Civic Intelligence

Arthur Morgan School Inc

EIN 56-2257100 • 501(c)3 • Burnsville, NC

Profile

A private school - see attached supplementary schedule

60 Ams CircleBurnsville, NC 28714

www.arthurmorganschool.org

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,354,254

Up $338,644 (+11%) from 2023

Liabilities

Up

$90,677

Up $46,004 (+103%) from 2023

Net Assets

Up

$3,263,577

Up $292,640 (+9.9%) from 2023

Revenue

Down

$525,658

Down $135,074 (-20%) from 2023

Expenses

Up

$660,717

Up $46,868 (+7.6%) from 2023

Net Income

Down

-$135,059

Down $181,942 (-388%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,460,104Liabilities 2011: $38,225Net Assets 2011: $1,421,8792011Assets 2012: $1,515,878Liabilities 2012: $38,859Net Assets 2012: $1,477,0192012Assets 2013: $1,619,092Liabilities 2013: $41,181Net Assets 2013: $1,577,9112013Assets 2014: $1,875,366Liabilities 2014: $51,242Net Assets 2014: $1,824,1242014Assets 2015: $1,884,841Liabilities 2015: $84,306Net Assets 2015: $1,800,5352015Assets 2016: $1,832,314Liabilities 2016: $64,311Net Assets 2016: $1,768,0032016Assets 2017: $1,894,567Liabilities 2017: $54,895Net Assets 2017: $1,839,6722017Assets 2018: $2,011,969Liabilities 2018: $73,098Net Assets 2018: $1,938,8712018Assets 2019: $2,251,195Liabilities 2019: $70,017Net Assets 2019: $2,181,1782019Assets 2020: $2,656,846Liabilities 2020: $95,594Net Assets 2020: $2,561,2522020Assets 2021: $3,044,563Liabilities 2021: $129,889Net Assets 2021: $2,914,6742021Assets 2022: $2,963,266Liabilities 2022: $59,313Net Assets 2022: $2,903,9532022Assets 2023: $3,015,610Liabilities 2023: $44,673Net Assets 2023: $2,970,9372023Assets 2024: $3,354,254Liabilities 2024: $90,677Net Assets 2024: $3,263,5772024

Highlighted filing

2024

Assets$3,354,254
Liabilities$90,677
Net Assets$3,263,577

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $447,551Expenses 2011: $446,355Net Income 2011: $1,1962011Revenue 2012: $588,153Expenses 2012: $533,013Net Income 2012: $55,1402012Revenue 2013: $519,858Expenses 2013: $508,041Net Income 2013: $11,8172013Revenue 2014: $647,901Expenses 2014: $548,967Net Income 2014: $98,9342014Revenue 2015: $522,267Expenses 2015: $550,290Net Income 2015: -$28,0232015Revenue 2016: $454,887Expenses 2016: $525,589Net Income 2016: -$70,7022016Revenue 2017: $470,457Expenses 2017: $507,078Net Income 2017: -$36,6212017Revenue 2018: $522,461Expenses 2018: $478,438Net Income 2018: $44,0232018Revenue 2019: $755,898Expenses 2019: $513,591Net Income 2019: $242,3072019Revenue 2020: $911,260Expenses 2020: $531,188Net Income 2020: $380,0722020Revenue 2021: $999,670Expenses 2021: $646,247Net Income 2021: $353,4232021Revenue 2022: $922,940Expenses 2022: $621,102Net Income 2022: $301,8382022Revenue 2023: $660,732Expenses 2023: $613,849Net Income 2023: $46,8832023Revenue 2024: $525,658Expenses 2024: $660,717Net Income 2024: -$135,0592024

Highlighted filing

2024

Revenue$525,658
Expenses$660,717
Net Income-$135,059

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.09$3.26$0.53$0.66$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.04$2.97$0.66$0.61$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.96$0.06$2.90$0.92$0.62$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.13$2.91$1.00$0.65$0.35
2020Detailed filing. Detailed filing data is available for this year.$2.66$0.10$2.56$0.91$0.53$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.25$0.07$2.18$0.76$0.51$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.07$1.94$0.52$0.48$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.89$0.05$1.84$0.47$0.51$0.04
2016Summary only. Only limited summary data is available for this year.$1.83$0.06$1.77$0.45$0.53$0.07
2015Summary only. Only limited summary data is available for this year.$1.88$0.08$1.80$0.52$0.55$0.03
2014Summary only. Only limited summary data is available for this year.$1.88$0.05$1.82$0.65$0.55$0.10
2013Summary only. Only limited summary data is available for this year.$1.62$0.04$1.58$0.52$0.51$0.01
2012Summary only. Only limited summary data is available for this year.$1.52$0.04$1.48$0.59$0.53$0.06
2011Summary only. Only limited summary data is available for this year.$1.46$0.04$1.42$0.45$0.45$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 19, 2025
Return Version
2023v6.0
Gross Receipts
$525,658
Mission and Program Overview

