Civic Intelligence

The Schenck School Inc

990 • Fiscal year 2019 • EIN 58-0958208

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 28, 2020

282 Mount Paran Road NWAtlanta, GA 30327-4664

(404) 252-2591

Siviq Scores

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

Liabilities / Assets

40th percentile

0.15x

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.56x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

49th percentile

2.7%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$301,797

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

44th percentile

2.7%

Faster asset growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-10.0%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$42,598,900

Up $1,113,802 (+2.7%) from 2018

Net Assets

Up

$36,343,968

Up $1,303,181 (+3.7%) from 2018

Liabilities

Down

$6,254,932

Down $189,379 (-2.9%) from 2018

Revenue

Down

$11,249,645

Down $1,248,592 (-10.0%) from 2018

Expenses

Up

$10,950,148

Up $519,426 (+5.0%) from 2018

Net Income

Down

$299,497

Down $1,768,018 (-86%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $29,620,848Liabilities 2011: $4,705,247Net Assets 2011: $24,915,6012011Assets 2012: $30,418,076Liabilities 2012: $4,769,717Net Assets 2012: $25,648,3592012Assets 2013: $31,963,649Liabilities 2013: $4,985,689Net Assets 2013: $26,977,9602013Assets 2014: $34,275,064Liabilities 2014: $5,383,621Net Assets 2014: $28,891,4432014Assets 2015: $34,920,978Liabilities 2015: $5,531,244Net Assets 2015: $29,389,7342015Assets 2016: $35,533,029Liabilities 2016: $6,315,302Net Assets 2016: $29,217,7272016Assets 2017: $39,700,863Liabilities 2017: $6,634,918Net Assets 2017: $33,065,9452017Assets 2018: $41,485,098Liabilities 2018: $6,444,311Net Assets 2018: $35,040,7872018Assets 2019: $42,598,900Liabilities 2019: $6,254,932Net Assets 2019: $36,343,9682019Assets 2020: $42,839,475Liabilities 2020: $5,628,177Net Assets 2020: $37,211,2982020Assets 2021: $49,204,547Liabilities 2021: $5,504,589Net Assets 2021: $43,699,9582021Assets 2022: $46,103,355Liabilities 2022: $6,031,993Net Assets 2022: $40,071,3622022Assets 2023: $47,564,069Liabilities 2023: $5,691,250Net Assets 2023: $41,872,8192023Assets 2024: $50,157,194Liabilities 2024: $5,294,404Net Assets 2024: $44,862,7902024

Highlighted filing

2019

Assets$42,598,900
Liabilities$6,254,932
Net Assets$36,343,968

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $8,064,599Expenses 2011: $7,904,765Net Income 2011: $159,8342011Expenses 2012: $8,378,9072012Expenses 2013: $9,134,0002013Revenue 2014: $10,077,397Expenses 2014: $9,279,637Net Income 2014: $797,7602014Revenue 2015: $11,174,771Expenses 2015: $9,473,260Net Income 2015: $1,701,5112015Revenue 2016: $10,258,484Expenses 2016: $10,062,239Net Income 2016: $196,2452016Revenue 2017: $13,126,874Expenses 2017: $10,171,602Net Income 2017: $2,955,2722017Revenue 2018: $12,498,237Expenses 2018: $10,430,722Net Income 2018: $2,067,5152018Revenue 2019: $11,249,645Expenses 2019: $10,950,148Net Income 2019: $299,4972019Revenue 2020: $12,521,772Expenses 2020: $11,031,171Net Income 2020: $1,490,6012020Revenue 2021: $13,089,821Expenses 2021: $11,610,541Net Income 2021: $1,479,2802021Revenue 2022: $13,683,543Expenses 2022: $12,235,032Net Income 2022: $1,448,5112022Revenue 2023: $13,509,011Expenses 2023: $13,496,770Net Income 2023: $12,2412023Revenue 2024: $13,910,468Expenses 2024: $13,434,408Net Income 2024: $476,0602024

