Civic Intelligence

The New School Inc

990 • Fiscal year 2020 • EIN 56-1429736

Jul 01, 2019 to Jun 30, 2020 • Filed on May 16, 2021

Organization ProfileWWW.MONTESSORICENTER.ORG
5617 Sunset Lake RoadHolly Springs, NC 27540

(919) 303-3636

Siviq Scores

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

Liabilities / Assets

65th percentile

0.23x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.20x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$68,650

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

54th percentile

7.5%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-20%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,841,684

Up $128,424 (+7.5%) from 2019

Net Assets

Down

$1,414,954

Down $267,843 (-16%) from 2019

Liabilities

Up

$426,730

Up $396,267 (+1301%) from 2019

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin20th percentile

Revenue

Down

$2,152,369

Down $522,230 (-20%) from 2019

Expenses

Up

$2,420,212

Up $3,604 (+0.1%) from 2019

Net Income

Down

-$267,843

Down $525,834 (-204%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,631,125Liabilities 2011: $132,500Net Assets 2011: $1,498,6252011Assets 2012: $1,604,108Liabilities 2012: $132,500Net Assets 2012: $1,471,6082012Assets 2013: $1,666,511Liabilities 2013: $44,923Net Assets 2013: $1,621,5882013Assets 2014: $1,473,989Liabilities 2014: $74,690Net Assets 2014: $1,399,2992014Assets 2015: $1,490,129Liabilities 2015: $51,448Net Assets 2015: $1,438,6812015Assets 2016: $1,508,389Liabilities 2016: $45,174Net Assets 2016: $1,463,2152016Assets 2017: $1,576,000Liabilities 2017: $38,892Net Assets 2017: $1,537,1082017Assets 2018: $1,471,356Liabilities 2018: $46,550Net Assets 2018: $1,424,8062018Assets 2019: $1,713,260Liabilities 2019: $30,463Net Assets 2019: $1,682,7972019Assets 2020: $1,841,684Liabilities 2020: $426,730Net Assets 2020: $1,414,9542020Assets 2021: $2,369,110Liabilities 2021: $338,643Net Assets 2021: $2,030,4672021Assets 2022: $2,845,504Liabilities 2022: $7,249Net Assets 2022: $2,838,2552022Assets 2023: $2,938,898Liabilities 2023: $2,955Net Assets 2023: $2,935,9432023Assets 2024: $3,349,808Liabilities 2024: $7,336Net Assets 2024: $3,342,4722024

Highlighted filing

2020

Assets$1,841,684
Liabilities$426,730
Net Assets$1,414,954
Open 2020 Filing

Operations Trend

Revenue Growth23rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,459,785Expenses 2011: $1,339,380Net Income 2011: $120,4052011Revenue 2012: $1,548,761Expenses 2012: $1,575,778Net Income 2012: -$27,0172012Expenses 2013: $1,630,9962013Revenue 2014: $1,675,597Expenses 2014: $1,897,886Net Income 2014: -$222,2892014Revenue 2015: $1,745,914Expenses 2015: $1,706,532Net Income 2015: $39,3822015Revenue 2016: $1,824,900Expenses 2016: $1,800,366Net Income 2016: $24,5342016Revenue 2017: $2,283,268Expenses 2017: $2,209,375Net Income 2017: $73,8932017Revenue 2018: $2,275,040Expenses 2018: $2,387,342Net Income 2018: -$112,3022018Revenue 2019: $2,674,599Expenses 2019: $2,416,608Net Income 2019: $257,9912019Revenue 2020: $2,152,369Expenses 2020: $2,420,212Net Income 2020: -$267,8432020Revenue 2021: $2,904,667Expenses 2021: $2,289,154Net Income 2021: $615,5132021Revenue 2022: $3,332,217Expenses 2022: $2,524,429Net Income 2022: $807,7882022Revenue 2023: $3,022,622Expenses 2023: $2,924,934Net Income 2023: $97,6882023Revenue 2024: $3,094,200Expenses 2024: $2,687,671Net Income 2024: $406,5292024

Highlighted filing

2020

Revenue$2,152,369
Expenses$2,420,212
Net Income-$267,843
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 16, 2021
Return Version
2019v5.1
Gross Receipts
$2,152,369
Mission and Program Overview

Mission

To promote the education of children

The new school, inc is a private montessori school for children

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,553,372$1,516,171▼ $37,201
Cash and Non-Interest-Bearing Accounts$147,014$214,155▲ $67,141
Savings and Temporary Cash Investments$5,381$105,389▲ $100,008
Loans From Officers Directors$18,894$18,894→ $0
Intangible Assets$7,493$5,969▼ $1,524
Total Assets$1,713,260$1,841,684▲ $128,424
Liabilities
Unsecured Notes Loans Payable-$332,942-
Mortgage Notes Payable Secured by Investment Property$4,865$73,902▲ $69,037
Accounts Payable and Accrued Expenses$6,704$992▼ $5,712
Total Liabilities$30,463$426,730▲ $396,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,682,797$1,414,954▼ $267,843
Total Net Assets Fund Balance$1,682,797$1,414,954▼ $267,843
Total Liabilities and Net Assets / Fund Balance$1,713,260$1,841,684▲ $128,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$686,108$810,846$1,496,954
Land$567,619-$567,619
Other Land Buildings$232,003$132,367$364,370
Equipment$30,441$230,346$260,787
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Julie SchroerTreasurerFT$68,650$68,650
Jonathan SchroerPresidentFT$68,649$68,649
Roger HarrisSecretaryPT$27,383$27,383