Mission

A private school - see attached supplementary schedule

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,672,878$2,153,671▲ $480,793
Land, Buildings, and Equipment, Net$937,183$892,046▼ $45,137
Savings and Temporary Cash Investments$396,145$240,053▼ $156,092
Cash and Non-Interest-Bearing Accounts$5,906$20,670▲ $14,764
Accounts Receivable$3,498$6,274▲ $2,776
Total Assets$3,015,610$3,354,254▲ $338,644
Other Assets Total-$41,540-
Liabilities
Other Liabilities$43,647$83,244▲ $39,597
Accounts Payable and Accrued Expenses$1,026$7,433▲ $6,407
Total Liabilities$44,673$90,677▲ $46,004
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,739,384$2,994,047▲ $254,663
Net Assets With Donor Restrictions$231,553$269,530▲ $37,977
Total Net Assets Fund Balance$2,970,937$3,263,577▲ $292,640
Total Liabilities and Net Assets / Fund Balance$3,015,610$3,354,254▲ $338,644

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$810,094$1,118,459$1,928,553
Land$81,952-$81,952
Other Assets Org$41,540--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$138,481
Program Service Revenue
$307,425
Investment Income
$64,897
Other Revenue
$14,855
All Other Contributions
$138,481
Change in Net Assets
$-135,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$407,484
Other Expenses$253,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,528$37,503-$375,031
Occupancy$59,746--$59,746
Depreciation Depletion$45,137--$45,137
Insurance$41,107--$41,107
Payroll Taxes$23,588$2,621-$26,209
Travel$15,433--$15,433
Other Expenses$11,347--$11,347
Other Employee Benefits$6,244--$6,244
Office Expenses-$5,863-$5,863
All Other Expenses$1,678$3,814-$5,492
Advertising-$4,922-$4,922
Information Technology$917--$917
Fees for Services Accounting-$725-$725
Total Functional Expenses$605,269$55,448$0$660,717
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Deposits$72,841
Savings Deposits$5,375
Student Activity Funds$3,331
Security Deposits$1,697
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 governing body review Part VI line 11

It is the arthur morgan schools policy to provide a copy of the form 990 to all members of its governing body to review before filing the form. A finance committee and the board president review and approve the form 990 before it is filed with the irs. Ams has a written policy with clear procedures outlining the review and approval process.

Conflict of interest policy compliance Part VI line 12C

All board and staff members receive the ams conflict of interest policy and fill out disclosure statements annually. The organization has measures in place to ensure compliance with the conflict of interest policy, including full board approval of any transactions that might occur between related parties. No situations have occurred during the currrent year that have required reference to the conflict of interest policy.

CEO executive director top management comp Part VI line 15A

Ams has a compensation policy that is approved by the ams board of trustees. Any changes in compensation or hiring are approved annually at the january board meeting and are contemporaneously documented in meeting minutes. Ams is a community and democratic school run by staff consensus. There are no hierarchical organizational charts or highly compensated executives. Ams follows the quaker values of simplicity; salaries and living arrangements are modest. Board members are volunteers and receive no compensation.

Other officer or key employee compensation Part VI line 15B

Ams has a compensation policy that is approved by the ams board of trustees. Any changes in compensation or hiring are approved annually at the january board meeting and are contemporaneously documented in meeting minutes. Ams is a community and democratic school run by staff consensus. There are no hierarchical organizational charts or highly compensated executives. Ams follows the quaker values of simplicity; salaries and living arrangements are modest. Board members are volunteers and receive no compensation.

Governing documents etc available to public Part VI line 19

Ams believes they have an ethical obligation to their constituents and the public to conduct their activities with accountability and and transparency. Ams regularly and openly conveys information to the public about their mission, activities, accomplishments, governance and decision-making processes. In keeping with ams committment to transparency, our 990 is available for public viewing online with guidestar at www.guidestar.org.any policies and procedures or governing documents not available on guidestar are available for inspection and review by contacting the clerk in the ams office. Three methods are available: phone 828-675-4262, e-mail: [email protected], mail: 60 ams circle, burnsville, nc 28714

Filing and Contact Details

Filer

Filer Name
Arthur Morgan School Inc
EIN
56-2257100
Address
60 AMS CIRCLE, BURNSVILLE, NC 28714
Doing Business As
Arthur Morgan School Inc

Signing Officer

Name
Meghan Lundy-jones
Title
Member
Phone
8286756360
Signed
2025-05-19
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
24

Preparer

Firm
S Gillespie PA
Address
29 Beams Drive, Spruce Pine, NC 28777
Preparer
Sharon
Phone
8285201373
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Updates to accounting for scholarship funds and restrictions led to overstated net assets in the prior year

