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Nonprofiteer
← NEW COMMUNITY SCHOOL

Form 990 for tax year 2024

Filed by NEW COMMUNITY SCHOOL.

Totals

Total revenue
$9,380,276
Total expenses
$9,614,180
Contributions and grants received
$1,240,907
Grants paid
$1,133,287
Program service revenue
$7,752,711
Investment income
$347,311
Other revenue
$39,347
Total assets, end of year
$25,864,544
Total liabilities, end of year
$1,945,662
Net assets or fund balances, end of year
$23,918,882
Program services expenses (Part IX)
$7,941,951
Management and general expenses
$1,160,619
Fundraising expenses
$511,610
Program service expenses (Part III)
$7,941,951

Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,240,907

  • 1g · Noncash contributions included above

    $10,168

  • 2a · Program service revenue: TUITION

    total $7,744,090 · related or exempt $7,744,090

  • 2b · Program service revenue: TUTORING CENTER

    total $8,621 · related or exempt $8,621

  • 3 · Investment income

    total $355,266 · excluded $355,266

  • 6a · Gross rents

    real property $28,800

  • 6b · Less rental expenses

    real property $6,080

  • 6c · Rental income or loss

    real property $22,720

  • 6d · Net rental income or loss

    total $22,720 · excluded $22,720

  • 7a · Gross sales of assets other than inventory

    securities $227,250

  • 7b · Less cost or other basis and sales expenses

    securities $227,487 · other assets $7,718

  • 7c · Gain or loss

    securities -$237 · other assets -$7,718

  • 7d · Net gain or loss

    total -$7,955 · related or exempt -$7,718 · excluded -$237

  • 10a · Gross sales of inventory

    $1,326

  • 10c · Net income from sales of inventory

    total $1,326 · excluded $1,326

  • 11a · Other revenue: OTHER INCOME

    total $15,301 · related or exempt $15,301

  • 11e · Other revenue, total

    $15,301

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,133,287 · program services $1,133,287

  • 5 · Compensation of officers, directors and key employees

    total $531,760 · program services $446,678 · management and general $69,129 · fundraising $15,953

  • 7 · Other salaries and wages

    total $4,503,843 · program services $3,775,080 · management and general $578,338 · fundraising $150,425

  • 8 · Pension plan contributions

    total $271,053 · program services $235,333 · management and general $28,535 · fundraising $7,185

  • 9 · Other employee benefits

    total $634,090 · program services $491,638 · management and general $120,421 · fundraising $22,031

  • 10 · Payroll taxes

    total $376,367 · program services $310,683 · management and general $53,082 · fundraising $12,602

  • 11b · Fees: legal

    total $94,430 · management and general $94,430

  • 11c · Fees: accounting

    total $33,650 · management and general $33,650

  • 11f · Fees: investment management

    total $37,532 · management and general $35,046 · fundraising $2,486

  • 11g · Fees: other

    total $89,157 · program services $2,853 · management and general $50,828 · fundraising $35,476

  • 12 · Advertising and promotion

    total $132,614 · management and general $63,965 · fundraising $68,649

  • 13 · Office expenses

    total $65,107 · management and general $36,988 · fundraising $28,119

  • 14 · Information technology

    total $108,339 · program services $56,940 · management and general $12,832 · fundraising $38,567

  • 16 · Occupancy

    total $429,101 · program services $5,172 · management and general $423,929

  • 20 · Interest

    total $3,861 · management and general $3,861

  • 22 · Depreciation, depletion and amortization

    total $740,861 · management and general $740,861

  • 23 · Insurance

    total $85,800 · management and general $85,800

  • 24a · Other expenses: STUDENT ACTIVITIES

    total $154,630 · program services $154,630

  • 24b · Other expenses: EMPLOYEE SUPPORT

    total $71,826 · program services $55,817 · management and general $16,009

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $63,297 · program services $22,911 · management and general $37,168 · fundraising $3,218

  • 24d · Other expenses: MEMBERSHIP AND DUES

    total $26,557 · program services $1,138 · management and general $24,579 · fundraising $840

  • 24e · All other expenses

    total $27,018 · program services $1,249,791 · management and general -$1,348,832 · fundraising $126,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,769,254 · end of year $4,867,396