Board Members and Trustees

NameTitle
Venkat ShanmugavadivelDirector
William ClausenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$7,184
Program Service Revenue
$2,145,140
Investment Income
$45
Other Revenue
$0
Change in Net Assets
$-267,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,796,737
Other Expenses$454,371
Grants and Similar Amounts Paid$169,104
Total Fundraising Expense$7,947
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,137,009$304,117-$1,441,126
Grants to Domestic Individuals$169,104--$169,104
Current Officers, Directors, Trustees, and Key Employees-$164,682-$164,682
All Other Expenses$103,922$22,217-$126,139
Payroll Taxes$93,535$25,018-$118,553
Depreciation Depletion$65,994--$65,994
Other Employee Benefits$34,100$9,252-$43,352
Fees for Services Legal-$37,642-$37,642
Other Expenses$23,256$5,814$7,947$29,070
Pension Plan Contributions$22,899$6,125-$29,024
Information Technology$12,974--$12,974
Fees for Services Accounting-$10,733-$10,733
Interest-$4,577-$4,577
Total Functional Expenses$1,819,929$592,336$7,947$2,420,212
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$18,894$18,894→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“The president and director jonathan schroer is husband to the treasurer and director julie schroer”

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by the president and treasurer who are also directors prior to filing the return”

Governing documents etc available to public Part VI line 19

“The organization makes its governing documents available upon written request”

Filing and Contact Details

Filer

Filer Name
The New School
EIN
56-1429736
Address
5617 SUNSET LAKE ROAD, HOLLY SPRINGS, NC 27540

Signing Officer

Name
Julie Schroer
Title
Treasurer
Phone
9194223172
Signed
2021-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Schroer
Formed
1984
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
2
Employees
67
Volunteers
230

Preparer

Firm
Gregory M Brink CPA Pc
Address
404 E CHATHAM ST - STE C, CARY, NC 27511
Preparer
Gregory Brink CPA
Phone
9193802078
Raw XML Appendix371 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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IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0169104
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION DISCOUNTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BOOK
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt018894
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO COVER SHORTAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt018894
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JULIE SCHROER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER-BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt018894
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND DIRECTOR JONATHAN SCHROER IS HUSBAND TO THE TREASURER AND DIRECTOR JULIE SCHROER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER WHO ARE ALSO DIRECTORS PRIOR TO FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01713260
IRS990/TotalAssetsEOYAmt01841684
IRS990/TotalAssetsGrp/BOYAmt01713260
IRS990/TotalAssetsGrp/EOYAmt01841684
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07184
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07947
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0592336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01819929
IRS990/TotalFunctionalExpensesGrp/TotalAmt02420212
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030463
IRS990/TotalLiabilitiesEOYAmt0426730
IRS990/TotalLiabilitiesGrp/BOYAmt030463
IRS990/TotalLiabilitiesGrp/EOYAmt0426730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01682797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01414954
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01819929
IRS990/TotalProgramServiceRevenueAmt02145140
IRS990/TotalReportableCompFromOrgAmt0164682
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02145185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02152369
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0230
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01713260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01841684
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0332942
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.MONTESSORICENTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE SCHROER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09194223172
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NEW SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0NEWS
ReturnHeader/Filer/EIN0561429736
ReturnHeader/Filer/USAddress/AddressLine1Txt05617 SUNSET LAKE ROAD
ReturnHeader/Filer/USAddress/CityNm0HOLLY SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027540
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202474531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREGORY M BRINK CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 E CHATHAM ST - STE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027511
ReturnHeader/PreparerPersonGrp/PhoneNum09193802078
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY BRINK CPA
ReturnHeader/ReturnTs02021-05-16T16:33:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,841,684
Liabilities
$426,730
Net assets
$1,414,954
Revenue
$2,152,369
Expenses
$2,420,212
Net income
-$267,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.01$3.34$3.09$2.69$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$3.02$2.92$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.85$0.01$2.84$3.33$2.52$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.34$2.03$2.90$2.29$0.62
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.43$1.41$2.15$2.42$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.03$1.68$2.67$2.42$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.47$0.05$1.42$2.28$2.39$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.04$1.54$2.28$2.21$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.05$1.46$1.82$1.80$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.05$1.44$1.75$1.71$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.07$1.40$1.68$1.90$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.04$1.62$1.63
2012Summary only. Only limited summary data is available for this year.$1.60$0.13$1.47$1.55$1.58$0.03
2011Summary only. Only limited summary data is available for this year.$1.63$0.13$1.50$1.46$1.34$0.12