Civic Intelligence

New Horizons Elementary School

990 • Fiscal year 2021 • EIN 56-1380587

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 08, 2022

Organization Profilewww.newhorizonselementary.org
3705 South College RoadWilmington, NC 28412

(910) 392-5209

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,297,373

Up $190,275 (+17%) from 2020

Net Assets

Down

$380,063

Down $44,597 (-11%) from 2020

Liabilities

Up

$917,310

Up $234,872 (+34%) from 2020

Revenue And Expenses

Revenue

Up

$936,308

Up $67,418 (+7.8%) from 2020

Expenses

Up

$980,905

Up $58,695 (+6.4%) from 2020

Net Income

Up

-$44,597

Up $8,723 (+16%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,140,787Liabilities 2010: $693,151Net Assets 2010: $447,6362010Assets 2011: $989,962Liabilities 2011: $521,638Net Assets 2011: $468,3242011Assets 2012: $976,321Liabilities 2012: $515,233Net Assets 2012: $461,0882012Assets 2013: $1,114,149Liabilities 2013: $589,145Net Assets 2013: $525,0042013Assets 2014: $1,115,236Liabilities 2014: $533,699Net Assets 2014: $581,5372014Assets 2015: $1,094,748Liabilities 2015: $474,638Net Assets 2015: $620,1102015Assets 2016: $1,073,220Liabilities 2016: $505,080Net Assets 2016: $568,1402016Assets 2017: $1,052,241Liabilities 2017: $512,237Net Assets 2017: $540,0042017Assets 2018: $1,068,285Liabilities 2018: $530,880Net Assets 2018: $537,4052018Assets 2019: $1,103,023Liabilities 2019: $625,043Net Assets 2019: $477,9802019Assets 2020: $1,107,098Liabilities 2020: $682,438Net Assets 2020: $424,6602020Assets 2021: $1,297,373Liabilities 2021: $917,310Net Assets 2021: $380,0632021Assets 2022: $1,677,658Liabilities 2022: $1,171,708Net Assets 2022: $505,9502022Assets 2023: $1,370,136Liabilities 2023: $916,232Net Assets 2023: $453,9042023Assets 2024: $1,504,989Liabilities 2024: $1,097,373Net Assets 2024: $407,6162024Assets 2025: $1,601,670Liabilities 2025: $895,960Net Assets 2025: $705,7102025

Highlighted filing

2021

Assets$1,297,373
Liabilities$917,310
Net Assets$380,063
Open 2021 Filing

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $661,2972010Expenses 2011: $725,4522011Revenue 2012: $745,837Expenses 2012: $753,073Net Income 2012: -$7,2362012Expenses 2013: $741,0312013Revenue 2014: $782,478Expenses 2014: $725,945Net Income 2014: $56,5332014Revenue 2015: $712,305Expenses 2015: $673,732Net Income 2015: $38,5732015Revenue 2016: $698,648Expenses 2016: $746,808Net Income 2016: -$48,1602016Revenue 2017: $756,401Expenses 2017: $788,972Net Income 2017: -$32,5712017Revenue 2018: $788,886Expenses 2018: $791,485Net Income 2018: -$2,5992018Revenue 2019: $786,938Expenses 2019: $846,363Net Income 2019: -$59,4252019Revenue 2020: $868,890Expenses 2020: $922,210Net Income 2020: -$53,3202020Revenue 2021: $936,308Expenses 2021: $980,905Net Income 2021: -$44,5972021Revenue 2022: $951,421Expenses 2022: $938,374Net Income 2022: $13,0472022Revenue 2023: $1,106,870Expenses 2023: $1,158,916Net Income 2023: -$52,0462023Revenue 2024: $1,191,293Expenses 2024: $1,227,456Net Income 2024: -$36,1632024Revenue 2025: $1,553,319Expenses 2025: $1,255,947Net Income 2025: $297,3722025

Highlighted filing

2021

Revenue$936,308
Expenses$980,905
Net Income-$44,597
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 8, 2022
Return Version
2020v4.2
Gross Receipts
$936,308
Mission and Program Overview

Mission

Kindergarten through Grade 5 education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$505,436$495,258▼ $10,178
Savings and Temporary Cash Investments$311,807$419,391▲ $107,584
Cash and Non-Interest-Bearing Accounts$261,732$326,154▲ $64,422
Accounts Receivable$28,123$56,570▲ $28,447
Total Assets$1,107,098$1,297,373▲ $190,275
Liabilities
Unsecured Notes Loans Payable$398,394$478,611▲ $80,217
Deferred Revenue$278,395$415,378▲ $136,983
Accounts Payable and Accrued Expenses$5,649$23,321▲ $17,672
Total Liabilities$682,438$917,310▲ $234,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$424,660$380,063▼ $44,597
Total Net Assets Fund Balance$424,660$380,063▼ $44,597
Total Liabilities and Net Assets / Fund Balance$1,107,098$1,297,373▲ $190,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$402,508$525,521$928,029
Land$92,750-$92,750
Other Land Buildings$0--
Equipment$0--
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Donna ClarkDirector of SchoolFT$88,528$88,528