Highlighted filing

2019

Revenue$11,249,645
Expenses$10,950,148
Net Income$299,497
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 28, 2020
Return Version
2018v3.2
Gross Receipts
$24,157,983
Mission and Program Overview

Mission

Provide a solid educational foundation for students with dyslexia and develop their rich potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,188,996$22,757,399▲ $568,403
Land, Buildings, and Equipment, Net$8,977,292$8,581,571▼ $395,721
Savings and Temporary Cash Investments$6,888,215$6,808,314▼ $79,901
Investments Other Securities$2,532,557$3,833,402▲ $1,300,845
Prepaid Expenses and Deferred Charges$505,613$438,491▼ $67,122
Pledges and Grants Receivable$262,389$116,225▼ $146,164
Accounts Receivable$104$105▲ $1
Total Assets$41,485,098$42,598,900▲ $1,113,802
Other Assets Total$129,932$63,393▼ $66,539
Liabilities
Deferred Revenue$5,889,969$5,688,227▼ $201,742
Accounts Payable and Accrued Expenses$554,342$566,705▲ $12,363
Total Liabilities$6,444,311$6,254,932▼ $189,379
Net Assets / Fund Balance
Unrestricted Net Assets$28,320,409$29,321,516▲ $1,001,107
Permanently Rstr Net Assets$4,731,737$4,804,654▲ $72,917
Temporarily Rstr Net Assets$1,988,641$2,217,798▲ $229,157
Total Net Assets Fund Balance$35,040,787$36,343,968▲ $1,303,181
Total Liabilities and Net Assets / Fund Balance$41,485,098$42,598,900▲ $1,113,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,857,924$5,012,307$10,870,231
Leasehold Improvements$1,015,946$1,663,412$2,679,358
Other Land Buildings$429,406$1,478,111$1,907,517
Land$1,277,497-$1,277,497
Equipment$798$97,366$98,164
Other Securities$3,833,402--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$22,526,475$431,149▲ $1,415,763$-454,790$23,918,597
2017$20,450,335$945,104▲ $1,483,162$-352,126$22,526,475
2016$16,780,609$2,393,553▲ $1,626,607$-350,434$20,450,335
2015$16,237,020$983,286▼ $200,578$-239,119$16,780,609
2014$16,001,021$480,307▼ $32,352$-211,956$16,237,020
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joshua J ClarkHead of SchoFT$277,800$23,997$301,797
Joshua J ClarkHead of School-$277,800$23,997$301,797
Louise HodappDirector ofFT$136,768$14,991$151,759
Louise HodappDirector of Finance-$136,768$14,991$151,759
Cathlean ColemanDirector of DeveFT$131,602$14,614$146,216
Foster SoulesLower SchoolFT$127,486$13,861$141,347
J Ellen HillDirector of OutpFT$118,311$492$118,803

Highest Paid Contractors

ContractorServicesLocationCompensation
Flik Dining ServicesHot Meal Prog.PO BOX 50196, Los Angeles, CA 90074-0196$306,656
Technical Trade Group OfFacilities515 CARTER ROAD, Griffin, GA 30224$240,328
Revenue and Support

Revenue Composition

Contributions and Grants
$693,582
Program Service Revenue
$9,721,494
Investment Income
$675,888
Other Revenue
$158,681
All Other Contributions
$693,582
Change in Net Assets
$299,497

