019: $14,414,3272019Assets 2020: $17,741,262Liabilities 2020: $2,108,510Net Assets 2020: $15,632,7522020Assets 2021: $22,490,618Liabilities 2021: $1,649,067Net Assets 2021: $20,841,5512021Assets 2022: $23,560,942Liabilities 2022: $2,484,412Net Assets 2022: $21,076,5302022Assets 2023: $24,474,453Liabilities 2023: $2,559,775Net Assets 2023: $21,914,6782023Assets 2024: $24,908,486Liabilities 2024: $1,496,895Net Assets 2024: $23,411,5912024Assets 2025: $25,864,544Liabilities 2025: $1,945,662Net Assets 2025: $23,918,8822025

Highlighted filing

2025

Assets$25,864,544
Liabilities$1,945,662
Net Assets$23,918,882

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,057,028Expenses 2011: $2,729,466Net Income 2011: $327,5622011Expenses 2012: $2,751,2002012Revenue 2013: $3,182,452Expenses 2013: $2,916,595Net Income 2013: $265,8572013Revenue 2014: $4,040,640Expenses 2014: $3,142,602Net Income 2014: $898,0382014Revenue 2015: $6,078,239Expenses 2015: $3,906,649Net Income 2015: $2,171,5902015Revenue 2016: $5,962,182Expenses 2016: $4,268,534Net Income 2016: $1,693,6482016Revenue 2017: $5,952,159Expenses 2017: $4,834,889Net Income 2017: $1,117,2702017Revenue 2018: $6,387,764Expenses 2018: $5,949,189Net Income 2018: $438,5752018Revenue 2019: $6,213,215Expenses 2019: $5,388,544Net Income 2019: $824,6712019Revenue 2020: $7,207,865Expenses 2020: $6,016,127Net Income 2020: $1,191,7382020Revenue 2021: $10,526,433Expenses 2021: $6,544,800Net Income 2021: $3,981,6332021Revenue 2022: $8,465,673Expenses 2022: $7,026,971Net Income 2022: $1,438,7022022Revenue 2023: $8,326,208Expenses 2023: $7,934,689Net Income 2023: $391,5192023Revenue 2024: $9,302,148Expenses 2024: $8,355,408Net Income 2024: $946,7402024Revenue 2025: $9,380,276Expenses 2025: $9,614,180Net Income 2025: -$233,9042025

Highlighted filing

2025

Revenue$9,380,276
Expenses$9,614,180
Net Income-$233,904

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$25.9$1.95$23.9$9.38$9.61$0.23
2024Detailed filing. Detailed filing data is available for this year.$24.9$1.50$23.4$9.30$8.36$0.95
2023Detailed filing. Detailed filing data is available for this year.$24.5$2.56$21.9$8.33$7.93$0.39
2022Detailed filing. Detailed filing data is available for this year.$23.6$2.48$21.1$8.47$7.03$1.44
2021Detailed filing. Detailed filing data is available for this year.$22.5$1.65$20.8$10.5$6.54$3.98
2020Detailed filing. Detailed filing data is available for this year.$17.7$2.11$15.6$7.21$6.02$1.19
2019Summary only. Only limited summary data is available for this year.$15.9$1.51$14.4$6.21$5.39$0.82
2018Summary only. Only limited summary data is available for this year.$16.4$2.83$13.6$6.39$5.95$0.44
2017Summary only. Only limited summary data is available for this year.$15.4$2.52$12.9$5.95$4.83$1.12
2016Summary only. Only limited summary data is available for this year.$13.8$2.41$11.4$5.96$4.27$1.69
2015Summary only. Only limited summary data is available for this year.$11.7$1.78$9.94$6.08$3.91$2.17
2014Detailed filing. Detailed filing data is available for this year.$9.71$1.74$7.97$4.04$3.14$0.90
2013Summary only. Only limited summary data is available for this year.$8.08$1.25$6.84$3.18$2.92$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.61$1.09$6.52$2.75
2011Summary only. Only limited summary data is available for this year.$7.38$0.85$6.53$3.06$2.73$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$9,621,561
Mission and Program Overview

Mission

The new community school empowers bright, talented students who are challenged by dyslexia and related learning differences. The innovative and research-based college preparatory curriculum uses a customized educational approach to build skills in language and math and to foster academic and personal strengths - igniting the passions and gifts of unique minds.

