Civic Intelligence

New Horizons Elementary School

990 • Fiscal year 2022 • EIN 56-1380587

Aug 01, 2021 to Jul 31, 2022 • Filed on Mar 01, 2023

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

(910) 392-5209

Siviq Scores

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

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

1.23x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

38th percentile

1.4%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$90,704

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

82nd percentile

29%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

1.6%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,677,658

Up $380,285 (+29%) from 2021

Net Assets

Up

$505,950

Up $125,887 (+33%) from 2021

Liabilities

Up

$1,171,708

Up $254,398 (+28%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin38th percentile

Revenue

Up

$951,421

Up $15,113 (+1.6%) from 2021

Expenses

Down

$938,374

Down $42,531 (-4.3%) from 2021

Net Income

Up

$13,047

Up $57,644 (+129%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

2022

Assets$1,677,658
Liabilities$1,171,708
Net Assets$505,950
Open 2022 Filing

Operations Trend

Revenue Growth43rd percentile

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

2022

Revenue$951,421
Expenses$938,374
Net Income$13,047
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Mar 1, 2023
Return Version
2021v4.2
Gross Receipts
$951,421
Mission and Program Overview

Mission

Kindergarten through Grade 5 education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$495,258$481,119▼ $14,139
Savings and Temporary Cash Investments$419,391$419,432▲ $41
Cash and Non-Interest-Bearing Accounts$326,154$414,609▲ $88,455
Accounts Receivable$56,570$355,294▲ $298,724
Total Assets$1,297,373$1,677,658▲ $380,285
Other Assets Total-$7,204-
Liabilities
Deferred Revenue$415,378$820,233▲ $404,855
Unsecured Notes Loans Payable$478,611$346,102▼ $132,509
Accounts Payable and Accrued Expenses$23,321$5,373▼ $17,948
Total Liabilities$917,310$1,171,708▲ $254,398
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$380,063$505,950▲ $125,887
Total Net Assets Fund Balance$380,063$505,950▲ $125,887
Total Liabilities and Net Assets / Fund Balance$1,297,373$1,677,658▲ $380,285

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$354,069$378,905$732,974
Leasehold Improvements$34,259$91,843$126,102
Land$92,750-$92,750
Equipment$41$74,762$74,803
Other Land Buildings$0--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donna ClarkDirector of SchoolFT$90,704$90,704

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
$26,018
Program Service Revenue
$925,187
Investment Income
$216
Other Revenue
$0
All Other Contributions
$26,018
Change in Net Assets
$13,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,098
Other Expenses$259,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$523,161--$523,161
Insurance$65,576$30,890-$96,466
Current Officers, Directors, Trustees, and Key Employees$93,218--$93,218
Payroll Taxes$48,548--$48,548
All Other Expenses$27,443--$27,443
Depreciation Depletion$19,989--$19,989
Other Employee Benefits$14,171--$14,171
Fees for Services Other$13,229--$13,229
Other Expenses$12,017--$12,017
Interest$10,944--$10,944
Fees for Services Accounting$5,600--$5,600
Advertising$1,441$778-$2,219
Total Functional Expenses$906,706$31,668$0$938,374
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
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, 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
2023-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitch Lamm
Formed
1983
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
17
Volunteers
9

Preparer

Firm
Earney & Company LLP
Address
710 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Ryan Skuce CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“PPP Loan Forgiveness 115,100. CPA Equity Adjustment -2,260.”

Raw XML AppendixShowing 400 of 415 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/PYSalariesCompEmpBnftPaidAmt0656113
IRS990/PYTotalExpensesAmt0980905
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0936308
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt013047
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0925187
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0419391
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0419432
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0354069
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0378905
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0732974
IRS990ScheduleD/EquipmentGrp/BookValueAmt041
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074762
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074803
IRS990ScheduleD/LandGrp/BookValueAmt092750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt034259
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt091843
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0126102
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0481119
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/ExplanationTxt4PPP Loan Forgiveness 115,100. CPA Equity Adjustment -2,260.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01297373
IRS990/TotalAssetsEOYAmt01677658
IRS990/TotalAssetsGrp/BOYAmt01297373
IRS990/TotalAssetsGrp/EOYAmt01677658
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt026018
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031668
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0906706
IRS990/TotalFunctionalExpensesGrp/TotalAmt0938374
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0917310
IRS990/TotalLiabilitiesEOYAmt01171708
IRS990/TotalLiabilitiesGrp/BOYAmt0917310
IRS990/TotalLiabilitiesGrp/EOYAmt01171708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0380063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0505950
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt08456
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt08456
IRS990/TotalProgramServiceExpensesAmt0906706
IRS990/TotalProgramServiceRevenueAmt0925187
IRS990/TotalReportableCompFromOrgAmt090704
IRS990/TotalRevenueGrp/ExclusionAmt0216
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0925187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0951421
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01297373
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01677658
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0478611
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0346102
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03705 South College Road
IRS990/USAddress/CityNm0Wilmington
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028412
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.newhorizonselementary.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Wheeler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09103925209
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-01
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

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,677,658
Liabilities
$1,171,708
Net assets
$505,950
Revenue
$951,421
Expenses
$938,374
Net income
$13,047
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