Next Charter School
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Derry, NH
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 45-5616935
Organization Overview
Next Charter School is located in Derry, NH. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Next Charter School employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Next Charter School 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, Next Charter School generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 10.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISION OF NEXT CHARTER SCHOOL IS TO MEET THE NEEDS OF STUDENTS NOT FULLY SERVED WITHIN A TRADITIONAL HIGH SCHOOL EDUCATIONAL PROGRAM,AND TO EMPLOY A SYSTEM OF INSTRUCTIONAL AND ASSESSMENT PRATICES THAT VALUES COMPETENCY, INQUIRY, FLEXIBILITY, AND THE SOCIAL NATURE OF LEARNING SO THAT STUDENTS WILL GRADUATE AND INITIATE POST-SECONDARY LEARNING OPTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXT CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION DEDICATED TO PROVIDING AN ALTERNATIVE OPTION TO HIGH SCHOOL STUDENTS IN THE DERRY, NH AREA ORGANIZED AS A 501 (C)(3) ORGANIZATION. NEXT CHARTER SCHOOL IS DEDICATED TO MEETING THE NEEDS OF STUDENTS NOT FULLY SERVED WITHIN A TRADITIONAL HIGH SCHOOL EDUCATION PROGRAM AND TO EMPLOY A SYSTEM OF INSTRUCTIONAL AND ASSESSMENT PRACTICES THAT VALUES COMPETENCY, INQUIRY, FLEXIBILITY AND THE SOCIAL NATURE SO THAT THE STUDENT WILL GRADUATE AND INITIATE POST-SECONDARY LEARNING OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole Reimer Board Chair | OfficerTrustee | $0 | |
Shannon Hudson Treasurer | OfficerTrustee | $0 | |
Adam Burch Vice Chair | OfficerTrustee | $0 | |
Craig Cerino Secretary | OfficerTrustee | $0 | |
Joe Crawford Director | Officer | $0 | |
Isobel Graves Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $945,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $962,984 |
| Total Program Service Revenue | $700,889 |
| Investment income | $245 |
| 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 | $1,664,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $840,392 |
| Pension plan accruals and contributions | $150,959 |
| Other employee benefits | $137,138 |
| Payroll taxes | $62,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,557 |
| Fees for services: Accounting | $12,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,216 |
| Advertising and promotion | $5,203 |
| Office expenses | $0 |
| Information technology | $6,054 |
| Royalties | $0 |
| Occupancy | $24,035 |
| Travel | $9,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,029 |
| Insurance | $6,234 |
| All other expenses | $8,480 |
| Total functional expenses | $1,459,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,408 |
| Savings and temporary cash investments | $777,602 |
| Pledges and grants receivable | $98,105 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $399,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $304,223 |
| Total assets | $1,803,956 |
| Accounts payable and accrued expenses | $19,025 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $256,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,200,177 |
| Total liabilities | $1,475,330 |
| Net assets without donor restrictions | $328,626 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,803,956 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Next Charter School has recieved totaling $160.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virtual Learning Academy Charter School Exeter, NH | $4,364,365 | $12,032,123 |
Maine Technology Institute Brunswick, ME | $20,192,850 | $10,752,801 |
Baxter Academies Of Maine Portland, ME | $5,059,959 | $5,291,894 |
Acadia Academy Lewiston, ME | $2,946,012 | $4,193,660 |
Harpswell Coastal Academy Inc Harpswell, ME | $1,328,759 | $3,434,927 |
Fiddlehead School Gray, ME | $2,450,740 | $2,123,993 |
Great Bay Elearning Charter School Exeter, NH | $1,221,712 | $1,886,991 |
Kreiva Academy Public Charter School Manchester, NH | $870,753 | $1,875,543 |
Compass Classical Academy Tilton, NH | $1,304,816 | $1,309,060 |
Next Charter School Derry, NH | $1,803,956 | $1,664,118 |
Making Community Connections Charter School Amherst, NH | $443,439 | $1,365,054 |
Gate City Charter School For The Arts Merrimack, NH | $402,137 | $1,441,405 |