New School Inc

Organization Overview

New School Inc is located in Holly Springs, NC. The organization was established in 1986. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, New School Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, New School Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE NEW SCHOOL, INC IS A PRIVATE MONTESSORI SCHOOL FOR CHILDREN

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONTESSORI STYLE EDUCATION FOR PRESCHOOL AND ELEMENTARY CHILDREN


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Board, Officers & Key Employees

Name (title)Compensation
Julie Schroer
Treasurer
$81,260
Jonathan Schroer
President
$77,006
Roger Harris
Secretary
$30,298
Venkat Shanmugavadivel
Director
$0
William Clausen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,005
Related organizations$0
Government grants $332,942
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$335,947
Total Program Service Revenue$2,994,257
Investment income $2,013
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,332,217

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Duke School
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Hilton Head Christian Academy
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Union County Charter Education Association
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