New Horizons Elementary School
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Wilmington, NC
- Founding
- 09/1984
- Data as of
- 07/2024
- EIN
- 56-1380587
Organization Overview
New Horizons Elementary School is located in Wilmington, NC. The organization was established in 1984. 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 07/2024, New Horizons Elementary School employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Horizons Elementary 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 07/2024, New Horizons Elementary School generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.2m during the year ending 07/2024. While expenses have increased by 5.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
KINDERGARTEN THROUGH GRADE 5 EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HORIZONS LIMITS ITS CLASS SIZE TO 18-20 STUDENTS PER TEACHER. AS SUCH, IT EDUCATED 106 STUDENTS IN2023/24. NEW HORIZONS HAS DEVELOPED A LEARNING COMMUNITY THAT NURTURES STUDENT ACHIEVEMENT AND PERSONALDEVELOPMENT. STUDENTS ARE VALUED FOR THEIR UNIQUE GIFTS AND TALENTS. BY DEVELOPING THE WHOLE CHILD --SOCIALLY, EMOTIONALLY, ACADEMICALLY, AND ETHICALLY -- THE PROGRAM SEEKS TO FULFILL ITS MISSION OF DEVELOPINGLEADERS ONE CHILD AT A TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Jacobs School Director | OfficerTrustee | 40 | $92,300 |
Christina Satterfield Board Member | Trustee | 1 | $52,295 |
Hal Kitchen Board Member | Trustee | 1 | $0 |
David Powers Board Member | Trustee | 1 | $0 |
Amanda Dangelo Board Member | Trustee | 1 | $0 |
Liz Carroll Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,969 |
| Total Program Service Revenue | $1,161,559 |
| Investment income | $6,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,293 |
| 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 | $696,466 |
| Pension plan accruals and contributions | $8,382 |
| Other employee benefits | $93,203 |
| Payroll taxes | $55,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,105 |
| Advertising and promotion | $3,620 |
| Office expenses | $11,631 |
| Information technology | $32,481 |
| Royalties | $0 |
| Occupancy | $38,889 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,461 |
| Insurance | $26,138 |
| All other expenses | $10,971 |
| Total functional expenses | $1,227,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,599 |
| Savings and temporary cash investments | $428,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,148 |
| 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 | $573,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,002 |
| Total assets | $1,504,989 |
| Accounts payable and accrued expenses | $4,795 |
| Grants payable | $0 |
| Deferred revenue | $790,644 |
| 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 | $301,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,097,373 |
| Net assets without donor restrictions | $407,616 |
| 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 | $1,504,989 |