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,593,102
Revenue Not Reported on Financial Statements
$656,543
Revenue Not Reported on Form 990
$1,003,684
Other Revenue Adjustments
$536,609
Total Revenue per Audited Statements
$11,596,786
Total Revenue per Form 990
$11,249,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,511,101
Other Expenses$2,876,919
Total Fundraising Expense$616,603
Grants and Similar Amounts Paid$562,128
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,160,280$442,308$297,791$5,900,379
Depreciation Depletion$647,132$17,030$17,030$681,192
Other Employee Benefits$389,528$164,395$38,005$591,928
Grants to Domestic Individuals$562,128--$562,128
Payroll Taxes$377,991$34,991$22,182$435,164
Occupancy$321,042$8,448$8,448$337,938
Pension Plan Contributions$238,344$37,322$22,967$298,633
Current Officers, Directors, Trustees, and Key Employees$247,928$22,255$14,814$284,997
Office Expenses$143,507$31,251$18,656$193,414
Fees for Services Other$45,010$113,071$1,748$159,829
Fees for Service Investment Mgmnt Fees-$119,934-$119,934
All Other Expenses$30,902$61,641$1,110$93,653
Advertising$39,352$16,466$35,394$91,212
Other Expenses$51,848$28,166$1,445$81,459
Fees for Services Legal$56,723$8,103$2,701$67,527
Insurance$47,359$12,888$6,444$66,691
Information Technology$47,858$8,702$3,176$59,736
Fees for Services Accounting-$33,950$3,772$37,722
Total Functional Expenses$9,068,557$1,264,988$616,603$10,950,148

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,950,148
Expenses per Audited Statements$10,293,605
Total Expenses per Audited Statements$10,293,605
Expenses Not Reported on Financial Statements$656,543
Other Expense Adjustments$536,609
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$222,416
Fundraising Direct Expenses$108,060
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction Fundrai$222,416$222,416$108,060$114,356
Total Events$222,416$222,416$108,060$114,356
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
Audit committee
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 11B

The 990 will be provided to our board of trustees via a password protected document on a specific page of our website. The board will be asked to review the 990 and contact the director of finance or treasurer with questions within a specific timeframe.

Form 990, Page 6, Part VI, Line 12C

Each year individual board members are requested to review our conflict of interest policy and to disclose any interests that could give rise to conflict. Forms are distributed, collected and reviewed annually to monitor and enforce compliance.

Form 990, Page 6, Part VI, Line 15A

The board chair completes an annual review of the head of school in writing. Annual goals are set and agreed to by the head and the board chair. The director of finance provides a spreadsheet with compensation levels (salary, deferred compensation) for atlanta area independent schools, nais member schools, sais member schools,elementary nais member schools, georgia nais member schools, gisa member schools, and schools with an enrollment of 201-300. This is provided to the chair of the personnel coommittee and to the executive committee to use in comparing, substantiating, and determining the head's salary increase for the new school year. The increase is voted on within the executive committee and reported to the board during executive session. It is then provided to the director of finance in writing. Other key positions are reviewed every few years as determined to be necessary. The same benchmarking process is used and the information is provided to the head of school.

Form 990, Page 6, Part VI, Line 15B

The board chair completes an annual review of the head of school in writing. Annual goals are set and agreed to by the head and the board chair. The director of finance provides a spreadsheet with compensation levels (salary, deferred compensation) for atlanta area independent schools, nais member schools, sais member schools,elementary nais member schools, georgia nais member schools, gisa member schools, and schools with an enrollment of 201-300. This is provided to the chair of the personnel coommittee and to the executive committee to use in comparing, substantiating, and determining the head's salary increase for the new school year. The increase is voted on within the executive committee and reported to the board during executive session. It is then provided to the director of finance in writing. Other key positions are reviewed every few years as determined to be necessary. The same benchmarking process is used and the information is provided to the head of school.

Form 990, Page 6, Part VI, Line 19

By request to the director of finance, these documents are made available to the public.