The new community school empowers bright, talented students who are challenged by dyslexia and related learning differences. The innovative and research-based college preparatory curriculum uses a customized educational approach to build skills and to foster academic and personal stregths - igniting the passions and gifts of unique minds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,045,332$12,442,465▼ $602,867
Investments in Publicly Traded Securities$8,472,063$8,070,917▼ $401,146
Cash and Non-Interest-Bearing Accounts$2,769,254$4,867,396▲ $2,098,142
Pledges and Grants Receivable$403,459$304,860▼ $98,599
Prepaid Expenses and Deferred Charges$61,744$67,146▲ $5,402
Accounts Receivable$26,289$29,162▲ $2,873
Inventories for Sale or Use$5,469$4,362▼ $1,107
Total Assets$24,908,486$25,864,544▲ $956,058
Other Assets Total$124,876$78,236▼ $46,640
Liabilities
Deferred Revenue$1,246,822$1,671,447▲ $424,625
Accounts Payable and Accrued Expenses$89,652$161,364▲ $71,712
Other Liabilities$160,421$112,851▼ $47,570
Total Liabilities$1,496,895$1,945,662▲ $448,767
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,852,210$14,542,739▼ $309,471
Net Assets With Donor Restrictions$8,559,381$9,376,143▲ $816,762
Total Net Assets Fund Balance$23,411,591$23,918,882▲ $507,291
Total Liabilities and Net Assets / Fund Balance$24,908,486$25,864,544▲ $956,058

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,373,940$4,373,972$14,747,912
Leasehold Improvements$1,080,488$1,143,169$2,223,657
Equipment$229,164$806,731$1,035,895
Land$689,068-$689,068
Other Land Buildings$69,805$242,490$312,295

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,302,232$46,449▲ $896,811$229,000$8,016,492
2023$6,471,428$220,627▲ $799,177$189,000$7,302,232
2022$6,018,583$31,245▲ $577,264$155,664$6,471,428
2021$7,066,396$59,440▼ $967,254$139,999$6,018,583
2020$5,577,543$147,445▲ $1,460,932$119,525$7,066,395
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy FoyHead of SchoFT$220,099$26,533$246,632
Nancy FoyHead of School-$220,099$26,533$246,632
Joy BuzzardDirector Finance-$120,423$16,300$136,723
Scott BrayAssoc Head OFT$112,455$16,123$128,578

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,240,907
Program Service Revenue
$7,752,711
Investment Income
$347,311
Other Revenue
$39,347
All Other Contributions
$1,240,907
Change in Net Assets
$-233,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,380,276
Revenue Not Reported on Form 990
$747,275
Total Revenue per Audited Statements
$10,127,551
Total Revenue per Form 990
$9,380,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,317,113
Other Expenses$2,163,780
Grants and Similar Amounts Paid$1,133,287
Total Fundraising Expense$511,610
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,775,080$578,338$150,425$4,503,843
Grants to Domestic Individuals$1,133,287--$1,133,287
Depreciation Depletion-$740,861-$740,861
Other Employee Benefits$491,638$120,421$22,031$634,090
Current Officers, Directors, Trustees, and Key Employees$446,678$69,129$15,953$531,760
Occupancy$5,172$423,929-$429,101
Payroll Taxes$310,683$53,082$12,602$376,367
Pension Plan Contributions$235,333$28,535$7,185$271,053
Advertising-$63,965$68,649$132,614
Information Technology$56,940$12,832$38,567$108,339
Fees for Services Legal-$94,430-$94,430
Fees for Services Other$2,853$50,828$35,476$89,157
Insurance-$85,800-$85,800
Office Expenses-$36,988$28,119$65,107
Fees for Service Investment Mgmnt Fees-$35,046$2,486$37,532
Fees for Services Accounting-$33,650-$33,650
All Other Expenses$1,249,791$-1,348,832$126,059$27,018
Other Expenses$1,138$24,579$840$26,557
Interest-$3,861-$3,861
Total Functional Expenses$7,941,951$1,160,619$511,610$9,614,180

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,620,260
Expenses per Audited Statements$9,614,180
Total Expenses per Form 990$9,614,180
Expenses Not Reported on Form 990$6,080
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
Finance Lease Obligation$81,347
Agency Funds$31,504
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was made available to the board members and was carefully reviewed prior to filing.

Form 990, Page 6, Part VI, Line 12C

Beginning each fiscal year, trustees are asked to sign and complete a conflict of interest statement acknowledging that they have read the conflict of interest policy and identified businesses and/or other organizations where they have vested interests that may present conflicts. The director of development ensures collection of all forms which are reviewed by the committee on trusteeship. Before undertaking significant contracts, the statements are reviewed and any disclosures are made at that time.