Board Members and Trustees

NameTitle
Mitch LammChair
Lily LoizeauxVice Chair
Amanda JacobsDirector
Hal KitchinDirector
Heather WilsonDirector
Jason WheelerDirector
Katie SherwoodSecretary
Hank MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,626
Program Service Revenue
$872,134
Investment Income
$111
Other Revenue
$53,437
All Other Contributions
$10,626
Change in Net Assets
$-44,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$656,113
Other Expenses$324,792
Total Fundraising Expense$279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$507,837--$507,837
Insurance$79,240$31,750-$110,990
Current Officers, Directors, Trustees, and Key Employees$88,528--$88,528
All Other Expenses$45,665$6,402$279$52,346
Payroll Taxes$46,179--$46,179
Depreciation Depletion$18,937--$18,937
Information Technology$18,594--$18,594
Other Expenses$15,768--$15,768
Fees for Services Other$14,672--$14,672
Other Employee Benefits$13,569--$13,569
Interest$12,427--$12,427
Advertising$4,957$711-$5,668
Fees for Services Accounting$2,726--$2,726
Total Functional Expenses$941,763$38,863$279$980,905
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
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, Part VI, Section B, line 11B

“The 990 is reviewed in detail by the finance committee of the board. All board members are notified that the 990 is available for their review and are encouraged to ask quesitons or make comments before it is filed.”

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

“At the beginning of each fiscal year, the board is reminded of the conflict of interest policy and board members are requested to inform the chairperson as soon as they believe a potential conflict of interest has arisen.”

Form 990, Part VI, Section B, line 15

“The school operates without a traditional principal. However, all faculty wages are reviewed by the independent members of the board. Criteria for determining wage rates are years of service and level of service. See above notation for 15a.”

Form 990, Part VI, Section C, line 19

“Information is available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
New Horizons Elementary School
EIN
56-1380587
Phone
9103925209
Address
3705 South College Road, Wilmington, NC 28412

Signing Officer

Name
Jason Wheeler
Title
Director
Phone
9103925209
Signed
2022-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitch Lamm
Formed
1983
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
7
Employees
18
Volunteers
9

Preparer

Firm
Earney & Company LLP
Address
710 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Ryan Skuce CPA
Phone
9102569995
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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/BookValueAmt092750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0495258
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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A statement of non-discrimination appears in the school's advertisements for students and in the school's informational brochure provided to all prospective student families.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed in detail by the finance committee of the board. All board members are notified that the 990 is available for their review and are encouraged to ask quesitons or make comments before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At the beginning of each fiscal year, the board is reminded of the conflict of interest policy and board members are requested to inform the chairperson as soon as they believe a potential conflict of interest has arisen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school operates without a traditional principal. However, all faculty wages are reviewed by the independent members of the board. Criteria for determining wage rates are years of service and level of service. See above notation for 15a.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Information is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01107098
IRS990/TotalAssetsEOYAmt01297373
IRS990/TotalAssetsGrp/BOYAmt01107098
IRS990/TotalAssetsGrp/EOYAmt01297373
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010626
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0279
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038863
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0941763
IRS990/TotalFunctionalExpensesGrp/TotalAmt0980905
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0682438
IRS990/TotalLiabilitiesEOYAmt0917310
IRS990/TotalLiabilitiesGrp/BOYAmt0682438
IRS990/TotalLiabilitiesGrp/EOYAmt0917310
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0424660
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0380063
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02477
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02477
IRS990/TotalProgramServiceExpensesAmt0941763
IRS990/TotalProgramServiceRevenueAmt0872134
IRS990/TotalReportableCompFromOrgAmt088528
IRS990/TotalRevenueGrp/ExclusionAmt0111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0925571
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0936308
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01107098
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01297373
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0398394
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0478611
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03705 South College Road
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028412
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.newhorizonselementary.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Wheeler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09103925209
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Horizons Elementary School
ReturnHeader/Filer/BusinessNameControlTxt0NEWH
ReturnHeader/Filer/EIN0561380587
ReturnHeader/Filer/PhoneNum09103925209
ReturnHeader/Filer/USAddress/AddressLine1Txt03705 South College Road
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028412
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561719839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Earney & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0710 Military Cutoff Road Suite 250

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,297,373
Liabilities
$917,310
Net assets
$380,063
Revenue
$936,308
Expenses
$980,905
Net income
-$44,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.60$0.90$0.71$1.55$1.26$0.30
2024Detailed filing. Detailed filing data is available for this year.$1.50$1.10$0.41$1.19$1.23$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.92$0.45$1.11$1.16$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.68$1.17$0.51$0.95$0.94$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.92$0.38$0.94$0.98$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.68$0.42$0.87$0.92$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.63$0.48$0.79$0.85$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.53$0.54$0.79$0.79$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.51$0.54$0.76$0.79$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.51$0.57$0.70$0.75$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.47$0.62$0.71$0.67$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.53$0.58$0.78$0.73$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.59$0.53$0.74
2012Summary only. Only limited summary data is available for this year.$0.98$0.52$0.46$0.75$0.75$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.52$0.47$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.69$0.45$0.66