Civic Intelligence

Arthur Morgan School Inc.

990 • Fiscal year 2021 • EIN 56-2257100

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 14, 2022

60 Ams CircleBurnsville, NC 28714

(828) 675-4361

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

77th percentile

35%

Higher net margin than 77% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

54th percentile

15%

Faster asset growth than 54% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

9.7%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,044,563

Up $387,717 (+15%) from 2020

Net Assets

Up

$2,914,674

Up $353,422 (+14%) from 2020

Liabilities

Up

$129,889

Up $34,295 (+36%) from 2020

Revenue

Up

$999,670

Up $88,410 (+9.7%) from 2020

Expenses

Up

$646,247

Up $115,059 (+22%) from 2020

Net Income

Down

$353,423

Down $26,649 (-7.0%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,460,104Liabilities 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

2021

Assets$3,044,563
Liabilities$129,889
Net Assets$2,914,674

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$999,670
Expenses$646,247
Net Income$353,423
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 14, 2022
Return Version
2020v4.1
Gross Receipts
$999,670
Mission and Program Overview

Mission

A private school - see attached supplementary schedule

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,414,451$1,849,528▲ $435,077
Land, Buildings, and Equipment, Net$449,536$966,673▲ $517,137
Savings and Temporary Cash Investments$748,853$184,320▼ $564,533
Cash and Non-Interest-Bearing Accounts$41,583$32,067▼ $9,516
Accounts Receivable$2,423$11,975▲ $9,552
Total Assets$2,656,846$3,044,563▲ $387,717
Liabilities
Other Liabilities$95,249$129,598▲ $34,349
Accounts Payable and Accrued Expenses$345$291▼ $54
Total Liabilities$95,594$129,889▲ $34,295
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,561,252$2,914,674▲ $353,422
Total Net Assets Fund Balance$2,561,252$2,914,674▲ $353,422
Total Liabilities and Net Assets / Fund Balance$2,656,846$3,044,563▲ $387,717

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$884,721$969,835$1,854,556
Land$81,952-$81,952
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$139,579
Program Service Revenue
$360,906
Investment Income
$438,769
Other Revenue
$60,416
All Other Contributions
$139,579
Change in Net Assets
$353,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$395,352
Other Expenses$250,895
Total Fundraising Expense$39,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$296,514$59,303$39,535$395,352
Occupancy$55,318$3,534-$58,852
Depreciation Depletion$45,645--$45,645
Insurance$33,369--$33,369
Advertising-$15,810-$15,810
Travel$9,887--$9,887
Other Expenses$7,175--$7,175
Office Expenses$1,919$2,610-$4,529
Conferences and Meetings$2,595--$2,595
Information Technology$1,502$376-$1,878
Fees for Services Accounting-$1,850-$1,850
Fees for Services Other-$1,848-$1,848
Total Functional Expenses$521,381$85,331$39,535$646,247
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
Student Activity Funds$60,109
Tuition Deposits$57,904
Savings Deposits$7,525
Security Deposits$4,060
Sba Ppp Loan-
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
Jess Ruegg
Title
Co Chair
Phone
8286754361
Signed
2022-01-14
Discuss with paid preparer
No

Organization Details

Formed
2001
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
24

Preparer

Firm
S Gillespie Pa
Address
PO BOX 725 29 BEAMS DRIVE, SPRUCE PINE, NC 28777
Preparer
Sharon Gillespie CPA
Phone
8285201373
Supplemental Narrative

Additional Explanations

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

ROUNDING

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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, AS WE PASS THE SCHOOLS HALF-CENTURY MARK, 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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IRS990/OtherSalariesAndWagesGrp/TotalAmt0395352
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SAVINGS DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3STUDENT ACTIVITY FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SBA PPP LOAN
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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/ExplanationTxt5ROUNDING
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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2021Detailed filing. Detailed filing data is available for this year.$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