Form 990, Page 6, Part VI, Line 15A

In january of each year, members of the executive committee of the board (generally including at least the president and vice president) review a report of the compensation levels for heads of schools across the richmond metro area and the virginia association of independent schools (vais). This data is provided through the national association of independent schools dasl (data and analysis for school leadership) database. The head's compensation group strives to develop a salary and benefits program that provides appropriate compensation for the head of school.

Form 990, Page 6, Part VI, Line 19

The school makes its governing documents, conflict of interest, and financial statements available to the public upon request. Such requests are processed by the business and development offices. Some financial information is also included on the school's website. The annual report is distributed to donors as well as guidestar.com.

Filing and Contact Details

Filer

Filer Name
The New Community School Foundation
EIN
54-0973221
Phone
8042662494
Address
4211 HERMITAGE RD, RICHMOND, VA 23227-3718

Signing Officer

Name
Nancy Foy
Title
Head of School
Phone
8042662494
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Foy
Formed
1974
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
98
Volunteers
50

Preparer

Firm
Wellscoleman
Address
5004 MONUMENT AVE, RICHMOND, VA 23230
Preparer
Rebecca J Tres
Phone
8043581150
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The new community school empowers bright, talented students who are challenged by dyslexia and related learning differences. The innovative and research-based college preparatory curriculum uses a customized educational approach to build skills and to foster academic and personal stregths - igniting the passions and gifts of unique minds.

Form 990, Page 2, Part III, Line 4A

In the 2024-25 fiscal year, the new community school enrolled 212 students in grades 5-12. For 50 years, tncs has been the region's only middle and upper school dedicated to empowering bright, talented students who are challenged by dyslexia and related learning differences. An innovative college preparatory curriculum uses a customized educational approach to build skills and foster academic and personal strengths. Small class sizes, a 4:1 student teacher ratio, and a dedicated faculty ensure that all students acquire the tools and strategies they need to succeed. Vibrant student life, electives, athletics, and wellness programs help launch students with the knowledge, skills, and resilience to pursue their passions, navigate the opportunities and challenges of their world, and live their lives with courage, compassion, and purpose.

Form 990, Part XI, Line 9

Rental expenses netted with income 6,080 rental expenses netted with income -6,080

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Rental expenses netted with income 6,080

Schedule D, Page 4, Part XII, Line 2D

Rental expenses netted with income 6,080

Raw XML AppendixShowing 400 of 603 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/ActivityOrMissionDesc0THE NEW COMMUNITY SCHOOL EMPOWERS BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. THE INNOVATIVE AND RESEARCH-BASED COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND TO FOSTER ACADEMIC AND PERSONAL STREGTHS - IGNITING THE PASSIONS AND GIFTS OF UNIQUE MINDS.
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IRS990/Desc0IN THE 2024-25 FISCAL YEAR, THE NEW COMMUNITY SCHOOL ENROLLED 212 STUDENTS IN GRADES 5-12. FOR 50 YEARS, TNCS HAS BEEN THE REGION'S ONLY MIDDLE AND UPPER SCHOOL DEDICATED TO EMPOWERING BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. AN INNOVATIVE COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND FOSTER ACADEMIC AND PERSONAL STRENGTHS. SMALL CLASS SIZES, A 4:1 STUDENT TEACHER RATIO, AND A DEDICATED FACULTY ENSURE THAT ALL STUDENTS ACQUIRE THE TOOLS AND STRATEGIES THEY NEED TO SUCCEED. VIBRANT STUDENT LIFE, ELECTIVES, ATHLETICS, AND WELLNESS PROGRAMS HELP LAUNCH STUDENTS WITH THE KNOWLEDGE, SKILLS, AND RESILIENCE TO PURSUE THEIR PASSIONS, NAVIGATE THE OPPORTUNITIES AND CHALLENGES OF THEIR WORLD, AND LIVE THEIR LIVES WITH COURAGE, COMPASSION, AND PURPOSE.
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IRS990/DonorRstrOrQuasiEndowmentsInd0true
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRES. ELCT/T
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IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHO
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSOC HEAD O
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IRS990/MissionDesc0THE NEW COMMUNITY SCHOOL EMPOWERS BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. THE INNOVATIVE AND RESEARCH-BASED COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND TO FOSTER ACADEMIC AND PERSONAL STREGTHS - IGNITING THE PASSIONS AND GIFTS OF UNIQUE MINDS.
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