  • 3 · Pledges and grants receivable

    beginning of year $403,459 · end of year $304,860

  • 4 · Accounts receivable

    beginning of year $26,289 · end of year $29,162

  • 8 · Inventories for sale or use

    beginning of year $5,469 · end of year $4,362

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,744 · end of year $67,146

  • 10a · Land, buildings and equipment: cost or other basis

    $19,008,827

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,566,362

  • 10c · Land, buildings and equipment, net

    beginning of year $13,045,332 · end of year $12,442,465

  • 11 · Investments: publicly traded securities

    beginning of year $8,472,063 · end of year $8,070,917

  • 15 · Other assets

    beginning of year $124,876 · end of year $78,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,652 · end of year $161,364

  • 19 · Deferred revenue

    beginning of year $1,246,822 · end of year $1,671,447

  • 25 · Other liabilities

    beginning of year $160,421 · end of year $112,851

  • 27 · Net assets without donor restrictions

    beginning of year $14,852,210 · end of year $14,542,739

  • 28 · Net assets with donor restrictions

    beginning of year $8,559,381 · end of year $9,376,143

Mission and programs · 2024

Mission

THE NEW COMMUNITY SCHOOL EMPOWERS BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. THE INNOVATIVE AND RESEARCH-BASED COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND TO FOSTER ACADEMIC AND PERSONAL STREGTHS - IGNITING THE PASSIONS AND GIFTS OF UNIQUE MINDS.

  • IN THE 2024-25 FISCAL YEAR, THE NEW COMMUNITY SCHOOL ENROLLED 212 STUDENTS IN GRADES 5-12. FOR 50 YEARS, TNCS HAS BEEN THE REGION'S ONLY MIDDLE AND UPPER SCHOOL DEDICATED TO EMPOWERING BRIGHT, TALENTED STUDENTS WHO ARE CHALLENGED BY DYSLEXIA AND RELATED LEARNING DIFFERENCES. AN INNOVATIVE COLLEGE PREPARATORY CURRICULUM USES A CUSTOMIZED EDUCATIONAL APPROACH TO BUILD SKILLS AND FOSTER ACADEMIC AND PERSONAL STRENGTHS. SMALL CLASS SIZES, A 4:1 STUDENT TEACHER RATIO, AND A DEDICATED FACULTY ENSURE THAT ALL STUDENTS ACQUIRE THE TOOLS AND STRATEGIES THEY NEED TO SUCCEED. VIBRANT STUDENT LIFE, ELECTIVES, ATHLETICS, AND WELLNESS PROGRAMS HELP LAUNCH STUDENTS WITH THE KNOWLEDGE, SKILLS, AND RESILIENCE TO PURSUE THEIR PASSIONS, NAVIGATE THE OPPORTUNITIES AND CHALLENGES OF THEIR WORLD, AND LIVE THEIR LIVES WITH COURAGE, COMPASSION, AND PURPOSE.

    Expenses $7,941,951 · Grants $1,133,287 · Revenue $7,752,711

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AMANDA SURGNER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • PETTUS LECOMPTE

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • CORYNNE ARNETT

    PRES. ELCT/T

    Total calculated
    $0
    Hours/week
    1
  • AMANDA AGHDAMI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • PETE SCHROCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL BLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TRACEY BOSEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MAUREEN DENLEA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TOBY DESCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARK GOTTWALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FRANK HARGROVE III

    TRUSTEE

    Total calculated
    $0
  • VIRGINIA MCANDREW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GEORGE MCVEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TREY PRUITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRUDE STOEVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NANCY FOY

    HEAD OF SCHO

    Total calculated
    $246,632
    From this org
    $220,099
    From related orgs
    $0
    Other
    $26,533
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,099
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,533
    Nontaxable benefits
    not reported
    Filer's total
    $246,632
  • SCOTT BRAY

    ASSOC HEAD O

    Total calculated
    $128,578
    From this org
    $112,455
    From related orgs
    $0
    Other
    $16,123
    Hours/week
    50
  • JOY BUZZARD

    DIR. FINANCE

    Total calculated
    $136,723
    From this org
    $120,423
    From related orgs
    $0
    Other
    $16,300
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.0
Source object
202503149349300240

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