Civic Intelligence

New Horizons Elementary School

990 • Fiscal year 2023 • EIN 56-1380587

Aug 01, 2022 to Jul 31, 2023 • Filed on Apr 17, 2024

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

88th percentile

0.67x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.83x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

30th percentile

-4.7%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$70,330

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

8th percentile

-18%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,370,136

Down $307,522 (-18%) from 2022

Net Assets

Down

$453,904

Down $52,046 (-10%) from 2022

Liabilities

Down

$916,232

Down $255,476 (-22%) from 2022

Revenue

Up

$1,106,870

Up $155,449 (+16%) from 2022

Expenses

Up

$1,158,916

Up $220,542 (+24%) from 2022

Net Income

Down

-$52,046

Down $65,093 (-499%) from 2022

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

2023

Assets$1,370,136
Liabilities$916,232
Net Assets$453,904

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

2023

Revenue$1,106,870
Expenses$1,158,916
Net Income-$52,046
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Apr 17, 2024
Return Version
2022v5.0
Gross Receipts
$1,128,740
Mission and Program Overview

Mission

Kindergarten through Grade 5 education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$481,119$508,755▲ $27,636
Savings and Temporary Cash Investments$419,432$422,720▲ $3,288
Cash and Non-Interest-Bearing Accounts$414,609$415,660▲ $1,051
Accounts Receivable$355,294$5,588▼ $349,706
Total Assets$1,677,658$1,370,136▼ $307,522
Other Assets Total$7,204$17,413▲ $10,209
Liabilities
Deferred Revenue$820,233$588,343▼ $231,890
Unsecured Notes Loans Payable$346,102$325,574▼ $20,528
Accounts Payable and Accrued Expenses$5,373$2,315▼ $3,058
Total Liabilities$1,171,708$916,232▼ $255,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,950$453,904▼ $52,046
Total Net Assets Fund Balance$505,950$453,904▼ $52,046
Total Liabilities and Net Assets / Fund Balance$1,677,658$1,370,136▼ $307,522

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$356,484$376,490$732,974
Equipment$49,968$88,624$138,592
Leasehold Improvements$9,553$104,151$113,704
Land$92,750-$92,750
Other Land Buildings$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amanda JacobsDirector of SchoolFT$70,330$70,330

Board Members and Trustees

NameTitle
Jason WheelerChair
Amanda D'AngeloDirector
Hal KitchinDirector
Kimi HemingwayDirector
Lee JohnsonDirector
Liz CarrollDirector
Marilyn RushDirector
Carrie RankinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,173
Program Service Revenue
$1,031,024
Investment Income
$3,559
Other Revenue
$30,114
All Other Contributions
$42,173
Change in Net Assets
$-52,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$777,677
Other Expenses$381,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$701,806--$701,806
Insurance$87,650$34,323-$121,973
Payroll Taxes$54,988--$54,988
All Other Expenses$41,040--$41,040
Depreciation Depletion$23,755--$23,755
Information Technology$21,850--$21,850
Other Employee Benefits$20,883--$20,883
Fees for Services Other$19,337--$19,337
Other Expenses$17,398--$17,398
Interest$10,346--$10,346
Fees for Services Accounting-$9,975-$9,975
Advertising-$3,443-$3,443
Total Functional Expenses$1,111,175$47,741$0$1,158,916
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,984
Fundraising Direct Expenses$21,870
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
40th Anniversary$41,155$41,155$17,814$23,341
Total Events$51,984$51,984$21,870$30,114
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
Chair
Phone
9103925209
Signed
2024-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Wheeler
Formed
1983
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
20
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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IRS990/PYTotalRevenueAmt0951421
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-52046
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01036594
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0419432
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0422720
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0356484
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0376490
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0732974
IRS990ScheduleD/EquipmentGrp/BookValueAmt049968
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0138592
IRS990ScheduleD/LandGrp/BookValueAmt092750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09553
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0104151
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0113704
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0508755
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
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021870
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm040th Anniversary
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt010829
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt051984
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt010829
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt051984
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030114
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04056
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021870
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017814
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
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/TotalAssetsBOYAmt01677658
IRS990/TotalAssetsEOYAmt01370136
IRS990/TotalAssetsGrp/BOYAmt01677658
IRS990/TotalAssetsGrp/EOYAmt01370136
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt042173
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047741
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01111175
IRS990/TotalFunctionalExpensesGrp/TotalAmt01158916
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01171708
IRS990/TotalLiabilitiesEOYAmt0916232
IRS990/TotalLiabilitiesGrp/BOYAmt01171708
IRS990/TotalLiabilitiesGrp/EOYAmt0916232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0505950
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0453904
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06870
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06870
IRS990/TotalProgramServiceExpensesAmt01111175
IRS990/TotalProgramServiceRevenueAmt01031024
IRS990/TotalReportableCompFromOrgAmt070330
IRS990/TotalRevenueGrp/ExclusionAmt033673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01031024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01106870
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01677658
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01370136
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0346102
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0325574
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/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Wheeler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09103925209
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Horizons Elementary School
ReturnHeader/Filer/BusinessNameControlTxt0NEWH

Document Assets

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Filings

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