Raw XML Appendix391 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/Desc0ARTHUR MORGAN SCHOOL WAS ESTABLISHED IN 1962 AND CHARTERED IN 2001 TO PROVIDE A LEARNING ENVIRONMENT TAILORED FOR TEENAGERS. ADOLESCENCE IS AN ESPECIALLY CRUCIAL TIME IN A CHILDS DEVELOPMENT. THESE FORMATIVE YEARS ARE UNIQUELY ENHANCED BY OUR EMPHASIS ON THE DEVELOPMENT OF THE WHOLE PERSON THROUGH A COMBINATION OF STUDY, PRACTICAL EXPERIENCE, COMMUNITY LIVING, AND PERSONAL RESPONSIBILITY. TO THESE, FOUNDER ELIZABETH MORGAN ADDED HER OWN QUAKER VALUES OF SIMPLE LIVING, CONSENSUS DECISION-MAKING AND NON-VIOLENT CONFLICT RESOLUTION TO CREATE A UNIQUE EDUCATIONAL ENVIRONMENT. AMS HAS KEPT TRUE TO ITS MISSION, RISING ALWAYS TO MEET THE NEEDS OF THE MOMENT AND ALWAYS PUTTING THE BEST INTERESTS OF ITS STUDENTS FIRST AND FOREMOST. TODAY, WE CONTINUE TO HONOR OUR HERITAGE AND TO PREPARE OUR STUDENTS FOR LIFELONG LEARNING AND RESPONSIBLE LIVING IN THIS CHANGING WORLD.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SAVINGS DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3STUDENT ACTIVITY FUNDS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IT IS THE ARTHUR MORGAN SCHOOLS POLICY TO PROVIDE A COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY TO REVIEW BEFORE FILING THE FORM. A FINANCE COMMITTEE AND THE BOARD PRESIDENT REVIEW AND APPROVE THE FORM 990 BEFORE IT IS FILED WITH THE IRS. AMS HAS A WRITTEN POLICY WITH CLEAR PROCEDURES OUTLINING THE REVIEW AND APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD AND STAFF MEMBERS RECEIVE THE AMS CONFLICT OF INTEREST POLICY AND FILL OUT DISCLOSURE STATEMENTS ANNUALLY. THE ORGANIZATION HAS MEASURES IN PLACE TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, INCLUDING FULL BOARD APPROVAL OF ANY TRANSACTIONS THAT MIGHT OCCUR BETWEEN RELATED PARTIES. NO SITUATIONS HAVE OCCURRED DURING THE CURRRENT YEAR THAT HAVE REQUIRED REFERENCE TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMS HAS A COMPENSATION POLICY THAT IS APPROVED BY THE AMS BOARD OF TRUSTEES. ANY CHANGES IN COMPENSATION OR HIRING ARE APPROVED ANNUALLY AT THE JANUARY BOARD MEETING AND ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. AMS IS A COMMUNITY AND DEMOCRATIC SCHOOL RUN BY STAFF CONSENSUS. THERE ARE NO HIERARCHICAL ORGANIZATIONAL CHARTS OR HIGHLY COMPENSATED EXECUTIVES. AMS FOLLOWS THE QUAKER VALUES OF SIMPLICITY; SALARIES AND LIVING ARRANGEMENTS ARE MODEST. BOARD MEMBERS ARE VOLUNTEERS AND RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AMS HAS A COMPENSATION POLICY THAT IS APPROVED BY THE AMS BOARD OF TRUSTEES. ANY CHANGES IN COMPENSATION OR HIRING ARE APPROVED ANNUALLY AT THE JANUARY BOARD MEETING AND ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. AMS IS A COMMUNITY AND DEMOCRATIC SCHOOL RUN BY STAFF CONSENSUS. THERE ARE NO HIERARCHICAL ORGANIZATIONAL CHARTS OR HIGHLY COMPENSATED EXECUTIVES. AMS FOLLOWS THE QUAKER VALUES OF SIMPLICITY; SALARIES AND LIVING ARRANGEMENTS ARE MODEST. BOARD MEMBERS ARE VOLUNTEERS AND RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AMS BELIEVES THEY HAVE AN ETHICAL OBLIGATION TO THEIR CONSTITUENTS AND THE PUBLIC TO CONDUCT THEIR ACTIVITIES WITH ACCOUNTABILITY AND AND TRANSPARENCY. AMS REGULARLY AND OPENLY CONVEYS INFORMATION TO THE PUBLIC ABOUT THEIR MISSION, ACTIVITIES, ACCOMPLISHMENTS, GOVERNANCE AND DECISION-MAKING PROCESSES. IN KEEPING WITH AMS COMMITTMENT TO TRANSPARENCY, OUR 990 IS AVAILABLE FOR PUBLIC VIEWING ONLINE WITH GUIDESTAR AT WWW.GUIDESTAR.ORG.ANY POLICIES AND PROCEDURES OR GOVERNING DOCUMENTS NOT AVAILABLE ON GUIDESTAR ARE AVAILABLE FOR INSPECTION AND REVIEW BY CONTACTING THE CLERK IN THE AMS OFFICE. THREE METHODS ARE AVAILABLE: PHONE 828-675-4262, E-MAIL: [email protected], MAIL: 60 AMS CIRCLE, BURNSVILLE, NC 28714
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPDATES TO ACCOUNTING FOR SCHOLARSHIP FUNDS AND RESTRICTIONS LED TO OVERSTATED NET ASSETS IN THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGHAN LUNDY-JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum08286756360
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARTHUR MORGAN SCHOOL INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0S Gillespie PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt029 Beams Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spruce Pine
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ReturnHeader/PreparerPersonGrp/PhoneNum08285201373
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON
ReturnHeader/ReturnTs02025-09-04T09:45:42-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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