Filing and Contact Details

Filer

Filer Name
The Schenck School Inc
EIN
58-0958208
Phone
4042522591
Address
282 MOUNT PARAN ROAD NW, ATLANTA, GA 30327-4664

Signing Officer

Name
Joshua J Clark
Title
Head of School
Phone
4042522591
Signed
2020-02-28

Organization Details

Principal Officer
Joshua J Clark
Formed
1966
Legal Domicile
Ga
Voting Board Members
23
Independent Board Members
23
Employees
131
Volunteers
170

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Steven E Trumbo
Phone
4045314940
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The school's three largest service areas are the day school, summer camp, and study lab. The day school was fully enrolled for the 2018-2019 school year with 250 students. The school continues to provide an excellent education to students diagnosed with reading difficulties, namely dyslexia. Students attend the school for a 2, 3 or 4 year period and then are outplaced to various public and private schools. While at the schenck school, students learn not only what their learning difficulty is, but also how to compensate for it and move forward with the confidence and ability to achieve in school and to enjoy learning. The study lab program served over half of our 2nd through 6th graders with specific and specialized homework assistance after school four days each week. Our successful summer camp program has sessions for elementary and middle school age children. For our current students, summer camp keeps their learning skills sharp over the summer months. Many students attend from the metro atlanta community and return to their respective schools with improved reading skills. Camp is also a great service to new students entering the school in august, allowing faculty a jump start on knowing and understanding the student and his/her needs. Summer camp has become a great admission tool, allowing parents a chance to preview the school while considering application for their son or daughter.

Form 990, Part XI, Line 9

Scholarships & financial aid -536,609 scholarships & financial aid 536,609

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Investment income and realized and unrealized gains from the endowment are to be used for facility maintenance and repairs, financial aid, and general operations.

Schedule D, Page 3, Part X

The school is exempt from federal income taxes under the provisions of internal revenue code section 501(c)(3). Income from certain activities not directly related to the school's tax-exempt purpose is subject to taxation as unrelated business income. For the years ended june 30, 2019 and 2018, the school did not have any unrelated business income, and accordingly, no unrelated business income tax. Management beleives that it has appropriate support for any tax positions taken by the school, and as such, does not have any uncertain tax positions that are material to the financial statements. The school's internal revenue filings for the previous three years remain subject to examination.

Schedule D, Page 4, Part XI, Line 4B

Scholarships & financial aid 536,609

Schedule D, Page 4, Part XII, Line 4B

Scholarships & financial aid 536,609

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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/ActivityOrMissionDesc0PROVIDE A SOLID EDUCATIONAL FOUNDATION FOR STUDENTS WITH DYSLEXIA AND DEVELOP THEIR RICH POTENTIAL.
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IRS990/Form990PartVIISectionAGrp/PersonNm4CHERYL BROWN
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HEAD OF SCHO
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIR. OF DEVE
IRS990/Form990PartVIISectionAGrp/TitleTxt26LOWER SCHOOL
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IRS990/OtherExpensesGrp/Desc0CLASSROOM EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.2$5.29$44.9$13.9$13.4$0.48
2023Detailed filing. Detailed filing data is available for this year.$47.6$5.69$41.9$13.5$13.5$0.01
2022Detailed filing. Detailed filing data is available for this year.$46.1$6.03$40.1$13.7$12.2$1.45
2021Detailed filing. Detailed filing data is available for this year.$49.2$5.50$43.7$13.1$11.6$1.48
2020Detailed filing. Detailed filing data is available for this year.$42.8$5.63$37.2$12.5$11.0$1.49
2019Detailed filing. Detailed filing data is available for this year.$42.6$6.25$36.3$11.2$11.0$0.30
2018Detailed filing. Detailed filing data is available for this year.$41.5$6.44$35.0$12.5$10.4$2.07
2017Detailed filing. Detailed filing data is available for this year.$39.7$6.63$33.1$13.1$10.2$2.96
2016Detailed filing. Detailed filing data is available for this year.$35.5$6.32$29.2$10.3$10.1$0.20
2015Detailed filing. Detailed filing data is available for this year.$34.9$5.53$29.4$11.2$9.47$1.70
2014Detailed filing. Detailed filing data is available for this year.$34.3$5.38$28.9$10.1$9.28$0.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$4.99$27.0$9.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$4.77$25.6$8.38
2011Summary only. Only limited summary data is available for this year.$29.6$4.71$24.9$8.06$7.90$0.16