Nonprofit · EIN 56-1429736
NEW SCHOOL INC
Tax-exempt · HOLLY SPRINGS, NC 27540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,125,906 | $3,202,093 | -$76,187 | $3,268,827 | $2,542 | $3,266,285 |
| June 30, 2024 | 990 | $3,094,200 | $2,687,671 | $406,529 | $3,349,808 | $7,336 | $3,342,472 |
| June 30, 2023 | 990 | $3,022,622 | $2,924,934 | $97,688 | $2,938,898 | $2,955 | $2,935,943 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $61,378
- of which government grants
- $42,868
- Program service revenue
- $3,042,304
- Investment income
- $22,224
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $122,643
- Compensation of officers, directors and key employees
- $238,902
- Other salaries and wages
- $1,896,725
- Salaries, compensation and benefits (total)
- $2,397,932
- Professional fundraising fees
- $0
- Legal fees
- $15,313
- Travel
- $85
- Depreciation
- $128,881
- Program services (functional)
- $2,881,058
- Management and general (functional)
- $321,035
Balance sheet and other
- Total assets, start of year
- $3,349,808
- Total assets, end of year
- $3,268,827
- Total liabilities, end of year
- $2,542
- Net assets, end of year
- $3,266,285
- Land, buildings and equipment
- $1,937,716
- Publicly traded securities
- $522,179
- Net assets without donor restrictions
- $3,266,285
- Gross receipts
- $3,125,906
- Employees
- 59
- Volunteers
- 230
- Year formed
- 1984
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Schroer | Treasurer Trustee or director, Officer | 40 | $111,412 |
| Jonathan Schroer | President Trustee or director, Officer | 40 | $77,796 |
| Roger Harris | Secretary Trustee or director, Officer | 20 | $49,694 |
| Venkat Schanmugavadivel | Director Trustee or director | 5 | $0 |
| William Clausen | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Schroer | Treasurer Trustee or director, Officer | 40 | $87,380 |
| Jonathan Schroer | President Trustee or director, Officer | 40 | $73,437 |
| Roger Harris | Secretary Trustee or director, Officer | 20 | $35,889 |
| Venkat Schanmugavadivel | Director Trustee or director | 5 | $0 |
| William Clausen | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Schroer | Treasurer Trustee or director, Officer | 40 | $80,932 |
| Jonathan Schroer | President Trustee or director, Officer | 40 | $70,620 |
| Roger Harris | Secretary Trustee or director, Officer | 20 | $31,966 |
| Venkat Schanmugavadivel | Director Trustee or director | 5 | $0 |
| William Clausen | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 5617 SUNSET LAKE RD, HOLLY SPRINGS, NC 27540-4348
- Principal officer (990 for 2024)
- Jonathan Schroer, 5617 Sunset Lake Road, Holly Springs, NC 27540
- Signed the 990
- Julie Schroer, Treasurer
- Phone
- (919) 303-3636
- Website
- www.montessoricenter.org
- Return prepared by
- CLAY BLUE CPA PLLC
Mission
School for children.
Program accomplishments
- Montessori style education for preschool and elementary children.Expenses $2,881,058 · grants $122,643 · revenue $3,042,304
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1429736
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,268,827
- Income (IRS master file)
- $3,125,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,125,906 | $3,202,093 | $3,268,827 | IRS |
| 990 | June 2024 | $3,094,200 | $2,687,671 | $3,349,808 | XML |
| 990 | June 2023 | $3,022,622 | $2,924,934 | $2,938,898 | XML |
| 990 | June 2022 | $3,332,217 | $2,524,429 | $2,845,504 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1429736).
Questions about NEW SCHOOL INC
- What is the EIN of NEW SCHOOL INC?
- The employer identification number (EIN) of NEW SCHOOL INC is 56-1429736.
- Is NEW SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to NEW SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW SCHOOL INC?
- The 990 for the year ended June 30, 2025 names Jonathan Schroer.
- Who are the officers and directors of NEW SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 3 received compensation from the organization, the highest $111,412 (Julie Schroer, Treasurer).
- How much revenue does NEW SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,125,906, expenses of $3,202,093 and total assets of $3,268,827 at year end.
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