Nonprofit · EIN 56-1380587
NEW HORIZONS ELEMENTARY SCHOOL
Tax-exempt · WILMINGTON, NC 28412
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $1,553,319 | $1,255,947 | $297,372 | $1,601,670 | $895,960 | $705,710 |
| July 31, 2024 | 990 | $1,191,293 | $1,227,456 | -$36,163 | $1,504,989 | $1,097,373 | $407,616 |
| July 31, 2023 | 990 | $1,106,870 | $1,158,916 | -$52,046 | $1,370,136 | $916,232 | $453,904 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $39,731
- Program service revenue
- $1,490,304
- Investment income
- $11,220
- Net gain from sales of assets
- -$167
- Net income from fundraising events
- $8,687
- Net income from gaming
- $2,903
- Other revenue
- $12,064
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $111,007
- Other salaries and wages
- $663,962
- Salaries, compensation and benefits (total)
- $931,106
- Professional fundraising fees
- $0
- Accounting fees
- $7,883
- Occupancy
- $97,972
- Depreciation
- $41,924
- Program services (functional)
- $1,073,623
- Management and general (functional)
- $162,541
- Fundraising (functional)
- $19,783
Balance sheet and other
- Total assets, start of year
- $1,504,989
- Total assets, end of year
- $1,601,670
- Total liabilities, end of year
- $895,960
- Net assets, end of year
- $705,710
- Land, buildings and equipment
- $745,293
- Gross receipts
- $1,562,222
- Employees
- 22
- Volunteers
- 350
- Year formed
- 1983
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amanda Jacobs | School Director Trustee or director, Officer | 40 | $97,050 | $19,389 |
| Christina Satterfield | Board Member Trustee or director | 1 | $62,237 | $10,531 |
| Amanda DAngelo | Board Member Trustee or director | 2 | $0 | $0 |
| Hal Kitchen | Board Member Trustee or director | 2 | $0 | $0 |
| David Powers | Board Member Trustee or director | 2 | $0 | $0 |
| Liz Carroll | Board Member Trustee or director | 2 | $0 | $0 |
| Kimi Hemmingway | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Carrie Rankin | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Marilyn Rush | Secretary Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended July 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amanda Jacobs | School Director Trustee or director, Officer | 40 | $92,300 | $22,773 |
| Christina Satterfield | Board Member Trustee or director | 1 | $52,295 | $8,922 |
| Hal Kitchen | Board Member Trustee or director | 1 | $0 | $0 |
| David Powers | Board Member Trustee or director | 1 | $0 | $0 |
| Amanda DAngelo | Board Member Trustee or director | 1 | $0 | $0 |
| Liz Carroll | Board Member Trustee or director | 1 | $0 | $0 |
| Kimi Hemmingway | Board Chair Trustee or director, Officer | 3 | $0 | $0 |
| Carrie Rankin | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Marilyn Rush | Secretary Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended July 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amanda Jacobs | Director of School Trustee or director, Officer | 40 | $70,330 |
| Jason Wheeler | Chair Trustee or director, Officer | 4 | $0 |
| Carrie Rankin | Treasurer Trustee or director, Officer | 4 | $0 |
| Hal Kitchin | Director Trustee or director | 4 | $0 |
| Liz Carroll | Director Trustee or director | 4 | $0 |
| Marilyn Rush | Director Trustee or director | 4 | $0 |
| Kimi Hemingway | Director Trustee or director | 4 | $0 |
| Amanda D'Angelo | Director Trustee or director | 4 | $0 |
| Lee Johnson | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 3705 COLLEGE RD S, WILMINGTON, NC 28412-2005
- In care of
- % CARRIE RANKIN
- Principal officer (990 for 2024)
- Carrie Rankin, 3705 South College Rd, Wilmington, NC 28412
- Signed the 990
- CARRIE RANKIN, Board Treasurer
- Phone
- (910) 392-5209
- Return prepared by
- Meacham CPA PLLC
Mission
Kindergarten through Grade 5 education.
Program accomplishments
- New Horizons limits its class size to 18-20 students per teacher. As such, it educated 112 students in 2024/25. New Horizons has developed a learning community that nurtures student achievement and personal development. 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 developing leaders one child at a time.Expenses $1,073,623 · revenue $1,490,304
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 56-1380587
- 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
- 1984
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,601,670
- Income (IRS master file)
- $1,562,222
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $1,553,319 | $1,255,947 | $1,601,670 | XML |
| 990 | July 2024 | $1,191,293 | $1,227,456 | $1,504,989 | XML |
| 990 | July 2023 | $1,106,870 | $1,158,916 | $1,370,136 | XML |
| 990 | July 2022 | $951,421 | $938,374 | $1,677,658 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 56-1380587).
Questions about NEW HORIZONS ELEMENTARY SCHOOL
- What is the EIN of NEW HORIZONS ELEMENTARY SCHOOL?
- The employer identification number (EIN) of NEW HORIZONS ELEMENTARY SCHOOL is 56-1380587.
- Is NEW HORIZONS ELEMENTARY SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NEW HORIZONS ELEMENTARY SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HORIZONS ELEMENTARY SCHOOL 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 HORIZONS ELEMENTARY SCHOOL due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HORIZONS ELEMENTARY SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of NEW HORIZONS ELEMENTARY SCHOOL?
- The 990 for the year ended July 31, 2025 names Carrie Rankin.
- Who are the officers and directors of NEW HORIZONS ELEMENTARY SCHOOL?
- The 990 for the year ended July 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $97,050 (Amanda Jacobs, School Director).
- How much revenue does NEW HORIZONS ELEMENTARY SCHOOL have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $1,553,319, expenses of $1,255,947 and total assets of $1,601,670 at year end.
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